Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseRecruitment Company4644truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08904439 2023-01-01 2023-12-31 08904439 2022-01-01 2022-12-31 08904439 2023-12-31 08904439 2022-12-31 08904439 c:Director1 2023-01-01 2023-12-31 08904439 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 08904439 d:Buildings d:ShortLeaseholdAssets 2023-12-31 08904439 d:Buildings d:ShortLeaseholdAssets 2022-12-31 08904439 d:FurnitureFittings 2023-01-01 2023-12-31 08904439 d:FurnitureFittings 2023-12-31 08904439 d:FurnitureFittings 2022-12-31 08904439 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08904439 d:ComputerEquipment 2023-01-01 2023-12-31 08904439 d:ComputerEquipment 2023-12-31 08904439 d:ComputerEquipment 2022-12-31 08904439 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08904439 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08904439 d:CurrentFinancialInstruments 2023-12-31 08904439 d:CurrentFinancialInstruments 2022-12-31 08904439 d:Non-currentFinancialInstruments 2023-12-31 08904439 d:Non-currentFinancialInstruments 2022-12-31 08904439 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08904439 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08904439 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08904439 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08904439 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 08904439 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 08904439 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 08904439 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 08904439 d:ShareCapital 2023-12-31 08904439 d:ShareCapital 2022-12-31 08904439 d:SharePremium 2023-12-31 08904439 d:SharePremium 2022-12-31 08904439 d:RetainedEarningsAccumulatedLosses 2023-12-31 08904439 d:RetainedEarningsAccumulatedLosses 2022-12-31 08904439 c:FRS102 2023-01-01 2023-12-31 08904439 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08904439 c:FullAccounts 2023-01-01 2023-12-31 08904439 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08904439 2 2023-01-01 2023-12-31 08904439 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08904439










TPP RECRUITMENT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TPP RECRUITMENT LTD
REGISTERED NUMBER: 08904439

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,482
34,823

  
16,482
34,823

Current assets
  

Debtors: amounts falling due within one year
 5 
547,862
580,918

Cash at bank and in hand
 6 
341,825
737,853

  
889,687
1,318,771

Creditors: amounts falling due within one year
 7 
(1,149,965)
(1,087,257)

Net current (liabilities)/assets
  
 
 
(260,278)
 
 
231,514

Total assets less current liabilities
  
(243,796)
266,337

Creditors: amounts falling due after more than one year
 8 
(48,332)
(68,334)

Provisions for liabilities
  

Deferred tax
  
(2,325)
(2,325)

  
 
 
(2,325)
 
 
(2,325)

Net (liabilities)/assets
  
(294,453)
195,678


Capital and reserves
  

Called up share capital 
  
13
13

Share premium account
  
100,630
100,630

Profit and loss account
  
(395,096)
95,035

  
(294,453)
195,678

Page 1

 
TPP RECRUITMENT LTD
REGISTERED NUMBER: 08904439
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Jayne Morris
Director

Date: 24 September 2024

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
TPP RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

TPP Recruitment Limited is a company incorporated in England and Wales under the Companies Act 2006.  The place of business and registered office address are shown on the Company Information page within these annual accounts.
The principal activity of the company is specialist recruitment consultancy dedicated to supporting not for profit organisations, including charities, professional membership bodies and cultural institutions, as well as education, health and social care providers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Board of Directors of the Company is of the opinion that the accounts have been prepared on a going concern.
The Board of Directors has a reasonable expectation that the Company has adequate resources to continue its operations for a period of at least 12 months from the date that the financial statements are approved. The key method for assessing going concern is through the business planning process which considers profitability, liquidity and solvency. The business planning process considers the Company's business activities, together with factors likely to affect its future development, successful performance and position and key risks in the current economic climate. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TPP RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TPP RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the period of the lease
Fixtures and fittings
-
33% straight line
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
TPP RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 46 (2022 - 44).

Page 6

 
TPP RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
216,382
7,986
272,451
496,819


Additions
-
-
2,907
2,907



At 31 December 2023

216,382
7,986
275,358
499,726



Depreciation


At 1 January 2023
216,382
6,778
238,836
461,996


Charge for the year on owned assets
-
889
20,359
21,248



At 31 December 2023

216,382
7,667
259,195
483,244



Net book value



At 31 December 2023
-
319
16,163
16,482



At 31 December 2022
-
1,208
33,615
34,823

Page 7

 
TPP RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
450,400
495,347

Amounts owed by group undertakings
27,360
11,760

Other debtors
21,762
30,543

Prepayments and accrued income
48,340
43,268

547,862
580,918



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
341,825
737,853

341,825
737,853



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
20,000
20,000

Trade creditors
99,725
96,844

Other taxation and social security
605,820
531,289

Other creditors
149,372
100,987

Accruals and deferred income
275,048
338,137

1,149,965
1,087,257



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
48,332
68,334

48,332
68,334


Page 8

 
TPP RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 1-2 years

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 2-5 years

Bank loans
28,333
48,333


28,333
48,333


68,333
88,333



10.


Pension commitments

The Company contributes to defined contribution pension schemes. The assets of the schemes are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the funds and amounted to £48,271 (2022 - £46,920). Contributions totalling £18,557 were payable to the fund at the balance sheet date.


11.


Related party transactions

At the year end an amount of £27,360 (2022 - £11,760) was owed to the company by its parent company TPP Recruitment Group Limited. No interest has been charged on the loan and repayment terms had not been agreed at the balance sheet date.

 
Page 9