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
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
Hatched Recruitment (UK) Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
8,362
10,837
Cash at bank and in hand
9,761
6,697
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)
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
Hatched Recruitment (UK) Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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
At 31 October 2023
5,181
21,064
26,245
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
At 31 October 2023
3,858
4,504
8,362
At 31 October 2022
2,347
8,490
10,837
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
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
321,652
341,876
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
7
Creditors: amounts falling due after more than one year
2023
2022
Hatched Recruitment (UK) Ltd
Notes to the Accounts
for the year ended 31 October 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's current account
121
-
-
121
Director's current account
29
-
-
29
9
Average number of employees
During the year the average number of employees was 13 (2022: 13).