IRIS Accounts Production v24.2.0.383 04475627 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044756272022-12-31044756272023-12-31044756272023-01-012023-12-31044756272021-12-31044756272022-01-012022-12-31044756272022-12-3104475627ns15:EnglandWales2023-01-012023-12-3104475627ns14:PoundSterling2023-01-012023-12-3104475627ns10:Director12023-01-012023-12-3104475627ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104475627ns10:SmallEntities2023-01-012023-12-3104475627ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104475627ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104475627ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104475627ns10:FullAccounts2023-01-012023-12-3104475627ns10:Director22023-01-012023-12-3104475627ns10:Director32023-01-012023-12-3104475627ns10:RegisteredOffice2023-01-012023-12-3104475627ns5:CurrentFinancialInstruments2023-12-3104475627ns5:CurrentFinancialInstruments2022-12-3104475627ns5:Non-currentFinancialInstruments2023-12-3104475627ns5:Non-currentFinancialInstruments2022-12-3104475627ns5:ShareCapital2023-12-3104475627ns5:ShareCapital2022-12-3104475627ns5:RetainedEarningsAccumulatedLosses2023-12-3104475627ns5:RetainedEarningsAccumulatedLosses2022-12-3104475627ns5:FurnitureFittings2023-01-012023-12-3104475627ns5:MotorVehicles2023-01-012023-12-3104475627ns5:ComputerEquipment2023-01-012023-12-3104475627ns5:FurnitureFittings2022-12-3104475627ns5:MotorVehicles2022-12-3104475627ns5:ComputerEquipment2022-12-3104475627ns5:FurnitureFittings2023-12-3104475627ns5:MotorVehicles2023-12-3104475627ns5:ComputerEquipment2023-12-3104475627ns5:FurnitureFittings2022-12-3104475627ns5:MotorVehicles2022-12-3104475627ns5:ComputerEquipment2022-12-3104475627ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104475627ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104475627ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104475627ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104475627ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3104475627ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3104475627ns5:HirePurchaseContracts2023-12-3104475627ns5:HirePurchaseContracts2022-12-3104475627ns5:Secured2023-12-3104475627ns5:Secured2022-12-3104475627ns5:Secured12023-12-3104475627ns5:Secured12022-12-31
REGISTERED NUMBER: 04475627 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

J T Recruit Ltd

J T Recruit Ltd (Registered number: 04475627)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J T Recruit Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J W Thompson
G Lawrence
F N Lawrence





REGISTERED OFFICE: Castle View Barn
18 Woolsthorpe Lane
Muston
Nottinghamshire
NG13 0FE





REGISTERED NUMBER: 04475627 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

J T Recruit Ltd (Registered number: 04475627)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,444 15,142

CURRENT ASSETS
Debtors 5 2,377,734 2,598,705
Cash at bank 43,387 100,703
2,421,121 2,699,408
CREDITORS
Amounts falling due within one year 6 1,325,755 1,619,025
NET CURRENT ASSETS 1,095,366 1,080,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,248,810

1,095,525

CREDITORS
Amounts falling due after more than one
year

7

(488,385

)

(454,400

)

PROVISIONS FOR LIABILITIES (33,000 ) -
NET ASSETS 727,425 641,125

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 726,425 640,125
727,425 641,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J T Recruit Ltd (Registered number: 04475627)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





G Lawrence - Director


J T Recruit Ltd (Registered number: 04475627)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

J T Recruit Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 20% on cost

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Invoice discounting
The debts discounted are included within trade debtors with a financing limit relating to proceeds received from the invoice discounter included within creditors.

The interest element and other discount charges are recognised within the profit and loss account as they accrue.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 18 ) .

J T Recruit Ltd (Registered number: 04475627)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 44,108 - 41,104 85,212
Additions - 133,860 10,190 144,050
At 31 December 2023 44,108 133,860 51,294 229,262
DEPRECIATION
At 1 January 2023 43,379 - 26,691 70,070
Charge for year 276 - 5,472 5,748
At 31 December 2023 43,655 - 32,163 75,818
NET BOOK VALUE
At 31 December 2023 453 133,860 19,131 153,444
At 31 December 2022 729 - 14,413 15,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 992,685 1,160,784
Amounts owed by group undertakings 1,346,938 1,193,438
Other debtors 10,467 184,213
Prepayments and accrued income 27,644 60,270
2,377,734 2,598,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 48,804 142,426
Advances under factoring arrangement 830,934 1,029,670
Hire purchase contracts (see note 8) 7,770 -
Trade creditors 22,586 48,374
Amounts owed to group undertakings 4,030 -
Tax 66,925 119,712
Social security and other taxes 188,085 138,876
Other creditors 78,750 7,960
Director's current account 17,756 -
Accrued expenses 60,115 132,007
1,325,755 1,619,025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 398,651 454,400
Hire purchase contracts (see note 8) 89,734 -
488,385 454,400

J T Recruit Ltd (Registered number: 04475627)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 7,770 -
Between one and five years 89,734 -
97,504 -

At the reporting end date, the company has outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:
2023 2022
£ £

359,814 213,662

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 447,455 596,826
Advances under factoring arrangement 830,934 1,029,670
Hire purchase contracts 97,504 -
1,375,893 1,626,496

Hire purchase creditors are secured on the related assets.
Bank loans and factoring arrangements are secured against the assets of the company.