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REGISTERED NUMBER: 06527117 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Allaboutcareers Limited

Allaboutcareers Limited (Registered number: 06527117)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Allaboutcareers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P Harris
Mr J W Denton





REGISTERED OFFICE: Lytchett House
13 Freeland Park
Poole
Dorset
BH16 6FA





REGISTERED NUMBER: 06527117 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Allaboutcareers Limited (Registered number: 06527117)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 430,830 489,782
Tangible assets 6 7,488 8,058
438,318 497,840

CURRENT ASSETS
Debtors 7 974,676 1,050,478
Cash at bank and in hand 349,640 108,769
1,324,316 1,159,247
CREDITORS
Amounts falling due within one year 8 (932,620 ) (440,705 )
NET CURRENT ASSETS 391,696 718,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,014

1,216,382

CREDITORS
Amounts falling due after more than one
year

9

(15,109

)

(123,479

)

PROVISIONS FOR LIABILITIES (101,958 ) (101,958 )
NET ASSETS 712,947 990,945

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 84,862 84,862
Profit and loss account 627,685 905,683
SHAREHOLDERS' FUNDS 712,947 990,945

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 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.

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 30 January 2025 and were signed on its behalf by:




Mr P Harris - Director



Mr J W Denton - Director


Allaboutcareers Limited (Registered number: 06527117)

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

1. STATUTORY INFORMATION

Allaboutcareers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable from promotional work, stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company.

Other intangible assets
Other intangible assets are initially measured at cost. After initial recognition, other intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are 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 profit or loss.


Allaboutcareers Limited (Registered number: 06527117)

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

3. ACCOUNTING POLICIES - continued
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Employee benefits
Short term employee benefits, including contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Leasing
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 1,243,897
Disposals (321,166 )
At 31 March 2024 922,731
AMORTISATION
At 1 April 2023 754,115
Charge for year 20,569
Eliminated on disposal (282,783 )
At 31 March 2024 491,901
NET BOOK VALUE
At 31 March 2024 430,830
At 31 March 2023 489,782

Allaboutcareers Limited (Registered number: 06527117)

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

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 18,379
Additions 1,060
At 31 March 2024 19,439
DEPRECIATION
At 1 April 2023 10,321
Charge for year 1,630
At 31 March 2024 11,951
NET BOOK VALUE
At 31 March 2024 7,488
At 31 March 2023 8,058

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 172,233 155,401
Amounts owed by group undertakings 734,864 834,553
Other debtors 67,579 60,524
974,676 1,050,478

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,977 33,520
Amounts owed to group undertakings 90,401 53,595
Taxation and social security 220,809 223,293
Other creditors 615,433 130,297
932,620 440,705

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 15,109 123,479

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr P Harris
Balance outstanding at start of year - 52,680
Amounts advanced - 4,000
Amounts repaid - (56,680 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr J W Denton
Balance outstanding at start of year - 66,744
Amounts repaid - (66,744 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Allaboutcareers Limited (Registered number: 06527117)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The above loans are repayable on demand, unsecured and attract interest at 2.5%.

11. RELATED PARTY DISCLOSURES

Other loans are personally guaranteed by the directors.

12. ULTIMATE CONTROLLING PARTY

Allaboutgroup Holdings Ltd, registered number 10426880, is the company's immediate parent company.