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Company Registration No. 05196299 (England and Wales)
COMMUNICATE RECRUITMENT SOLUTIONS LIMITED Unaudited accounts for the year ended 31 December 2024
COMMUNICATE RECRUITMENT SOLUTIONS LIMITED Unaudited accounts Contents
Page
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COMMUNICATE RECRUITMENT SOLUTIONS LIMITED Company Information for the year ended 31 December 2024
Directors
Mr James Lock Mr Thome De Freitas
Secretary
Mrs Kathryn Lock
Company Number
05196299 (England and Wales)
Registered Office
3 COPTHALL AVENUE LONDON EC2R 7BH ENGLAND
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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COMMUNICATE RECRUITMENT SOLUTIONS LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
31,909 
34,609 
Tangible assets
48,351 
50,814 
Investments
- 
50,291 
80,260 
135,714 
Current assets
Debtors
1,142,870 
1,819,014 
Cash at bank and in hand
5,789 
28,967 
1,148,659 
1,847,981 
Creditors: amounts falling due within one year
(1,191,073)
(1,764,975)
Net current (liabilities)/assets
(42,414)
83,006 
Total assets less current liabilities
37,846 
218,720 
Creditors: amounts falling due after more than one year
- 
(18,518)
Provisions for liabilities
Deferred tax
(8,590)
(9,655)
Net assets
29,256 
190,547 
Capital and reserves
Called up share capital
90 
90 
Share premium
5,000 
5,000 
Revaluation reserve
14,000 
14,000 
Profit and loss account
10,166 
171,457 
Shareholders' funds
29,256 
190,547 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by
Mr Thome De Freitas Director Company Registration No. 05196299
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COMMUNICATE RECRUITMENT SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
COMMUNICATE RECRUITMENT SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05196299. The registered office is 3 COPTHALL AVENUE, LONDON, EC2R 7BH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Other intangible assets consist of website costs and crypto currency. The crypto is treated under the revaluation model. The artwork is held at cost. The website is amortised to profit and loss account over its estimated economic life of five years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Fixtures & fittings
25% on cost, Artwork held at cost
Computer equipment
33% on cost and 25% on cost
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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COMMUNICATE RECRUITMENT SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
38,209 
At 31 December 2024
38,209 
Amortisation
At 1 January 2024
3,600 
Charge for the year
2,700 
At 31 December 2024
6,300 
Net book value
At 31 December 2024
31,909 
At 31 December 2023
34,609 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
12,589 
47,785 
2,622 
62,996 
Additions
- 
717 
- 
717 
At 31 December 2024
12,589 
48,502 
2,622 
63,713 
Depreciation
At 1 January 2024
10,053 
826 
1,303 
12,182 
Charge for the year
1,259 
1,065 
856 
3,180 
At 31 December 2024
11,312 
1,891 
2,159 
15,362 
Net book value
At 31 December 2024
1,277 
46,611 
463 
48,351 
At 31 December 2023
2,536 
46,959 
1,319 
50,814 
6
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 January 2024
81 
50,210 
50,291 
Disposals
(81)
(50,210)
(50,291)
Valuation at 31 December 2024
- 
- 
- 
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COMMUNICATE RECRUITMENT SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,753,590 
1,218,072 
Amounts due from group undertakings etc.
(1,086,314)
112,931 
Accrued income and prepayments
196,244 
301,979 
Other debtors
279,350 
186,032 
1,142,870 
1,819,014 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,518 
55,556 
VAT
187,227 
174,563 
Trade creditors
122,440 
114,964 
Taxes and social security
145,084 
270,171 
Other creditors
384,323 
577,473 
Loans from directors
6,635 
124,043 
Accruals
326,846 
448,205 
1,191,073 
1,764,975 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
18,518 
10
Average number of employees
During the year the average number of employees was 26 (2023: 26).
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