Coniston Recruitment Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10468862

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		15,000		20,000
Tangible Assets	5		730		1,127

			15,730		21,127
CURRENT ASSETS
Debtors	6	493,892		546,265
Cash at bank and in hand		155,428		239,488

		649,320		785,753
Creditors: Amounts Falling Due Within One Year	7	(732,337 )		(798,565 )

NET CURRENT ASSETS (LIABILITIES)			(83,017 )		(12,812 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(67,287 )		8,315

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(214 )

NET (LIABILITIES)/ASSETS			(67,287 )		8,101

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(67,288 )		8,100

SHAREHOLDERS' FUNDS			(67,287)		8,101

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Coniston Recruitment Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Neil Pharo

Director

13 March 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Coniston Recruitment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10468862 . The registered office is The Rural Enterprise Centre Stafford Drive, Battlefield Enterprise Park, Shrewsbury, SY1 3FE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired separately from a business are recognised at cost and are subsequently

measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the

acquisition date where it is probable that the expected future economic benefits that are attributable

to the asset will flow to the entity and the fair value of the asset can be measured reliably; the

intangible asset arises from contractual or other legal rights; and the intangible asset is separable

from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values

over their useful lives on the following bases:

Franchise fee - Over 10 years on cost

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% per annum on net book value
Computer Equipment	33.3% per annum of cost

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Coniston Recruitment Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 43 (2023: 41)

4. Intangible Assets

	Other
	£
Cost
As at 31 December 2023	50,000

As at 31 December 2024	50,000

Amortisation
As at 31 December 2023	30,000
Provided during the period	5,000

As at 31 December 2024	35,000

Net Book Value
As at 31 December 2024	15,000

As at 31 December 2023	20,000

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 31 December 2023	3,700	2,749	6,449

As at 31 December 2024	3,700	2,749	6,449

Depreciation
As at 31 December 2023	2,924	2,398	5,322
Provided during the period	155	242	397

As at 31 December 2024	3,079	2,640	5,719

Net Book Value
As at 31 December 2024	621	109	730

As at 31 December 2023	776	351	1,127

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Coniston Recruitment Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	138,266	155,000
Prepayments and accrued income	-	552
Other debtors	101,106	26,795
Corporation tax recoverable assets	14,341	80,420
Directors' loan accounts	240,179	283,498

	493,892	546,265

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	2,107
Corporation tax	71,909	127,527
Other taxes and social security	14,859	17,383
VAT	638,137	615,339
Other creditors	5,422	5,688
Accruals and deferred income	2,010	30,521

	732,337	798,565

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	8,439	7,331

	8,439	7,331

10. Directors Advances, Credits and Guarantees

Included within Debtors are aggregate loans to directors of £240,179 (2023: £283,498).

The above loans are unsecured, subject to interest at a rate of 2.25% and repayable on demand.

Total dividends paid to directors during the year were £NIL (2023: £87,000).

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