REGISTERED NUMBER: 11709798 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UNTAPPED POTENTIAL RECRUITMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C Farley

SECRETARY:

P A Hills

REGISTERED OFFICE:

Office 25

Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

REGISTERED NUMBER:

11709798 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Tangible assets

4

1,613

2,247

CURRENT ASSETS

Debtors

5

55,642

59,342

Cash at bank

10,757

7,531

66,399

66,873

CREDITORS

Amounts falling due within one year

6

48,243

32,686

NET CURRENT ASSETS

18,156

34,187

TOTAL ASSETS LESS CURRENT LIABILITIES

19,769

36,434

CREDITORS

Amounts falling due after more than one year

7

31,634

37,193

NET LIABILITIES

(11,865

)

(759

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(11,965

)

(859

)

SHAREHOLDERS' FUNDS

(11,865

)

(759

)

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 her 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 24 December 2025 and were signed by:

Mrs C Farley - Director

1.	STATUTORY INFORMATION

Untapped Potential 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Transactions are rounded to the nearest £.

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

1,825

1,879

3,704

DEPRECIATION

At 1 April 2024

283

1,174

1,457

Charge for year

231

403

634

At 31 March 2025

514

1,577

2,091

NET BOOK VALUE

At 31 March 2025

1,311

302

1,613

At 31 March 2024

1,542

705

2,247

5.

DEBTORS

31/3/25

31/3/24

£

£

Amounts falling due within one year:

Trade debtors

2,015

-

Tax recoverable

12,494

12,132

Directors' current accounts

23,041

21,957

Prepayments and accrued income

145

9,806

37,695

43,895

31/3/25

31/3/24

£

£

Amounts falling due after more than one year:

Other debtors

17,947

15,447

Aggregate amounts

55,642

59,342

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

7,792

7,346

Trade creditors

3,076

3,621

Social security and other taxes

5,843

3,152

VAT

9,790

11,127

Other creditors

20,042

5,790

Accrued expenses

1,700

1,650

48,243

32,686

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 1-2 years

7,792

7,346

Bank loans - 2-5 years

23,375

22,038

Bank loans more 5 yr

467

7,809

31,634

37,193

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

467

7,809

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/25

31/3/24

£

£

Within one year

6,792

6,792

Between one and five years

5,660

12,451

12,452

19,243

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2024

(859

)

Deficit for the year

(11,106

)

At 31 March 2025

(11,965

)

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

Mrs C Farley

Balance outstanding at start of year

21,957

20,421

Amounts advanced

1,500

2,264

Amounts repaid

(416

)

(728

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,041

21,957

The above advance was interest free, had no fixed repayment date and was unsecured.

12.	RELATED PARTY DISCLOSURES

During the period ended 31 March 2020, Untapped Potential Limited made an interest free loan to Untapped Potential Recruitment Limited of £18,050 in order to provide working capital for the new business. The loan balance outstanding at 31 March 2024 was £3,590 shown within Other Creditors due in less than 12 months. This balance was repaid in full during the current year.