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31/12/2024
2024-12-31
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No description of principal activities is disclosed
2024-01-01
Sage Accounts Production 24.0 - FRS102_2024
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xbrli:shares
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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
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2024-01-01
2024-12-31
12867377
bus:RegisteredOffice
2024-01-01
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bus:OrdinaryShareClass1
2024-01-01
2024-12-31
12867377
bus:LeadAgentIfApplicable
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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
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core:ShareCapital
2024-12-31
12867377
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core:ShareCapital
2024-12-31
12867377
bus:OrdinaryShareClass1
core:ShareCapital
2023-12-31
12867377
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2023-12-31
12867377
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2023-12-31
12867377
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2022-12-31
12867377
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2023-12-31
12867377
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2023-12-31
12867377
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2024-12-31
12867377
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12867377
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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.