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REGISTERED NUMBER: 12691250 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Swisstech Recruitment Limited

Swisstech Recruitment Limited (Registered number: 12691250)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Swisstech Recruitment Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A W Morton





REGISTERED OFFICE: 27 Old Gloucester Street
London
WC1N 3AX





REGISTERED NUMBER: 12691250 (England and Wales)





ACCOUNTANTS: HCL Accountancy Limited
26 Dorset Gardens
Rochford
Essex
SS4 3AH

Swisstech Recruitment Limited (Registered number: 12691250)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 45,435 35,788

CURRENT ASSETS
Debtors 5 52,477 64,113
Cash at bank 289,430 196,447
341,907 260,560
CREDITORS
Amounts falling due within one year 6 71,138 77,543
NET CURRENT ASSETS 270,769 183,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,204

218,805

PROVISIONS FOR LIABILITIES 2,979 531
NET ASSETS 313,225 218,274

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 313,125 218,174
SHAREHOLDERS' FUNDS 313,225 218,274

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 April 2025 and were signed by:




A W Morton - Director


Swisstech Recruitment Limited (Registered number: 12691250)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Swisstech Recruitment Limited 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, which excludes value added tax, comprises the value of services undertaken by the company under its principal activity, which is the provision of recruitment consultancy services. This broadly consists of:

-turnover from contractor placements, representing fees billed for the services of contractors including their costs, which is recognised when the service has been provided.

-turnover from permanent placements, representing fees billed as a percentage of the candidate's remuneration package, which is recognised on the start date of the candidate.

Turnover not invoiced at the balance sheet date is included within accrued income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 4% on cost
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Swisstech Recruitment Limited (Registered number: 12691250)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 33,329 873 1,967
Additions - - 558
At 31 July 2024 33,329 873 2,525
DEPRECIATION
At 1 August 2023 67 6 472
Charge for year 667 35 757
At 31 July 2024 734 41 1,229
NET BOOK VALUE
At 31 July 2024 32,595 832 1,296
At 31 July 2023 33,262 867 1,495

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 - 1,117 37,286
Additions 11,000 1,914 13,472
At 31 July 2024 11,000 3,031 50,758
DEPRECIATION
At 1 August 2023 - 953 1,498
Charge for year 2,063 303 3,825
At 31 July 2024 2,063 1,256 5,323
NET BOOK VALUE
At 31 July 2024 8,937 1,775 45,435
At 31 July 2023 - 164 35,788

Swisstech Recruitment Limited (Registered number: 12691250)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 42,096 47,122
Other debtors 10,381 16,991
52,477 64,113

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 14,723 11,687
Taxation and social security 49,079 57,993
Other creditors 7,336 7,863
71,138 77,543

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

Loans by directors

At the balance sheet date the company owed A Morton £5,923 included within other creditors due within one year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is A W Morton.