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Company No: 03713353 (England and Wales)

# CENTRAL RECRUITMENT SERVICES LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

CENTRAL RECRUITMENT SERVICES LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

CENTRAL RECRUITMENT SERVICES LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
CENTRAL RECRUITMENT SERVICES LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

Directors | H Bennett
| C L Jones
| P Nulty
| S Patten

Registered office | Studio 1.4
| Islington Studios Marlborough Road
| London
| N19 4NF
| United Kingdom

Company number | 03713353 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor
| 168 Shoreditch High Street
| London
| E1 6RA

CENTRAL RECRUITMENT SERVICES LIMITED

## BALANCE SHEET

As at 30 June 2025
CENTRAL RECRUITMENT SERVICES LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 6,151 |  | 9,256
|  | 6,151 |  | 9,256
Current assets |  |  |  |
Debtors | 5 | 699,632 |  | 888,696
Cash at bank and in hand |  | 1,835,613 |  | 1,852,056
|  | 2,535,245 |  | 2,740,752
Creditors: amounts falling due within one year | 6 | ( 553,629) |  | ( 799,221)
Net current assets |  | 1,981,616 |  | 1,941,531
Total assets less current liabilities |  | 1,987,767 |  | 1,950,787
Provision for liabilities | 7 | 2,331 |  | ( 1,532)
Net assets |  | 1,990,098 |  | 1,949,255
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | 1,989,998 |  | 1,949,155
Total shareholders' funds |  | 1,990,098 |  | 1,949,255

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Central Recruitment Services Limited (registered number: 03713353) were approved and authorised for issue by the Board of Directors on 05 January 2026. They were signed on its behalf by:

C L Jones Director |

CENTRAL RECRUITMENT SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
CENTRAL RECRUITMENT SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Central Recruitment Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Studio 1.4, Islington Studios Marlborough Road, London, N19 4NF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 4 years straight line
Computer equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

##### Operating leases: the Company as lessee

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

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 31 |  | 30

#### 3. Directors' remuneration

| 2025 |  | 2024
| £ |  | £
Directors' emoluments | 179,836 |  | 173,886

During the year retirement benefits were accruing to 3 directors (2024 - 3) in respect of defined contribution pension schemes.

#### 4. Tangible assets

| Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 July 2024 | 1,928 |  | 61,458 |  | 63,386
Additions | 941 |  | 1,544 |  | 2,485
Disposals | ( 200) |  | ( 4,712) |  | ( 4,912)
At 30 June 2025 | 2,669 |  | 58,290 |  | 60,959
Accumulated depreciation |  |  |  |  |
At 01 July 2024 | 1,658 |  | 52,472 |  | 54,130
Charge for the financial year | 108 |  | 5,482 |  | 5,590
Disposals | ( 200) |  | ( 4,712) |  | ( 4,912)
At 30 June 2025 | 1,566 |  | 53,242 |  | 54,808
Net book value |  |  |  |  |
At 30 June 2025 | 1,103 |  | 5,048 |  | 6,151
At 30 June 2024 | 270 |  | 8,986 |  | 9,256

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 561,892 |  | 712,866
Prepayments and accrued income | 137,028 |  | 175,193
Other debtors | 712 |  | 637
| 699,632 |  | 888,696

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 50,304 |  | 88,006
Accruals and deferred income | 90,704 |  | 113,985
Corporation tax | 81,119 |  | 140,972
Other taxation and social security | 309,553 |  | 427,702
Other creditors | 21,949 |  | 28,556
| 553,629 |  | 799,221

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 1,532) |  | 868
Credited/(charged) to the Profit and Loss Account | 3,863 |  | ( 2,400)
At the end of financial year | 2,331 |  | ( 1,532)

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 9. Commitments under operating leases

At 30 June 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

| 2025 |  | 2024
| £ |  | £
Not later than 1 year | 6,550 |  | 8,708
Later than 1 year and not later than 5 years | 3,246 |  | 4,230
| 9,796 |  | 12,938

| 2025 |  | 2024
| £ |  | £
Not later than 1 year | 15,027 |  | 16,620
Later than 1 year and not later than 5 years | 16,435 |  | 31,462
| 31,462 |  | 48,082

#### 10. Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £57,850 (2024: £106,282). Contributions totalling £14,488 (2024: £18,950) were payable to the fund at the balance sheet date and are included in creditors.

#### 11. Related party transactions

During the year the company paid dividends totalling £190,000 (2024: £176,000) to its directors.

#### 12. Ultimate controlling party

The company is controlled by directors C L Jones and P Nulty, who jointly own 100% of the issued share capital.