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FRC Recruitment Ltd
Registered Number:07405190
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
FRC Recruitment Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07405190
As at 31 August 2024
FRC Recruitment Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
313,516
151,976
2
313,516
151,976
Current assets
Trade and other receivables
778,421
261,789
3
734,031
Cash and cash equivalents
499,048
760,837
1,512,452
Trade and other payables: amounts falling due within one
year
(1,172,911)
(618,980)
4
339,541
141,857
Net current assets
Total assets less current liabilities
455,373
491,517
455,373
Net assets
491,517
Capital and reserves
Called up share capital
25
25
Fair value reserve
36,000
36,000
Retained earnings
419,348
455,492
455,373
491,517
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Kieran McCaul Director
These financial statements were approved and authorised for issue by the Board on 10 April 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2024
FRC Recruitment Ltd
Notes to the Financial Statements
Statutory Information
FRC Recruitment Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07405190.
Registered address:
17 Ensign House
Admirals Way
Canary Wharf
London
E14 9XQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
15 Reducing balance
Computer Equipment
15 Reducing balance
Motor Vehicles
15 Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2 of 4
5
For the year ended 31 August 2024
FRC Recruitment Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 September 2023
230,628
35,015
85,043
30,570
80,000
174,519
8,377
6,175
-
159,967
Additions
At 31 August 2024
30,570
91,218
43,392
405,147
239,967
Provision for depreciation and impairment
At 01 September 2023
78,652
18,403
46,947
13,302
-
Charge for year
12,979
3,748
6,641
2,590
-
At 31 August 2024
91,631
22,151
53,588
15,892
-
At 31 August 2024
Net book value
239,967
14,678
37,630
21,241
313,516
At 31 August 2023
80,000
17,268
38,096
16,612
151,976
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as
follows:
Historical cost
£
44,000
At 01 September 2023
44,000
Net historical cost value:
At 31 August 2023
At 31 August 2024
44,000
3. Trade and other receivables
2023
2024
£
£
Trade debtors
261,789
775,415
Other debtors
-
3,006
778,421
261,789
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
3,338
-
Trade creditors
9,800
20,875
Taxation and social security
403,576
442,803
Other creditors
202,266
709,233
618,980
1,172,911
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6
For the year ended 31 August 2024
FRC Recruitment Ltd
Notes to the Financial Statements Continued
5. Average number of persons employed
During the year the average number of employees was 300 (2023 : 275)
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