REGISTERED NUMBER: 09419536 (England and Wales)

SITE RECRUITMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J P Quinn

REGISTERED OFFICE:

80 Long Acre

London

WC2E 9NG

REGISTERED NUMBER:

09419536 (England and Wales)

ACCOUNTANTS:

Clay Ratnage Daffin & Co Limited

Chartered Accountants

Suite D, The Business Centre

Faringdon Avenue

Romford

Essex

RM3 8EN

FIXED ASSETS

Tangible assets

4

10,971

3,092

CURRENT ASSETS

Debtors

5

207,045

130,013

Cash at bank

6

46,745

47,667

253,790

177,680

CREDITORS

Amounts falling due within one year

7

216,817

131,157

NET CURRENT ASSETS

36,973

46,523

TOTAL ASSETS LESS CURRENT LIABILITIES

47,944

49,615

CREDITORS

Amounts falling due after more than one year

8

(6,667

)

(16,667

)

PROVISIONS FOR LIABILITIES

10

(2,743

)

(711

)

NET ASSETS

38,534

32,237

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

38,532

32,235

SHAREHOLDERS' FUNDS

38,534

32,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 4 December 2025 and were signed by:

J P Quinn - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% straight line

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,

when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Classification of financial liabilities: Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

2,322

-

6,263

8,585

Additions

-

10,398

873

11,271

At 28 February 2025

2,322

10,398

7,136

19,856

DEPRECIATION

At 1 March 2024

2,322

-

3,171

5,493

Charge for year

-

2,599

793

3,392

At 28 February 2025

2,322

2,599

3,964

8,885

NET BOOK VALUE

At 28 February 2025

-

7,799

3,172

10,971

At 29 February 2024

-

-

3,092

3,092

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

141,035

55,484

Other debtors

66,010

74,529

207,045

130,013

6.	CASH AT BANK

2025

2024

£

£

Current account

45,573

46,545

Business account

1,172

1,122

46,745

47,667

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

10,000

10,000

Trade creditors

32,866

37,754

Taxation and social security

80,323

65,683

Other creditors

93,628

17,720

216,817

131,157

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

6,667

16,667

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

6,667

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

6,667

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,743

711

Deferred

tax

£

Balance at 1 March 2024

711

Provided during year

2,032

Balance at 28 February 2025

2,743

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

95

Ordinary A shares

£0.01

1

1

95

Ordinary B shares

£0.01

1

1

10

Ordinary C shares

£0.01

-

-

2

2

The Ordinary A, Ordinary B and Ordinary C shares of the company shall rank pari passu in terms of voting rights and entitlement to participation in a winding up with the exception of dividend rights, which shall be independent for each class.

12.	RELATED PARTY TRANSACTIONS

Consultancy fees paid to related parties in the year came to £152,250 (2024 - £60,536).

Amounts owed from connected parties in the year came to £50,000 (2024 - £50,000).

Amounts owed to connected parties in the year came to £115,491 (2024 - £11,059).

Amounts owed from and to connected parties are interest free and repayable on demand.