REGISTERED NUMBER: 08102215 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

MULTI TRADES RECRUITMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Palin

M Heyes

A J Stringfellow

REGISTERED OFFICE:

Unit 10a, Eagley House

Deakins Business Park

Blackburn Road

Bolton

BL7 9RP

REGISTERED NUMBER:

08102215 (England and Wales)

ACCOUNTANTS:

BK Plus - Chorley

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Tangible assets

4

3,469

3,952

CURRENT ASSETS

Debtors

5

1,712,343

5,091,441

Cash at bank

136,977

58,616

1,849,320

5,150,057

CREDITORS

Amounts falling due within one year

6

1,941,494

1,461,697

NET CURRENT (LIABILITIES)/ASSETS

(92,174

)

3,688,360

TOTAL ASSETS LESS CURRENT LIABILITIES

(88,705

)

3,692,312

CREDITORS

Amounts falling due after more than one year

7

-

(3,690,448

)

PROVISIONS FOR LIABILITIES

(912

)

(988

)

NET (LIABILITIES)/ASSETS

(89,617

)

876

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(89,717

)

776

SHAREHOLDERS' FUNDS

(89,617

)

876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 5th September 2025 and were signed on its behalf by:

A J Stringfellow - Director

1.	STATUTORY INFORMATION

Multi Trades Recruitment 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 rendering of services, which 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.3% on reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

5,287

8,833

12,212

26,332

Additions

-

-

2,257

2,257

At 31st March 2025

5,287

8,833

14,469

28,589

DEPRECIATION

At 1st April 2024

5,011

8,171

9,198

22,380

Charge for year

69

165

2,506

2,740

At 31st March 2025

5,080

8,336

11,704

25,120

NET BOOK VALUE

At 31st March 2025

207

497

2,765

3,469

At 31st March 2024

276

662

3,014

3,952

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

1,617,200

1,227,444

Amounts owed by group undertakings

60,518

-

Other debtors

-

888

VAT

-

12,229

Prepayments

34,625

20,187

1,712,343

1,260,748

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

3,830,693

Aggregate amounts

1,712,343

5,091,441

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

33,333

Other loans

19,484

-

Trade creditors

326,854

204,671

Amounts owed to group undertakings

97,692

-

Tax

127,118

24,566

Social security and other taxes

32,746

76,001

VAT

139,536

-

Other creditors

75,781

12,857

Factoring account

1,090,254

874,794

Accrued expenses

32,029

235,475

1,941,494

1,461,697

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

-

3,690,448

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

28,320

25,960

Between one and five years

25,960

56,640

54,280

82,600

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Factoring Account

1,090,254

874,794

The invoice financing contains fixed & floating charges which covers all the property & undertakings of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

During the year the company was charged for consultancy fees by the following companies:

2025

2024

AP-RP Hospitality Ltd

£Nil

£17,422

Mikdelv Ltd

£Nil

£6,980

Stringfellow Accounts Ltd

£Nil

£5,584

RH Contracting

£Nil

£838

The Directors Mr Palin, Mr Heyes and Mr Stringfellow are also Directors/Shareholders within their respective companies named above.

12.	ULTIMATE CONTROLLING PARTY

During the year the controlling party was Multi Trade Holding Ltd, registered address of Unit 10a, Eagley House, Blackburn Road, Egerton Bolton, BL7 9RP.