REGISTERED NUMBER: 08265105 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

L.R. Legal Recruitment Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

10,101

4,430

CURRENT ASSETS

Debtors

5

248,983

252,691

Cash at bank

67,766

68,684

316,749

321,375

CREDITORS

Amounts falling due within one year

6

154,052

211,667

NET CURRENT ASSETS

162,697

109,708

TOTAL ASSETS LESS CURRENT LIABILITIES

172,798

114,138

CREDITORS

Amounts falling due after more than one year

7

71,022

15,661

NET ASSETS

101,776

98,477

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

101,676

98,377

SHAREHOLDERS' FUNDS

101,776

98,477

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 25 September 2025 and were signed on its behalf by:

Ms L L Reader - Director

A C Farr - Director

1.	STATUTORY INFORMATION

L.R. Legal Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08265105

Registered office:

4 Blythe House

St Philips Courtyard

Church Hill

Coleshill

Warwickshire

B46 3AD

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.

Turnover is recognised on the commencement of a recruitment placement. Commissions are not accrued on placements arranged but not commenced at the year end date.

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 etc

-

33% on cost and 25% on reducing balance

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Creditors which are debt instrument, such as loans and finance leases, are subsequently carried at amortised cost, using th effective interest rate method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 17 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

49,453

Additions

10,749

At 31 December 2024

60,202

DEPRECIATION

At 1 January 2024

45,022

Charge for year

5,079

At 31 December 2024

50,101

NET BOOK VALUE

At 31 December 2024

10,101

At 31 December 2023

4,431

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

38,485

37,107

Amounts owed by associates

1,053

-

Other debtors

209,445

215,584

248,983

252,691

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,375

10,120

Trade creditors

2,087

17,729

Amounts owed to group undertakings

48,918

48,918

Amounts owed to associates

-

12,000

Taxation and social security

74,486

72,327

Other creditors

18,186

50,573

154,052

211,667

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,286

15,661

Other creditors

65,736

-

71,022

15,661

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

27,876

-

8.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

£

Within one year

21,000

17,550

Between one and five years

26,250

47,250

47,250

64,800

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

51

Ordinary A

£1

51

51

49

Ordinary B

£1

49

49

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

Ms L L Reader

Balance outstanding at start of year

150,497

147,185

Amounts advanced

3,386

3,312

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

153,883

150,497

Interest is paid on the above loan at the rate of 2.25%pa and the loan is repayable in full on demand.

11.	ULTIMATE CONTROLLING PARTY

The company is a 51% subsidiary of TMRGROUP (Holdings) Ltd.