Bluewood Recruitment Ltd

Bluewood Recruitment Ltd
Contents Page
For the year ended 31 March 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Bluewood Recruitment Ltd Accountants' Report For the year ended 31 March 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Bluewood Recruitment Ltd for the year ended 31 March 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bluewood Recruitment Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Bluewood Recruitment Ltd, as a body, in accordance with the terms of our engagement letter dated 04th October 2017. Our work has been undertaken solely to prepare for your approval the accounts of Bluewood Recruitment Ltd and state those matters that we have agreed to state to the Board of Directors of Bluewood Recruitment Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bluewood Recruitment Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Bluewood Recruitment Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bluewood Recruitment Ltd. You consider that Bluewood Recruitment Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Bluewood Recruitment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 31 March 2025. .................................................... aa Chartered Accountants 6 Blenheim Court Peppercorn Close Peterborough United Kingdom PE1 2DU 10 November 2025 1

Bluewood Recruitment Ltd
Accountants' Report
For the year ended 31 March 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Bluewood Recruitment Ltd for the year ended 31 March 2025.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bluewood Recruitment Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bluewood Recruitment Ltd, as a body, in accordance with the terms of our engagement letter dated 04th October 2017. Our work has been undertaken solely to prepare for your approval the accounts of Bluewood Recruitment Ltd and state those matters that we have agreed to state to the Board of Directors of Bluewood Recruitment Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bluewood Recruitment Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bluewood Recruitment Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bluewood Recruitment Ltd. You consider that Bluewood Recruitment Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bluewood Recruitment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 31 March 2025.

....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
10 November 2025

1

Bluewood Recruitment Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	55,124	91,643
Investments	4	80,416	60,416
		135,540	152,059
Current assets
Debtors: amounts falling due within one year		489,579	117,428
Debtors: amounts falling due after one year		441	0
Cash at bank and in hand		587,099	381,815
		1,077,119	499,243
Creditors: amount falling due within one year		(505,638)	(260,672)
Net current assets		571,481	238,571

Total assets less current liabilities		707,021	390,630
Creditors: amount falling due after more than one year		0	(5,127)
Provisions for liabilities		(19,655)	(15,054)
Net assets		687,366	370,449

Capital and reserves
Called up share capital	5	200	200
Revaluation Reserves		19,815	4,416
Profit and loss account		667,351	365,833
Shareholders' funds		687,366	370,449

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts 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 accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 10 November 2025 and were signed on its behalf by:

-------------------------------
Richard Stevens
Director

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Jasbinder Singh Tambar
Director

2

Bluewood Recruitment Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Bluewood Recruitment Ltd is a private company, limited by shares, registered in England and Wales, registration number 06858800, registration address Ground floor, 95 London Road, Leicester, LE2 0PF.
The accounts are presented in GBP.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value services supplied by the company.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	10% Straight Line
Motor Vehicles	20% Straight Line
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	33% Straight Line

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 181 (2024 : 150).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Land and Buildings	Total
	£	£	£	£	£
At 01 April 2024	177,377	12,756	14,573	112,515	317,221
Additions	-	-	3,534	-	3,534
Disposals	-	-	-	-	-
At 31 March 2025	177,377	12,756	18,107	112,515	320,755
Depreciation
At 01 April 2024	109,018	5,839	10,199	89,816	214,872
Charge for year	35,475	1,038	2,994	11,252	50,759
On disposals	-	-	-	-	-
At 31 March 2025	144,493	6,877	13,193	101,068	265,631
Net book values
Closing balance as at 31 March 2025	32,884	5,879	4,914	11,447	55,124
Opening balance as at 01 April 2024	68,359	(3,789)	4,374	22,699	91,643

The net book value of Land and Buildings includes £ 11,447 (2024 £22,699) in respect of assets leased under finance leases or hire purchase contracts.

4.

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	56,000	56,000
Additions	-	-
Disposals	-	-
Revaluations	24,416	24,416
At 31 March 2025	80,416	80,416

5.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
80 Ordinary shares of £1.00 each	80	80
5 Class A shares of £1.00 each	5	5
15 Class B shares of £1.00 each	15	15
42 Class C shares of £1.00 each	42	42
42 Class D shares of £1.00 each	42	42
16 Class E shares of £1.00 each	16	16
	200	200

3

Registered Number: 06858800
England and Wales
BLUEWOOD RECRUITMENT LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025