Company Registration No. 13315717 (England and Wales)
Industrial Recruitment Solutions Ltd
Unaudited accounts
for the year ended 31 March 2025
Industrial Recruitment Solutions Ltd
Unaudited accounts
Contents
Industrial Recruitment Solutions Ltd
Company Information
for the year ended 31 March 2025
Directors
Michael Quirke
Nathan Ford
Company Number
13315717 (England and Wales)
Registered Office
2nd Floor Offices
101-103 New Union Street
Coventry
CV1 2NT
England
Accountants
Sedgley Accounting and Business Services Limited
13 Warren Drive
Sedgley
DY3 3RQ
Industrial Recruitment Solutions Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
27,803
31,155
Debtors
1,328,934
1,498,968
Cash at bank and in hand
65,485
29,156
Creditors: amounts falling due within one year
(928,312)
(1,071,245)
Net current assets
466,107
456,879
Total assets less current liabilities
493,910
488,034
Provisions for liabilities
Deferred tax
(3,637)
(4,089)
Net assets
490,273
483,945
Called up share capital
200
200
Profit and loss account
490,073
483,745
Shareholders' funds
490,273
483,945
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by
Michael Quirke
Director
Company Registration No. 13315717
Industrial Recruitment Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
Industrial Recruitment Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13315717. The registered office is 2nd Floor Offices, 101-103 New Union Street, Coventry, CV1 2NT, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Computer equipment
25% Straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Industrial Recruitment Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
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Tangible fixed assets
Total
Charge for the year
13,146
Allotted, called up and fully paid:
98 Ordinary shares of £1 each
98
98
98 Ordinary A shares of £1 each
98
98
2 Ordinary B Shares of £1 each
2
2
2 Ordinary C Shares of £1 each
2
2
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund amounted to £327,062 (2024: £15,108). Contributions totalling £10,853 (2024: £4,131) were payable to the fund at the balance sheet date.
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Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
43,610
14,400
Later than one year and not later than five years
63,748
25,200
The controlling party is IRS Group Holdings 2022 Limited, registered in England & Wales company number 14281672. The registered office is 101-103 New Union Street, Coventry, England, CV1 2NT.
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Average number of employees
During the year the average number of employees was 100 (2024: 85).