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REGISTERED NUMBER: 09598587 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ADEPTO TECHNICAL RECRUITMENT LIMITED

ADEPTO TECHNICAL RECRUITMENT LIMITED (REGISTERED NUMBER: 09598587)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


ADEPTO TECHNICAL RECRUITMENT LIMITED (REGISTERED NUMBER: 09598587)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,583 128,680

CURRENT ASSETS
Debtors 5 5,524,643 2,450,846
Cash at bank 792,440 1,330,203
6,317,083 3,781,049
CREDITORS
Amounts falling due within one year 6 5,808,457 3,005,795
NET CURRENT ASSETS 508,626 775,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,209

903,934

PROVISIONS FOR LIABILITIES 27,146 32,170
NET ASSETS 590,063 871,764

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 1,255 1,255
Retained earnings 588,706 870,407
SHAREHOLDERS' FUNDS 590,063 871,764

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ADEPTO TECHNICAL RECRUITMENT LIMITED (REGISTERED NUMBER: 09598587)

BALANCE SHEET - continued
31 MAY 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 Profit and loss account 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:




N L Bradley - Director



L D Knowles - Director


ADEPTO TECHNICAL RECRUITMENT LIMITED (REGISTERED NUMBER: 09598587)

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


1. STATUTORY INFORMATION

Adepto Technical Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09598587

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the life of the lease
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

ADEPTO TECHNICAL RECRUITMENT LIMITED (REGISTERED NUMBER: 09598587)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 174,734 18,869 32,639 226,242
Additions - 898 7,997 8,895
At 31 May 2024 174,734 19,767 40,636 235,137
DEPRECIATION
At 1 June 2023 68,931 15,080 13,551 97,562
Charge for year 16,904 2,285 9,803 28,992
At 31 May 2024 85,835 17,365 23,354 126,554
NET BOOK VALUE
At 31 May 2024 88,899 2,402 17,282 108,583
At 31 May 2023 105,803 3,789 19,088 128,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,646,723 1,884,661
Other debtors 3,452 -
Prepayments and accrued income 874,468 566,185
5,524,643 2,450,846

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 54
Trade creditors 2,089,779 1,265,069
Tax 247,756 220,752
Social security and other taxes 18,571 19,658
VAT 78,481 219,999
Other creditors 59,777 1,467
Factoring account 3,027,639 1,303,601
Accruals and deferred income 286,454 (24,805 )
5,808,457 3,005,795

ADEPTO TECHNICAL RECRUITMENT LIMITED (REGISTERED NUMBER: 09598587)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Factoring account 3,027,639 1,303,600

The factoring account is secured on the book debts of the company.

8. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at 31 May 2024 of Nil (2023: £5,750).

9. RELATED PARTY DISCLOSURES

During the year, the company paid rent of £50,075 (2023: £50,946) to a pension scheme of which Messrs. Knowles and Bradley are beneficiaries.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Knowles and Mr Bradley by virtue of their controlling shareholding in the company.