27 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 12867377 2024-01-01 2024-12-31 12867377 2024-12-31 12867377 2023-12-31 12867377 2023-01-01 2023-12-31 12867377 2023-12-31 12867377 2022-12-31 12867377 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 12867377 bus:RegisteredOffice 2024-01-01 2024-12-31 12867377 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 12867377 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 12867377 bus:Director1 2024-01-01 2024-12-31 12867377 core:WithinOneYear 2024-12-31 12867377 core:WithinOneYear 2023-12-31 12867377 core:FurnitureFittingsToolsEquipment 2023-12-31 12867377 core:FurnitureFittingsToolsEquipment 2024-12-31 12867377 core:AfterOneYear 2023-12-31 12867377 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12867377 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12867377 core:UKTax 2024-01-01 2024-12-31 12867377 core:UKTax 2023-01-01 2023-12-31 12867377 bus:AllOrdinaryShares 2024-01-01 2024-12-31 12867377 bus:AllOrdinaryShares 2023-01-01 2023-12-31 12867377 core:ShareCapital 2024-12-31 12867377 core:ShareCapital 2023-12-31 12867377 core:RetainedEarningsAccumulatedLosses 2024-12-31 12867377 core:RetainedEarningsAccumulatedLosses 2023-12-31 12867377 core:ShareCapital 2022-12-31 12867377 core:RetainedEarningsAccumulatedLosses 2022-12-31 12867377 core:PreviouslyStatedAmount core:ShareCapital 2024-12-31 12867377 bus:OrdinaryShareClass1 core:ShareCapital 2024-12-31 12867377 bus:OrdinaryShareClass1 core:ShareCapital 2023-12-31 12867377 core:FurnitureFittingsToolsEquipment 2023-12-31 12867377 bus:Director1 2023-12-31 12867377 bus:Director1 2022-12-31 12867377 bus:Director1 2023-12-31 12867377 bus:Director1 2023-01-01 2023-12-31 12867377 bus:SmallEntities 2024-01-01 2024-12-31 12867377 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12867377 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12867377 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12867377 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 12867377
JTL RECRUITMENT LTD
Unaudited filleted financial statements
31 December 2024
JTL RECRUITMENT LTD
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
JTL RECRUITMENT LTD
Directors and other information
Director Ms J A Thomas
Company number 12867377
Registered office 202 Highfield Lane
Quinton
Birmingham
West Midlands
B32 1SA
Business address 202 Highfield Lane
Quinton
Birmingham
West Midlands
B32 1SA
Accountants MKD (ACCOUNTANTS) LIMITED
33 Cleeve
Abbotsgate
Tamworth
Staffordshire
B77 2QD
Bankers Barclays Bank PLc
Coventry 2
Leicester
Leicestershire
LE87 2BB
JTL RECRUITMENT LTD
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 7 45 105
_______ _______
45 105
Current assets
Debtors 8 265,204 173,710
Cash at bank 151,123 89,017
_______ _______
416,327 262,727
Creditors: amounts falling due
within one year 9 ( 430,656) ( 240,360)
_______ _______
Net current (liabilities)/assets ( 14,329) 22,367
_______ _______
Total assets less current liabilities ( 14,284) 22,472
Creditors: amounts falling due
after more than one year 10 - ( 9,989)
_______ _______
Net (liabilities)/assets ( 14,284) 12,483
_______ _______
Capital and reserves
Called up share capital 11 100 100
Profit and loss account ( 14,384) 12,383
_______ _______
Shareholders (deficit)/funds ( 14,284) 12,483
_______ _______
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 June 2025 , and are signed on behalf of the board by:
Ms J A Thomas
Director
Company registration number: 12867377
JTL RECRUITMENT LTD
Statement of changes in equity
Year ended 31 December 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2023 100 2,028 2,128
Profit for the year 57,155 57,155
_______ _______ _______
Total comprehensive income for the year - 57,155 57,155
Dividends paid and payable ( 46,800) ( 46,800)
_______ _______ _______
Total investments by and distributions to owners - ( 46,800) ( 46,800)
_______ _______ _______
At 31 December 2023 and 1 January 2024 100 12,383 12,483
Profit for the year 11,233 11,233
_______ _______ _______
Total comprehensive income for the year - 11,233 11,233
Dividends paid and payable ( 38,000) ( 38,000)
_______ _______ _______
Total investments by and distributions to owners - ( 38,000) ( 38,000)
_______ _______ _______
At 31 December 2024 100 ( 14,384) ( 14,284)
_______ _______ _______
JTL RECRUITMENT LTD
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 202 Highfield Lane, Quinton, Birmingham, West Midlands, B32 1SA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 27 (2023: 21 ).
5. Tax on profit
Major components of tax expense
2024 2023
£ £
Current tax:
UK current tax expense 2,630 14,924
Adjustments in respect of previous periods ( 79) ( 167)
_______ _______
Tax on profit 2,551 14,757
_______ _______
Reconciliation of tax expense
The tax assessed on the profit for the year is lower than (2023: lower than) the standard rate of corporation tax in the UK of 19.00 % (2023: 25.00%).
2024 2023
£ £
Profit before taxation 13,784 71,912
_______ _______
Profit multiplied by rate of tax 2,619 17,978
Adjustments in respect of prior periods ( 79) ( 167)
Effect of capital allowances and depreciation 11 12
Effect of different UK tax rates on some earnings - (3,066)
_______ _______
Tax on profit 2,551 14,757
_______ _______
6. Dividends
Equity dividends
2024 2023
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) 38,000 46,800
_______ _______
7. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2024 and 31 December 2024 300 300
_______ _______
Depreciation
At 1 January 2024 195 195
Charge for the year 60 60
_______ _______
At 31 December 2024 255 255
_______ _______
Carrying amount
At 31 December 2024 45 45
_______ _______
At 31 December 2023 105 105
_______ _______
8. Debtors
2024 2023
£ £
Trade debtors 258,280 169,336
Prepayments and accrued income 6,924 4,374
_______ _______
265,204 173,710
_______ _______
9. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loan 204,337 152,910
Trade creditors 122,591 12,619
Accruals and deferred income 20,759 2,318
Corporation tax 2,630 14,924
Social security and other taxes 79,787 55,668
Other creditors 552 899
_______ _______
430,656 240,360
_______ _______
Included in bank loan above is a invoice financing loan secured on the company's trade debtors.
Drawdown of up to 90% eligible trade debtors is available up to a maximum of £200,000.
The balance due to Paragon invoice finance as at 31 December 2024 was £193,054 £2023 - £146, 122).
10. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loan - 9,989
_______ _______
Included in bank loan is a barclays bank loan of £0 (2023 - £20,000)
The balance due to barclays bank as at 31 December 2024 was £11,283 (2023 - £16,777).
11. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
12. Capital commitments
There were no capital commitments as at 31st December 2024 (2023 - £0).
13. Contingent assets and liabilities
There were no contingent assets and liabilities as at 31st December 2024 (2023 - £0).
14. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Ms J A Thomas ( 1,022) - 1,022 -
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Ms J A Thomas ( 2,714) ( 1,202) 2,894 ( 1,022)
_______ _______ _______ _______
15. Controlling party
The company is controlled by Ms JA Thomas, the company's director and majority shareholder throughout the current year and previous year.