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Registered number: 08929409
Phipps Cameron Recruitment Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Azuki Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08929409
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,594 -
Tangible Assets 5 12,769 18,997
38,363 18,997
CURRENT ASSETS
Debtors 6 1,737,981 1,681,509
Cash at bank and in hand 354,193 208,785
2,092,174 1,890,294
Creditors: Amounts Falling Due Within One Year 7 (1,223,675 ) (956,483 )
NET CURRENT ASSETS (LIABILITIES) 868,499 933,811
TOTAL ASSETS LESS CURRENT LIABILITIES 906,862 952,808
NET ASSETS 906,862 952,808
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 3,900 3,900
Profit and Loss Account 902,862 948,808
SHAREHOLDERS' FUNDS 906,862 952,808
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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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Giles Cameron
Director
17/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Phipps Cameron Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08929409 . The registered office is Lucent 1 Sherwood Street,, Level 2, London, England, W1F 7BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% - 20% on cost
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2024: 31)
31 31
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 April 2024 -
Additions 26,325
As at 31 March 2025 26,325
Amortisation
As at 1 April 2024 -
Provided during the period 731
As at 31 March 2025 731
Net Book Value
As at 31 March 2025 25,594
As at 1 April 2024 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 70,255
Additions 5,168
Transfers (5,447 )
As at 31 March 2025 69,976
Depreciation
As at 1 April 2024 51,258
Provided during the period 11,396
Transfers (5,447 )
As at 31 March 2025 57,207
Net Book Value
As at 31 March 2025 12,769
As at 1 April 2024 18,997
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,008,478 1,293,221
Amounts owed by group undertakings 30,726 169,681
Other debtors 643,577 163,407
1,682,781 1,626,309
Due after more than one year
Other debtors 55,200 55,200
1,737,981 1,681,509
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 84,447 119,015
Amounts owed to group undertakings 38,202 -
Other creditors 862,003 611,493
Taxation and social security 239,023 225,975
1,223,675 956,483
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Giles Cameron - 1,080 - - 1,080
Mr Charles Phipps - 3,750 - - 3,750
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Monitas Recruitment LimitedAs at 31 March 2025, the company was owed £30,726 (2024: £23,445) by Monitas Recruitment limited. These balances arose from group financing arrangements and are unsecured, interest-free, and repayable on demand.

Monitas Recruitment Limited

As at 31 March 2025, the company was owed £30,726 (2024: £23,445) by Monitas Recruitment limited. These balances arose from group financing arrangements and are unsecured, interest-free, and repayable on demand.

Phipps Cameron Recruitment GmbHAs at 31 March 2025, the company was owed £38,202 (2024: £70,467 owed by) to Phipps Cameron Recruitment GmbH. These balances arose from group financing arrangements and are unsecured, interest-free, and repayable on demand.

Phipps Cameron Recruitment GmbH

As at 31 March 2025, the company was owed £38,202 (2024: £70,467 owed by) to Phipps Cameron Recruitment GmbH. These balances arose from group financing arrangements and are unsecured, interest-free, and repayable on demand.

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