Mac Recruit Group Ltd

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

Registered number: SC614821

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		91,287		54,326

			91,287		54,326
CURRENT ASSETS
Debtors	5	563,886		781,092
Cash at bank and in hand		211,449		175,684

		775,335		956,776
Creditors: Amounts Falling Due Within One Year	6	(733,078 )		(812,999 )

NET CURRENT ASSETS (LIABILITIES)			42,257		143,777

TOTAL ASSETS LESS CURRENT LIABILITIES			133,544		198,103

Creditors: Amounts Falling Due After More Than One Year	7		(125,297 )		(173,499 )

NET ASSETS			8,247		24,604

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			8,147		24,504

SHAREHOLDERS' FUNDS			8,247		24,604

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Mac Recruit Group 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

Mrs Tracy Mcgrath

Director

24/09/2025

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

1. General Information

Mac Recruit Group Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC614821 . The registered office is St George Building, 5 St. Vincent Place, 2/18 - 2/19, Glasgow, G1 2DH.

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. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. 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:

Freehold	0%
Plant & Machinery	20% Reducing balance
Motor Vehicles	6% Reducing balance
Fixtures & Fittings	20% Reducing balance
Computer Equipment	20% Reducing balance

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the tax currently payable..

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 year 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.

Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2023: 10)

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Mac Recruit Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	1,633	785	45,655	4,990
Additions	795	-	-	31,867

As at 31 December 2024	2,428	785	45,655	36,857

Depreciation
As at 1 January 2024	-	790	3,089	399
Provided during the period	-	71	2,486	3,984

As at 31 December 2024	-	861	5,575	4,383

Net Book Value
As at 31 December 2024	2,428	(76 )	40,080	32,474

As at 1 January 2024	1,633	(5 )	42,566	4,591


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	6,628	59,691
Additions	12,269	44,931

As at 31 December 2024	18,897	104,622

Depreciation
As at 1 January 2024	1,087	5,365
Provided during the period	1,429	7,970

As at 31 December 2024	2,516	13,335

Net Book Value
As at 31 December 2024	16,381	91,287

As at 1 January 2024	5,541	54,326

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	337,298	396,643
Prepayments and accrued income	1,357	-
Directors' loan accounts	12,294	3,838
Amounts owed by group undertakings	212,937	380,611

	563,886	781,092

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Mac Recruit Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	517,031	514,378
Bank loans and overdrafts	72,587	48,202
Corporation tax	42,306	65,494
Other taxes and social security	4,532	92,362
Accruals and deferred income	98,000	92,563
Amounts owed to related parties	(1,378 )	-

	733,078	812,999

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	125,297	173,499

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Ultimate Controlling Party

The company's ultimate controlling party is Ian McBride and Tracy McGrath by virtue of their ownership of 100% of the issued share capital in the company.

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