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Registration number: 13490273

Absolute Personnel Recruitment Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Absolute Personnel Recruitment Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Absolute Personnel Recruitment Limited

Company Information

Directors

M Meddings

B D Meddings

Registered office

Ashwood House
6b The Professional Quarter
Sitka Drive
Shrewsbury Business Park
Shrewsbury
SY2 6LG

Accountants

Davidson Stant Limited
The Glen
Knutsford Old Road
Stockton Heath
Warrington
Cheshire
WA4 2LD

 

Absolute Personnel Recruitment Limited

(Registration number: 13490273)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

3

179,034

203,447

Tangible assets

4

82,381

28,421

 

261,415

231,868

Current assets

 

Debtors

5

390,117

348,052

Cash at bank and in hand

 

260,573

289,539

 

650,690

637,591

Creditors: Amounts falling due within one year

6

(801,364)

(707,361)

Net current liabilities

 

(150,674)

(69,770)

Total assets less current liabilities

 

110,741

162,098

Creditors: Amounts falling due after more than one year

6

(43,829)

(43,829)

Net assets

 

66,912

118,269

Capital and reserves

 

Called up share capital

7

101

101

Retained earnings

66,811

118,168

Shareholders' funds

 

66,912

118,269

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 August 2025 and signed on its behalf by:
 

 

Absolute Personnel Recruitment Limited

(Registration number: 13490273)
Balance Sheet as at 31 March 2025

.........................................

M Meddings

Director

 

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

 

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 10).

 

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

244,136

244,136

At 31 March 2025

244,136

244,136

Amortisation

At 1 April 2024

30,990

30,990

Amortisation charge

34,112

34,112

At 31 March 2025

65,102

65,102

Carrying amount

At 31 March 2025

179,034

179,034

At 31 March 2024

203,447

203,447

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

20,730

19,500

40,230

Additions

990

76,911

77,901

At 31 March 2025

21,720

96,411

118,131

Depreciation

At 1 April 2024

6,934

4,875

11,809

Charge for the year

3,697

20,244

23,941

At 31 March 2025

10,631

25,119

35,750

Carrying amount

At 31 March 2025

11,089

71,292

82,381

At 31 March 2024

13,796

14,625

28,421

5

Debtors

 

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current

2025
£

2024
£

Trade debtors

296,507

329,225

Prepayments

18,198

17,177

Other debtors

75,412

1,650

 

390,117

348,052

 

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

52,786

-

Trade creditors

 

27,141

7,903

Taxation and social security

 

208,773

156,534

Accruals and deferred income

 

37,052

36,758

Other creditors

 

475,612

506,166

 

801,364

707,361

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

43,829

43,829

7

Share capital

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

43,829

43,829

9

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £1,236.22 (2024 - £1,044.74) per each Ordinary shares

124,858

105,520

 

 

10

Related party transactions

 

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

25,140

12,570