ONYX RECRUITMENT ASSOCIATES LIMITED

Company Registration Number:
12776372 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

ONYX RECRUITMENT ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

ONYX RECRUITMENT ASSOCIATES LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 1,500 1,750
Tangible assets: 4 1,532 2,425
Total fixed assets: 3,032 4,175
Current assets
Debtors:   4,745 14,384
Cash at bank and in hand:   5,409
Total current assets: 4,745 19,793
Creditors: amounts falling due within one year:   (25,998) (23,087)
Net current assets (liabilities): (21,253) (3,294)
Total assets less current liabilities: (18,221) 881
Provision for liabilities: (291) (824)
Total net assets (liabilities): (18,512) 57
Capital and reserves
Called up share capital: 10 10
Profit and loss account: (18,522) 47
Shareholders funds: (18,512) 57

The notes form part of these financial statements

ONYX RECRUITMENT ASSOCIATES LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 October 2024
and signed on behalf of the board by:

Name: Mrs Michelle Theuma
Status: Director

The notes form part of these financial statements

ONYX RECRUITMENT ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures, fittings & equipment - 20% straight line

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill - 10% straight line

ONYX RECRUITMENT ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

ONYX RECRUITMENT ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible Assets

Total
Cost £
At 01 August 2023 2,500
At 31 July 2024 2,500
Amortisation
At 01 August 2023 750
Charge for year 250
At 31 July 2024 1,000
Net book value
At 31 July 2024 1,500
At 31 July 2023 1,750

ONYX RECRUITMENT ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 4,465
At 31 July 2024 4,465
Depreciation
At 01 August 2023 2,040
Charge for year 893
At 31 July 2024 2,933
Net book value
At 31 July 2024 1,532
At 31 July 2023 2,425

ONYX RECRUITMENT ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Related party transactions

Name of the related party: Michelle Theuma
Relationship:
Director
Description of the Transaction: Business expenses paid personally by director
£
Balance at 01 August 2023 0
Balance at 31 July 2024 5,472
Name of the related party: Concept Personnel Limited
Relationship:
Holding Company
Description of the Transaction: Funds introduced by holding company to assist cashflow
£
Balance at 01 August 2023 0
Balance at 31 July 2024 15,350