Company registration number 07403560 (England and Wales)
BLUE WATER RECRUITMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
BLUE WATER RECRUITMENT LIMITED
CONTENTS
Page
Directors' responsibilities statement
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
BLUE WATER RECRUITMENT LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 1 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BLUE WATER RECRUITMENT LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
60,004
33,727
Current assets
Debtors
5
2,120,526
2,003,755
Cash at bank and in hand
42,252
236,432
2,162,778
2,240,187
Creditors: amounts falling due within one year
Taxation and social security
180,713
171,452
Other creditors
801,194
937,698
981,907
1,109,150
Net current assets
1,180,871
1,131,037
Total assets less current liabilities
1,240,875
1,164,764
Provisions for liabilities
(10,970)
(3,516)
Net assets
1,229,905
1,161,248
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,229,805
1,161,148
Total equity
1,229,905
1,161,248

The notes on pages 4 to 7 form part of these financial statements.

BLUE WATER RECRUITMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 3 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 December 2025 and are signed on its behalf by:
Mrs L A Monk
Mr G Monk
Director
Director
Company registration number 07403560 (England and Wales)
BLUE WATER RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -
1
Accounting policies
Company information

Blue Water Recruitment Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ty Nonia, The Sidings, Treforest, Pontypridd, RCT, UK, CF37 1AF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing balance
Fixtures and fittings
25% Reducing balance
Computers
33% Straight line
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BLUE WATER RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.7
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
17
17
BLUE WATER RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
89,975
72,465
Tax relating to prior year adjustments recognised in profit or loss
102,157
-
0
Total current tax
192,132
72,465
Deferred tax
Origination and reversal of timing differences
7,454
6,472
Total tax charge
199,586
78,937

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
381,243
301,206
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
95,311
75,302
Goodwill/depreciation not allowed for tax
2,852
2,378
Expenses not deductible for tax purposes
2,119
3,635
Capital allowances
(10,307)
(8,849)
Deferred tax adjustments
7,454
6,471
Prior period adjustment
(160)
-
0
Settlement
102,317
-
0
Taxation charge for the year
199,586
78,937
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 November 2024
1,876
55,439
51,400
108,715
Additions
-
0
32,505
5,181
37,686
At 31 October 2025
1,876
87,944
56,581
146,401
Depreciation and impairment
At 1 November 2024
1,876
25,168
47,944
74,988
Depreciation charged in the year
-
0
8,901
2,508
11,409
At 31 October 2025
1,876
34,069
50,452
86,397
BLUE WATER RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
(Continued)
- 7 -
Carrying amount
At 31 October 2025
-
0
53,875
6,129
60,004
At 31 October 2024
-
0
30,271
3,456
33,727
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,110,599
1,860,575
Other debtors
-
0
131,295
Prepayments and accrued income
9,927
11,885
2,120,526
2,003,755
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
28,007
92,176
Corporation tax
89,784
72,465
Other taxation and social security
90,929
98,987
Other creditors
769,782
841,618
Accruals and deferred income
3,405
3,904
981,907
1,109,150
7
Related party transactions

At the balance sheet date, the company owed the directors £19,691 (2024 : £1,927).

During the year the company paid the directors dividends of £113,000 (2024 : £100,000).

8
Ultimate Controlling Party

The company's ultimate controlling party is Mr G Monk and Mrs L Monk by virtue of their shareholding in the company.

2025-10-31 2024-11-01 false false false 03 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity L A Monk G Monk Mrs L A Monk 07403560 2024-11-01 2025-10-31 07403560 2025-10-31 07403560 2024-10-31 07403560 core:PlantMachinery 2025-10-31 07403560 core:FurnitureFittings 2025-10-31 07403560 core:ComputerEquipment 2025-10-31 07403560 core:PlantMachinery 2024-10-31 07403560 core:FurnitureFittings 2024-10-31 07403560 core:ComputerEquipment 2024-10-31 07403560 core:CurrentFinancialInstruments 2025-10-31 07403560 core:CurrentFinancialInstruments 2024-10-31 07403560 core:ShareCapital 2025-10-31 07403560 core:ShareCapital 2024-10-31 07403560 core:RetainedEarningsAccumulatedLosses 2025-10-31 07403560 core:RetainedEarningsAccumulatedLosses 2024-10-31 07403560 bus:CompanySecretaryDirector1 2024-11-01 2025-10-31 07403560 bus:Director1 2024-11-01 2025-10-31 07403560 core:PlantMachinery 2024-11-01 2025-10-31 07403560 core:FurnitureFittings 2024-11-01 2025-10-31 07403560 core:ComputerEquipment 2024-11-01 2025-10-31 07403560 2023-11-01 2024-10-31 07403560 core:UKTax 2024-11-01 2025-10-31 07403560 core:UKTax 2023-11-01 2024-10-31 07403560 1 2024-11-01 2025-10-31 07403560 1 2023-11-01 2024-10-31 07403560 2 2024-11-01 2025-10-31 07403560 2 2023-11-01 2024-10-31 07403560 3 2024-11-01 2025-10-31 07403560 3 2023-11-01 2024-10-31 07403560 4 2024-11-01 2025-10-31 07403560 4 2023-11-01 2024-10-31 07403560 5 2024-11-01 2025-10-31 07403560 5 2023-11-01 2024-10-31 07403560 6 2024-11-01 2025-10-31 07403560 6 2023-11-01 2024-10-31 07403560 core:PlantMachinery 2024-10-31 07403560 core:FurnitureFittings 2024-10-31 07403560 core:ComputerEquipment 2024-10-31 07403560 2024-10-31 07403560 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 07403560 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 07403560 bus:FRS102 2024-11-01 2025-10-31 07403560 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 07403560 bus:Director2 2024-11-01 2025-10-31 07403560 bus:CompanySecretary1 2024-11-01 2025-10-31 07403560 bus:FullAccounts 2024-11-01 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP