REGISTERED NUMBER: 07745744 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GREENACRE RECRUITMENT LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S Crone

J Grice

D R Short

REGISTERED OFFICE:

100 Hermitage Road

Hitchin

Hertfordshire

SG5 1DG

REGISTERED NUMBER:

07745744 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Tangible assets

4

17,120

4,338

Investments

5

1

1

17,121

4,339

CURRENT ASSETS

Debtors

6

1,167,367

997,715

Cash at bank

-

9,609

1,167,367

1,007,324

CREDITORS

Amounts falling due within one year

7

862,961

678,679

NET CURRENT ASSETS

304,406

328,645

TOTAL ASSETS LESS CURRENT LIABILITIES

321,527

332,984

CREDITORS

Amounts falling due after more than one year

8

(41,328

)

(62,456

)

PROVISIONS FOR LIABILITIES

(3,568

)

(1,085

)

NET ASSETS

276,631

269,443

CAPITAL AND RESERVES

Called up share capital

22

22

Capital redemption reserve

(679,532

)

(679,532

)

Retained earnings

956,141

948,953

276,631

269,443

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

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

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 3 April 2025 and were signed on its behalf by:

D R Short - Director

1.	STATUTORY INFORMATION

Greenacre Recruitment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 44 (2023 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

3,502

23,615

27,117

Additions

17,797

-

17,797

At 31 December 2024

21,299

23,615

44,914

DEPRECIATION

At 1 January 2024

2,970

19,809

22,779

Charge for year

3,832

1,183

5,015

At 31 December 2024

6,802

20,992

27,794

NET BOOK VALUE

At 31 December 2024

14,497

2,623

17,120

At 31 December 2023

532

3,806

4,338

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,051,512

953,576

Other debtors

115,855

44,139

1,167,367

997,715

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

374,598

24,604

Trade creditors

15,244

11,906

Amounts owed to group undertakings

2,074

31,358

Taxation and social security

276,058

427,614

Other creditors

194,987

183,197

862,961

678,679

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

41,328

62,456

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

J Grice

Balance outstanding at start of year

(3

)

(8

)

Amounts advanced

5,250

5

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,247

(3

)

D R Short

Balance outstanding at start of year

-

(15,295

)

Amounts advanced

10,000

15,295

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,000

-

Ms S Crone

Balance outstanding at start of year

9,500

-

Amounts advanced

-

9,500

Amounts repaid

(9,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

9,500

10.	ULTIMATE CONTROLLING PARTY

The Company has no individual controlling party, the ownership is shown below:

55 Ordinary shares - D Short

55 Ordinary shares - J Grice

55 Ordinary shares- L Short

55 Ordinary shares- C Grice