1 January 2024 v2025.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP067529762024-01-012024-12-31067529762024-12-31067529762023-12-3106752976core:WithinOneYear2024-12-3106752976core:WithinOneYear2023-12-3106752976core:AfterOneYear2024-12-3106752976core:AfterOneYear2023-12-3106752976core:ShareCapital2024-12-3106752976core:ShareCapital2023-12-3106752976core:SharePremium2024-12-3106752976core:SharePremium2023-12-3106752976core:RetainedEarningsAccumulatedLosses2024-12-3106752976core:RetainedEarningsAccumulatedLosses2023-12-3106752976bus:Director12024-01-012024-12-3106752976bus:RegisteredOffice2024-01-012024-12-3106752976core:OfficeEquipment2024-01-012024-12-3106752976core:FurnitureFittings2024-01-012024-12-31067529762023-01-012023-12-3106752976core:PlantMachinery2024-01-0106752976core:PlantMachinery2024-01-012024-12-3106752976core:PlantMachinery2024-12-3106752976core:PlantMachinery2023-12-3106752976core:BetweenOneFiveYears2024-12-3106752976core:BetweenOneFiveYears2023-12-310675297612024-01-012024-12-3106752976countries:EnglandWales2024-01-012024-12-3106752976bus:AuditExemptWithAccountantsReport2024-01-012024-12-3106752976bus:PrivateLimitedCompanyLtd2024-01-012024-12-3106752976bus:SmallEntities2024-01-012024-12-3106752976bus:FullAccounts2024-01-012024-12-31
Company registration number:
06752976
Career Recruitment Moves Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Career Recruitment Moves Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Career Recruitment Moves Ltd
Year ended
31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Career Recruitment Moves Ltd
for the year ended
31 December 2024
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Career Recruitment Moves Ltd
, as a body, in accordance with the terms of my engagement letter dated 2 September 2025. My work has been undertaken solely to prepare for your approval the
financial statements
of
Career Recruitment Moves Ltd
and state those matters that I have agreed to state to the Board of Directors of
Career Recruitment Moves Ltd
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Career Recruitment Moves Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Career Recruitment Moves Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Career Recruitment Moves Ltd
. You consider that
Career Recruitment Moves Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Career Recruitment Moves Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Emery & Co Accountants Limited
The Old Cottage Hospital
Leicester Road
Ashby-De-La-Zouch
Leicestershire
LE65 1DB
United Kingdom
Career Recruitment Moves Ltd
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
4,494
 
7,100
 
Current assets    
Debtors 6
62,702
 
75,080
 
Cash at bank and in hand
87,194
 
143,026
 
149,896
 
218,106
 
Creditors: amounts falling due within one year 7
(128,415
 )
(120,488
 )
Net current assets
21,481
 
97,618
 
Total assets less current liabilities 25,975   104,718  
Creditors: amounts falling due after more than one year 8
(10,833
 )
(36,833
 )
Provisions for liabilities
(854
 )
(1,669
 )
Net assets
14,288
 
66,216
 
Capital and reserves    
Called up share capital
102
 
102
 
Share premium
129
 
597
 
Profit and loss account
14,057
 
65,517
 
Shareholders funds
14,288
 
66,216
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 September 2025
, and are signed on behalf of the board by:
A Sambrooks
Director
Company registration number:
06752976
Career Recruitment Moves Ltd
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Birmingham Blythe Valley Business Park
,
Central Boulevard
,
Solihull
,
West Midlands
,
B90 8AG
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line
Fixtures and fittings
15% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Enterprise Management Incentive

The company operates an Enterprise Management Incentive (EMI) share option scheme for selected employees.
In accordance with FRS 102 Section 26, the fair value of equity-settled share-based payment awards granted is recognised as an expense over the vesting period, with a corresponding increase in equity. The fair value of the options granted is determined using an appropriate option pricing model, taking into account the terms and conditions upon which the options were granted. Key assumptions used in the valuation include the expected volatility, risk-free interest rate, expected dividend yield, and expected life of the options.
The expense recognised in profit or loss reflects the best estimate of the number of equity instruments expected to vest. At each reporting date, the entity revises its estimates of the number of options expected to vest. The impact of the revision of the original estimates, if any, is recognised in profit or loss such that the cumulative expense reflects the revised estimate.
Where options are subject to market-based vesting conditions, these are reflected in the fair value at grant date and not revised subsequently. Non-market vesting conditions (e.g. continued employment) are considered in estimating the number of options expected to vest.
If the employee is required to pay an exercise price upon vesting, this is reflected in the valuation and equity accounting. No liability is recognised for options that are equity-settled.

4 Average number of employees

The average number of persons employed by the company during the year was
28
(2023:
26.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2024
20,145
 
Additions
305
 
At
31 December 2024
20,450
 
Depreciation  
At
1 January 2024
13,045
 
Charge
2,911
 
At
31 December 2024
15,956
 
Carrying amount  
At
31 December 2024
4,494
 
At 31 December 2023
7,100
 

6 Debtors

20242023
££
Trade debtors
44,498
 
54,421
 
Other debtors
18,204
 
20,659
 
62,702
 
75,080
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
26,000
 
26,000
 
Trade creditors
9,915
 
17,961
 
Taxation and social security
53,823
 
45,490
 
Other creditors
38,677
 
31,037
 
128,415
 
120,488
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
10,833
 
36,833
 

9 Operating leases

The company as lessee    
20242023
££
Not later than 1 year
21,052.00
 
21,052
 
Later than 1 year and not later than 5 years
6,140
 
27,192
 
27,192
 
48,244
 

11 Controlling party

The company is under the joint control of AJ Sambrooks and J Wharrad

12 EMI Share Scheme

The company operates an Enterprise Management Incentive (EMI) scheme, which grants share options to eligible employees as part of its remuneration strategy. The EMI scheme is designed to incentivise and retain key personnel by aligning their interests with those of the company.
Under FRS 102 Section 1A, the company recognises the fair value of equity-settled share-based payments at the grant date. The fair value of the options granted is determined using an appropriate valuation model, taking into account the terms and conditions of the grant.
During the year, £468 (2023: £915) has been recognised in the profit and loss account in respect of the EMI scheme during the year, as a fair value adjustment.
The key terms of the scheme are as follows:
Type of scheme: Enterprise Management Incentive (EMI)
Number of options granted: 333 Exercise price: £1.41 per share
Vesting period: 5 years
Expiry date: 30 June 2026
The company will continue to monitor the scheme and recognise any future expense in accordance with FRS 102 as vesting conditions are met.