Neogen Recruitment Solutions Ltd

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

Registered number: SC553658

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		57,815		88,430

			57,815		88,430
CURRENT ASSETS
Debtors	5	1,255		6,299
Cash at bank and in hand		12,557		11,089

		13,812		17,388
Creditors: Amounts Falling Due Within One Year	6	(71,278 )		(54,591 )

NET CURRENT ASSETS (LIABILITIES)			(57,466 )		(37,203 )

TOTAL ASSETS LESS CURRENT LIABILITIES			349		51,227

Creditors: Amounts Falling Due After More Than One Year	7		(50,144 )		(80,233 )

NET LIABILITIES			(49,795 )		(29,006 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(49,796 )		(29,007 )

SHAREHOLDERS' FUNDS			(49,795)		(29,006)

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Neogen Recruitment Solutions Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 Hakimul Islam

Director

31st July 2025

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

1. General Information

Neogen Recruitment Solutions Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC553658 . The registered office is 272 Bath Street, Glasgow, G2 4JR.

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:

Motor Vehicles	25% Straight Line
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Neogen Recruitment Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was 4 (2024: 6)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2024	149,059	8,848	157,907

As at 31 January 2025	149,059	8,848	157,907

Depreciation
As at 1 February 2024	63,060	6,417	69,477
Provided during the period	28,667	1,948	30,615

As at 31 January 2025	91,727	8,365	100,092

Net Book Value
As at 31 January 2025	57,332	483	57,815

As at 1 February 2024	85,999	2,431	88,430

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,255	6,299

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	27,470	27,470
Trade creditors	1	-
Bank loans and overdrafts	30,000	10,000
Corporation tax	-	939
Other taxes and social security	848	1,918
VAT	10,172	3,844
Other creditors	2,706	417
Director's loan account	81	10,003

	71,278	54,591

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Neogen Recruitment Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	35,032	62,621
Bank loans	15,112	17,612

	50,144	80,233

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	27,470	27,470
Later than one year and not later than five years	35,032	62,621

	62,502	90,091

	62,502	90,091

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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