Recruit On Tim.e Limited 11266720 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is recruitment agency Digita Accounts Production Advanced 6.30.9574.0 true 11266720 2023-04-01 2024-03-31 11266720 2024-03-31 11266720 bus:Director1 1 2024-03-31 11266720 core:RetainedEarningsAccumulatedLosses 2024-03-31 11266720 core:ShareCapital 2024-03-31 11266720 core:CurrentFinancialInstruments 2024-03-31 11266720 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11266720 core:Non-currentFinancialInstruments 2024-03-31 11266720 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11266720 core:FurnitureFittings 2024-03-31 11266720 core:OfficeEquipment 2024-03-31 11266720 bus:SmallEntities 2023-04-01 2024-03-31 11266720 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11266720 bus:FullAccounts 2023-04-01 2024-03-31 11266720 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11266720 bus:RegisteredOffice 2023-04-01 2024-03-31 11266720 bus:Director1 2023-04-01 2024-03-31 11266720 bus:Director1 1 2023-04-01 2024-03-31 11266720 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11266720 bus:Agent1 2023-04-01 2024-03-31 11266720 core:ComputerEquipment 2023-04-01 2024-03-31 11266720 core:FurnitureFittings 2023-04-01 2024-03-31 11266720 core:OfficeEquipment 2023-04-01 2024-03-31 11266720 countries:EnglandWales 2023-04-01 2024-03-31 11266720 2023-03-31 11266720 bus:Director1 1 2023-03-31 11266720 core:FurnitureFittings 2023-03-31 11266720 core:OfficeEquipment 2023-03-31 11266720 2022-04-01 2023-03-31 11266720 2023-03-31 11266720 core:RetainedEarningsAccumulatedLosses 2023-03-31 11266720 core:ShareCapital 2023-03-31 11266720 core:CurrentFinancialInstruments 2023-03-31 11266720 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11266720 core:Non-currentFinancialInstruments 2023-03-31 11266720 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11266720 core:FurnitureFittings 2023-03-31 11266720 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Company registration number: 11266720

Recruit On Tim.e Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Recruit On Tim.e Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Recruit On Tim.e Limited

Company Information

Director

Mr T S Elliott

Registered office

48 Highland Drive
Buckshaw Village
Chorley
Lancs
PR7 7AD

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Recruit On Tim.e Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Recruit On Tim.e Limited for the year ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Recruit On Tim.e Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Recruit On Tim.e Limited and state those matters that we have agreed to state to the Board of Directors of Recruit On Tim.e Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Recruit On Tim.e Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Recruit On Tim.e Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Recruit On Tim.e Limited. You consider that Recruit On Tim.e Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Recruit On Tim.e Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

6 November 2024

 

Recruit On Tim.e Limited

(Registration number: 11266720)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,313

8,878

Current assets

 

Debtors

5

28,099

85,712

Cash at bank and in hand

 

15,133

40,201

 

43,232

125,913

Creditors: Amounts falling due within one year

6

(19,186)

(93,247)

Net current assets

 

24,046

32,666

Total assets less current liabilities

 

33,359

41,544

Creditors: Amounts falling due after more than one year

6

(30,115)

(35,566)

Provisions for liabilities

(2,328)

(1,686)

Net assets

 

916

4,292

Capital and reserves

 

Called up share capital

1

1

Retained earnings

915

4,291

Shareholders' funds

 

916

4,292

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Recruit On Tim.e Limited

(Registration number: 11266720)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 November 2024
 

.........................................
Mr T S Elliott
Director

   
     
 

Recruit On Tim.e Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
48 Highland Drive
Buckshaw Village
Chorley
Lancs
PR7 7AD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. The deferred tax has not been discounted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

Recruit On Tim.e Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Computer equipment

33% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Recruit On Tim.e Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 April 2023

13,511

4,836

18,347

Additions

2,350

-

2,350

At 31 March 2024

15,861

4,836

20,697

Depreciation

At 1 April 2023

4,905

4,564

9,469

Charge for the year

1,643

272

1,915

At 31 March 2024

6,548

4,836

11,384

Carrying amount

At 31 March 2024

9,313

-

9,313

At 31 March 2023

8,606

272

8,878

5

Debtors

2024
£

2023
£

Trade debtors

-

85,712

Other debtors

28,099

-

28,099

85,712

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

6,238

6,238

Trade creditors

 

2,855

6,417

Corporation tax

 

4,452

7,104

Other creditors

 

5,641

73,488

 

19,186

93,247

 

Recruit On Tim.e Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

30,115

35,566

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

30,115

35,566

2024
£

2023
£

Current loans and borrowings

Bank borrowings

6,238

6,238

8

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr T S Elliott

Directors loan account

-

47,292

(25,497)

21,795

         
       

 

The above loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis.