Nicholas Jon Recruitment Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06768299 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NICHOLAS JON RECRUITMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Hodgson

E C Hodgson

REGISTERED OFFICE:

41 Cubbington Road

Leamington Spa

Warwickshire

CV32 7AA

REGISTERED NUMBER:

06768299 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

12,214

17,948

CURRENT ASSETS

Debtors

5

57,283

14,014

Cash at bank

2

10,006

57,285

24,020

CREDITORS

Amounts falling due within one year

6

36,961

22,594

NET CURRENT ASSETS

20,324

1,426

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,538

19,374

CREDITORS

Amounts falling due after more than one
year

7

(32,486

)

(18,335

)

PROVISIONS FOR LIABILITIES

-

(987

)

NET ASSETS

52

CAPITAL AND RESERVES

Called up and paid share capital

2

Retained earnings

50

SHAREHOLDERS' FUNDS

52

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

N Hodgson - Director

1.	STATUTORY INFORMATION

Nicholas Jon Recruitment Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

The financial statements have been prepared on the going concern basis, on the understanding that the company will receive continued support from the directors for a period of at least 12 months from the date of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

1,676

8,580

34,399

11,570

56,225

DEPRECIATION

At 1 January 2024

1,676

4,830

21,475

10,296

38,277

Charge for year

-

1,875

2,585

1,274

5,734

At 31 December 2024

1,676

6,705

24,060

11,570

44,011

NET BOOK VALUE

At 31 December 2024

-

1,875

10,339

-

12,214

At 31 December 2023

-

3,750

12,924

1,274

17,948

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

5,000

Other debtors

-

595

Directors' current accounts

57,283

8,419

57,283

14,014

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans

7,328

10,000

Trade creditors

141

-

Tax

13,287

1,764

Social security and other taxes

106

-

VAT

14,816

9,631

Accrued expenses

1,283

1,199

36,961

22,594

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 1-2 years

7,513

10,000

Bank loans - 2-5 years

24,973

8,335

32,486

18,335

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £57,283 (2023 - £8,419) and repayments during the year were £8,419 (2023 - £50,615). At the year end the amount owing to the company was £57,283 (2023 - £8,419).