Distil Recruitment Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI636620

DISTIL RECRUITMENT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2025

DISTIL RECRUITMENT LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

	2025	2024
Note	£	£

Current assets

Debtors	6	795	12,930
Cash at bank and in hand		1,476	7,312
		-------	--------
		2,271	20,242

Creditors: amounts falling due within one year	7	5,393	7,901
		-------	--------
Net current (liabilities)/assets		( 3,122)	12,341
		-------	--------
Total assets less current liabilities		( 3,122)	12,341

Creditors: amounts falling due after more than one year	8	511	–
		-------	--------
Net (liabilities)/assets		( 3,633)	12,341
		-------	--------

Capital and reserves

Called up share capital	9	3	3
Profit and loss account		( 3,636)	12,338
		-------	--------
Shareholders (deficit)/funds		( 3,633)	12,341
		-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DISTIL RECRUITMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr P Bingham
Director

Company registration number: NI636620

DISTIL RECRUITMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is C/O FEB Chartered Accountants, Linehall Exchange, First Floor, 26 Linenhall Street, Belfast, BT2 8BG, Northern Ireland.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

(a) No cash flow statement has been presented for the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 March 2024	1,150
Disposals	( 1,150)
	-------
At 28 February 2025	–
	-------
Depreciation
At 1 March 2024	1,150
Disposals	( 1,150)
	-------
At 28 February 2025	–
	-------
Carrying amount
At 28 February 2025	–
	-------
At 29 February 2024	–
	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	11,670
Other debtors	795	1,260
	----	--------
	795	12,930
	----	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	3,643	5,486
Other creditors	1,750	2,415
	-------	-------
	5,393	7,901
	-------	-------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Corporation tax	511	–
	----	----

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	3	3	3	3
	----	----	----	----

On incorporation, 3 ordinary shares of £1 each were issued, at par, for cash.

10. Director's advances, credits and guarantees

During the year, the company repaid net loans of £665 to the director (2024: £306 received from the director). At the balance sheet date £357 remained owing to the director from the company (2024: £1,022).

11. Related party transactions

The company is related to Sysco Software (N.I.) Limited by virtue of a common director and shareholder. During the year, the company provided services to Sysco Software (N.I.) Limited totalling £30,775 which was paid during the year. The services were provided on an arms length basis (2024: £51,470).