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REGISTERED NUMBER: 03119547 (England and Wales)












Audited Financial Statements

for the Year Ended 31 December 2023

for

CREATIVE RECRUITMENT LIMITED

CREATIVE RECRUITMENT LIMITED (REGISTERED NUMBER: 03119547)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CREATIVE RECRUITMENT LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Scally
J V Pitt





SECRETARY: J V Pitt





REGISTERED OFFICE: Suite 1, Eighth Floor
Intergen House
65-67 Western Road
Hove
BN3 2JQ





REGISTERED NUMBER: 03119547 (England and Wales)





AUDITORS: Chambers & Co Accountants LLP
Statutory Auditor
Suite 1, Eighth Floor,
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ

CREATIVE RECRUITMENT LIMITED (REGISTERED NUMBER: 03119547)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,184 3,674

CURRENT ASSETS
Debtors 5 1,177,802 1,882,902
Cash at bank and in hand 3,432,254 2,707,390
4,610,056 4,590,292
CREDITORS
Amounts falling due within one year 6 284,239 420,404
NET CURRENT ASSETS 4,325,817 4,169,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,332,001

4,173,562

PROVISIONS FOR LIABILITIES 7 1,383 719
NET ASSETS 4,330,618 4,172,843

CAPITAL AND RESERVES
Called up share capital 8 37,500 37,500
Retained earnings 4,293,118 4,135,343
SHAREHOLDERS' FUNDS 4,330,618 4,172,843

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 18 September 2024 and were signed on its behalf by:





J V Pitt - Director


CREATIVE RECRUITMENT LIMITED (REGISTERED NUMBER: 03119547)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Creative 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.

Turnover
Revenue is measured at the fair value of consideration received or receivable in respect of services supplied, excluding discounts, rebates, value added tax.

Revenues earned from temporary services (either gross chargeable value or the company's margin only) are recognised in the accounting period in which the services are provided.

Revenues earned from permanent placements are recognised on the date each candidate commences their new employment.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on tangible assets is calculated to allocate the depreciable amount to their residual values over their estimated useful lives, as follows:

Fixtures & equipment - 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.

Pension costs and other post-retirement benefits
The company contributes to 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.

CREATIVE RECRUITMENT LIMITED (REGISTERED NUMBER: 03119547)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
& equipmen
£   
COST
At 1 January 2023 8,942
Additions 3,951
At 31 December 2023 12,893
DEPRECIATION
At 1 January 2023 5,268
Charge for year 1,441
At 31 December 2023 6,709
NET BOOK VALUE
At 31 December 2023 6,184
At 31 December 2022 3,674

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 383,256 429,200
Amounts owed by group undertakings 724,807 1,384,958
Accrued income 69,739 68,744
1,177,802 1,882,902

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 114,511 132,513
Amounts owed to group undertakings - 25,588
Tax 33,293 58,452
Social security and other taxes 14,573 18,962
VAT 38,117 57,049
Accrued expenses 83,745 127,840
284,239 420,404

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation 1,383 719

CREATIVE RECRUITMENT LIMITED (REGISTERED NUMBER: 03119547)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 719
Accelerated capital allowances 664
Balance at 31 December 2023 1,383

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
37,500 Ordinary £1 37,500 37,500

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Chambers (Senior Statutory Auditor)
for and on behalf of Chambers & Co Accountants LLP

10. RELATED PARTY DISCLOSURES

During the year the company paid management fees amounting to £28,774 (2022: £39,121) to its parent company McGregor Boyall Associates Limited.

11. ULTIMATE PARENT COMPANY

The parent company is McGregor Boyall Associates Limited, which prepares consolidated accounts and whose registered office is at 2 Church Street, Brighton, BN1 1UJ.