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REGISTERED NUMBER: 05449259 (England and Wales)













PETRIE RECRUITMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






PETRIE RECRUITMENT LIMITED (REGISTERED NUMBER: 05449259)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PETRIE RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P A H Harris
D Harris





SECRETARY: D Harris





REGISTERED OFFICE: 1st Floor, Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 05449259 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PETRIE RECRUITMENT LIMITED (REGISTERED NUMBER: 05449259)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 242 242
242 242

CURRENT ASSETS
Debtors 6 171,698 158,962
Cash at bank 170,492 245,006
342,190 403,968
CREDITORS
Amounts falling due within one year 7 157,759 197,291
NET CURRENT ASSETS 184,431 206,677
TOTAL ASSETS LESS CURRENT LIABILITIES 184,673 206,919

CREDITORS
Amounts falling due after more than one year 8 19,500 37,500
NET ASSETS 165,173 169,419

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 165,073 169,319
SHAREHOLDERS' FUNDS 165,173 169,419

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:



Mr P A H Harris - Director


PETRIE RECRUITMENT LIMITED (REGISTERED NUMBER: 05449259)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Petrie Recruitment 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of three years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 discounted.

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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 68 (2023 - 68 ) .

PETRIE RECRUITMENT LIMITED (REGISTERED NUMBER: 05449259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 June 2023
and 31 May 2024 100,000
AMORTISATION
At 1 June 2023
and 31 May 2024 100,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 June 2023
and 31 May 2024 39,661
DEPRECIATION
At 1 June 2023
and 31 May 2024 39,419
NET BOOK VALUE
At 31 May 2024 242
At 31 May 2023 242

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 131,997 128,433
Directors' loan accounts 25,258 16,910
Prepayments 14,443 13,619
171,698 158,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 18,000 18,000
Trade creditors 15,376 14,515
Tax 33,877 62,938
PAYE and NIC taxes 34,160 34,808
Pension control 1,787 3,958
Net wages control 18,804 -
VAT 33,555 32,972
Accruals and deferred income 2,200 2,100
Accrued expenses - 28,000
157,759 197,291

PETRIE RECRUITMENT LIMITED (REGISTERED NUMBER: 05449259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 19,500 37,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£

At 1 June 2023 169,319
Profit for the year 105,754
Dividends (110,000 )
At 31 May 2024 165,073

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The advances to the director were repaid within 9 months of the year end.