REGISTERED NUMBER: 10066956 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Silcom Recruitment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Langford

REGISTERED OFFICE:

Suite 4

Little Tapnage

Titchfield Lane

Wickham

Hampshire

PO17 5PQ

REGISTERED NUMBER:

10066956 (England and Wales)

ACCOUNTANTS:

Roches

Chartered Accountants

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Tangible assets

4

39,863

51,560

CURRENT ASSETS

Debtors

5

33,014

34,688

Investments

6

5,633

5,633

Cash at bank and in hand

159,968

234,197

198,615

274,518

CREDITORS

Amounts falling due within one year

7

103,384

139,807

NET CURRENT ASSETS

95,231

134,711

TOTAL ASSETS LESS CURRENT LIABILITIES

135,094

186,271

CREDITORS

Amounts falling due after more than one year

8

(32,420

)

(38,956

)

PROVISIONS FOR LIABILITIES

(9,966

)

(11,946

)

NET ASSETS

92,708

135,369

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

92,588

135,249

SHAREHOLDERS' FUNDS

92,708

135,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 June 2025 and were signed by:

S Langford - Director

1.	STATUTORY INFORMATION

Silcom 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants are recognised using the accrual model. Those relating to revenue expenditure are recognised in income on a systematic basis over the periods in which the entity recognizes the related cost for which the grant is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

1,234

4,367

3,181

Additions

-

-

100

At 31 March 2025

1,234

4,367

3,281

DEPRECIATION

At 1 April 2024

662

1,016

1,134

Charge for year

86

564

393

At 31 March 2025

748

1,580

1,527

NET BOOK VALUE

At 31 March 2025

486

2,787

1,754

At 31 March 2024

572

3,351

2,047

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

63,750

7,071

79,603

Additions

-

753

853

At 31 March 2025

63,750

7,824

80,456

DEPRECIATION

At 1 April 2024

21,898

3,333

28,043

Charge for year

10,463

1,044

12,550

At 31 March 2025

32,361

4,377

40,593

NET BOOK VALUE

At 31 March 2025

31,389

3,447

39,863

At 31 March 2024

41,852

3,738

51,560

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

63,750

DEPRECIATION

At 1 April 2024

21,898

Charge for year

10,463

At 31 March 2025

32,361

NET BOOK VALUE

At 31 March 2025

31,389

At 31 March 2024

41,852

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

24,585

26,259

Other debtors

8,429

8,429

33,014

34,688

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

5,633

5,633

Market value of listed investments at 31 March 2025 - £ 0 (2024 - £ 0 ).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

6,536

5,809

Trade creditors

9,092

-

Taxation and social security

52,270

74,439

Other creditors

35,486

59,559

103,384

139,807

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

32,420

38,956