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REGISTERED NUMBER: NI061824 (Northern Ireland)














Unaudited Financial Statements

FOR THE YEAR ENDED

30 November 2023

for

ASHTON RECRUITMENT LIMITED

ASHTON RECRUITMENT LIMITED (REGISTERED NUMBER: NI061824)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ASHTON RECRUITMENT LIMITED (REGISTERED NUMBER: NI061824)

Balance Sheet
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,923 24,793
Investment property 6 280,309 165,871
299,232 190,664

CURRENT ASSETS
Debtors 7 748,917 845,520
Cash at bank and in hand 304,378 449,083
1,053,295 1,294,603
CREDITORS
Amounts falling due within one year 8 549,414 671,096
NET CURRENT ASSETS 503,881 623,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

803,113

814,171

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 802,113 813,171
SHAREHOLDERS' FUNDS 803,113 814,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

ASHTON RECRUITMENT LIMITED (REGISTERED NUMBER: NI061824)

Balance Sheet - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Ms K Ferran - Director


ASHTON RECRUITMENT LIMITED (REGISTERED NUMBER: NI061824)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Ashton Recruitment Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address are as below:

Registered number: NI061824

Registered office: 25 Howard Street
Belfast
Co. Antrim
BT1 6NB

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.

Amortisation
Amortisation is calculated as as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill- 10% Straight Line

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less estimated residual value, over the economic life of that asset as follows:

Leasehold Property- 4% Straight Line
Fixtures & Fittings- 25% Reducing Balance
Equipment- 25% Reducing Balance
Motor vehicles- 25% Reducing Balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

ASHTON RECRUITMENT LIMITED (REGISTERED NUMBER: NI061824)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 140,000
AMORTISATION
At 1 December 2022
and 30 November 2023 140,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 3,261 82,183 85,444
DEPRECIATION
At 1 December 2022 1,430 59,221 60,651
Charge for year 130 5,740 5,870
At 30 November 2023 1,560 64,961 66,521
NET BOOK VALUE
At 30 November 2023 1,701 17,222 18,923
At 30 November 2022 1,831 22,962 24,793

ASHTON RECRUITMENT LIMITED (REGISTERED NUMBER: NI061824)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 165,871
Additions 114,438
At 30 November 2023 280,309
NET BOOK VALUE
At 30 November 2023 280,309
At 30 November 2022 165,871

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 744,996 842,206
Other debtors 3,921 3,314
748,917 845,520

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 2,799 7,434
Trade creditors 184,899 187,178
Taxation and social security 359,943 441,556
Other creditors 1,773 34,928
549,414 671,096

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The outstanding balance at 30th November 2020 of £3,897 was repaid to the company within 9 months of the year end.