REGISTERED NUMBER: 11044432 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

TRADE TEAM RECRUITMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Palin

Mr A J Stringfellow

Mr M Heyes

REGISTERED OFFICE:

Unit 10a, Eagley House

Deakins Business Park

Blackburn Road, Egerton

Bolton

BL7 9RP

REGISTERED NUMBER:

11044432 (England and Wales)

ACCOUNTANTS:

BK Plus - Chorley

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

CURRENT ASSETS

Debtors

4

19,270

3,638,517

Cash at bank

17,183

11,000

36,453

3,649,517

CREDITORS

Amounts falling due within one year

5

821,405

862,258

NET CURRENT (LIABILITIES)/ASSETS

(784,952

)

2,787,259

TOTAL ASSETS LESS CURRENT LIABILITIES

(784,952

)

2,787,259

CREDITORS

Amounts falling due after more than one year

6

23,951

2,786,260

NET (LIABILITIES)/ASSETS

(808,903

)

999

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(809,003

)

899

SHAREHOLDERS' FUNDS

(808,903

)

999

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:

Mr A J Stringfellow - Director

1.	STATUTORY INFORMATION

Trade Team 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.

Revenue recognition

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

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.

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 NIL (2024 - NIL).

4.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

19,270

40,551

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

3,597,966

Aggregate amounts

19,270

3,638,517

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,514

5,514

Amounts owed to group undertakings

41,196

-

Tax

25

94,270

Social security and other taxes

(1,012

)

(15,158

)

VAT

650,269

679,972

Other creditors

3,780

1,270

Factoring account

11,020

32,676

Accrued expenses

110,613

63,714

821,405

862,258

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bounce back loan - 1-2 years

5,514

5,514

Bounce back loan - 2-5 years

16,542

16,542

Bounce back loan - 5+ years

1,895

6,893

Amounts owed to group undertakings

-

2,757,311

23,951

2,786,260

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Factoring account

11,020

32,676

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

8.	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.