Registered number
11270871
JCM IRecruitment Ltd
Filleted Accounts
30 September 2024
JCM IRecruitment Ltd
Registered number: 11270871
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,963 3,660
Current assets
Debtors 4 1,164,799 69,977
Cash at bank and in hand 67,161 87,855
1,231,960 157,832
Creditors: amounts falling due within one year 5 (1,104,209) (57,254)
Net current assets 127,751 100,578
Net assets 133,714 104,238
Capital and reserves
Called up share capital 100 100
Profit and loss account 133,614 104,138
Shareholders' funds 133,714 104,238
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Florence Zainab Michael
Director
Approved by the board on 10 March 2025
JCM IRecruitment Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% RB
Computer equipment 20% RB
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 6,700 - 6,700
Additions - 4,023 4,023
At 30 September 2024 6,700 4,023 10,723
Depreciation
At 1 October 2023 3,040 - 3,040
Charge for the year 915 805 1,720
At 30 September 2024 3,955 805 4,760
Net book value
At 30 September 2024 2,745 3,218 5,963
At 30 September 2023 3,660 - 3,660
4 Debtors 2024 2023
£ £
Trade debtors 910,356 -
Other debtors 254,443 69,977
1,164,799 69,977
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,050,487 -
Taxation and social security costs 10,465 22,997
Other creditors 43,257 34,257
1,104,209 57,254
6 Other information
a. The current year is for a period of 12 months. The previous year however covered a period of 18 months, as the decision was taken by management to have same yearends for all subsidiary companies.
b. JCM IRecruitment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
38 Beaufort Court
Admirals Way
London
E14 9XL
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