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REGISTERED NUMBER: 08813416 (England and Wales)













ADORE RECRUITMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


ADORE RECRUITMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs S Clark





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 08813416 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,874
Tangible assets 5 15,687 22,552
15,687 24,426

CURRENT ASSETS
Debtors 6 984,355 943,724
Cash at bank and in hand 18,743 31,574
1,003,098 975,298
CREDITORS
Amounts falling due within one year 7 675,757 655,175
NET CURRENT ASSETS 327,341 320,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,028

344,549

CREDITORS
Amounts falling due after more than one
year

8

(32,479

)

(37,672

)

PROVISIONS FOR LIABILITIES (3,562 ) (3,782 )
NET ASSETS 306,987 303,095

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 306,787 302,895
SHAREHOLDERS' FUNDS 306,987 303,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mrs S Clark - Director


ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Adore Recruitment 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 represents net invoiced sales of services, excluding value added tax (having regard to the fulfilment of contractual obligations).

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 114 (2023 - 149 ) .

ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 37,443
AMORTISATION
At 1 April 2023 35,569
Charge for year 1,874
At 31 March 2024 37,443
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,874

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 27,029 2,995 21,346 51,370
Additions - - 1,906 1,906
Disposals - (2,995 ) (428 ) (3,423 )
At 31 March 2024 27,029 - 22,824 49,853
DEPRECIATION
At 1 April 2023 16,673 935 11,210 28,818
Charge for year 2,589 387 3,717 6,693
Eliminated on disposal - (1,322 ) (23 ) (1,345 )
At 31 March 2024 19,262 - 14,904 34,166
NET BOOK VALUE
At 31 March 2024 7,767 - 7,920 15,687
At 31 March 2023 10,356 2,060 10,136 22,552

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 587,493 598,043
Amounts owed by group undertakings 325,335 321,335
Other debtors 71,527 24,346
984,355 943,724

ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 212,606 362,851
Trade creditors 7,644 6,667
Amounts owed to associates 153,135 -
Taxation and social security 239,129 221,596
Other creditors 63,243 64,061
675,757 655,175

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 32,479 37,672

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,299 14,368

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1 April 2023 302,895
Profit for the year 106,532
Dividends (102,640 )
At 31 March 2024 306,787

11. RELATED PARTY DISCLOSURES

The company paid dividends of £106,240 (2023 - £69,000). The company is owed £325,335 (2023 - £321,335) by its parent Surrogate Holdings Limited.

A company controlled by Mrs Clark Clarks Construction Services has assisted with working capital. Interest is charged at 5% on the outstanding balance. Interest charged in the year was £3,135 (2023 - £nil). The balance outstanding at the year end was £153.135 (2023 - £nil)..

ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. ULTIMATE CONTROLLING PARTY

The controlling party is Surrogate Holdings Limited.

The ultimate controlling party is Mrs S Clark.