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REGISTERED NUMBER: 04659646 (England and Wales)















Absolute Sales and Marketing Recruitment
Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Absolute Sales and Marketing Recruitment
Limited (Registered number: 04659646)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Absolute Sales and Marketing Recruitment
Limited

Company Information
for the Year Ended 31 March 2024







Director: Angela Savina Newton





Secretary: Adelina Lacovelli





Registered office: Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY





Registered number: 04659646 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Absolute Sales and Marketing Recruitment
Limited (Registered number: 04659646)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 183 539

Current assets
Debtors 5 23,865 7,147
Cash at bank 33,668 59,244
57,533 66,391
Creditors
Amounts falling due within one year 6 41,601 35,303
Net current assets 15,932 31,088
Total assets less current liabilities 16,115 31,627

Creditors
Amounts falling due after more than
one year

7

(6,485

)

(11,184

)

Provisions for liabilities 8 (46 ) (113 )
Net assets 9,584 20,330

Capital and reserves
Called up share capital 9 100 100
Retained earnings 9,484 20,230
Shareholders' funds 9,584 20,330

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.

Absolute Sales and Marketing Recruitment
Limited (Registered number: 04659646)

Statement of Financial Position - 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 1 November 2024 and were signed by:





Angela Savina Newton - Director


Absolute Sales and Marketing Recruitment
Limited (Registered number: 04659646)

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

1. Statutory information

Absolute Sales and Marketing Recruitment Limited 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 is measured at the fair value of the consideration receivable for recruitment services rendered net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Absolute Sales and Marketing Recruitment
Limited (Registered number: 04659646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued

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 2 (2023 - 2 ) .

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 April 2023
and 31 March 2024 1,923
Depreciation
At 1 April 2023 1,384
Charge for year 356
At 31 March 2024 1,740
Net book value
At 31 March 2024 183
At 31 March 2023 539

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 22,917 6,250
Other debtors 948 897
23,865 7,147

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loan 4,850 5,000
Trade creditors 1 1
Taxation and social security 15,152 5,882
Other creditors 21,598 24,420
41,601 35,303

Absolute Sales and Marketing Recruitment
Limited (Registered number: 04659646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan 6,485 11,184

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 46 113

Deferred
tax
£   
Balance at 1 April 2023 113
Credit to Statement of Income and Retained Earnings during year (67 )
Balance at 31 March 2024 46

9. Called up share capital

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