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Company Registration No. 11361564 (England and Wales)
Hatched Recruitment (UK) Ltd Unaudited accounts for the year ended 31 October 2023
Hatched Recruitment (UK) Ltd Unaudited accounts Contents
Page
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Hatched Recruitment (UK) Ltd Company Information for the year ended 31 October 2023
Directors
Tim Dracup Mark Bateson
Company Number
11361564 (England and Wales)
Registered Office
MARSHALL HOUSE RINGWAY PRESTON PR1 2QD ENGLAND
Accountants
Walling Accountants Unit 1B Hallidays Farm Bilsborrow Preston PR3 0RU
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Hatched Recruitment (UK) Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,362 
10,837 
Current assets
Debtors
469,916 
438,693 
Cash at bank and in hand
9,761 
6,697 
479,677 
445,390 
Creditors: amounts falling due within one year
(464,143)
(408,253)
Net current assets
15,534 
37,137 
Total assets less current liabilities
23,896 
47,974 
Creditors: amounts falling due after more than one year
(21,352)
(42,190)
Provisions for liabilities
Deferred tax
(1,589)
(2,059)
Net assets
955 
3,725 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
855 
3,625 
Shareholders' funds
955 
3,725 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Tim Dracup Director Company Registration No. 11361564
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Hatched Recruitment (UK) Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Hatched Recruitment (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11361564. The registered office is MARSHALL HOUSE, RINGWAY, PRESTON, PR1 2QD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Hatched Recruitment (UK) Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
2,997 
20,652 
23,649 
Additions
2,184 
412 
2,596 
At 31 October 2023
5,181 
21,064 
26,245 
Depreciation
At 1 November 2022
650 
12,162 
12,812 
Charge for the year
673 
4,398 
5,071 
At 31 October 2023
1,323 
16,560 
17,883 
Net book value
At 31 October 2023
3,858 
4,504 
8,362 
At 31 October 2022
2,347 
8,490 
10,837 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
403,933 
377,146 
Accrued income and prepayments
13,241 
41,257 
Other debtors
52,742 
20,290 
469,916 
438,693 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
321,652 
341,876 
VAT
56,602 
13,929 
Trade creditors
15,841 
5,598 
Taxes and social security
61,626 
13,707 
Other creditors
4,678 
27,459 
Loans from directors
121 
150 
Accruals
3,623 
5,534 
464,143 
408,253 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,352 
42,190 
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Hatched Recruitment (UK) Ltd Notes to the Accounts for the year ended 31 October 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Tim Dracup
Director's current account
121 
- 
- 
121 
Mark Bateson
Director's current account
29 
- 
- 
29 
150 
- 
- 
150 
9
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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