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REGISTERED NUMBER: 06133201 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ORCHARD RECRUITMENT SOLUTIONS LIMITED

ORCHARD RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06133201)






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


ORCHARD RECRUITMENT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr R Cade





SECRETARY: Mrs C E Cade





REGISTERED OFFICE: 8-10 Providence Street
Wakefield
Yorkshire
WF1 3BG





REGISTERED NUMBER: 06133201 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

ORCHARD RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06133201)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,769 85,678

CURRENT ASSETS
Debtors 5 1,456,301 1,650,934
Investments 6 20,833 -
Cash at bank 177,597 105,264
1,654,731 1,756,198
CREDITORS
Amounts falling due within one year 7 979,176 1,210,435
NET CURRENT ASSETS 675,555 545,763
TOTAL ASSETS LESS CURRENT LIABILITIES 776,324 631,441

CREDITORS
Amounts falling due after more than
one year

8

(115,177

)

(179,636

)

PROVISIONS FOR LIABILITIES (24,197 ) (20,252 )
NET ASSETS 636,950 431,553

CAPITAL AND RESERVES
Called up share capital 10 106 106
Share premium 9,024 9,024
Retained earnings 627,820 422,423
SHAREHOLDERS' FUNDS 636,950 431,553

ORCHARD RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06133201)

BALANCE SHEET - continued
31 MARCH 2024


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 his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 5 September 2024 and were signed by:





Mr R Cade - Director


ORCHARD RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06133201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Orchard Recruitment Solutions 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 financial statements are presented in sterling which is the functional currency of the currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from recruitment services is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

ORCHARD RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06133201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold improvements- 20% on cost
Fixtures & fittings- 25% reducing balance
Computer equipment- 25% reducing balance
Motor Vehicles- 25% 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.

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.

ORCHARD RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06133201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Share-based payment transactions
The cost and corresponding increase in equity in respect of equity-settled share-based payment transactions with employees are measured by reference to the fair value of equity instruments issued at the date of grant. Amounts are expensed on a straight line basis over the vesting period based on the estimate of shares that will eventually vest and adjusted for the effect of non market-based vesting conditions.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor Computer
improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 10,416 9,540 78,495 66,350 164,801
Additions - 35,203 - 2,444 37,647
Disposals - (8,474 ) - (21,224 ) (29,698 )
At 31 March 2024 10,416 36,269 78,495 47,570 172,750
DEPRECIATION
At 1 April 2023 9,151 8,023 10,466 51,483 79,123
Charge for year 690 1,260 13,606 3,302 18,858
Eliminated on disposal - (7,209 ) - (18,791 ) (26,000 )
At 31 March 2024 9,841 2,074 24,072 35,994 71,981
NET BOOK VALUE
At 31 March 2024 575 34,195 54,423 11,576 100,769
At 31 March 2023 1,265 1,517 68,029 14,867 85,678

ORCHARD RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06133201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,409,483 1,352,211
Other debtors 20,796 270,796
Prepayments 26,022 27,927
1,456,301 1,650,934

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Other investments 20,833 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 55,556 55,556
Hire purchase contracts (see note 9) 8,904 8,904
Trade creditors 13,204 28,373
Corporation tax 152,458 54,981
Social security and other taxes 25,624 27,075
VAT 85,933 88,538
Other creditors 482,481 916,575
Directors' current accounts 25,444 10,033
Accruals and deferred income 129,572 20,400
979,176 1,210,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 55,556 55,556
Bank loans - 2-5 years 13,889 69,444
Hire purchase contracts (see note 9) 45,732 54,636
115,177 179,636

ORCHARD RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06133201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 8,904 8,904
Between one and five years 45,732 54,636
54,636 63,540

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 29,467 29,467
Between one and five years 29,467 58,933
58,934 88,400

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
5,972 A Ordinary 1p 60 60
3,500 B Ordinary 1p 35 35
264 C Ordinary 1p 3 3
528 D Ordinary 1p 5 5
264 E Ordinary 1p 3 3
106 106

ORCHARD RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06133201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. 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:

31.3.24 31.3.23
£    £   
Mr R Cade
Balance outstanding at start of year - 9,124
Amounts advanced - 1,639
Amounts repaid - (10,763 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -