Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity3025truetruefalse 03713353 2023-07-01 2024-06-30 03713353 2022-07-01 2023-06-30 03713353 2024-06-30 03713353 2023-06-30 03713353 c:Director1 2023-07-01 2024-06-30 03713353 c:Director2 2023-07-01 2024-06-30 03713353 d:FurnitureFittings 2023-07-01 2024-06-30 03713353 d:FurnitureFittings 2024-06-30 03713353 d:FurnitureFittings 2023-06-30 03713353 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03713353 d:ComputerEquipment 2023-07-01 2024-06-30 03713353 d:ComputerEquipment 2024-06-30 03713353 d:ComputerEquipment 2023-06-30 03713353 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03713353 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03713353 d:CurrentFinancialInstruments 2024-06-30 03713353 d:CurrentFinancialInstruments 2023-06-30 03713353 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03713353 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03713353 d:ShareCapital 2024-06-30 03713353 d:ShareCapital 2023-06-30 03713353 d:RetainedEarningsAccumulatedLosses 2024-06-30 03713353 d:RetainedEarningsAccumulatedLosses 2023-06-30 03713353 c:FRS102 2023-07-01 2024-06-30 03713353 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03713353 c:FullAccounts 2023-07-01 2024-06-30 03713353 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03713353 2 2023-07-01 2024-06-30 03713353 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 03713353










Central Recruitment Services Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2024

 
Central Recruitment Services Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Central Recruitment Services Limited for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Central Recruitment Services Limited for the year ended 30 June 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Central Recruitment Services Limited, as a body, in accordance with the terms of our engagement letter dated 7 November 2024Our work has been undertaken solely to prepare for your approval the financial statements of Central Recruitment Services Limited and state those matters that we have agreed to state to the Board of directors of Central Recruitment Services Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Central Recruitment Services Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Central Recruitment Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Central Recruitment Services Limited. You consider that Central Recruitment Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Central Recruitment Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
London
7 January 2025
Page 1

 
Central Recruitment Services Limited
Registered number: 03713353

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,256
12,568

  
9,256
12,568

Current assets
  

Debtors: amounts falling due within one year
 5 
888,696
738,921

Cash at bank and in hand
  
1,852,056
1,604,181

  
2,740,752
2,343,102

Creditors: amounts falling due within one year
 6 
(799,221)
(659,188)

Net current assets
  
 
 
1,941,531
 
 
1,683,914

Total assets less current liabilities
  
1,950,787
1,696,482

Provisions for liabilities
  

Deferred tax
  
(1,532)
-

  
 
 
(1,532)
 
 
-

Net assets
  
1,949,255
1,696,482


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,949,155
1,696,382

  
1,949,255
1,696,482


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 January 2025.




C L Jones
P Nulty
Director
Director

The notes on pages 4 to 8 form part of these financial statements.
Page 2

 
Central Recruitment Services Limited
Registered number: 03713353

Balance sheet (continued)
As at 30 June 2024


Page 3

 
Central Recruitment Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

1.


General information

Central Recruitment Services Limited ("the company") is a private company limited by shares and was incorporated in England with the registration number 03713353. The address of the registered office is Studio 1.4 Islington Studios, Marlborough Road, London, N19 4NF.
The financial statements are presented in pounds Sterling, and rounded to the nearest pound. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
Central Recruitment Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
20%
straight line
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 5

 
Central Recruitment Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 25).

Page 6

 
Central Recruitment Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

4.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
1,622
56,280
57,902


Additions
306
5,178
5,484



At 30 June 2024

1,928
61,458
63,386



Depreciation


At 1 July 2023
1,622
43,712
45,334


Charge for the year on owned assets
36
8,760
8,796



At 30 June 2024

1,658
52,472
54,130



Net book value



At 30 June 2024
270
8,986
9,256



At 30 June 2023
-
12,568
12,568


5.


Debtors

2024
2023
£
£


Trade debtors
712,866
569,458

Other debtors
637
40,698

Prepayments and accrued income
175,193
127,897

Deferred taxation
-
868

888,696
738,921



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
88,006
61,869

Corporation tax
140,972
117,130

Other taxation and social security
427,702
364,468

Other creditors
28,556
29,735

Accruals and deferred income
113,985
85,986

799,221
659,188


Page 7

 
Central Recruitment Services Limited
 

 
Notes to the financial statements
For the Year Ended 30 June 2024

7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £106,282 (2023 - £125,865). Contributions totalling £18,950 (2023 - £14,569) were payable to the fund at the balance sheet date and are included in creditors.


Page 8