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REGISTERED NUMBER: 06501392 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

JADE RECRUITMENT LIMITED

JADE RECRUITMENT LIMITED (REGISTERED NUMBER: 06501392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JADE RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs F J Farley
J Farley
A Spooner





SECRETARY: Mrs F J Farley





REGISTERED OFFICE: Reigate Business Centre Suite 11
1st Floor, 7-11 High Street
Reigate
Surrey
RH2 9AA





REGISTERED NUMBER: 06501392 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA

JADE RECRUITMENT LIMITED (REGISTERED NUMBER: 06501392)

BALANCE SHEET
31ST MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,086 4,687
10,086 4,687

CURRENT ASSETS
Debtors 6 91,668 88,974
Cash in hand 22 155
91,690 89,129
CREDITORS
Amounts falling due within one year 7 123,791 132,932
NET CURRENT LIABILITIES (32,101 ) (43,803 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,015

)

(39,116

)

CREDITORS
Amounts falling due after more than one
year

8

17,364

27,442
NET LIABILITIES (39,379 ) (66,558 )

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (39,499 ) (66,678 )
SHAREHOLDERS' FUNDS (39,379 ) (66,558 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

JADE RECRUITMENT LIMITED (REGISTERED NUMBER: 06501392)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st October 2024 and were signed on its behalf by:





Mrs F J Farley - Director


JADE RECRUITMENT LIMITED (REGISTERED NUMBER: 06501392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Jade 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.

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.

The accounts have been prepared on a going concern basis as the directors have a reasonable expectation that the company will generate a future income stream to support the continued operational existence.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of nine years.

The goodwill acquired in 2008 has now been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - between 10% and 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

JADE RECRUITMENT LIMITED (REGISTERED NUMBER: 06501392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 84 (2023 - 75 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 170,982
AMORTISATION
At 1st April 2023
and 31st March 2024 170,982
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 208 15,173 45,030 60,411
Additions - 2,755 5,319 8,074
At 31st March 2024 208 17,928 50,349 68,485
DEPRECIATION
At 1st April 2023 104 14,700 40,920 55,724
Charge for year 52 651 1,972 2,675
At 31st March 2024 156 15,351 42,892 58,399
NET BOOK VALUE
At 31st March 2024 52 2,577 7,457 10,086
At 31st March 2023 104 473 4,110 4,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 54,507 48,617
Other debtors 37,161 40,357
91,668 88,974

JADE RECRUITMENT LIMITED (REGISTERED NUMBER: 06501392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 85,053 74,123
Trade creditors 2,775 2,426
Taxation and social security 27,587 52,708
Other creditors 8,376 3,675
123,791 132,932

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 17,364 27,442

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/3/24 31/3/23
£    £   
Mrs F J Farley
Balance outstanding at start of year 18,214 15,851
Amounts advanced - 4,113
Amounts repaid (2,363 ) (1,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,851 18,214

J Farley
Balance outstanding at start of year 9,969 9,518
Amounts advanced - 2,801
Amounts repaid (451 ) (2,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,518 9,969

A Spooner
Balance outstanding at start of year 1,558 -
Amounts advanced - 1,558
Amounts repaid (1,558 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,558