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Company No: 10847233 (England and Wales)

OPTIMUM RECRUITMENT GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

OPTIMUM RECRUITMENT GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

OPTIMUM RECRUITMENT GROUP LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
OPTIMUM RECRUITMENT GROUP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTOR Abigail Louise Simpson
REGISTERED OFFICE 5 Gateforth Court
Hambleton
Selby
YO8 9GX
United Kingdom
COMPANY NUMBER 10847233 (England and Wales)
ACCOUNTANT Ian Walker & Co
Wellington House
Aviator Court
Clifton Moor
York
YO30 4UZ
OPTIMUM RECRUITMENT GROUP LIMITED

BALANCE SHEET

As at 31 March 2025
OPTIMUM RECRUITMENT GROUP LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 2,613 4,827
2,613 4,827
Current assets
Debtors 4 57,165 22,952
Cash at bank and in hand 5 11,401 51,839
68,566 74,791
Creditors: amounts falling due within one year 6 ( 37,263) ( 36,269)
Net current assets 31,303 38,522
Total assets less current liabilities 33,916 43,349
Creditors: amounts falling due after more than one year 7 ( 20,095) ( 24,704)
Net assets 13,821 18,645
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 13,721 18,545
Total shareholder's funds 13,821 18,645

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Optimum Recruitment Group Limited (registered number: 10847233) were approved and authorised for issue by the Director on 09 May 2025. They were signed on its behalf by:

Abigail Louise Simpson
Director
OPTIMUM RECRUITMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
OPTIMUM RECRUITMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Optimum Recruitment Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Gateforth Court, Hambleton, Selby, YO8 9GX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 11,635 11,635
At 31 March 2025 11,635 11,635
Accumulated depreciation
At 01 April 2024 6,808 6,808
Charge for the financial year 2,214 2,214
At 31 March 2025 9,022 9,022
Net book value
At 31 March 2025 2,613 2,613
At 31 March 2024 4,827 4,827

4. Debtors

2025 2024
£ £
Trade debtors 55,523 21,277
Other debtors 1,642 1,675
57,165 22,952

5. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 11,401 51,839

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 4,501 4,319
Taxation and social security 30,665 30,325
Other creditors 2,097 1,625
37,263 36,269

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 20,095 24,704

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100