Registered number
09143899
Total Facilities Recruitment Ltd
Filleted Accounts
31 December 2024
Total Facilities Recruitment Ltd
Registered number: 09143899
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 3,154 2,676
Current assets
Debtors 5 1,570,373 1,604,179
Cash at bank and in hand 246,862 64,507
1,817,235 1,668,686
Creditors: amounts falling due within one year 6 (1,492,359) (1,381,958)
Net current assets 324,876 286,728
Total assets less current liabilities 328,030 289,404
Creditors: amounts falling due after more than one year 7 (168,458) (168,458)
Provisions for liabilities (836) (709)
Net assets 158,736 120,237
Capital and reserves
Called up share capital 100 100
Profit and loss account 158,636 120,137
Shareholder's funds 158,736 120,237
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Barclay
Director
Approved by the board on 11 September 2025
Total Facilities Recruitment Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements over the lease term
Furniture and wquipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 6,000
At 31 December 2024 6,000
Amortisation
At 1 January 2024 6,000
At 31 December 2024 6,000
Net book value
At 31 December 2024 -
Software is being written off in equal annual instalments over its estimated economic life of 3 years.
4 Tangible fixed assets
Leasehold improvement Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 7,177 16,002 23,179
Additions - 2,591 2,591
At 31 December 2024 7,177 18,593 25,770
Depreciation
At 1 January 2024 4,664 15,839 20,503
Charge for the year 1,436 677 2,113
At 31 December 2024 6,100 16,516 22,616
Net book value
At 31 December 2024 1,077 2,077 3,154
At 31 December 2023 2,513 163 2,676
5 Debtors 2024 2023
£ £
Trade debtors 1,148,888 1,192,752
Amounts owed by group undertakings and undertakings in which the company has a participating interest 390,068 390,068
Prepayments 25,667 15,524
Other debtors 5,750 5,835
1,570,373 1,604,179
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 32,658 27,242
Taxation and social security costs 277,208 207,716
Invoice discounting facility 1,101,943 1,056,228
Accruals 26,354 28,488
Other creditors 54,196 62,284
1,492,359 1,381,958
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors' loans 168,458 168,458
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 93,398 43,750
9 Controlling party
The company is controlled by Total Facilities Group Ltd. Its registered office is 32 Station Square, Petts Wood, Orpington BR5 1NA.
10 Other information
Total Facilities Recruitment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
32 Station Square
Petts Wood
Orpington
Kent
BR5 1NA
Total Facilities Recruitment Ltd 09143899 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 K Barclay No description of principal activity 09143899 2023-01-01 2023-12-31 09143899 core:WithinOneYear 2023-12-31 09143899 core:AfterOneYear 2023-12-31 09143899 core:ShareCapital 2023-12-31 09143899 core:RetainedEarningsAccumulatedLosses 2023-12-31 09143899 core:AllPeriods 2023-12-31 09143899 2024-01-01 2024-12-31 09143899 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09143899 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09143899 bus:Director40 2024-01-01 2024-12-31 09143899 1 2024-01-01 2024-12-31 09143899 2 2024-01-01 2024-12-31 09143899 core:LandBuildings 2024-01-01 2024-12-31 09143899 core:PlantMachinery 2024-01-01 2024-12-31 09143899 countries:England 2024-01-01 2024-12-31 09143899 bus:FRS102 2024-01-01 2024-12-31 09143899 bus:FilletedAccounts 2024-01-01 2024-12-31 09143899 2024-12-31 09143899 core:WithinOneYear 2024-12-31 09143899 core:AfterOneYear 2024-12-31 09143899 core:ShareCapital 2024-12-31 09143899 core:RetainedEarningsAccumulatedLosses 2024-12-31 09143899 core:Goodwill 2024-12-31 09143899 core:LandBuildings 2024-12-31 09143899 core:PlantMachinery 2024-12-31 09143899 core:AllPeriods 2024-12-31 09143899 2023-12-31 09143899 core:Goodwill 2023-12-31 09143899 core:LandBuildings 2023-12-31 09143899 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure