8 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 11,500 11,500 3,833 3,833 7,667 xbrli:pure xbrli:shares iso4217:GBP 06922688 2023-07-01 2024-06-30 06922688 2024-06-30 06922688 2023-06-30 06922688 2022-07-01 2023-06-30 06922688 2023-06-30 06922688 2022-06-30 06922688 core:FurnitureFittings 2023-07-01 2024-06-30 06922688 bus:Director1 2023-07-01 2024-06-30 06922688 bus:Director2 2023-07-01 2024-06-30 06922688 core:FurnitureFittings 2023-06-30 06922688 core:FurnitureFittings 2024-06-30 06922688 core:WithinOneYear 2024-06-30 06922688 core:WithinOneYear 2023-06-30 06922688 core:AfterOneYear 2024-06-30 06922688 core:AfterOneYear 2023-06-30 06922688 core:ShareCapital 2024-06-30 06922688 core:ShareCapital 2023-06-30 06922688 core:RetainedEarningsAccumulatedLosses 2024-06-30 06922688 core:RetainedEarningsAccumulatedLosses 2023-06-30 06922688 core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 06922688 core:AcceleratedTaxDepreciationDeferredTax 2023-06-30 06922688 core:FurnitureFittings 2023-06-30 06922688 bus:SmallEntities 2023-07-01 2024-06-30 06922688 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06922688 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06922688 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06922688 bus:FullAccounts 2023-07-01 2024-06-30 06922688 core:IntangibleAssetsOtherThanGoodwill 2023-07-01 2024-06-30 06922688 core:ComputerEquipment 2023-07-01 2024-06-30 06922688 core:IntangibleAssetsOtherThanGoodwill 2024-06-30 06922688 core:ComputerEquipment 2023-06-30 06922688 core:ComputerEquipment 2024-06-30 06922688 core:AfterOneYear 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 06922688
Invision Recruitment Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Invision Recruitment Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
7,667
Tangible assets
6
17,705
16,263
--------
--------
25,372
16,263
Current assets
Debtors
7
422,128
285,731
Cash at bank and in hand
111,806
235,770
---------
---------
533,934
521,501
Creditors: amounts falling due within one year
8
346,170
290,296
---------
---------
Net current assets
187,764
231,205
---------
---------
Total assets less current liabilities
213,136
247,468
Creditors: amounts falling due after more than one year
9
186,961
241,544
Provisions
Deferred taxation
2,211
1,525
---------
---------
Net assets
23,964
4,399
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
23,864
4,299
--------
-------
Shareholders funds
23,964
4,399
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Invision Recruitment Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 17 March 2025 , and are signed on behalf of the board by:
S Knight
N Smith
Director
Director
Company registration number: 06922688
Invision Recruitment Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for services rendered and goods supplied during the year, stated net of discounts and of Value Added Tax. Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis . Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
33% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% straight line
Computer equipment
-
33% straight line
Pension contributions
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 15 ).
5. Intangible assets
Website
£
Cost
Additions
11,500
--------
At 30 June 2024
11,500
--------
Amortisation
Charge for the year
3,833
--------
At 30 June 2024
3,833
--------
Carrying amount
At 30 June 2024
7,667
--------
At 30 June 2023
--------
6. Tangible assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 July 2023
22,236
19,339
41,575
Additions
3,733
650
4,383
--------
--------
--------
At 30 June 2024
25,969
19,989
45,958
--------
--------
--------
Depreciation
At 1 July 2023
6,856
18,456
25,312
Charge for the year
2,428
513
2,941
--------
--------
--------
At 30 June 2024
9,284
18,969
28,253
--------
--------
--------
Carrying amount
At 30 June 2024
16,685
1,020
17,705
--------
--------
--------
At 30 June 2023
15,380
883
16,263
--------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
298,698
217,442
Other debtors
123,430
68,289
---------
---------
422,128
285,731
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
163,452
166,973
Trade creditors
6,072
717
Social security and other taxes
135,806
113,681
Other creditors
40,840
8,925
---------
---------
346,170
290,296
---------
---------
Included within bank loans is £163,452 (2023: £166,973) which is secured by way of a fixed and floating charge over the company's assets and against personal guarantees provided by the directors.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
186,961
241,544
---------
---------
Included within bank loans is £186,921 (2023: £241,544) which is secured by a fixed and floating charge over the company's assets and against personal guarantees provided by the directors.
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
2,211
1,525
-------
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
2,211
1,525
-------
-------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
33,927
----
--------
12. Directors' advances, credits and guarantees
Balance brought forward
Advances
Repayments
Balance outstanding
£
£
£
£
2024
Director A
25,513
80,747
(55,000)
51,260
Director B
5,394
99,516
(55,000)
49,909
--------
---------
---------
---------
30,907
180,263
(110,000)
101,169
--------
---------
---------
---------
2023
Director A
859
79,654
(55,000)
25,513
Director B
(20,961)
81,355
(55,000)
5,394
--------
---------
---------
--------
(20,102)
161,009
(110,000)
30,907
--------
---------
---------
--------
During the year, annual interest at a rate of 2.25% (2023: 2.25%) was charged to the directors' loan accounts during periods when the accounts were overdrawn. The loans are unsecured and repayable on demand.