21 29 Resource Recruitment Management Limited 08347585 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is Recruitment Agency Digita Accounts Production Advanced 6.30.9574.0 true 08347585 2024-02-01 2025-01-31 08347585 2025-01-31 08347585 core:CurrentFinancialInstruments 2025-01-31 08347585 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 08347585 core:Non-currentFinancialInstruments 2025-01-31 08347585 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 08347585 core:MotorVehicles 2025-01-31 08347585 core:PlantMachinery 2025-01-31 08347585 1 2025-01-31 08347585 bus:SmallEntities 2024-02-01 2025-01-31 08347585 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 08347585 bus:FilletedAccounts 2024-02-01 2025-01-31 08347585 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 08347585 bus:RegisteredOffice 2024-02-01 2025-01-31 08347585 bus:Director1 2024-02-01 2025-01-31 08347585 bus:Director2 2024-02-01 2025-01-31 08347585 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08347585 bus:Agent1 2024-02-01 2025-01-31 08347585 core:MotorVehicles 2024-02-01 2025-01-31 08347585 core:PlantMachinery 2024-02-01 2025-01-31 08347585 countries:AllCountries 2024-02-01 2025-01-31 08347585 1 2024-02-01 2025-01-31 08347585 2024-01-31 08347585 core:MotorVehicles 2024-01-31 08347585 core:PlantMachinery 2024-01-31 08347585 1 2024-01-31 08347585 2023-02-01 2024-01-31 08347585 2024-01-31 08347585 core:CurrentFinancialInstruments 2024-01-31 08347585 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 08347585 core:Non-currentFinancialInstruments 2024-01-31 08347585 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 08347585 core:MotorVehicles 2024-01-31 08347585 core:PlantMachinery 2024-01-31 08347585 1 2024-01-31 08347585 1 2023-02-01 2024-01-31 08347585 1 2023-01-31 xbrli:pure iso4217:GBP

Registration number: 08347585

Resource Recruitment Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Resource Recruitment Management Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Resource Recruitment Management Limited

Company Information

Directors

ST Cowan

J Cowan

Registered office

4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

Accountants

Addicus Plus Limited
Chartered Certified Accountants4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Resource Recruitment Management Limited

(Registration number: 08347585)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

23,871

6,417

Current assets

 

Debtors

5

152,082

229,630

Cash at bank and in hand

 

195,686

208,468

 

347,768

438,098

Creditors: Amounts falling due within one year

6

(67,233)

(119,403)

Net current assets

 

280,535

318,695

Total assets less current liabilities

 

304,406

325,112

Creditors: Amounts falling due after more than one year

6

(3,931)

(15,725)

Net assets

 

300,475

309,387

Capital and reserves

 

Called up share capital

102

102

Retained earnings

300,373

309,285

Shareholders' funds

 

300,475

309,387

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Resource Recruitment Management Limited

(Registration number: 08347585)
Balance Sheet as at 31 January 2025

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

ST Cowan
Director

   
     
 

Resource Recruitment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE
England

These financial statements were authorised for issue by the Board on 7 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Resource Recruitment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2024 - 29).

 

Resource Recruitment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

11,501

13,333

24,834

Additions

9,552

15,999

25,551

Disposals

(175)

-

(175)

At 31 January 2025

20,878

29,332

50,210

Depreciation

At 1 February 2024

9,303

9,114

18,417

Charge for the year

2,911

5,055

7,966

Eliminated on disposal

(44)

-

(44)

At 31 January 2025

12,170

14,169

26,339

Carrying amount

At 31 January 2025

8,708

15,163

23,871

At 31 January 2024

2,198

4,219

6,417

5

Debtors

2025
£

2024
£

Trade debtors

38,910

71,496

Other debtors

101,552

133,917

Prepayments

4,125

6,333

Accrued income

7,495

17,884

152,082

229,630

 

Resource Recruitment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

11,794

11,794

Trade creditors

 

3,182

4,483

Taxation and social security

 

38,213

83,653

Accruals and deferred income

 

8,588

16,844

Other creditors

 

5,456

2,629

 

67,233

119,403

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

3,931

15,725

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

3,931

15,725

Current loans and borrowings

2025
£

2024
£

Bank borrowings

11,794

11,794

 

Resource Recruitment Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8

Related party transactions

Transactions with directors

2025

At 1 February 2024
£

Advances to director
£

Repayments by director
£

At 31 January 2025
£

Directors loan

99,382

1,819

(26,022)

75,179

 

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Directors loan

123,150

2,455

(26,223)

99,382