REGISTERED NUMBER: 11743993 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Coltech Recruitment Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Waites

C Martin

REGISTERED OFFICE:

Room 501

DMC 01

County Way

Barnsley

S70 2JW

REGISTERED NUMBER:

11743993 (England and Wales)

ACCOUNTANTS:

Finoptus Consulting Limited

Room 501

DMC 01

County Way

Barnsley

South Yorkshire

S70 2JW

FIXED ASSETS

Tangible assets

4

1,943

20,611

Investments

5

812

812

2,755

21,423

CURRENT ASSETS

Debtors

6

1,153,253

2,007,963

Cash at bank

154,581

226,758

1,307,834

2,234,721

CREDITORS

Amounts falling due within one year

7

538,695

1,434,431

NET CURRENT ASSETS

769,139

800,290

TOTAL ASSETS LESS CURRENT LIABILITIES

771,894

821,713

CREDITORS

Amounts falling due after more than one year

8

(24,472

)

(30,093

)

PROVISIONS FOR LIABILITIES

(486

)

(3,916

)

NET ASSETS

746,936

787,704

CAPITAL AND RESERVES

Called up share capital

10

128

2

Retained earnings

746,808

787,702

SHAREHOLDERS' FUNDS

746,936

787,704

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.

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 24 September 2025 and were signed on its behalf by:

C Martin - Director

1.	STATUTORY INFORMATION

Coltech 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.

Preparation of consolidated financial statements

The financial statements contain information about Coltech Recruitment Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 with members of the same group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the work is performed by a contractor or on the candidates start date for permanent placements.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their expected residual values over their useful lives on the following bases:

Fixtures and fittings : 33.33%

Computer equipment : 33.33%

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

24,201

51,791

75,992

Disposals

(24,201

)

(36,847

)

(61,048

)

At 31 December 2024

-

14,944

14,944

DEPRECIATION

At 1 January 2024

14,771

40,610

55,381

Charge for year

472

9,238

9,710

Eliminated on disposal

(15,243

)

(36,847

)

(52,090

)

At 31 December 2024

-

13,001

13,001

NET BOOK VALUE

At 31 December 2024

-

1,943

1,943

At 31 December 2023

9,430

11,181

20,611

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

812

NET BOOK VALUE

At 31 December 2024

812

At 31 December 2023

812

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

193,622

599,140

Amounts owed by group undertakings

901,541

999,851

Other debtors

58,090

408,972

1,153,253

2,007,963

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

137,741

615,864

Trade creditors

17,810

124,552

Taxation and social security

243,487

368,888

Other creditors

139,657

325,127

538,695

1,434,431

Bank borrowings include advances under invoice factoring facilities of £132,120 (2023: £512,464) which are secured against trade debtors of £193,622 (2023: £898,833)

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

24,472

30,093

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 yrs

6,741

7,871

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

16,405

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

128

Ordinary Shares

£1

128

2

126 Ordinary Shares shares of £1 each were allotted and fully paid for cash at par during the year.

11.	RELATED PARTY DISCLOSURES

During the year the company charged £18,300 (2023: nil ) to Coltech Consulting Limited. At 31 December 2024 the company was owed £nil (2023 : £2,873) by Coltech Consulting Limited, a company in which the directors indirectly hold 67% of the share capital.