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Electus Recruitment Solutions Limited

ANNUAL REPORT

YEAR ENDED 31 MARCH 2024




















Company Registration Number - 04636093

















AVENET ACCOUNTANCY




1.
Electus Recruitment Solutions Limited
COMPANY NUMBER - 04636093

Balance sheet as at 31 March 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS





Tangible assets 4
63,392
10,340

Current assets




Stocks
115,200
205,000

Debtors 5 183,138
274,242

Cash at bank and in hand
309,781
408,927




608,119
888,169
Current liabilities




Creditors - Amounts
falling due within one year 6 85,545
192,767


NET CURRENT ASSETS

522,574
695,402


Total assets less current liabilities

585,966
705,742






Creditors - Amounts falling

due after more than one year 6
(22,559)
(33,207)


Net assets

563,407
672,535














2.
Electus Recruitment Solutions Limited
COMPANY NUMBER - 04636093

Balance sheet as at 31 March 2024





2024
2023

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 7
32
32

Profit and Loss account

563,375
672,503


Shareholders' funds

563,407
672,535



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 March 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 20 December 2024
and signed on their behalf by:



Mr M Day Mr A Little




Director Director



The notes on pages 3 to 5 form an integral part of these accounts.


3.
Electus Recruitment Solutions Limited

Notes to the Financial Statements

For the year ended 31 March 2024


1. General Information

Electus Recruitment Solutions Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 04636093.


The company's registered office is This Workspace, 18 Albert Road, Bournemouth, Dorset BH1 1BZ.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


3. Employees

The average number employed by the company (including directors) during the year 2024 was 15
and in the previous year 2023 was 15.


4.
Electus Recruitment Solutions Limited

Notes to the Financial Statements

For the year ended 31 March 2024


4. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £


At 1 April 2023 76,903
Additions 53,052

At 31 March 2024 129,955

Depreciation
At 1 April 2023 66,563

At 31 March 2024 66,563

Net book values
At 31 March 2024 63,392
At 1 April 2023 10,340





2024
2023


£
£
5. Debtors

Due within one year:



Trade debtors 180,288
271,392
Other debtors 2,850
2,850



183,138
274,242





5.
Electus Recruitment Solutions Limited

Notes to the Financial Statements

For the year ended 31 March 2024




2024
2023


£
£
6. Creditors

Amounts falling due within one year:



Bank Loan (130)
(130)
Trade creditors 29,948
41,628
Other Creditors 650
650
Taxation and social security 53,204
149,370
Director's Current Accounts 1,873
1,249


85,545 192,767


Amounts falling due after one year:



Preference shares 2
2
Other creditors:



Other 22,557
33,205


22,559 33,207






7. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 32
32


Nobody has full control.