Silverfin false false 31/03/2024 28/03/2023 31/03/2024 Mr P Drew 28/03/2023 Mr A Macleod 28/03/2023 Mr D Risby 28/03/2023 29 November 2024 The company was incorporated on 28 March 2023. The principal activity of the company during the financial period is providing recruitment services. 14764227 2024-03-31 14764227 bus:Director1 2024-03-31 14764227 bus:Director2 2024-03-31 14764227 bus:Director3 2024-03-31 14764227 core:CurrentFinancialInstruments 2024-03-31 14764227 core:ShareCapital 2024-03-31 14764227 core:RetainedEarningsAccumulatedLosses 2024-03-31 14764227 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-03-27 14764227 2023-03-27 14764227 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-03-31 14764227 core:OfficeEquipment 2023-03-27 14764227 core:OfficeEquipment 2024-03-31 14764227 bus:OrdinaryShareClass1 2024-03-31 14764227 2023-03-28 2024-03-31 14764227 bus:FilletedAccounts 2023-03-28 2024-03-31 14764227 bus:SmallEntities 2023-03-28 2024-03-31 14764227 bus:AuditExemptWithAccountantsReport 2023-03-28 2024-03-31 14764227 bus:PrivateLimitedCompanyLtd 2023-03-28 2024-03-31 14764227 bus:Director1 2023-03-28 2024-03-31 14764227 bus:Director2 2023-03-28 2024-03-31 14764227 bus:Director3 2023-03-28 2024-03-31 14764227 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-03-28 2024-03-31 14764227 core:OfficeEquipment 2023-03-28 2024-03-31 14764227 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-03-28 2024-03-31 14764227 bus:OrdinaryShareClass1 2023-03-28 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14764227 (England and Wales)

WOLF TECHNICAL RECRUITMENT LTD

Unaudited Financial Statements
For the financial period from 28 March 2023 to 31 March 2024
Pages for filing with the registrar

WOLF TECHNICAL RECRUITMENT LTD

Unaudited Financial Statements

For the financial period from 28 March 2023 to 31 March 2024

Contents

WOLF TECHNICAL RECRUITMENT LTD

BALANCE SHEET

As at 31 March 2024
WOLF TECHNICAL RECRUITMENT LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Intangible assets 3 1,063
Tangible assets 4 1,749
2,812
Current assets
Debtors 5 1,803
Cash at bank and in hand 73,161
74,964
Creditors: amounts falling due within one year 6 ( 45,862)
Net current assets 29,102
Total assets less current liabilities 31,914
Provision for liabilities ( 700)
Net assets 31,214
Capital and reserves
Called-up share capital 7 3
Profit and loss account 31,211
Total shareholders' funds 31,214

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

Directors' responsibilities:

The financial statements of Wolf Technical Recruitment Ltd (registered number: 14764227) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

Mr P Drew
Director
Mr D Risby
Director
Mr A Macleod
Director
WOLF TECHNICAL RECRUITMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 28 March 2023 to 31 March 2024
WOLF TECHNICAL RECRUITMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 28 March 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Wolf Technical Recruitment Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
28.03.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 1

3. Intangible assets

Website costs Total
£ £
Cost
At 28 March 2023 0 0
Additions 1,595 1,595
At 31 March 2024 1,595 1,595
Accumulated amortisation
At 28 March 2023 0 0
Charge for the financial period 532 532
At 31 March 2024 532 532
Net book value
At 31 March 2024 1,063 1,063

4. Tangible assets

Office equipment Total
£ £
Cost
At 28 March 2023 0 0
Additions 2,058 2,058
At 31 March 2024 2,058 2,058
Accumulated depreciation
At 28 March 2023 0 0
Charge for the financial period 309 309
At 31 March 2024 309 309
Net book value
At 31 March 2024 1,749 1,749

5. Debtors

31.03.2024
£
Trade debtors 1,800
Other debtors 3
1,803

6. Creditors: amounts falling due within one year

31.03.2024
£
Corporation tax 16,122
Other taxation and social security 27,674
Other creditors 2,066
45,862

7. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each 3