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REGISTERED NUMBER: 04385611















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARION RECRUITMENT LIMITED

ARION RECRUITMENT LIMITED (REGISTERED NUMBER: 04385611)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARION RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N P J Flitcroft
R J Kusel
G J D Roberts





REGISTERED OFFICE: 5 Morie Street
Wandsworth Town
London
SW18 1SL





REGISTERED NUMBER: 04385611





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

ARION RECRUITMENT LIMITED (REGISTERED NUMBER: 04385611)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4,494 3,985

CURRENT ASSETS
Debtors 4 713,842 1,161,349
Cash at bank and in hand 231,531 621,938
945,373 1,783,287
CREDITORS
Amounts falling due within one year 5 192,645 781,100
NET CURRENT ASSETS 752,728 1,002,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

757,222

1,006,172

CREDITORS
Amounts falling due after more than one
year

6

(12,916

)

(22,969

)

PROVISIONS FOR LIABILITIES (1,124 ) (996 )
NET ASSETS 743,182 982,207

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 743,079 982,104
SHAREHOLDERS' FUNDS 743,182 982,207

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 directors acknowledge their 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:



G J D Roberts - Director N P J Flitcroft - Director



R J Kusel - Director


ARION RECRUITMENT LIMITED (REGISTERED NUMBER: 04385611)

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

1. 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 the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Turnover is presented gross of any
discounts offered to agents as a commission, but net of any value added tax.

For the rendering of services where a customer receives consideration over a period of more than one day,
turnover is recognised on a straight-line basis over the duration of the period of consideration.

For the rendering of services where a customer receives all the consideration of the sale on one day, turnover
is recognised on that day.

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
Computer equipment - 33% on cost

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

ARION RECRUITMENT LIMITED (REGISTERED NUMBER: 04385611)

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

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,285 8,265 9,550
Additions - 3,171 3,171
Disposals - (817 ) (817 )
At 31 March 2024 1,285 10,619 11,904
DEPRECIATION
At 1 April 2023 981 4,584 5,565
Charge for year 76 2,586 2,662
Eliminated on disposal - (817 ) (817 )
At 31 March 2024 1,057 6,353 7,410
NET BOOK VALUE
At 31 March 2024 228 4,266 4,494
At 31 March 2023 304 3,681 3,985

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 470,915 771,231
Directors' loan accounts 15,909 15,607
VAT 13,455 6,328
Accrued income 211,916 367,647
Prepayments 1,647 536
713,842 1,161,349

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,333 10,208
Trade creditors 128,382 171,141
Tax - 61,979
Social security and other taxes (16,082 ) 621
Other creditors 5,287 401,015
Accrued expenses 64,725 136,136
192,645 781,100

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,333 10,208
Bank loans - 2-5 years 2,583 12,761
12,916 22,969

ARION RECRUITMENT LIMITED (REGISTERED NUMBER: 04385611)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R J Kusel
Balance outstanding at start of year 4,999 4,999
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,999 4,999

G J D Roberts
Balance outstanding at start of year 5,249 4,999
Amounts advanced 330 250
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,579 5,249

N P J Flitcroft
Balance outstanding at start of year 5,359 4,999
Amounts advanced 1,510 360
Amounts repaid (1,538 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,331 5,359

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

During the year the company issued dividends as follows:

R J Kusel £71,446
G J D Roberts £72,805
N P J Flitcroft £72,125

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G J D Roberts and R J Kusel.

This was by virtue of their 99% holding of the issued share capital.