CONTRACTS IT RECRUITMENT CONSULTING LIMITED


Directors	AFZAL, Naheed
	FAIZ, Navaid


Registered Address	6 Houghton Square
	378 Clapham Road
	London
	SW9 9AN


Registered Number	07532001 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		5,432		8,217
			5,432		8,217
Current assets
Debtors	4	544,911		599,135
Cash at bank and on hand		611,232		840,622
		1,156,143		1,439,757
Creditors amounts falling due within one year	5	(490,772)		(627,060)
Net current assets (liabilities)			665,371		812,697
Total assets less current liabilities			670,803		820,914
Net assets			670,803		820,914
Capital and reserves
Called up share capital			100		100
Profit and loss account			670,703		820,814
Shareholders' funds			670,803		820,914

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2025, and are signed on its behalf by:

AFZAL, Naheed
Director
Registered Company No. 07532001

CONTRACTS IT RECRUITMENT CONSULTING LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents income receivable in the ordinary course of business for recruitment consultancy services, net of discounts and value added taxes. Turnover is recognised when service is provided.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are initially stated at cost and subsequently at cost less less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	3
	Vehicles	3
	Office Equipment	3

	Financial instruments
	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12. 'Other Financial Instruments Issues' 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 Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12. 'Other Financial Instruments Issues' 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
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		11

3.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	3,426	820	29,551	33,797
Additions	-	229	1,576	1,805
At 31 March 25	3,426	1,049	31,127	35,602
Depreciation and impairment
At 01 April 24	3,331	587	21,662	25,580
Charge for year	95	147	4,348	4,590
At 31 March 25	3,426	734	26,010	30,170
Net book value
At 31 March 25	-	315	5,117	5,432
At 31 March 24	95	233	7,889	8,217

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	213,116	199,686
Amounts owed by group undertakings	2,100	2,100
Other debtors	25,659	28,792
Prepayments and accrued income	304,036	368,557
Total	544,911	599,135

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	102,624	311,458
Taxation and social security	124,796	81,353
Other creditors	31,875	28,792
Accrued liabilities and deferred income	231,477	205,457
Total	490,772	627,060

6.	Related party transactions
	During the year, total dividends of £501,274 (2024: £484,000) were paid to the holding company. Included in creditors at the year end is an amount of £17,954 (2024: £10,512) due to the directors The company occupies the premises which are owned by the parent company upon which no rent is paid.

7.	Further information regarding the company's financial position
	Parent company The Ultimate parent company is Contracts IT Group Ltd, a company registered in England and Wales. It's registered office address is 6 Houghton Square, 378 Clapham Road, London, SW9 9AN