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REGISTERED NUMBER: 12691130 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Recruit Ins Ltd

Recruit Ins Ltd (Registered number: 12691130)

Contents of the Financial Statements
for the year ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Recruit Ins Ltd

Company Information
for the year ended 30th June 2024







DIRECTOR: Mr S Watters





SECRETARY:





REGISTERED OFFICE: 1 Haylock Drive
Bishops Stortford
Hertfordshire
CM2 3ZH





REGISTERED NUMBER: 12691130 (England and Wales)





ACCOUNTANT: Paul David Nurton
Chartered Certified Accountant
2 Pinns Cottage
Rodhuish
Exmoor
Minehead
Somerset
TA24 6QL

Recruit Ins Ltd (Registered number: 12691130)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,005 7,844

CURRENT ASSETS
Debtors 5 24,780 24,018
Cash at bank and in hand 58,007 78,937
82,787 102,955
CREDITORS
Amounts falling due within one year 6 21,141 31,690
NET CURRENT ASSETS 61,646 71,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,651

79,109

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 70,650 79,108
SHAREHOLDERS' FUNDS 70,651 79,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th October 2024 and were signed by:




Mr S Watters - Director


Recruit Ins Ltd (Registered number: 12691130)

Notes to the Financial Statements
for the year ended 30th June 2024


1. STATUTORY INFORMATION

Recruit Ins Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Recruit Ins Ltd (Registered number: 12691130)

Notes to the Financial Statements - continued
for the year ended 30th June 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st July 2023 2,300 5,823 3,186 11,309
Additions 2,400 1,516 - 3,916
At 30th June 2024 4,700 7,339 3,186 15,225
DEPRECIATION
At 1st July 2023 230 866 2,369 3,465
Charge for year 470 1,468 817 2,755
At 30th June 2024 700 2,334 3,186 6,220
NET BOOK VALUE
At 30th June 2024 4,000 5,005 - 9,005
At 30th June 2023 2,070 4,957 817 7,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,780 -
Other debtors - 24,018
24,780 24,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,069 1,976
Taxation and social security 10,145 25,114
Other creditors 2,927 4,600
21,141 31,690

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

Recruit Ins Ltd (Registered number: 12691130)

Notes to the Financial Statements - continued
for the year ended 30th June 2024


8. RESERVES
Retained
earnings
£   

At 1st July 2023 79,108
Profit for the year 21,542
Dividends (30,000 )
At 30th June 2024 70,650

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
Mr S Watters
Balance outstanding at start of year 24,018 -
Amounts advanced - 24,018
Amounts repaid (24,018 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,018