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Registered number: 11611716
Recruithub Platform Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11611716
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,326 1,167
Investments 5 262,509 368,645
263,835 369,812
CURRENT ASSETS
Debtors 6 396,398 241,582
Cash at bank and in hand 68,895 100,319
465,293 341,901
Creditors: Amounts Falling Due Within One Year 7 (619,087 ) (370,807 )
NET CURRENT ASSETS (LIABILITIES) (153,794 ) (28,906 )
TOTAL ASSETS LESS CURRENT LIABILITIES 110,041 340,906
Creditors: Amounts Falling Due After More Than One Year 8 (345,233 ) (16,451 )
NET (LIABILITIES)/ASSETS (235,192 ) 324,455
CAPITAL AND RESERVES
Called up share capital 9 10 10
Share premium account 174,955 174,955
Revaluation reserve 10 261,998 368,219
Profit and Loss Account (672,155 ) (218,729 )
SHAREHOLDERS' FUNDS (235,192) 324,455
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Edmund Blogg
Director
26/07/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Recruithub Platform Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11611716 . The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.10. Unlisted investment
Unlisted investments are recognised initially at cost. Subsequently, they are revalued by the directors and the change in valuation transferred to the revaluation reserve.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 5)
7 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 128 4,928 5,056
Additions - 925 925
As at 31 October 2023 128 5,853 5,981
Depreciation
As at 1 November 2022 58 3,831 3,889
Provided during the period 15 751 766
As at 31 October 2023 73 4,582 4,655
Net Book Value
As at 31 October 2023 55 1,271 1,326
As at 1 November 2022 70 1,097 1,167
5. Investments
Unlisted
£
Cost
As at 1 November 2022 368,645
Additions 95
Disposals (10 )
Revaluations (106,221 )
As at 31 October 2023 262,509
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 262,509
As at 1 November 2022 368,645
Page 4
Page 5
If the unlisted investments had not been revalued they would have been included at the historical cost of £511 in 2023 (£426 - 2022).
The unlisted investments were valued on an open market basis on 31 October 2023 by the directors.
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 193,714 145,582
Prepayments and accrued income 24,337 25,521
Other debtors 5,842 9,800
223,893 180,903
Due after more than one year
Deferred tax current asset 172,505 60,679
396,398 241,582
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 251,099 85,651
Bank loans and overdrafts 1,648 1,648
Other taxes and social security 62,818 7,605
VAT 15,994 8,935
Net wages 3,296 3,019
Other creditors 22,157 10,109
Capital on tap 13,246 17,946
Accruals and deferred income 57,811 44,876
Directors' loan accounts 191,018 191,018
619,087 370,807
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 3,706 5,354
Other creditors 341,527 11,097
345,233 16,451
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 5
Page 6
10. Reserves
Revaluation Reserve
£
As at 1 November 2022 368,219
Investment revaluation reserve (106,221 )
As at 31 October 2023 261,998
Page 6