AJ Chambers Recruitment Ltd 07355705 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a recruitment agency. Digita Accounts Production Advanced 6.30.9574.0 true true 07355705 2023-01-01 2023-12-31 07355705 2023-12-31 07355705 core:CurrentFinancialInstruments 2023-12-31 07355705 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07355705 core:Non-currentFinancialInstruments 2023-12-31 07355705 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 07355705 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07355705 core:FurnitureFittingsToolsEquipment 2023-12-31 07355705 bus:SmallEntities 2023-01-01 2023-12-31 07355705 bus:Audited 2023-01-01 2023-12-31 07355705 bus:FullAccounts 2023-01-01 2023-12-31 07355705 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07355705 bus:RegisteredOffice 2023-01-01 2023-12-31 07355705 bus:Director1 2023-01-01 2023-12-31 07355705 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07355705 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 07355705 core:FurnitureFittings 2023-01-01 2023-12-31 07355705 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 07355705 core:Non-standardPPEClass2ComponentTotalPropertyPlantEquipment 2023-01-01 2023-12-31 07355705 core:OfficeEquipment 2023-01-01 2023-12-31 07355705 core:ParentEntities 2023-01-01 2023-12-31 07355705 countries:EnglandWales 2023-01-01 2023-12-31 07355705 2022-12-31 07355705 core:FurnitureFittingsToolsEquipment 2022-12-31 07355705 2022-01-01 2022-12-31 07355705 2022-12-31 07355705 core:CurrentFinancialInstruments 2022-12-31 07355705 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 07355705 core:Non-currentFinancialInstruments 2022-12-31 07355705 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 07355705 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 07355705

AJ Chambers Recruitment Ltd

Report of the Directors and Financial Statements

for the Year Ended 31 December 2023

 

AJ Chambers Recruitment Ltd

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

 

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 12

 

AJ Chambers Recruitment Ltd

Company Information
for the Year Ended 31 December 2023

Director

Mr A Hilliard

Registered office

4 Roche Close
Rochford
Essex
SS4 1PX

Auditors

SCCA Ltd T/A Stafford & Co
3 The Studios
320 Chorley Old Road
Bolton
B11 4JU

 

AJ Chambers Recruitment Ltd

(Registration number: 07355705 )
Balance Sheet as at 31 December 2023

Note

Audited
2023
£

Unaudited
2022
£

Fixed assets

 

Intangible assets

4

7,120

-

Tangible assets

5

30,811

14,659

 

37,931

14,659

Current assets

 

Debtors

6

214,058

943,567

Cash at bank and in hand

 

378,544

294,667

 

592,602

1,238,234

Creditors: Amounts falling due within one year

7

(620,232)

(676,986)

Net current (liabilities)/assets

 

(27,630)

561,248

Total assets less current liabilities

 

10,301

575,907

Creditors: Amounts falling due after more than one year

7

-

(129,250)

Provisions for liabilities

(7,703)

(2,928)

Net assets

 

2,598

443,729

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,498

443,629

Shareholders' funds

 

2,598

443,729

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 Profit and Loss Account.

Approved and authorised by the director on 4 September 2024
 

 

AJ Chambers Recruitment Ltd

(Registration number: 07355705 )
Balance Sheet as at 31 December 2023

.........................................
Mr A Hilliard
Director

 

AJ Chambers Recruitment Ltd

Notes to the 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:
4 Roche Close
Rochford
Essex
SS4 1PX
England

These financial statements were authorised for issue by the director on 4 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

The financial statements have been prepared on a going concern basis.

 

AJ Chambers Recruitment Ltd

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

2

Accounting policies (continued)

Disclosure under section 444(5B) of the Companies Act 2006

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 28 June 2024 was Robert Stafford BA (Hons) FCA , who signed for and on behalf of SCCA Ltd T/A Stafford & Co.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

AJ Chambers Recruitment Ltd

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

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet 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

Fixtures and fittings

25% Reducing Balance

Office equipment

33% Straight Line

Intangible assets

Website development costs amortised over 5 years.

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.

 

AJ Chambers Recruitment Ltd

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

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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 the director) during the year, was 32 (2022 - 29).

 

AJ Chambers Recruitment Ltd

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

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

Additions acquired separately

8,900

8,900

At 31 December 2023

8,900

8,900

Amortisation

Amortisation charge

1,780

1,780

At 31 December 2023

1,780

1,780

Carrying amount

At 31 December 2023

7,120

7,120

 

AJ Chambers Recruitment Ltd

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

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

66,193

66,193

Additions

27,781

27,781

At 31 December 2023

93,974

93,974

Depreciation

At 1 January 2023

51,534

51,534

Charge for the year

11,629

11,629

At 31 December 2023

63,163

63,163

Carrying amount

At 31 December 2023

30,811

30,811

At 31 December 2022

14,659

14,659

6

Debtors

Current

2023
£

2022
£

Trade debtors

99,244

312,844

Prepayments

114,814

81,730

Other debtors

-

548,993

 

214,058

943,567

 

AJ Chambers Recruitment Ltd

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

-

50,000

Trade creditors

 

36,145

38,763

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

251,984

377,447

Taxation and social security

 

286,291

154,207

Accruals and deferred income

 

5,918

18,703

Other creditors

 

39,894

37,866

 

620,232

676,986

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

-

129,250

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

-

129,250

2023
£

2022
£

Current loans and borrowings

Bank borrowings

-

50,000

 

AJ Chambers Recruitment Ltd

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

9

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £3,972 (2022 - £1,623). relating to a defined contribution pension scheme.

10

Related party transactions

During the year AJ Chambers Recruitment Ltd were charged £123,970 (2022: £125,885) by Chambers Group Holdings Limited a 49% shareholder in respect of rent and recharged expenses.

At the year end a balance of £238,985 (2022: £377,447) was due to Chambers Group Holdings Limited a 49% shareholder.

At the year end a balance of £13,000 (2022: £0) was due to ETL Holdings (UK) Ltd a 51% shareholder in respect of unpaid dividends.

During the year AJ Chambers Recruitment Ltd were charged £2,687 (2022: £507) by Katy's Bistro Ltd an associated company in respect of entertainment and donations. AJ Chambers Recruitment Ltd charged Katy's Bistro Ltd £18,142 (2022: £29,331) an associated company in respect of recharged office expenses.

At the year end a balance of £20 (2022: £33,527) was due by Katy's Bistro Ltd an associated company.

 

AJ Chambers Recruitment Ltd

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

10

Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

27,432

87,249

Parent undertaking


The company's immediate parent is ETL Holdings (UK) Ltd, incorporated in England and Wales.
Registered office address:
No.1 Pavillion Square
Westhoughton
Bolton
BL5 3AJ