Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-11-01No description of principal activity1843falsetruefalse 04533397 2023-11-01 2024-10-31 04533397 2022-11-01 2023-10-31 04533397 2024-10-31 04533397 2023-10-31 04533397 c:Director1 2023-11-01 2024-10-31 04533397 c:Director2 2023-11-01 2024-10-31 04533397 d:PlantMachinery 2023-11-01 2024-10-31 04533397 d:PlantMachinery 2024-10-31 04533397 d:PlantMachinery 2023-10-31 04533397 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04533397 d:FurnitureFittings 2023-11-01 2024-10-31 04533397 d:FurnitureFittings 2024-10-31 04533397 d:FurnitureFittings 2023-10-31 04533397 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04533397 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04533397 d:CurrentFinancialInstruments 2024-10-31 04533397 d:CurrentFinancialInstruments 2023-10-31 04533397 d:Non-currentFinancialInstruments 2024-10-31 04533397 d:Non-currentFinancialInstruments 2023-10-31 04533397 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04533397 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04533397 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 04533397 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04533397 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 04533397 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 04533397 d:ShareCapital 2024-10-31 04533397 d:ShareCapital 2023-10-31 04533397 d:RetainedEarningsAccumulatedLosses 2024-10-31 04533397 d:RetainedEarningsAccumulatedLosses 2023-10-31 04533397 c:OrdinaryShareClass1 2023-11-01 2024-10-31 04533397 c:OrdinaryShareClass1 2024-10-31 04533397 c:OrdinaryShareClass1 2023-10-31 04533397 c:OrdinaryShareClass2 2023-11-01 2024-10-31 04533397 c:OrdinaryShareClass2 2024-10-31 04533397 c:OrdinaryShareClass2 2023-10-31 04533397 c:OrdinaryShareClass3 2023-11-01 2024-10-31 04533397 c:OrdinaryShareClass3 2024-10-31 04533397 c:OrdinaryShareClass3 2023-10-31 04533397 c:OrdinaryShareClass4 2023-11-01 2024-10-31 04533397 c:OrdinaryShareClass4 2024-10-31 04533397 c:OrdinaryShareClass4 2023-10-31 04533397 c:OrdinaryShareClass5 2023-11-01 2024-10-31 04533397 c:OrdinaryShareClass5 2024-10-31 04533397 c:OrdinaryShareClass5 2023-10-31 04533397 c:FRS102 2023-11-01 2024-10-31 04533397 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04533397 c:FullAccounts 2023-11-01 2024-10-31 04533397 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04533397 2 2023-11-01 2024-10-31 04533397 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04533397














RECRUITMENT SOLUTIONS (FOLKESTONE) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2024

 
RECRUITMENT SOLUTIONS (FOLKESTONE) LIMITED
REGISTERED NUMBER:04533397

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
                                                                       Note

Fixed assets
  

Tangible assets
 4 
392
932

  
392
932

Current assets
  

Debtors: amounts falling due within one year
 5 
76,246
122,544

Cash at bank and in hand
  
17,356
45,589

  
93,602
168,133

Creditors: amounts falling due within one year
 6 
(132,684)
(143,280)

Net current (liabilities)/assets
  
 
 
(39,082)
 
 
24,853

Total assets less current liabilities
  
(38,690)
25,785

Creditors: amounts falling due after more than one year
 7 
(11,247)
(22,404)

  

Net (liabilities)/assets
  
£(49,937)
£3,381


Capital and reserves
  

Called up share capital 
 9 
10
10

Profit and loss account
  
(49,947)
3,371

  
£(49,937)
£3,381


Page 1

 
RECRUITMENT SOLUTIONS (FOLKESTONE) LIMITED
REGISTERED NUMBER:04533397

BALANCE SHEET (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 7 April 2025.





___________________________
J Brady
___________________________
H Morgan
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RECRUITMENT SOLUTIONS (FOLKESTONE) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Recruitment Solutions (Folkestone) Limited is a private company limited by shares and incorporated in England and Wales. The company registration number is 04533397. 
The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH.

2.Accounting policies

 
2.1

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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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.

Page 3

 
RECRUITMENT SOLUTIONS (FOLKESTONE) LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance basis
Fixtures and fittings
-
25% straight line basis

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Interest income

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

Page 4

 
RECRUITMENT SOLUTIONS (FOLKESTONE) LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Borrowing costs

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

 
2.11

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 balance sheet date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 43).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total



Cost or valuation


At 1 November 2023
4,139
18,078
22,217



At 31 October 2024

4,139
18,078
22,217



Depreciation


At 1 November 2023
4,139
17,146
21,285


Charge for the year on owned assets
-
540
540



At 31 October 2024

4,139
17,686
21,825



Net book value



At 31 October 2024
£-
£392
£392



At 31 October 2023
£-
£931
£931

Page 5

 
RECRUITMENT SOLUTIONS (FOLKESTONE) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023


Trade debtors
63,246
73,649

Other debtors
12,023
43,538

Prepayments and accrued income
977
5,357

£76,246
£122,544



6.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
11,906
11,906

Trade creditors
638
921

Corporation tax
23,522
32,741

Other taxation and social security
67,835
78,241

Other creditors
24,262
13,346

Accruals and deferred income
4,521
6,125

£132,684
£143,280


The following liabilities were secured:

2024
2023



Secured loan
18,705
-

18,705
-

Details of security provided:

Included in other creditors are loans of £18,705, (2023: Nil), secured against assets of the company.


7.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
£11,247
£22,404


Page 6

 
RECRUITMENT SOLUTIONS (FOLKESTONE) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
11,906
11,906

Amounts falling due 1-2 years

Bank loans
11,247
22,404



£23,153
£34,310



9.


Share capital

2024
2023
Allotted, called up and fully paid



2 (2023 - 2) Ordinary A shares of £1.00 each
2
2
2 (2023 - 2) Ordinary B shares of £1.00 each
2
2
2 (2023 - 2) Ordinary C shares of £1.00 each
2
2
2 (2023 - 2) Ordinary D shares of £1.00 each
2
2
1 (2023 - 1) Ordinary E share of £1.00
1
1
1 (2023 - 1) Ordinary F share of £1.00
1
1

£10

£10



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 £5,925 (2023 - £15,693). At the year end the amount owed to the pension fund was £377 (2023 - £1,143).

Page 7