Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-295true5recruitment consulting services2023-09-01falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10909721 2023-09-01 2024-08-31 10909721 2022-09-01 2023-08-31 10909721 2024-08-31 10909721 2023-08-31 10909721 c:Director1 2023-09-01 2024-08-31 10909721 d:OfficeEquipment 2023-09-01 2024-08-31 10909721 d:OfficeEquipment 2024-08-31 10909721 d:OfficeEquipment 2023-08-31 10909721 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10909721 d:ComputerEquipment 2023-09-01 2024-08-31 10909721 d:ComputerEquipment 2024-08-31 10909721 d:ComputerEquipment 2023-08-31 10909721 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10909721 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10909721 d:CurrentFinancialInstruments 2024-08-31 10909721 d:CurrentFinancialInstruments 2023-08-31 10909721 d:Non-currentFinancialInstruments 2024-08-31 10909721 d:Non-currentFinancialInstruments 2023-08-31 10909721 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10909721 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10909721 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10909721 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10909721 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 10909721 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 10909721 d:ShareCapital 2024-08-31 10909721 d:ShareCapital 2023-08-31 10909721 d:RetainedEarningsAccumulatedLosses 2024-08-31 10909721 d:RetainedEarningsAccumulatedLosses 2023-08-31 10909721 c:FRS102 2023-09-01 2024-08-31 10909721 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10909721 c:FullAccounts 2023-09-01 2024-08-31 10909721 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10909721 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 10909721 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 10909721 d:WithinOneYear 2024-08-31 10909721 d:WithinOneYear 2023-08-31 10909721 d:BetweenOneFiveYears 2024-08-31 10909721 d:BetweenOneFiveYears 2023-08-31 10909721 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 10909721









ANCHOR RECRUITMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
ANCHOR RECRUITMENT LIMITED
REGISTERED NUMBER: 10909721

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,228
2,990

  
3,228
2,990

Current assets
  

Debtors: amounts falling due within one year
 5 
2,262,582
2,639,413

Cash at bank and in hand
 6 
2,287
1,147

  
2,264,869
2,640,560

Creditors: amounts falling due within one year
 7 
(2,219,302)
(2,584,019)

Net current assets
  
 
 
45,567
 
 
56,541

Total assets less current liabilities
  
48,795
59,531

Creditors: amounts falling due after more than one year
 8 
(8,689)
(18,933)

Provisions for liabilities
  

Deferred tax
 10 
(614)
(747)

  
 
 
(614)
 
 
(747)

Net assets
  
39,492
39,851


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
39,491
39,850

  
39,492
39,851


Page 1

 
ANCHOR RECRUITMENT LIMITED
REGISTERED NUMBER: 10909721
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers 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 director acknowledges his 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 comprehensive income 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 by: 

................................................
K A Mills
Director
Date: 29 May 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ANCHOR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Anchor Recruitment Ltd is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The company's principal activity is that of recruitment consulting services.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.  

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

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.

 
2.4

Borrowing costs

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

Page 3

 
ANCHOR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

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 4

 
ANCHOR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Office equipment
-
straight line over useful life
Computer equipment
-
straight line over useful life

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.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Page 5

 
ANCHOR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities
Page 6

 
ANCHOR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
13,892
9,762
23,654


Additions
2,334
2,558
4,892



At 31 August 2024

16,226
12,320
28,546



Depreciation


At 1 September 2023
12,797
7,867
20,664


Charge for the year on owned assets
2,185
2,469
4,654



At 31 August 2024

14,982
10,336
25,318



Net book value



At 31 August 2024
1,244
1,984
3,228



At 31 August 2023
1,095
1,895
2,990

Page 7

 
ANCHOR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
724,440
1,152,387

Other debtors
1,462,959
1,379,793

Prepayments and accrued income
75,183
107,233

2,262,582
2,639,413



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,287
1,147

2,287
1,147



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,373
10,164

Trade creditors
1,429,350
1,544,159

Corporation tax
27,915
22,014

Other taxation and social security
175,477
286,160

Other creditors
509,550
654,847

Accruals and deferred income
66,637
66,675

2,219,302
2,584,019



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,689
18,933

8,689
18,933


Page 8

 
ANCHOR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,373
10,164


10,373
10,164


Amounts falling due 2-5 years

Bank loans
8,689
18,933


8,689
18,933


19,062
29,097


The debt detailed above is secured by way of a fixed and floating charge over the property and undertaking of the company, and contains a negative pledge.


10.


Deferred taxation




2024


£






At beginning of year
(748)


Charged to profit or loss
134



At end of year
(614)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(613)
(748)

(613)
(748)

Page 9

 
ANCHOR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

11.


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 £4,083 (2023: £4,468). Contributions totalling £1,243 (2023: £770) were payable to the fund at the balance sheet date.


12.


Commitments under operating leases

At 31 August 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
3,333
10,000

Later than 1 year and not later than 5 years
-
3,333

3,333
13,333

Page 10