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REGISTERED NUMBER: 12653006 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Evera Recruitment Ltd

Evera Recruitment Ltd (Registered number: 12653006)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Evera Recruitment Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S J Doyle
D G Roberts





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 12653006 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Evera Recruitment Ltd (Registered number: 12653006)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 108 125
Tangible assets 5 635,997 673,587
636,105 673,712

CURRENT ASSETS
Debtors 6 95,362 309,310
Cash at bank 360,705 441,490
456,067 750,800
CREDITORS
Amounts falling due within one year 7 77,905 256,233
NET CURRENT ASSETS 378,162 494,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,267

1,168,279

CREDITORS
Amounts falling due after more than one
year

8

(65,534

)

(82,853

)

PROVISIONS FOR LIABILITIES (123,648 ) (128,679 )
NET ASSETS 825,085 956,747

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 824,985 956,647
825,085 956,747

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

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

The directors acknowledge their 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.

Evera Recruitment Ltd (Registered number: 12653006)

Balance Sheet - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:




D G Roberts - Director



S J Doyle - Director


Evera Recruitment Ltd (Registered number: 12653006)

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

1. STATUTORY INFORMATION

Evera Recruitment Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable at the point in time and represents amounts receivable for services provided in the normal course of business, net of discounts, VAT and other sales-related taxes.

Turnover arising from the placement of permanent candidates, including turnover arising from recruitment process outsourcing (RPO) services, is recognised at the point in time the candidate commences full-time employment. Where a permanent candidate starts employment but does not work for the specified contractual period, a provision is made in respect of the required refund or credit note due to the client. The revenue recognised from a permanent placement is typically based on a percentage of the candidates remuneration package.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Office Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Evera Recruitment Ltd (Registered number: 12653006)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2024
and 31 December 2024 170
AMORTISATION
At 1 January 2024 45
Amortisation for year 17
At 31 December 2024 62
NET BOOK VALUE
At 31 December 2024 108
At 31 December 2023 125

Evera Recruitment Ltd (Registered number: 12653006)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2024 462,061 74,219 612
Additions - - 429
At 31 December 2024 462,061 74,219 1,041
DEPRECIATION
At 1 January 2024 - - 57
Charge for year 6,161 1,484 94
At 31 December 2024 6,161 1,484 151
NET BOOK VALUE
At 31 December 2024 455,900 72,735 890
At 31 December 2023 462,061 74,219 555

Office Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 42,013 127,489 24,525 730,919
Additions 1,022 - 4,031 5,482
At 31 December 2024 43,035 127,489 28,556 736,401
DEPRECIATION
At 1 January 2024 8,916 33,602 14,757 57,332
Charge for year 5,068 23,472 6,793 43,072
At 31 December 2024 13,984 57,074 21,550 100,404
NET BOOK VALUE
At 31 December 2024 29,051 70,415 7,006 635,997
At 31 December 2023 33,097 93,887 9,768 673,587

Evera Recruitment Ltd (Registered number: 12653006)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 125,895
DEPRECIATION
At 1 January 2024 33,441
Charge for year 23,114
At 31 December 2024 56,555
NET BOOK VALUE
At 31 December 2024 69,340
At 31 December 2023 92,454

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 83,656 296,849
Directors' current accounts 500 53
Prepayments 11,206 12,408
95,362 309,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 17,319 15,498
Trade creditors 5,719 7,447
Tax 13,600 151,339
Pensions Control Account 5,418 6,198
VAT 26,588 59,122
Other creditors 3,502 11,169
Accrued expenses 5,759 5,460
77,905 256,233

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 65,534 82,853

Evera Recruitment Ltd (Registered number: 12653006)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 82,853 98,351

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
S J Doyle
Balance outstanding at start of year 53 2,935
Amounts advanced 791 380
Amounts repaid (344 ) (3,262 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 500 53

Included within other debtors is an amount due from the director S Doyle to the company. This amount is interest free and is repaid in full following the balance sheet date.

11. ULTIMATE CONTROLLING PARTY

The controlling party is S J Doyle.

12. SHARE-BASED PAYMENT TRANSACTIONS

On 1st September 2022, an equity settled share option scheme was introduced for specific employees of the company. In accordance with the scheme rules, options are exercisable at the market value of the shares as
determined at the date of grant. If the options remain unexercised after a period of ten years from the date of grant the options expire. There were no changes to the terms of the plan during the year.

Details of the share options outstanding during the year are as follows:

20242023



Number Of
Share Options
Weighted
Average
Exercise Price

Number Of
Share Options
Weighted
Average
Exercise Price
Granted during the period0000
Outstanding at the end of the period5263£0.885263£0.88
Exercisable at the end of the period5263£0.885263£0.88


The options outstanding at 31 December 2024 had a weighted average exercise price of £0.88 and a weighted average remaining contractual life of 7 years. In 2022, option's were granted on 1 September 2022. The aggregate of the estimated fair value of the options granted on this date was £4,631.44.