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REGISTERED NUMBER: 08308319 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Recruso Ltd

Recruso Ltd (Registered number: 08308319)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Recruso Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M J Carter
D J Steel





REGISTERED OFFICE: 264 High Street
Beckenham
Kent
BR3 1DZ





REGISTERED NUMBER: 08308319 (England and Wales)





ACCOUNTANTS: Campbell Mackay Limited
Chartered Certified Accountants
Bridge House
100 Wellington Road
Turton
Bolton
BL7 0EA

Recruso Ltd (Registered number: 08308319)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 103,777 152,749
103,777 152,749

CURRENT ASSETS
Debtors 6 277,692 307,688
Prepayments and accrued income 789 -
Cash at bank 369,000 389,132
647,481 696,820
CREDITORS
Amounts falling due within one year 7 276,554 241,405
NET CURRENT ASSETS 370,927 455,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,704

608,164

CREDITORS
Amounts falling due after more than one
year

8

(114,459

)

(147,482

)

PROVISIONS FOR LIABILITIES (25,944 ) (38,187 )
NET ASSETS 334,301 422,495

CAPITAL AND RESERVES
Called up share capital 42 42
Retained earnings 334,259 422,453
SHAREHOLDERS' FUNDS 334,301 422,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Recruso Ltd (Registered number: 08308319)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:





D J Steel - Director


Recruso Ltd (Registered number: 08308319)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Recruso Ltd 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 comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.

Turnover is released over the period in which the services have been supplied to ensure income is recognised in the profit and loss accounts in the period in which services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at historic cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Furniture, fittings and office equipment - 25% on cost
Computer equipment - 33% on cost
Motor vehicles - 25% on cost

The assets' residual values , useful lives and depreciation methods are reviewed and adjusted if appropriate, or if there is an indication of a significant change since the last reporting date.

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.


Recruso Ltd (Registered number: 08308319)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds basic financial instruments, which comprise cash at bank and in hand, trade and other debtors, borrowings and trade and other creditors. The company has chosen to apply the measurement and recognition provisions of section 11 Basic Financial Instruments.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses of bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutes, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

Recruso Ltd (Registered number: 08308319)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 19,200
AMORTISATION
At 1 January 2024
and 31 December 2024 19,200
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 208,231
Additions 1,828
At 31 December 2024 210,059
DEPRECIATION
At 1 January 2024 55,482
Charge for year 50,800
At 31 December 2024 106,282
NET BOOK VALUE
At 31 December 2024 103,777
At 31 December 2023 152,749

Recruso Ltd (Registered number: 08308319)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 195,513
DEPRECIATION
At 1 January 2024 45,015
Charge for year 48,879
At 31 December 2024 93,894
NET BOOK VALUE
At 31 December 2024 101,619
At 31 December 2023 150,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 75,033 105,029
Other debtors 202,659 202,659
277,692 307,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 22,160 22,161
Trade creditors 18 -
Taxation and social security 220,107 199,496
Other creditors 24,269 9,748
276,554 241,405

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,167 14,167
Hire purchase contracts 110,292 133,315
114,459 147,482

Recruso Ltd (Registered number: 08308319)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 132,452 155,476

10. RELATED PARTY DISCLOSURES

Included within other debtors is £200,000 (2023 - £200,000) owed by Recruso Holdings Ltd.