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Registered number: 02238421
Direct Recruitment Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 02238421
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,559 969
1,559 969
CURRENT ASSETS
Debtors 5 59,027 66,371
Cash at bank and in hand 206,047 219,793
265,074 286,164
Creditors: Amounts Falling Due Within One Year 6 (64,149 ) (63,376 )
NET CURRENT ASSETS (LIABILITIES) 200,925 222,788
TOTAL ASSETS LESS CURRENT LIABILITIES 202,484 223,757
NET ASSETS 202,484 223,757
CAPITAL AND RESERVES
Called up share capital 7 33 33
Capital redemption reserve 66 66
Income Statement 202,385 223,658
SHAREHOLDERS' FUNDS 202,484 223,757
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Miss Sarah Bloomfield
Director
14/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Direct Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02238421 . The registered office is 59-60 Russell Square, London, WC1B 4HP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 7,674
Additions 1,611
As at 30 April 2024 9,285
Depreciation
As at 1 May 2023 6,705
Provided during the period 1,021
As at 30 April 2024 7,726
...CONTINUED
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Page 4
Net Book Value
As at 30 April 2024 1,559
As at 1 May 2023 969
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 52,628 60,373
Prepayments and accrued income 6,399 5,998
59,027 66,371
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,531 27,007
Corporation tax 36,276 29,083
VAT 7,336 6,614
Other creditors 6 (228 )
Accruals and deferred income 1,000 900
64,149 63,376
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 33 33
8. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 4