IRIS Accounts Production v24.2.0.383 08361895 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083618952023-01-31083618952024-01-31083618952023-02-012024-01-31083618952022-01-31083618952022-02-012023-01-31083618952023-01-3108361895ns15:EnglandWales2023-02-012024-01-3108361895ns14:PoundSterling2023-02-012024-01-3108361895ns10:Director12023-02-012024-01-3108361895ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108361895ns10:SmallEntities2023-02-012024-01-3108361895ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108361895ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108361895ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108361895ns10:AbridgedAccounts2023-02-012024-01-3108361895ns10:Director22023-02-012024-01-3108361895ns10:RegisteredOffice2023-02-012024-01-3108361895ns5:CurrentFinancialInstruments2024-01-3108361895ns5:CurrentFinancialInstruments2023-01-3108361895ns5:Non-currentFinancialInstruments2024-01-3108361895ns5:Non-currentFinancialInstruments2023-01-3108361895ns5:ShareCapital2024-01-3108361895ns5:ShareCapital2023-01-3108361895ns5:RetainedEarningsAccumulatedLosses2024-01-3108361895ns5:RetainedEarningsAccumulatedLosses2023-01-31
REGISTERED NUMBER: 08361895 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

KMV Recruitment Ltd

KMV Recruitment Ltd (Registered number: 08361895)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


KMV Recruitment Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr K McVeigh
Mr M A McVeigh





REGISTERED OFFICE: 201 Vanguard Broadcasting Suite
Newport Road
Middlesbrough
TS1 5JA





REGISTERED NUMBER: 08361895 (England and Wales)






KMV Recruitment Ltd (Registered number: 08361895)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,138 4,818

CURRENT ASSETS
Debtors 57,743 66,764
Cash at bank 74,106 91,438
131,849 158,202
CREDITORS
Amounts falling due within one year 152,082 131,343
NET CURRENT (LIABILITIES)/ASSETS (20,233 ) 26,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,095

)

31,677

CREDITORS
Amounts falling due after more than one
year

5

10,222

15,301
NET (LIABILITIES)/ASSETS (29,317 ) 16,376

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (29,417 ) 16,276
SHAREHOLDERS' FUNDS (29,317 ) 16,376

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 July 2024 and were signed on its behalf by:





Mr K McVeigh - Director


KMV Recruitment Ltd (Registered number: 08361895)

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

1. STATUTORY INFORMATION

KMV Recruitment 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.

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.

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 332 (2023 - 178 ) .

KMV Recruitment Ltd (Registered number: 08361895)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 7,996
Disposals (4,495 )
At 31 January 2024 3,501
DEPRECIATION
At 1 February 2023 3,178
Charge for year 3,680
Eliminated on disposal (4,495 )
At 31 January 2024 2,363
NET BOOK VALUE
At 31 January 2024 1,138
At 31 January 2023 4,818

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bounce back loan 10,222 15,301

6. GOING CONCERN

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecast operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have given assurance to continue to provide adequate funds to meet its obligations and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.