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Registration number: 13614870

Everpool Recruitment Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Everpool Recruitment Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Everpool Recruitment Limited

(Registration number: 13614870)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

33,374

-

Tangible assets

5

60,849

21,277

 

94,223

21,277

Current assets

 

Debtors

6

510,299

533,606

Cash at bank and in hand

 

771,600

965,935

 

1,281,899

1,499,541

Creditors: Amounts falling due within one year

7

(512,640)

(534,394)

Net current assets

 

769,259

965,147

Net assets

 

863,482

986,424

Capital and reserves

 

Called up share capital

1,250

1,250

Share premium reserve

99,750

99,750

Retained earnings

762,482

885,424

Shareholders' funds

 

863,482

986,424

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 17 September 2024 and signed on its behalf by:
 

.........................................
Mr R W Kavanagh
Director

.........................................
Mr G F Walsh
Director

 
     
 

Everpool Recruitment Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
St Hugh’s House
Trinity Road
Liverpool
L20 3QQ

These financial statements were authorised for issue by the Board on 17 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Everpool Recruitment Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% - 33.3% Straight-line

Fixtures and fittings

20% Straight-line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Database and website

33.3% Straight-line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Everpool Recruitment Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2022 - 26).

 

Everpool Recruitment Limited

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

4

Intangible assets

Database and website
 £

Total
£

Cost or valuation

Additions during the year

41,600

41,600

At 31 December 2023

41,600

41,600

Amortisation

Amortisation charge

8,226

8,226

At 31 December 2023

8,226

8,226

Carrying amount

At 31 December 2023

33,374

33,374

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

13,934

19,223

33,157

Additions

54,337

15,075

69,412

Disposals

(8,716)

(3,281)

(11,997)

At 31 December 2023

59,555

31,017

90,572

Depreciation

At 1 January 2023

4,841

7,039

11,880

Charge for the year

11,913

11,199

23,112

Eliminated on disposal

(3,797)

(1,472)

(5,269)

At 31 December 2023

12,957

16,766

29,723

Carrying amount

At 31 December 2023

46,598

14,251

60,849

At 31 December 2022

9,093

12,184

21,277

 

Everpool Recruitment Limited

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

6

Debtors

2023
£

2022
£

Trade debtors

443,778

427,255

Prepayments

64,092

103,922

Other debtors

2,429

2,429

510,299

533,606

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

61,911

85,492

Taxation and social security

344,698

380,241

Accruals and deferred income

102,904

65,836

Other creditors

3,127

2,825

512,640

534,394

8

Related party transactions

The company was incorporated as a subsidiary of Meridian Business Support Limited, which Mr R Kavanagh was a director until his resignation on 26 October 2021. When the company was incorporated the trade was transferred from Meridian Business Support Limited and ownership transferred to the current shareholders.