REGISTERED NUMBER: 13661362 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRECISION RECRUITMENT GROUP LTD

Page

Company Information

1

Report of the Director

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

9

DIRECTOR:

Mr C Bennion

REGISTERED OFFICE:

Unique Enterprise Centre

Belfield Road

Rochdale

OL16 2UP

BUSINESS ADDRESS:

Spotland Bridge Mill

Mellor Street

Rochdale

OL11 5BU

REGISTERED NUMBER:

13661362 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of temporary employment agency activities

DIRECTOR

Mr C Bennion held office during the whole of the period from 1 January 2024 to the date of this report.

His beneficial interests in the shares of the company, according to the register of directors' interests, were as follows:

31.12.24

1.1.24

Ordinary shares of £1.00 each

1

1

He did not hold any beneficial interests in the Class A shares of £1 each.

He did not hold any non-beneficial interests in any of the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr C Bennion - Director

30 September 2025

FIXED ASSETS

Intangible assets

4

1,299

2,008

Tangible assets

5

40,690

28,920

41,989

30,928

CURRENT ASSETS

Debtors

6

11,855

37,807

Cash at bank and in hand

63,327

65,615

75,182

103,422

CREDITORS

Amounts falling due within one year

7

(37,132

)

(49,979

)

NET CURRENT ASSETS

38,050

53,443

TOTAL ASSETS LESS CURRENT LIABILITIES

80,039

84,371

CREDITORS

Amounts falling due after more than one year

8

(35,951

)

(21,859

)

PROVISIONS FOR LIABILITIES

(8,977

)

(6,493

)

NET ASSETS

35,111

56,019

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

35,109

56,017

SHAREHOLDERS' FUNDS

35,111

56,019

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 director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

Mr C Bennion - Director

1.	STATUTORY INFORMATION

Precision Recruitment 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, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

3,543

AMORTISATION

At 1 January 2024

1,535

Amortisation for year

709

At 31 December 2024

2,244

NET BOOK VALUE

At 31 December 2024

1,299

At 31 December 2023

2,008

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

36,855

3,043

39,898

Additions

44,010

441

44,451

Disposals

(36,855

)

-

(36,855

)

At 31 December 2024

44,010

3,484

47,494

DEPRECIATION

At 1 January 2024

10,365

613

10,978

Charge for year

8,813

690

9,503

Eliminated on disposal

(13,677

)

-

(13,677

)

At 31 December 2024

5,501

1,303

6,804

NET BOOK VALUE

At 31 December 2024

38,509

2,181

40,690

At 31 December 2023

26,490

2,430

28,920

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

44,010

At 31 December 2024

44,010

DEPRECIATION

Charge for year

5,501

At 31 December 2024

5,501

NET BOOK VALUE

At 31 December 2024

38,509

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

757

23,400

Other debtors

11,098

14,407

11,855

37,807

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

4,680

6,916

Trade creditors

1,078

892

Taxation and social security

26,720

38,605

Other creditors

4,654

3,566

37,132

49,979

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

35,951

21,859

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.24

31.12.23

£

£

Gross obligations repayable:

Within one year

8,321

6,916

Between one and five years

40,408

23,376

48,729

30,292

Finance charges repayable:

Within one year

3,641

-

Between one and five years

4,457

1,517

8,098

1,517

Net obligations repayable:

Within one year

4,680

6,916

Between one and five years

35,951

21,859

40,631

28,775

Non-cancellable operating

leases

31.12.24

31.12.23

£

£

Within one year

6,680

600

Between one and five years

18,239

-

24,919

600

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

40,631

28,775

The Hire Purchase agreements are secured on the assets to which they relate.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Bennion.