Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12080545 2024-06-30 12080545 2023-07-01 2024-06-30 12080545 2022-07-01 2023-06-30 12080545 2023-06-30 12080545 c:Director1 2023-07-01 2024-06-30 12080545 c:Director2 2023-07-01 2024-06-30 12080545 c:RegisteredOffice 2023-07-01 2024-06-30 12080545 d:ComputerEquipment 2023-07-01 2024-06-30 12080545 d:ComputerEquipment 2024-06-30 12080545 d:ComputerEquipment 2023-06-30 12080545 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12080545 d:CurrentFinancialInstruments 2024-06-30 12080545 d:CurrentFinancialInstruments 2023-06-30 12080545 d:CurrentFinancialInstruments 1 2024-06-30 12080545 d:CurrentFinancialInstruments 1 2023-06-30 12080545 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12080545 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12080545 d:ShareCapital 2024-06-30 12080545 d:ShareCapital 2023-06-30 12080545 d:RetainedEarningsAccumulatedLosses 2024-06-30 12080545 d:RetainedEarningsAccumulatedLosses 2023-06-30 12080545 c:FRS102 2023-07-01 2024-06-30 12080545 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12080545 c:FullAccounts 2023-07-01 2024-06-30 12080545 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12080545 6 2023-07-01 2024-06-30 12080545 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 12080545







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


DEG RECRUITMENT LTD






































                img40b7.png        

 


DEG RECRUITMENT LTD
 


 
COMPANY INFORMATION


Directors
R Kang 
N Klair 




Registered number
12080545



Registered office
Unit 24 Schooner Court
Crossways Business Park

Dartford

DA2 6NW




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


DEG RECRUITMENT LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


DEG RECRUITMENT LTD
REGISTERED NUMBER:12080545



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
12,465
2,545

Investments
 5 
5,000
5,000

  
17,465
7,545

Current assets
  

Debtors: amounts falling due within one year
 6 
3,332,768
2,468,789

Cash at bank and in hand
  
3,787
14,235

  
3,336,555
2,483,024

Creditors: amounts falling due within one year
 7 
(2,937,050)
(2,185,925)

Net current assets
  
 
 
399,505
 
 
297,099

Total assets less current liabilities
  
416,970
304,644

  

Net assets
  
416,970
304,644


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
416,969
304,643

  
416,970
304,644


Page 1

 


DEG RECRUITMENT LTD
REGISTERED NUMBER:12080545


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Kang
Director
Date: 26 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


DEG RECRUITMENT LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

DEG Recruitment Limited is a private company limited by shares and incorporated in England and Wales. The registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated via provision of temporary labour and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 


DEG RECRUITMENT LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Valuation of fixed investments

Fixed investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2023
2,776


Additions
13,137



At 30 June 2024

15,913



Depreciation


At 1 July 2023
231


Charge for the year on owned assets
3,217



At 30 June 2024

3,448



Net book value



At 30 June 2024
12,465



At 30 June 2023
2,545


5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 July 2023
5,000



At 30 June 2024
5,000




Page 4

 


DEG RECRUITMENT LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
3,323,268
2,451,205

Other debtors
9,500
3,500

Prepayments and accrued income
-
14,084

3,332,768
2,468,789



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
130,177
114,417

Corporation tax
43,718
21,948

Other taxation and social security
21,055
20,335

Proceeds of factored debts
1,090,023
729,225

Accruals and deferred income
1,652,077
1,300,000

2,937,050
2,185,925


Included within Proceeds of factored debts are amounts payable in respect of invoice Discounting.  This is secured by way of a fixed and floating charge entitled to 4Syte Ltd over all property and assets present and future.

 
Page 5