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REGISTERED NUMBER: 10025949 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Smarter Recruitment Services Ltd

Smarter Recruitment Services Ltd (Registered number: 10025949)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Smarter Recruitment Services Ltd (Registered number: 10025949)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 9,333
Tangible assets 5 1,700 2,000
9,700 11,333

CURRENT ASSETS
Debtors 6 360,973 251,887
Cash at bank and in hand 18,443 328
379,416 252,215
CREDITORS
Amounts falling due within one year 7 370,362 238,717
NET CURRENT ASSETS 9,054 13,498
TOTAL ASSETS LESS CURRENT LIABILITIES 18,754 24,831

CREDITORS
Amounts falling due after more than one year 8 (14,167 ) (24,167 )

PROVISIONS FOR LIABILITIES (323 ) (380 )
NET ASSETS 4,264 284

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,164 184
SHAREHOLDERS' FUNDS 4,264 284

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.

Smarter Recruitment Services Ltd (Registered number: 10025949)

Balance Sheet - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





Mr M H Heath - Director


Smarter Recruitment Services Ltd (Registered number: 10025949)

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

1. STATUTORY INFORMATION

Smarter Recruitment Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10025949

Registered office: 9 Queens Court
Newcastle Under Lyme
Staffordshire
ST5 1RW

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.

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

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Smarter Recruitment Services Ltd (Registered number: 10025949)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 13,333
AMORTISATION
At 1 February 2023 4,000
Amortisation for year 1,333
At 31 January 2024 5,333
NET BOOK VALUE
At 31 January 2024 8,000
At 31 January 2023 9,333

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 3,106
DEPRECIATION
At 1 February 2023 1,106
Charge for year 300
At 31 January 2024 1,406
NET BOOK VALUE
At 31 January 2024 1,700
At 31 January 2023 2,000

Smarter Recruitment Services Ltd (Registered number: 10025949)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 164,532 138,794
Other debtors 196,441 113,093
360,973 251,887

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 11,995 2,425
Taxation and social security 179,796 100,089
Other creditors 168,571 126,203
370,362 238,717

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,167 24,167

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Business Finance 154,377 109,757

The debt is secured by means of a fixed and floating charge over the assets and undertaking of the company.

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £12,000 (2023 £24,000). This financial commitment represents a rental lease which ends in 2025.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mrs S E Heath
Balance outstanding at start of year 47,939 4,263
Amounts advanced 35,706 51,153
Amounts repaid (14,100 ) (7,477 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,545 47,939

Smarter Recruitment Services Ltd (Registered number: 10025949)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr M H Heath
Balance outstanding at start of year 47,940 3,216
Amounts advanced 69,548 58,052
Amounts repaid (16,104 ) (13,328 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 101,384 47,940

Amounts to be repaid within 9 months of year end.