Kraft Recruitment Ltd - Filleted accounts

Registered number

08548602

Kraft Recruitment Ltd

Filleted Accounts

31 May 2025

Kraft Recruitment Ltd
Registered number:		08548602
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,276			8,784

Current assets
Debtors	4	7,745			14,359
Cash at bank and in hand		105,283			170,510
		113,028			184,869

Creditors: amounts falling due within one year	5	(20,292)			(35,169)

Net current assets			92,736			149,700

Total assets less current liabilities			97,012			158,484


Provisions for liabilities			(901)			(2,014)


Net assets			96,111			156,470

Capital and reserves
Called up share capital			3			3
Profit and loss account			96,108			156,467

Shareholder's funds			96,111			156,470

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr K Foster
Director
Approved by the board on 25 September 2025

Kraft Recruitment Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	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).

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures and fittings			25% reducing balance
	Computer equipment			50% reducing balance or over 4 years
	Home office			over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Fixtures and fittings		Computer equipment		Home office		Total
£			£		£		£
	Cost
	At 1 June 2024	1,693		13,471		15,928		31,092
	At 31 May 2025	1,693		13,471		15,928		31,092

	Depreciation
	At 1 June 2024	1,577		12,767		7,964		22,308
	Charge for the year	29		497		3,982		4,508
	At 31 May 2025	1,606		13,264		11,946		26,816

	Net book value
	At 31 May 2025	87		207		3,982		4,276
	At 31 May 2024	116		704		7,964		8,784


4	Debtors					2025		2024
£							£

	Trade debtors					4,032		-
	Other debtors					3,713		14,359
						7,745		14,359


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					373		162
	Taxation and social security costs					19,241		33,825
	Other creditors					678		1,182
						20,292		35,169


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr K Foster
	Director's Loan Account	(10,646)		(60,838)		71,708		224

		(10,646)		(60,838)		71,708		224


7	Controlling party

	Mr K Foster is the controlling party of Kraft Recruitment Ltd by virtue of his directorship and shareholding within the company.


8	Other information

	Kraft Recruitment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	152-160 City Road
	London
	EC1V 2NX