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REGISTERED NUMBER: 07013127 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Octane Recruitment Ltd

Octane Recruitment Ltd (Registered number: 07013127)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Octane Recruitment Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr R Baynes





REGISTERED OFFICE: G3 Ram Mills
Gordon Street
Chadderton
Oldham
OL9 9RH





REGISTERED NUMBER: 07013127 (England and Wales)





ACCOUNTANTS: Actua Business Services Ltd
1 Ash Cottages
Bury
Lancashire
BL8 1EZ

Octane Recruitment Ltd (Registered number: 07013127)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,856 52,065

CURRENT ASSETS
Debtors 5 352,469 378,318
Cash at bank 194,464 150,894
546,933 529,212
CREDITORS
Amounts falling due within one year 6 209,641 212,627
NET CURRENT ASSETS 337,292 316,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,148

368,650

CREDITORS
Amounts falling due after more than one
year

7

7,687

32,488
NET ASSETS 376,461 336,162

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 376,361 336,062
376,461 336,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Octane Recruitment Ltd (Registered number: 07013127)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:





Mr R Baynes - Director


Octane Recruitment Ltd (Registered number: 07013127)

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

1. STATUTORY INFORMATION

Octane Recruitment Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line
Fixtures and fittings - 33% on reducing balance
Office equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not material.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

Octane Recruitment Ltd (Registered number: 07013127)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 25,000 39,226 6,010 70,236
Additions - 7,283 3,235 10,518
At 31 August 2024 25,000 46,509 9,245 80,754
DEPRECIATION
At 1 September 2023 2,500 13,247 2,424 18,171
Charge for year 2,500 10,976 2,251 15,727
At 31 August 2024 5,000 24,223 4,675 33,898
NET BOOK VALUE
At 31 August 2024 20,000 22,286 4,570 46,856
At 31 August 2023 22,500 25,979 3,586 52,065

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 163,213 187,906
Other debtors 189,256 190,412
352,469 378,318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 51,914 34,259
Trade creditors 14,563 24,162
Taxation and social security 136,878 149,392
Other creditors 6,286 4,814
209,641 212,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,687 32,488

8. ULTIMATE CONTROLLING PARTY

Octane Recruitment (Holdings) Limited own 100% of the shares in Octane Recruitment Limited.
Octane Recruitment Limited loaned the holding company £175,000.
Mr R Baynes is the sole director and majority shareholder of Octane Recruitment (Holdings) Limited.