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Registered number: 05937666










Marton Recruitment Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
Marton Recruitment Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Marton Recruitment Limited for the year ended 30 September 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 Marton Recruitment Limited for the year ended 30 September 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 Marton Recruitment Limited, as a body, in accordance with the terms of our engagement letter dated 13 December 2022Our work has been undertaken solely to prepare for your approval the financial statements of Marton Recruitment Limited and state those matters that we have agreed to state to the Board of directors of Marton Recruitment 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 Marton Recruitment Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Marton Recruitment 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 Marton Recruitment Limited. You consider that Marton Recruitment 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 Marton Recruitment 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
Canterbury
7 February 2025
Page 1

 
Marton Recruitment Limited
Registered number: 05937666

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,883
1,423

  
3,883
1,423

Current assets
  

Debtors: amounts falling due within one year
 6 
171,978
131,618

Cash at bank and in hand
  
271,036
376,920

  
443,014
508,538

Creditors: amounts falling due within one year
 7 
(175,121)
(173,989)

Net current assets
  
 
 
267,893
 
 
334,549

Total assets less current liabilities
  
271,776
335,972

Provisions for liabilities
  

Deferred tax
 8 
(971)
(491)

  
 
 
(971)
 
 
(491)

Net assets
  
270,805
335,481


Capital and reserves
  

Called up share capital 
 9 
600
600

Profit and loss account
  
270,205
334,881

  
270,805
335,481


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 income and retained earnings 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 by: 

Andrew Knight
Director
Date: 7 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
Marton Recruitment Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

Marton Recruitment Limited is a private company limited by shares and is incorporated in England with the registration number 05937666. The address of the registered office is 22 Church Yard, Ashford, Kent, TN23 1QG.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements have been presented in sterling (£).
The financial statements are rounded to the nearest pound.

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

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.


Page 3

 
Marton Recruitment Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.4

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Office furniture and equipment
-
20% 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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
Marton Recruitment Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.9

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.10

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 profit or loss 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.

 
2.11

Interest income

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

 
2.12

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 80 (2023 - 75).

Page 5

 
Marton Recruitment Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
300,000



At 30 September 2024

300,000



Amortisation


At 1 October 2023
300,000



At 30 September 2024

300,000



Net book value



At 30 September 2024
-



At 30 September 2023
-




5.


Tangible fixed assets





Office furniture & equipment

£



Cost or valuation


At 1 October 2023
59,331


Additions
3,831



At 30 September 2024

63,162



Depreciation


At 1 October 2023
57,908


Charge for the year on owned assets
1,371



At 30 September 2024

59,279



Net book value



At 30 September 2024
3,883



At 30 September 2023
1,423

Page 6

 
Marton Recruitment Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

6.


Debtors

2024
2023
£
£


Trade debtors
124,417
127,535

Other debtors
45,433
2,375

Prepayments and accrued income
2,128
1,708

171,978
131,618



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,169
2,924

Corporation tax
27,026
23,123

Other taxation and social security
46,687
62,555

Other creditors
29,516
29,600

Accruals and deferred income
65,723
55,787

175,121
173,989


Page 7

 
Marton Recruitment Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

8.


Deferred taxation




2024


£






At beginning of year
(491)


Charged to profit or loss
(480)



At end of year
(971)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(971)
(491)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



300 (2023 - 300) Ordinary shares of £1.00 each
300
300
160 (2023 - 160) Ordinary A shares of £1.00 each
160
160
70 (2023 - 70) Ordinary B shares of £1.00 each
70
70
70 (2023 - 70) Ordinary C shares of £1.00 each
70
70

600

600



10.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
10,560
10,560

Later than 1 year and not later than 5 years
-
10,560

10,560
21,120

Page 8

 
Marton Recruitment Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

11.


Related party transactions

Mr A Knight has a loan facility of £40,000 with the company. During the year he withdrew £21,855 against this facility. At the year end, he owed £21,543 to the company (2023 - £0). 
Ms M Knight also has a loan facilty of £40,000 with the company. During the year she withdrew £21,827 against this facility. At the year end, she owed £21,515 to the company (2023 - £0).


Page 9