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REGISTERED NUMBER: 11515358 (England and Wales)












SOM-3 RECRUITMENT LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2024






SOM-3 RECRUITMENT LIMITED (REGISTERED NUMBER: 11515358)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOM-3 RECRUITMENT LIMITED

Company Information
for the Year Ended 31 January 2024







Director: S O Morrisey





Registered office: 1 Knutsford Business Centre, Cranford Ho
Knutsford Business Park
Knutsford
Cheshire
WA16 8ZR





Registered number: 11515358 (England and Wales)





Accountants: Outsource-FD Limited t/a eFM
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

SOM-3 RECRUITMENT LIMITED (REGISTERED NUMBER: 11515358)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 512
Tangible assets 5 29,309 31,127
Investments 6 95,000 30,000
124,309 61,639

Current assets
Debtors 7 512,284 1,086,967
Prepayments and accrued income 22,831 85,655
Cash at bank 425,851 626,703
960,966 1,799,325
Creditors
Amounts falling due within one year 8 332,079 1,025,251
Net current assets 628,887 774,074
Total assets less current liabilities 753,196 835,713

Capital and reserves
Called up share capital 9 229 229
Share premium 10 99,971 99,971
Retained earnings 10 652,996 735,513
Shareholders' funds 753,196 835,713

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 9 October 2024 and were signed by:





S O Morrisey - Director


SOM-3 RECRUITMENT LIMITED (REGISTERED NUMBER: 11515358)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. Statutory information

Som-3 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.

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

Intangible assets
Intangible assets are stated at cost or valuation less amortisation. Amortisation is provided on all intangible assets as follows:

Website Cost 4.17 Years

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Fixtures and fittings: 3 Years (Straight Line)
Office Equipment: 5 Years (Straight Line)
Motor Vehicles: 5 Years (Straight Line)

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.

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.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 16 ) .

SOM-3 RECRUITMENT LIMITED (REGISTERED NUMBER: 11515358)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. Intangible fixed assets
Computer
software
£   
Cost
At 1 February 2023
and 31 January 2024 20,000
Amortisation
At 1 February 2023 19,488
Amortisation for year 512
At 31 January 2024 20,000
Net book value
At 31 January 2024 -
At 31 January 2023 512

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 February 2023 8,788 - 47,470 56,258
Additions 1,085 7,698 1,572 10,355
At 31 January 2024 9,873 7,698 49,042 66,613
Depreciation
At 1 February 2023 3,282 - 21,849 25,131
Charge for year 2,661 257 9,255 12,173
At 31 January 2024 5,943 257 31,104 37,304
Net book value
At 31 January 2024 3,930 7,441 17,938 29,309
At 31 January 2023 5,506 - 25,621 31,127

6. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
31/1/24 31/1/23
£    £   
Investment 95,000 30,000

7. Debtors
31/1/24 31/1/23
£    £   
Amounts falling due within one year:
Trade debtors 462,094 1,011,639
Other debtors - 479
Directors' loan accounts - 24,659
462,094 1,036,777

SOM-3 RECRUITMENT LIMITED (REGISTERED NUMBER: 11515358)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. Debtors - continued
31/1/24 31/1/23
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 50,190 50,190

Aggregate amounts 512,284 1,086,967

8. Creditors: amounts falling due within one year
31/1/24 31/1/23
£    £   
Trade creditors 249,656 555,763
Tax 15,717 137,423
Social security and other taxes 8,864 12,652
VAT 10,875 69,193
Other creditors 17,187 964
CC 2573 - Christopher William 142 -
CC 5957 - Steve Onno Morrrisey 3,978 -
Novuna Business Cash Flow - 248,306
Accruals 750 750
Deferred Income 24,910 200
332,079 1,025,251

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
22,900 Ordinary Shares 0.01 229 229

10. Reserves
Retained Share
earnings premium Totals
£    £    £   

At 1 February 2023 735,513 99,971 835,484
Deficit for the year (9,827 ) (9,827 )
Dividends (72,690 ) (72,690 )
At 31 January 2024 652,996 99,971 752,967