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Company No: 11589032 (England and Wales)

HENRY MARTIN RECRUITMENT GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

HENRY MARTIN RECRUITMENT GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

HENRY MARTIN RECRUITMENT GROUP LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
HENRY MARTIN RECRUITMENT GROUP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Jamie Ashley Herman
Joel Paul Herman
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 11589032 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
HENRY MARTIN RECRUITMENT GROUP LIMITED

BALANCE SHEET

As at 31 December 2024
HENRY MARTIN RECRUITMENT GROUP LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.24 31.12.23
£ £
Fixed assets
Tangible assets 3 8,695 12,480
8,695 12,480
Current assets
Debtors 4 246,269 267,893
Cash at bank and in hand 217,485 277,322
463,754 545,215
Creditors: amounts falling due within one year 5 ( 140,950) ( 131,011)
Net current assets 322,804 414,204
Total assets less current liabilities 331,499 426,684
Creditors: amounts falling due after more than one year 6 0 ( 8,451)
Net assets 331,499 418,233
Capital and reserves
Called-up share capital 100 100
Profit and loss account 331,399 418,133
Total shareholders' funds 331,499 418,233

For the financial 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.

Directors' responsibilities:

The financial statements of Henry Martin Recruitment Group Limited (registered number: 11589032) were approved and authorised for issue by the Board of Directors on 11 April 2025. They were signed on its behalf by:

Jamie Ashley Herman
Director
HENRY MARTIN RECRUITMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
HENRY MARTIN RECRUITMENT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Henry Martin Recruitment Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 3 years straight line
Fixtures and fittings 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Pension costs and other post-retirement benefit

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.

Secured Debt

The company has a Fixed and Floating charges against all the property or undertaking of the company.

2. Employees

31.12.24 31.12.23
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 6

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 January 2024 4,205 8,588 13,476 26,269
Additions 0 0 3,319 3,319
At 31 December 2024 4,205 8,588 16,795 29,588
Accumulated depreciation
At 01 January 2024 2,804 4,294 6,691 13,789
Charge for the financial year 1,401 2,147 3,556 7,104
At 31 December 2024 4,205 6,441 10,247 20,893
Net book value
At 31 December 2024 0 2,147 6,548 8,695
At 31 December 2023 1,401 4,294 6,785 12,480

4. Debtors

31.12.24 31.12.23
£ £
Trade debtors 109,380 85,420
Amounts owed by related parties 8,878 0
Other debtors 128,011 182,473
246,269 267,893

5. Creditors: amounts falling due within one year

31.12.24 31.12.23
£ £
Bank loans 8,452 6,230
Trade creditors 29,555 6,710
Taxation and social security 96,628 99,459
Other creditors 6,315 18,612
140,950 131,011

6. Creditors: amounts falling due after more than one year

31.12.24 31.12.23
£ £
Bank loans 0 8,451

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with the entity's directors

31.12.24 31.12.23
£ £
Director 1 0 0
Amounts advanced 112,694 159,208
Amounts repaid (129,594) (183,958)
Director 2 0 0
Amounts advanced 85,349 216,133
Amounts repaid (105,002) (241,850)
0 0

The loan to the directors are repayable on demand. Interest is charged on loans at the official rate set by HMRC.

8. Operating profit

The operating profit is stated after charging :

31.12.24 31.12.23
£ £
Depreciation owned assets 7,105 6,804