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REGISTERED NUMBER: 03579839 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

South West Recruitment Limited

South West Recruitment Limited (Registered number: 03579839)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


South West Recruitment Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S Hoey





REGISTERED OFFICE: 3 Grove Road
Wrexham
LL11 1DY





REGISTERED NUMBER: 03579839 (England and Wales)





ACCOUNTANTS: Guy Walmsley Limited
3 Grove Road
Wrexham
LL11 1DY

South West Recruitment Limited (Registered number: 03579839)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,547 3,333

CURRENT ASSETS
Debtors 5 602,017 642,910
Investments 6 217,906 217,906
Cash at bank 31,264 99,816
851,187 960,632
CREDITORS
Amounts falling due within one year 7 517,025 547,775
NET CURRENT ASSETS 334,162 412,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,709

416,190

CREDITORS
Amounts falling due after more than one
year

8

26,852

32,408
NET ASSETS 309,857 383,782

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 309,855 383,780
SHAREHOLDERS' FUNDS 309,857 383,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

South West Recruitment Limited (Registered number: 03579839)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





S Hoey - Director


South West Recruitment Limited (Registered number: 03579839)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

South West Recruitment Limited 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

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.

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 110 (2023 - 110 ) .

South West Recruitment Limited (Registered number: 03579839)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 11,960 794 21,457 34,211
DEPRECIATION
At 1 July 2023 9,821 775 20,282 30,878
Charge for year 428 5 353 786
At 30 June 2024 10,249 780 20,635 31,664
NET BOOK VALUE
At 30 June 2024 1,711 14 822 2,547
At 30 June 2023 2,139 19 1,175 3,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 328,381 380,202
Other debtors 94,039 95,239
Directors' current accounts 174,859 162,957
Prepayments 4,738 4,512
602,017 642,910

6. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Investment 217,906 217,906

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 6,018 6,018
Trade creditors 911 911
Tax 16,335 11,111
Social security and other taxes 140,666 126,646
Other creditors 729 760
Auto Enrolment Pensions Ac 373 336
Accrued expenses 351,993 401,993
517,025 547,775

South West Recruitment Limited (Registered number: 03579839)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Loan 6,019 6,019
Bank loans - 2-5 years 18,055 18,055
Bank loans more 5 yr by instal 2,778 8,334
26,852 32,408

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,778 8,334