Recruit Payroll Limited


Director	Gentry, Mark


Registered Address	Chapel House
	Chapel Street
	Congleton
	CW12 4AB


Registered Number	11689195 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		425,820		268,221
Tangible assets	4		9,127		18,418
			434,947		286,639
Current assets
Debtors	5	83,844		61,643
Cash at bank and on hand		294,693		88,680
		378,537		150,323
Creditors amounts falling due within one year	6	(565,653)		(410,275)
Net current assets (liabilities)			(187,116)		(259,952)
Total assets less current liabilities			247,831		26,687
Creditors amounts falling due after one year	7		(222,433)		(69,879)
Provisions for liabilities	9		(4,392)		(4,392)
Net assets			21,006		(47,584)
Capital and reserves
Called up share capital			100		100
Profit and loss account			20,906		(47,684)
Shareholders' funds			21,006		(47,584)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 2 October 2025, and are signed on its behalf by:

Gentry, Mark
Director
Registered Company No. 11689195

Recruit Payroll Limited

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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 tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

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 tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill is being amortised evenly over its estimated useful life of five years. Computer software is being amortised evenly over its estimated useful life of four years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	6		6

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 January 24	40,000	374,934	414,934
Additions	-	230,792	230,792
At 31 December 24	40,000	605,726	645,726
Amortisation and impairment
At 01 January 24	32,667	114,046	146,713
Charge for year	7,333	65,860	73,193
At 31 December 24	40,000	179,906	219,906
Net book value
At 31 December 24	-	425,820	425,820
At 31 December 23	7,333	260,888	268,221

4.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	51,279	1,933	1,637	54,849
Additions	-	783	1,316	2,099
At 31 December 24	51,279	2,716	2,953	56,948
Depreciation and impairment
At 01 January 24	35,041	1,063	327	36,431
Charge for year	10,256	544	590	11,390
At 31 December 24	45,297	1,607	917	47,821
Net book value
At 31 December 24	5,982	1,109	2,036	9,127
At 31 December 23	16,238	870	1,310	18,418

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	52,245	29,211
Other debtors	31,599	32,432
Total	83,844	61,643

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	156,702	61,274
Bank borrowings and overdrafts	20,000	20,000
Taxation and social security	103,952	67,150
Finance lease and HP contracts	16,971	7,382
Other creditors	265,708	249,972
Accrued liabilities and deferred income	2,320	4,497
Total	565,653	410,275


	The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance lease is secured on the assets covered.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	214,993	43,333
Other creditors	7,440	26,546
Total	222,433	69,879


	The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance lease is secured on the assets covered.

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	24,411		33,928

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	4,392	4,392
Total	4,392	4,392