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REGISTERED NUMBER: 04660788 (England and Wales)















KERRY COLLINS RECRUITMENT LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






KERRY COLLINS RECRUITMENT LIMITED (REGISTERED NUMBER: 04660788)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERRY COLLINS RECRUITMENT LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs R Sundhers





REGISTERED OFFICE: Ground Floor
International House
20 Hatherton Street
Walsall
West Midlands
WS4 2LA





REGISTERED NUMBER: 04660788 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

KERRY COLLINS RECRUITMENT LIMITED (REGISTERED NUMBER: 04660788)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 146,744 34,221

CURRENT ASSETS
Debtors 5 2,005,283 1,510,276
Cash at bank and in hand 30,410 48,867
2,035,693 1,559,143
CREDITORS
Amounts falling due within one year 6 1,471,824 918,809
NET CURRENT ASSETS 563,869 640,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,613

674,555

CREDITORS
Amounts falling due after more than one
year

7

(92,417

)

-

PROVISIONS FOR LIABILITIES 8 (949 ) (6,502 )
NET ASSETS 617,247 668,053

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 616,247 667,053
SHAREHOLDERS' FUNDS 617,247 668,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KERRY COLLINS RECRUITMENT LIMITED (REGISTERED NUMBER: 04660788)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





Mrs R Sundhers - Director


KERRY COLLINS RECRUITMENT LIMITED (REGISTERED NUMBER: 04660788)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Kerry Collins Recruitment Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales-related taxes.

Turnover arising from temporary placements is recognised over the period that temporary workers are provided.

Turnover arising from the placement of permanent candidates is recognised at the time the candidate commences full-time employment. Provision is made for the expected cost of meeting obligations where employees do not work for the specified contractual period.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

KERRY COLLINS RECRUITMENT LIMITED (REGISTERED NUMBER: 04660788)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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

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

Factoring arrangements
The company has entered into a confidential invoice discounting arrangement in order to assist with cash management and day to day working capital requirements. Debts approved by the factor company are assigned with recourse. Debtors are reflected gross within current assets, with the related factoring advance reflected gross within current liabilities.

Going concern
These financial statements have been prepared on a going concern basis. The Directors anticipate that the company will be profitable in the forthcoming period and in the foreseeable future and will maintain positive cash flows.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 221 (2023 - 234 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 89,382 - 89,382
Additions 6,094 135,104 141,198
At 31 March 2024 95,476 135,104 230,580
DEPRECIATION
At 1 April 2023 55,161 - 55,161
Charge for year 10,661 18,014 28,675
At 31 March 2024 65,822 18,014 83,836
NET BOOK VALUE
At 31 March 2024 29,654 117,090 146,744
At 31 March 2023 34,221 - 34,221

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,212,598 830,857
Invoice discounting - 59,741
Other debtors 742,429 578,069
Directors' current accounts - 3,485
Prepayments 50,256 38,124
2,005,283 1,510,276

KERRY COLLINS RECRUITMENT LIMITED (REGISTERED NUMBER: 04660788)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,007 -
Trade creditors 153,676 120,276
Tax 10,581 58,987
Social security and other taxes 254,100 191,394
Other creditors - 9,498
Invoice discounting 395,682 -
Accrued expenses 643,778 538,654
1,471,824 918,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 92,417 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 949 6,502

Deferred
tax
£   
Balance at 1 April 2023 6,502
Credit to Income Statement during year (5,553 )
accelerated capital allowances
Balance at 31 March 2024 949

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

KERRY COLLINS RECRUITMENT LIMITED (REGISTERED NUMBER: 04660788)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs R Sundhers
Balance outstanding at start of year 3,485 95,000
Amounts advanced - 223,485
Amounts repaid - (315,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,485