REGISTERED NUMBER: 10950306 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

CSR Staffing Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L McCluskey

S Kettle

Miss K L Prowen

REGISTERED OFFICE:

Room 501

DMC 01

County Way

Barnsley

S70 2JW

REGISTERED NUMBER:

10950306 (England and Wales)

ACCOUNTANTS:

Finoptus Consulting Limited

Room 501

DMC 01

County Way

Barnsley

South Yorkshire

S70 2JW

FIXED ASSETS

Tangible assets

4

267,023

12,182

CURRENT ASSETS

Debtors

5

2,706,089

2,417,844

Investments

6

65,140

65,140

Cash at bank

362,877

1,033,288

3,134,106

3,516,272

CREDITORS

Amounts falling due within one year

7

2,636,483

2,591,793

NET CURRENT ASSETS

497,623

924,479

TOTAL ASSETS LESS CURRENT LIABILITIES

764,646

936,661

CREDITORS

Amounts falling due after more than one year

8

(137,076

)

(13,550

)

PROVISIONS FOR LIABILITIES

(50,921

)

(2,755

)

NET ASSETS

576,649

920,356

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

576,549

920,256

576,649

920,356

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 26 September 2025 and were signed on its behalf by:

L McCluskey - Director

1.	STATUTORY INFORMATION

CSR Staffing Group 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.

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 relating to personnel recruitment and outsourcing. Turnover from temporary to permanent conversions is recognised evenly over the period of the original temporary placement. Turnover is reduced for customer rebates and other similar allowances.

Tangible fixed assets

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

Fixtures & Fittings 20 - 25% Straight line basis

Computer Equipment 33% Straight line basis

Leasehold Improvements 20% Straight line basis

Motor Vehicles 20% Reducing balance basis

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.

Hire purchase and leasing commitments

Leases of assets that transfer substantially all the risks and rewards incidental to ownership are classified as finance leases. Finance leases are capitalised at commencement of the lease as assets at the fair value of the leased asset or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease.

Assets are depreciated over the shorter of the lease term and the estimated useful life of the asset.

The capital element of lease obligations is recorded as a liability on inception of the arrangement. Lease payments are apportioned between capital repayment and finance charge, using the effective interest rate method, to produce a constant rate of charge on the balance of the capital repayments outstanding.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

-

39,878

-

9,070

48,948

Additions

7,387

183,778

59,700

49,812

300,677

At 31 December 2024

7,387

223,656

59,700

58,882

349,625

DEPRECIATION

At 1 January 2024

-

28,095

-

8,671

36,766

Charge for year

1,130

31,741

8,955

4,010

45,836

At 31 December 2024

1,130

59,836

8,955

12,681

82,602

NET BOOK VALUE

At 31 December 2024

6,257

163,820

50,745

46,201

267,023

At 31 December 2023

-

11,783

-

399

12,182

The net book value of fixtures and fittings and improvements to property includes an amount of £158,167 (2023 - £nil) in respect of assets held under finance leases and hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,234,785

2,135,529

Other debtors

471,304

282,315

2,706,089

2,417,844

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Current Asset Investments

65,140

65,140

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

1,529,429

1,255,659

Hire purchase contracts (see note 9)

31,383

-

Trade creditors

720,828

738,516

Taxation and social security

168,607

324,631

Other creditors

186,236

272,987

2,636,483

2,591,793

Bank borrowings include advances under invoice factoring facilities of £1,512,444 (2023:£1,245,043) which are secured against trade debtors and by way of a fixed and floating charge over the company's assets.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,196

13,550

Hire purchase contracts (see note 9)

132,880

-

137,076

13,550

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Gross obligations repayable:

Within one year

49,939

-

Between one and five years

162,167

-

212,106

-

Finance charges repayable:

Within one year

18,556

-

Between one and five years

29,287

-

47,843

-

Net obligations repayable:

Within one year

31,383

-

Between one and five years

132,880

-

164,263

-

Non-cancellable

operating leases

2024

2023

£

£

Within one year

115,759

136,862

Between one and five years

84,401

200,160

200,160

337,022

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024

2023

£

£

L McCluskey

Balance outstanding at start of year

240,749

-

Amounts advanced

331,504

240,749

Amounts repaid

(331,975

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

240,278

240,749