Company registration number 09546985 (England and Wales)
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
COMPANY INFORMATION
- 1 -
Directors
Mr. M. Styles
Mr. D. Barker
Mr. E. Langham
Company number
09546985
Registered office
160 Packington Street
London
N1 8RA
Accountants
Verallo
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,379
5,799
Current assets
Debtors
4
541,808
428,206
Cash at bank and in hand
12,596
44,006
554,404
472,212
Creditors: amounts falling due within one year
5
(448,514)
(317,331)
Net current assets
105,890
154,881
Total assets less current liabilities
110,269
160,680
Creditors: amounts falling due after more than one year
6
(48,850)
(103,334)
Net assets
61,419
57,346
Capital and reserves
Called up share capital
7
75
75
Capital redemption reserve
25
25
Profit and loss reserves
61,319
57,246
Total equity
61,419
57,346
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 March 2025 and are signed on its behalf by:
Mr. M. Styles
Director
Company Registration No. 09546985
The notes on pages 4 to 9 form part of these financial statements
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information
BLR World Ltd. (Formerly Barker Langham Recruitment Limited) (09546985) is a private company limited by shares incorporated in England and Wales. The registered office is 160 Packington Street, London, N1 8RA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Going concern
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. true
In concluding that it is appropriate to adopt the going concern basis in preparing the financial statements, the directors have considered the current and future trading and the cash flow forecasts for the foreseeable future.
Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The directors continue to review the operations and financial position of the company and have a reasonable expectation that the company has adequate resources to continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents the amounts, excluding VAT, derived from the provision of services in the normal course of business.
Revenue from recruitment services is recognised by reference to the engagement and placement of candidates. 50% of the placement fees are recognised upon engagement and 50% is recognised upon completion of the placement. The completion is defined as the candidates start date or, in some instances, the end of the probation period. Turnover is accrued based on permanent placements that are in progress at the year end.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
20% straight line
Computer equipment
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 7 -
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
3
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
104
11,385
11,489
Depreciation and impairment
At 1 April 2023
104
5,586
5,690
Depreciation charged in the year
1,420
1,420
At 31 March 2024
104
7,006
7,110
Carrying amount
At 31 March 2024
4,379
4,379
At 31 March 2023
5,799
5,799
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
15,097
20,895
Other debtors
268,709
70,717
Prepayments and accrued income
258,002
336,594
541,808
428,206
BLR WORLD LTD. (FORMERLY BARKER LANGHAM RECRUITMENT LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
54,864
50,150
Trade creditors
54,949
28,716
Corporation tax
2,132
591
Other taxation and social security
33,100
1,732
Other creditors
300,109
46,213
Accruals and deferred income
3,360
189,929
448,514
317,331
A Funding Circle loan was obtained from Funding Circle Eclipse Lending Limited in November 2021. The loan is repayable in instalments by October 2025 and is subject to interest at 10.90% per annum. The loan is supported by the UK Government under the Recovery Loan Scheme, the amount repayable in less than on year totalled £44,614. (2023 - £40,026)
The aggregate amount of creditors for which security has been given by the company amounted to £nil (2023- £nil).
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
48,850
103,334
A Funding Circle loan was obtained from Funding Circle Eclipse Lending Limited in November 2021. The loan is repayable in instalments by October 2025 and is subject to interest at 10.90% per annum. The loan is supported by the UK Government under the Recovery Loan Scheme, the amount due in greater than one year totalled £28,350. (2023 - £72,963)
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
75
75
75
75