Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31truefalse2023-11-01No description of principal activity6259trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 5457276 2023-11-01 2024-10-31 5457276 2022-11-01 2023-10-31 5457276 2024-10-31 5457276 2023-10-31 5457276 c:Director2 2023-11-01 2024-10-31 5457276 d:PlantMachinery 2023-11-01 2024-10-31 5457276 d:PlantMachinery 2024-10-31 5457276 d:PlantMachinery 2023-10-31 5457276 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 5457276 d:MotorVehicles 2023-11-01 2024-10-31 5457276 d:MotorVehicles 2024-10-31 5457276 d:MotorVehicles 2023-10-31 5457276 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 5457276 d:FurnitureFittings 2023-11-01 2024-10-31 5457276 d:FurnitureFittings 2024-10-31 5457276 d:FurnitureFittings 2023-10-31 5457276 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 5457276 d:OfficeEquipment 2023-11-01 2024-10-31 5457276 d:OfficeEquipment 2024-10-31 5457276 d:OfficeEquipment 2023-10-31 5457276 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 5457276 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 5457276 d:Goodwill 2023-11-01 2024-10-31 5457276 d:Goodwill 2024-10-31 5457276 d:Goodwill 2023-10-31 5457276 d:ComputerSoftware 2024-10-31 5457276 d:ComputerSoftware 2023-10-31 5457276 d:CurrentFinancialInstruments 2024-10-31 5457276 d:CurrentFinancialInstruments 2023-10-31 5457276 d:CurrentFinancialInstruments 1 2024-10-31 5457276 d:CurrentFinancialInstruments 1 2023-10-31 5457276 d:Non-currentFinancialInstruments 2024-10-31 5457276 d:Non-currentFinancialInstruments 2023-10-31 5457276 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 5457276 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 5457276 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 5457276 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 5457276 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 5457276 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 5457276 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 5457276 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 5457276 d:ShareCapital 2024-10-31 5457276 d:ShareCapital 2023-10-31 5457276 d:RetainedEarningsAccumulatedLosses 2024-10-31 5457276 d:RetainedEarningsAccumulatedLosses 2023-10-31 5457276 c:FRS102 2023-11-01 2024-10-31 5457276 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 5457276 c:FullAccounts 2023-11-01 2024-10-31 5457276 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 5457276 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-11-01 2024-10-31 5457276 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-11-01 2024-10-31 5457276 2 2023-11-01 2024-10-31 5457276 d:ExternallyAcquiredIntangibleAssets 2023-11-01 2024-10-31 5457276 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 5457276 d:ComputerSoftware d:OwnedIntangibleAssets 2023-11-01 2024-10-31 5457276 f:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 5457276










BTB RECRUITMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
BTB RECRUITMENT LIMITED
REGISTERED NUMBER: 5457276

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
403,248
337,455

Tangible assets
 5 
39,067
25,538

  
442,315
362,993

Current assets
  

Debtors: amounts falling due within one year
 6 
380,920
350,276

Cash at bank and in hand
  
666,508
653,031

  
1,047,428
1,003,307

Creditors: amounts falling due within one year
 7 
(510,346)
(474,616)

Net current assets
  
 
 
537,082
 
 
528,691

Total assets less current liabilities
  
979,397
891,684

Creditors: amounts falling due after more than one year
 8 
(12,778)
(16,667)

  

Net assets
  
966,619
875,017


Capital and reserves
  

Called up share capital 
  
103
103

Profit and loss account
  
966,516
874,914

  
966,619
875,017


Page 1

 
BTB RECRUITMENT LIMITED
REGISTERED NUMBER: 5457276
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 on 23 April 2025.




T S Plews
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BTB RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

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

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BTB RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
BTB RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.10

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:

Plant & machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Office equipment
-
25%
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.

 
1.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
BTB RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

BTB Recruitment Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 5457276
The address of its registered office is:
47 Walsworth Road
Hitchin
Hertfordshire
SG4 9SU


3.


Employees

The average monthly number of employees, including directors, during the year was 62 (2023 - 59).

Page 6

 
BTB RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Intangible assets




Crypto Currency
Goodwill
Total

£
£
£



Cost


At 1 November 2023
316,041
214,143
530,184


Additions
76,500
-
76,500



At 31 October 2024

392,541
214,143
606,684



Amortisation


At 1 November 2023
-
192,728
192,728


Charge for the year on owned assets
-
10,707
10,707



At 31 October 2024

-
203,435
203,435



Net book value



At 31 October 2024
392,541
10,708
403,249



At 31 October 2023
316,041
21,414
337,455



Page 7

 
BTB RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
3,889
48,429
5,423
9,933
67,674


Additions
-
31,694
-
-
31,694


Disposals
(3,889)
(6,111)
(375)
(5,320)
(15,695)



At 31 October 2024

-
74,012
5,048
4,613
83,673



Depreciation


At 1 November 2023
3,701
27,886
3,754
6,794
42,135


Charge for the year on owned assets
-
12,056
406
560
13,022


Disposals
(3,701)
(2,098)
(329)
(4,423)
(10,551)



At 31 October 2024

-
37,844
3,831
2,931
44,606



Net book value



At 31 October 2024
-
36,168
1,217
1,682
39,067



At 31 October 2023
187
20,543
1,669
3,139
25,538


6.


Debtors

2024
2023
£
£


Trade debtors excluding factored debts
152,740
91,384

Factored debts
195,873
219,406

Other debtors
2,576
483

Prepayments and accrued income
29,731
39,003

380,920
350,276








Page 8

 
BTB RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
30,520
27,195

Corporation tax
77,261
67,948

Other taxation and social security
150,262
156,004

Obligations under finance lease and hire purchase contracts
3,333
-

Proceeds of factored debts
176,796
161,236

Other creditors
10,453
8,861

Accruals and deferred income
51,721
43,372

510,346
474,616



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,667
16,667

Net obligations under finance leases and hire purchase contracts
6,111
-

12,778
16,667


Page 9

 
BTB RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
6,667
10,000


6,667
10,000

Amounts falling due 2-5 years

Bank loans
-
6,667


-
6,667


16,667
26,667



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,494 (2023: £5,226). Contributions totalling £3,363 (2023: £2,545) were payable to the fund at the reporting date and are included in creditors.

 
Page 10