Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10232040 Mr Andrew Setchell Mr Stewart Robertson Mr Rory Macsween iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10232040 2023-12-31 10232040 2024-12-31 10232040 2024-01-01 2024-12-31 10232040 frs-core:CurrentFinancialInstruments 2024-12-31 10232040 frs-core:ComputerEquipment 2024-12-31 10232040 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10232040 frs-core:ComputerEquipment 2023-12-31 10232040 frs-core:FurnitureFittings 2024-12-31 10232040 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10232040 frs-core:FurnitureFittings 2023-12-31 10232040 frs-core:ShareCapital 2024-12-31 10232040 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10232040 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10232040 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10232040 frs-bus:SmallEntities 2024-01-01 2024-12-31 10232040 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10232040 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10232040 frs-bus:Director1 2024-01-01 2024-12-31 10232040 frs-bus:Director2 2024-01-01 2024-12-31 10232040 frs-bus:Director3 2024-01-01 2024-12-31 10232040 frs-countries:EnglandWales 2024-01-01 2024-12-31 10232040 2022-12-31 10232040 2023-12-31 10232040 2023-01-01 2023-12-31 10232040 frs-core:CurrentFinancialInstruments 2023-12-31 10232040 frs-core:ShareCapital 2023-12-31 10232040 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10232040
SRM Recruitment Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10232040
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,659 23,683
25,659 23,683
CURRENT ASSETS
Debtors 5 596,592 793,378
Cash at bank and in hand 1,086,951 1,056,732
1,683,543 1,850,110
Creditors: Amounts Falling Due Within One Year 6 (1,261,808 ) (1,313,746 )
NET CURRENT ASSETS (LIABILITIES) 421,735 536,364
TOTAL ASSETS LESS CURRENT LIABILITIES 447,394 560,047
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,415 ) (5,691 )
NET ASSETS 440,979 554,356
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 440,879 554,256
SHAREHOLDERS' FUNDS 440,979 554,356
Page 1
Page 2
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Setchell
Director
28/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SRM Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10232040 . The registered office is Pm House, Riverway Estate Old Portsmouth Road, Peasmarsh, Guildford, Surrey, GU3 1LZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of permanent employees, including directors, during the year was as follows: 22 (2023: 18)
22 18
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 4,712 38,557 43,269
Additions 4,000 13,736 17,736
As at 31 December 2024 8,712 52,293 61,005
Depreciation
As at 1 January 2024 1,645 17,941 19,586
Provided during the period 2,682 13,078 15,760
As at 31 December 2024 4,327 31,019 35,346
Net Book Value
As at 31 December 2024 4,385 21,274 25,659
As at 1 January 2024 3,067 20,616 23,683
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 434,035 712,081
Other debtors 162,557 81,297
596,592 793,378
 Other debtors include a director's loan balance of £80,348 (2023: £nil) due from Director Rory MacSwen, on which interest is being charged at the HMRC official rate of 2.25%.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 140,004 60,168
Other creditors 694,043 648,708
Taxation and social security 427,761 604,870
1,261,808 1,313,746
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4