Labour-Tech Recruitment Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04955741

Labour-Tech Recruitment Limited

Unaudited financial statements

31 March 2025

Labour-Tech Recruitment Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		489		169

Current assets

Debtors	6	326,956	312,938
Cash at bank and in hand		2,940	39,646
		---------	---------
		329,896	352,584

Creditors: Amounts falling due within one year	7	( 318,240)		( 344,545)
		---------		---------
Net current assets			11,656		8,039
			-------		------
Total assets less current liabilities			12,145		8,208

Provisions

Taxation including deferred tax	473	777
	-------	------
Net assets	12,618	8,985
	-------	------

Capital and reserves

Called up share capital	100	10
Profit and loss account	12,518	8,975
	-------	------
Shareholders funds	12,618	8,985
	-------	------

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.

For the 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 financial statements for the year in question in accordance with section 476 ;

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

Labour-Tech Recruitment Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 13 June 2025 , and are signed on behalf of the board by:

K F Wilson

Director

Company registration number: 04955741

Labour-Tech Recruitment Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55 Market Street, Ely, Cambridgeshire, CB7 4LR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Long leasehold property	-	25% straight line
Fixtures and fittings	-	33% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 63 (2024: 68 ).

5. Tangible assets

	Long leasehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	25,758	11,879	37,637
Additions	–	700	700
	-------	-------	-------
At 31 March 2025	25,758	12,579	38,337
	-------	-------	-------
Depreciation
At 1 April 2024	25,758	11,710	37,468
Charge for the year	–	380	380
	-------	-------	-------
At 31 March 2025	25,758	12,090	37,848
	-------	-------	-------
Carrying amount
At 31 March 2025	–	489	489
	-------	-------	-------
At 31 March 2024	–	169	169
	-------	-------	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	250,153	281,998
Amounts owed by group undertakings and undertakings in which the company has a participating interest	65,958	3,022
Other debtors	10,845	27,918
	---------	---------
	326,956	312,938
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	( 769)	13,152
Social security and other taxes	146,165	274,467
Other creditors	172,844	56,926
	---------	---------
	318,240	344,545
	---------	---------

Included in other creditors is an amount due to Lloyds Bank plc of £124,858 (2024 - £Nil), this is secured over certain trade debtors.

8. Directors' advances, credits and guarantees

Included within debtors at the year end is an interest-free directors loan account of £Nil (2024: 4,206). The maximum overdrawn balance during the year was £512.