Company registration number 07491361 (England and Wales)
PAVE RECRUIT LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
PAVE RECRUIT LTD
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
PAVE RECRUIT LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 January 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr Matthew Duffy
Ms. Elizabeth Dougall
(Appointed 2 February 2024)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr Matthew Duffy
Director
30 June 2025
PAVE RECRUIT LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
9,372
6,536
Current assets
Debtors
5
92,085
91,155
Cash at bank and in hand
148,541
366,066
240,626
457,221
Creditors: amounts falling due within one year
6
(175,759)
(180,052)
Net current assets
64,867
277,169
Net assets
74,239
283,705
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
74,237
283,703
Total equity
74,239
283,705

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

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 June 2025 and are signed on its behalf by:
Mr Matthew Duffy
Director
Company registration number 07491361 (England and Wales)
PAVE RECRUIT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Pave Recruit Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 197 Victoria Road, London, N22 7XH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover represents amounts receivable for recruitment referral services provided net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment
10% straight line
Computer equipment
20% straight line

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.4
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

PAVE RECRUIT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
(Continued)
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2024 - 4).

4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024
15,805
Additions
4,297
At 31 January 2025
20,102
Depreciation and impairment
At 1 February 2024
9,269
Depreciation charged in the year
1,461
At 31 January 2025
10,730
Carrying amount
At 31 January 2025
9,372
At 31 January 2024
6,536
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
52,217
35,192
Other debtors
39,868
55,963
92,085
91,155

PAVE RECRUIT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,248
7,829
Corporation tax
67,608
67,343
Other taxation and social security
32,353
57,219
Other creditors
69,550
47,661
175,759
180,052
7
Parent company

In February 2024, FSF Family Holdings Ltd (a company of which the directors of Pave Recruit Ltd are shareholders and directors) acquired the entire share capital of Pave Recruit Ltd.

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