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Registration number: 04462246

Careerlink Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 30 June 2024

 

Careerlink Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Careerlink Limited

Company Information

Directors

S Benyon

J Benyon

M Ford

S L Harwood

Registered office

28 Birmingham Road
Walsall
West Midlands
WS1 2LT

Accountants

Davidson Stant Limited
The Glen
Knutsford Old Road
Stockton Heath
Warrington
WA4 2LD

 

Careerlink Limited

(Registration number: 04462246)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

150,768

173,757

Current assets

 

Debtors

4

1,746,529

1,441,193

Cash at bank and in hand

 

787,852

523,069

 

2,534,381

1,964,262

Creditors: Amounts falling due within one year

5

(2,137,411)

(1,576,464)

Net current assets

 

396,970

387,798

Total assets less current liabilities

 

547,738

561,555

Creditors: Amounts falling due after more than one year

5

(20,755)

(33,205)

Provisions for liabilities

(4,613)

(4,613)

Net assets

 

522,370

523,737

Capital and reserves

 

Called up share capital

6

10

10

Retained earnings

522,360

523,727

Shareholders' funds

 

522,370

523,737

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 November 2024 and signed on its behalf by:
 

 

Careerlink Limited

(Registration number: 04462246)
Balance Sheet as at 30 June 2024

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

S Benyon

Director

 

Careerlink Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

1

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Careerlink Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 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

Plant and Machinery

10% Straight line

Office Equipment

33% Straight line

Furniture and Fittings

15% Reducing balance

Short Leasehold

10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

 

Careerlink Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 32 (2023 - 26).

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

182,432

108,410

8,932

299,774

Additions

-

17,720

-

17,720

At 30 June 2024

182,432

126,130

8,932

317,494

Depreciation

At 1 April 2023

54,933

62,555

8,529

126,017

Charge for the period

22,804

17,820

85

40,709

At 30 June 2024

77,737

80,375

8,614

166,726

Carrying amount

At 30 June 2024

104,695

45,755

318

150,768

At 31 March 2023

127,499

45,855

403

173,757

Included within the net book value of land and buildings above is £104,694 (2023 - £127,498) in respect of short leasehold land and buildings.
 

4

Debtors

Current

2024
£

2023
£

Trade debtors

1,274,633

1,092,358

Prepayments

334,304

222,885

Other debtors

137,592

125,950

 

1,746,529

1,441,193

 

Careerlink Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

55,703

28,590

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

451,279

232,455

Taxation and social security

 

650,136

539,538

Accruals and deferred income

 

431,287

345,116

Other creditors

 

549,006

430,765

 

2,137,411

1,576,464

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

20,755

33,205

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

9

9

9

9

Ordinary of £1 each

1

1

1

1

10

10

10

10

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

20,755

33,205

 

Careerlink Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

8

Dividends

 

2024

2023

 

£

£

Interim dividend of £43,166.00 (2023 - £40,466.00) per ordinary share

431,665

404,662

9

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

At 30 June 2024
£

Directors' remuneration

The directors' remuneration for the period was as follows:

2024
£

2023
£

Remuneration

183,731

129,411

 

Careerlink Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

Summary of transactions with parent

Careerlink Holdings Limited
 
Dividends paid to the parent company Careerlink Holdings Limited totalled £431,665 (£404.662)

Amount due to related party at the balance sheet date £451,278 (£232,455)

 

10

Parent and ultimate parent undertaking

The company's immediate parent is Careerlink Holdings Limited, incorporated in United Kingdom.