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Registered number: 08108562
Stallion Recruitment Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
PB Financial Solutions Ltd
75 Cromer Road
Holt
NR25 6DY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08108562
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 132,023 292,205
Cash at bank and in hand 892,411 773,093
1,024,434 1,065,298
Creditors: Amounts Falling Due Within One Year 5 (77,428 ) (104,105 )
NET CURRENT ASSETS (LIABILITIES) 947,006 961,193
TOTAL ASSETS LESS CURRENT LIABILITIES 947,006 961,193
NET ASSETS 947,006 961,193
CAPITAL AND RESERVES
Called up share capital 6 102 102
Profit and Loss Account 946,904 961,091
SHAREHOLDERS' FUNDS 947,006 961,193
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William Proctor
Director
31/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stallion Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08108562 . The registered office is c/o Numbermill Focus 31 East Wing, Mark Road, Hemel Hempstead, Herts., HP2 7BW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 4 5
5 6
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Page 3
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 109,680 273,322
Prepayments and accrued income 21,876 18,883
Other debtors 467 -
132,023 292,205
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 630 23,065
Corporation tax 33,097 34,256
Other taxes and social security - 9,801
VAT 23,671 25,476
Accruals and deferred income 20,030 11,507
77,428 104,105
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
2 Preference Shares of £ 1 each 2 2
7. Ultimate Controlling Party
The company's ultimate controlling party is Mr W Proctor by virtue of his ownership of 90% of the issued share capital in the company.
Page 3