110 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 39,616 39,616 39,616 xbrli:pure xbrli:shares iso4217:GBP 13968937 2023-06-01 2024-05-31 13968937 2024-05-31 13968937 2023-05-31 13968937 2022-03-10 2023-05-31 13968937 2023-05-31 13968937 2022-03-09 13968937 core:MotorVehicles 2023-06-01 2024-05-31 13968937 bus:Director1 2023-06-01 2024-05-31 13968937 core:MotorVehicles 2024-05-31 13968937 core:WithinOneYear 2024-05-31 13968937 core:WithinOneYear 2023-05-31 13968937 core:ShareCapital 2024-05-31 13968937 core:ShareCapital 2023-05-31 13968937 core:RetainedEarningsAccumulatedLosses 2024-05-31 13968937 core:RetainedEarningsAccumulatedLosses 2023-05-31 13968937 core:BetweenOneFiveYears 2024-05-31 13968937 core:BetweenOneFiveYears 2023-05-31 13968937 bus:SmallEntities 2023-06-01 2024-05-31 13968937 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13968937 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13968937 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13968937 bus:FullAccounts 2023-06-01 2024-05-31 13968937 core:ComputerEquipment 2023-06-01 2024-05-31 13968937 core:LeaseholdImprovements 2023-06-01 2024-05-31 13968937 core:ComputerSoftware 2023-06-01 2024-05-31 13968937 core:ComputerSoftware 2024-05-31 13968937 core:ComputerEquipment 2023-05-31 13968937 core:ComputerEquipment 2024-05-31 13968937 core:LeaseholdImprovements 2024-05-31
COMPANY REGISTRATION NUMBER: 13968937
JMR Recruitment Ltd
Unaudited financial statements
31 May 2024
JMR Recruitment Ltd
Statement of financial position
31 May 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
39,616
Tangible assets
6
166,106
60,375
---------
-------
205,722
60,375
Current assets
Debtors
7
2,620,417
3,215,803
Cash at bank and in hand
1,896,821
709,432
-----------
-----------
4,517,238
3,925,235
Creditors: Amounts falling due within one year
8
( 1,290,531)
( 1,831,202)
-----------
-----------
Net current assets
3,226,707
2,094,033
-----------
-----------
Total assets less current liabilities
3,432,429
2,154,408
Provisions
Taxation including deferred tax
( 29,133)
( 14,493)
-----------
-----------
Net assets
3,403,296
2,139,915
-----------
-----------
Capital and reserves
Called up share capital
1
1
Profit and loss account
3,403,295
2,139,914
-----------
-----------
Shareholders funds
3,403,296
2,139,915
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JMR Recruitment Ltd
Statement of financial position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 17 February 2025 , and are signed on behalf of the board by:
J A Melton-Royal
Director
Company registration number: 13968937
JMR Recruitment Ltd
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Gables, Old Market Street, Thetford, Norfolk, IP24 2EN. The trading address is Crafton House, Roseberry Business Park, Poringland, Norfolk, NR14 7XP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. Services that have been provided in full but are yet to be invoiced at the year end date are recognised as accrued income. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
20% reducing balance
Equipment
-
33% straight line
Leasehold improvements
-
20% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of employees during the year was 110 (2023: 77 ).
5. Intangible assets
IT software
£
Cost
Additions
39,616
-------
At 31 May 2024
39,616
-------
Amortisation
At 1 June 2023 and 31 May 2024
-------
Carrying amount
At 31 May 2024
39,616
-------
At 31 May 2023
-------
6. Tangible assets
Motor vehicles
Equipment
Leasehold improve- ments
Total
£
£
£
£
Cost
At 1 June 2023
66,810
66,810
Additions
67,488
69,295
22,323
159,106
-------
---------
-------
---------
At 31 May 2024
67,488
136,105
22,323
225,916
-------
---------
-------
---------
Depreciation
At 1 June 2023
6,435
6,435
Charge for the year
13,400
35,413
4,562
53,375
-------
---------
-------
---------
At 31 May 2024
13,400
41,848
4,562
59,810
-------
---------
-------
---------
Carrying amount
At 31 May 2024
54,088
94,257
17,761
166,106
-------
---------
-------
---------
At 31 May 2023
60,375
60,375
-------
---------
-------
---------
7. Debtors
2024
2023
£
£
Trade debtors
1,198,712
2,646,099
Amounts owed by group undertakings and undertakings in which the company has a participating interest
152,294
Other debtors
1,269,411
569,704
-----------
-----------
2,620,417
3,215,803
-----------
-----------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
107,651
34,446
Amounts owed to group undertakings and undertakings in which the company has a participating interest
377,243
417,495
Social security and other taxes
651,570
1,220,750
Other creditors
154,067
158,511
-----------
-----------
1,290,531
1,831,202
-----------
-----------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
73,153
6,852
Later than 1 year and not later than 5 years
243,300
10,278
---------
-------
316,453
17,130
---------
-------
10. Director's advances, credits and guarantees
At the balance sheet date, included within other debtors is £875,666 (2023: £292,227) which is owed to the company by the director. Interest has been charged on the loan at the official rate.
11. Controlling party
The ultimate parent company is JMR Group Holdings Ltd whose registered office is Roxburgh House, Rosebery Business Park, Mentmore Way, Poringland, Norfolk, NR14 7XP.