Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3152023-01-25falseProvision of services relating to specialist education recruitment0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14615275 2023-01-24 14615275 2023-01-25 2024-05-31 14615275 2022-01-25 2023-01-24 14615275 2024-05-31 14615275 2 2023-01-25 2024-05-31 14615275 d:Director1 2023-01-25 2024-05-31 14615275 e:ComputerEquipment 2023-01-25 2024-05-31 14615275 e:ComputerEquipment 2024-05-31 14615275 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-01-25 2024-05-31 14615275 e:CurrentFinancialInstruments 2024-05-31 14615275 e:CurrentFinancialInstruments e:WithinOneYear 2024-05-31 14615275 e:ShareCapital 2023-01-25 2024-05-31 14615275 e:ShareCapital 2024-05-31 14615275 e:OtherMiscellaneousReserve 2023-01-25 2024-05-31 14615275 e:OtherMiscellaneousReserve 2024-05-31 14615275 e:OtherMiscellaneousReserve 2 2023-01-25 2024-05-31 14615275 e:RetainedEarningsAccumulatedLosses 2023-01-25 2024-05-31 14615275 e:RetainedEarningsAccumulatedLosses 2024-05-31 14615275 e:RetainedEarningsAccumulatedLosses 2 2023-01-25 2024-05-31 14615275 d:OrdinaryShareClass1 2023-01-25 2024-05-31 14615275 d:OrdinaryShareClass1 2024-05-31 14615275 d:FRS102 2023-01-25 2024-05-31 14615275 d:AuditExempt-NoAccountantsReport 2023-01-25 2024-05-31 14615275 d:FullAccounts 2023-01-25 2024-05-31 14615275 d:PrivateLimitedCompanyLtd 2023-01-25 2024-05-31 14615275 f:PoundSterling 2023-01-25 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14615275










VOCATIONAL RECRUITMENT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
VOCATIONAL RECRUITMENT LTD
REGISTERED NUMBER: 14615275

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
4,603

  
4,603

Current assets
  

Debtors: amounts falling due within one year
 5 
19,769

Cash at bank and in hand
 6 
6,381

  
26,150

Creditors: amounts falling due within one year
 7 
(12,725)

Net current assets
  
 
 
13,425

Total assets less current liabilities
  
18,028

  

Net assets
  
18,028


Capital and reserves
  

Called up share capital 
 8 
1,000

Other reserves
 9 
390,815

Profit and loss account
 9 
(373,787)

  
18,028


Page 1

 
VOCATIONAL RECRUITMENT LTD
REGISTERED NUMBER: 14615275
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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: 




................................................
Richard James Morcombe
Director

Date: 23 October 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
VOCATIONAL RECRUITMENT LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Loss for the period
-
-
(373,787)
(373,787)


Contributions by and distributions to owners

Shares issued during the period
1,000
-
-
1,000

Capital contribution reserve
-
390,815
-
390,815


Total transactions with owners
1,000
390,815
-
391,815


At 31 May 2024
1,000
390,815
(373,787)
18,028

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
VOCATIONAL RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Vocational Recruitment Ltd is a private Company, limited by shares, incorporated in England and Wales. 
The registered office is Moorgate House, 201 Silbury Boulevard, Milton Keynes, MK9 1LZ. The trading address is 3 Siskin Drive, Middlemarch Business Park, Coventry, CV3 4FJ.

The Company was incorporated on 25 January 2023, therefore the financial statements represent a 16 month period ending 31 May 2024.
The functional and presentational currency is GBP, rounded to the nearest whole £.

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

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.

 
2.3

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

 
VOCATIONAL RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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:

Computer equipment
-
20%
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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 5

 
VOCATIONAL RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the
Page 6

 
VOCATIONAL RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 5.


4.


Tangible fixed assets





Computer equipment

£



Cost


Additions
5,460



At 31 May 2024

5,460



Depreciation


Charge for the period on owned assets
857



At 31 May 2024

857



Net book value



At 31 May 2024
4,603

Page 7

 
VOCATIONAL RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Debtors

2024
£


Trade debtors
14,169

Amounts owed by joint ventures and associated undertakings
751

Other debtors
1,683

Called up share capital not paid
249

Prepayments and accrued income
2,917

19,769



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
6,381



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
4,821

Other taxation and social security
3,652

Other creditors
2,252

Accruals and deferred income
2,000

12,725



8.


Share capital

2024
£
Allotted, called up and partly paid


1,000 Ordinary shares of £1.00 each
1,000

On incorporation, 1,000 Ordinary shares were issued at par.


Page 8

 
VOCATIONAL RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

9.


Reserves

Capital contribution reserve

The capital contribution reserve represents the capital contribution from the parent company on which no shares have been issued.

Profit and loss account

Profit and loss accounts reserves include all current and previous period retained profits and losses.


10.


Controlling party

The parent company is Educational Services Holdings Limited, a company registered in England and Wales. The ultimate controlling party is Adam Hayes.

 
Page 9