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REGISTERED NUMBER: 05757489















Financial Statements for the Year Ended 31 July 2024

for

LFUK Recruitment Services Limited

LFUK Recruitment Services Limited (Registered number: 05757489)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LFUK Recruitment Services Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs C Todd
Mrs L J Cringle





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 05757489





ACCOUNTANTS: Cobham Murphy PHD Limited
116 Duke Street
Liverpool
L1 5JW

LFUK Recruitment Services Limited (Registered number: 05757489)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 -
Tangible assets 5 240 480
6,240 480

CURRENT ASSETS
Debtors 6 658,775 409,450
Cash at bank 257,043 184,477
915,818 593,927
CREDITORS
Amounts falling due within one year 7 908,645 566,065
NET CURRENT ASSETS 7,173 27,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,413

28,342

PROVISIONS FOR LIABILITIES 60 91
NET ASSETS 13,353 28,251

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,253 28,151
SHAREHOLDERS' FUNDS 13,353 28,251

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

LFUK Recruitment Services Limited (Registered number: 05757489)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





L Cringle - Director


LFUK Recruitment Services Limited (Registered number: 05757489)

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

1. STATUTORY INFORMATION

LFUK Recruitment Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05757489 and the registered office is C/O Henry Diaper, Lees Road, Knowsley Industrial Park, Liverpool, L33 7SE.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents net invoiced sales from the supply of labour to industrial and commercial companies and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised as the service is provided.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 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 balance sheet date.


LFUK Recruitment Services Limited (Registered number: 05757489)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 9,000
At 31 July 2024 9,000
AMORTISATION
Charge for year 3,000
At 31 July 2024 3,000
NET BOOK VALUE
At 31 July 2024 6,000

LFUK Recruitment Services Limited (Registered number: 05757489)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 13,099
DEPRECIATION
At 1 August 2023 12,619
Charge for year 240
At 31 July 2024 12,859
NET BOOK VALUE
At 31 July 2024 240
At 31 July 2023 480

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 646,688 382,725
Amounts owed by participating interests - 635
Other debtors 12,087 26,090
658,775 409,450

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 6,759 54,554
Amounts owed to participating interests 38,631 -
Taxation and social security 184,566 44,473
Other creditors 678,689 467,038
908,645 566,065

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Invoice discounting 561,970 337,410

As security RBS Invoice Finance Ltd hold a debenture over the company and all its assets.

9. ULTIMATE CONTROLLING PARTY

Frankley MBI Ltd is the controlling party by virtue of its shareholding in the ultimate parent undertaking.