THE EMPLOYMENT AGENTS MOVEMENT (UK) LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03949265

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		38,982		47,557
Tangible Assets	5		1,244		8,723

			40,226		56,280
CURRENT ASSETS
Debtors	6	703,979		988,120
Cash at bank and in hand		79,400		16,640

		783,379		1,004,760
Creditors: Amounts Falling Due Within One Year	7	(157,740 )		(451,395 )

NET CURRENT ASSETS (LIABILITIES)			625,639		553,365

TOTAL ASSETS LESS CURRENT LIABILITIES			665,865		609,645

PROVISIONS FOR LIABILITIES
Provisions for liabilities			(10,336 )		(880 )
Deferred Taxation			(236 )		(1,657 )

NET ASSETS			655,293		607,108

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			654,293		606,108

SHAREHOLDERS' FUNDS			655,293		607,108

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THE EMPLOYMENT AGENTS MOVEMENT (UK) LIMITED

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S D Bliss

Director

18/07/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

THE EMPLOYMENT AGENTS MOVEMENT (UK) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03949265 . The registered office is Pm House, Old Portsmouth Road, Peasmarsh, Guildford, GU3 1LZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets include website, computer software and acquired customer database. They are amortised to profit and loss account over their estimated economic life of between three to four years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% on reducing balance
Fixtures & Fittings	20% on cost
Computer Equipment	50% on cost

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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THE EMPLOYMENT AGENTS MOVEMENT (UK) LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 7)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	73,226
Additions	14,456

As at 31 December 2024	87,682

Amortisation
As at 1 January 2024	25,669
Provided during the period	23,031

As at 31 December 2024	48,700

Net Book Value
As at 31 December 2024	38,982

As at 1 January 2024	47,557

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	7,000	1,832	6,412	15,244
Additions	-	-	810	810
Disposals	(7,000 )	-	-	(7,000 )

As at 31 December 2024	-	1,832	7,222	9,054

Depreciation
As at 1 January 2024	200	1,398	4,923	6,521
Provided during the period	1,247	166	1,323	2,736
Disposals	(1,447 )	-	-	(1,447 )

As at 31 December 2024	-	1,564	6,246	7,810

Net Book Value
As at 31 December 2024	-	268	976	1,244

As at 1 January 2024	6,800	434	1,489	8,723

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THE EMPLOYMENT AGENTS MOVEMENT (UK) LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	11,447	309,648
Amounts owed by group undertakings	673,338	618,141
Other debtors	19,194	60,331

	703,979	988,120

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	5,116	53,742
Other creditors	86,896	338,200
Taxation and social security	65,728	59,453

	157,740	451,395

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

9. Related Party Transactions

TEAM Recruitment Network Limited

Parent Company

At the end of the reporting period, TEAM Recruitment Network Limited owed £673,338 (2023: £618,141) to the company.

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