Company registration number 05893036 (England and Wales)
BALTIC RECRUITMENT SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
BALTIC RECRUITMENT SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
BALTIC RECRUITMENT SERVICES LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
54,659
52,882
Current assets
Debtors
4
1,801,759
1,813,714
Cash at bank and in hand
138,425
116,349
1,940,184
1,930,063
Creditors: amounts falling due within one year
5
(1,208,479)
(1,351,522)
Net current assets
731,705
578,541
Total assets less current liabilities
786,364
631,423
Provisions for liabilities
(13,665)
(9,859)
Net assets
772,699
621,564
Capital and reserves
Called up share capital
679
679
Capital redemption reserve
321
321
Profit and loss reserves
771,699
620,564
Total equity
772,699
621,564

For the financial year ended 31 July 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 24 February 2026 and are signed on its behalf by:
Mr C D Kent
Director
Company registration number 05893036 (England and Wales)
BALTIC RECRUITMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

Baltic Recruitment Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Work Place, Heighington Lane, Aycliffe Business Park, Co Durham, DL5 6AH.

1.1
Accounting convention

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 to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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:

Leasehold land and buildings
10%
Fixtures and fittings
10%
Office equipment
25%

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.

1.4
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 current liabilities.

1.5
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.

BALTIC RECRUITMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

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

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.

BALTIC RECRUITMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
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.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

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

1.10
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.

2
Employees

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

2025
2024
Number
Number
Total
28
29
BALTIC RECRUITMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
3
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Office equipment
Total
£
£
£
£
Cost
At 1 August 2024
27,370
19,980
23,754
71,104
Additions
-
0
-
0
13,204
13,204
At 31 July 2025
27,370
19,980
36,958
84,308
Depreciation and impairment
At 1 August 2024
4,716
4,866
8,640
18,222
Depreciation charged in the year
2,737
1,998
6,692
11,427
At 31 July 2025
7,453
6,864
15,332
29,649
Carrying amount
At 31 July 2025
19,917
13,116
21,626
54,659
At 31 July 2024
22,654
15,114
15,114
52,882
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,776,731
1,758,245
Other debtors
2,658
2,897
Prepayments and accrued income
22,370
52,572
1,801,759
1,813,714
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,655
198,763
Corporation tax
96,372
66,874
Other taxation and social security
211,584
131,482
Other creditors
617,621
682,046
Accruals and deferred income
269,247
272,357
1,208,479
1,351,522
BALTIC RECRUITMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
6
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
50,091
89,259

7
Directors' transactions

Dividends totalling £146,000 (2024 - £171,000) were paid in the year in respect of shares held by the company's directors.

2025-07-31 2024-08-01 false false false 24 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr R D H Peart Mr C F Peart Mr C D Kent 05893036 2024-08-01 2025-07-31 05893036 2025-07-31 05893036 2024-07-31 05893036 core:LandBuildings 2025-07-31 05893036 core:FurnitureFittings 2025-07-31 05893036 core:ComputerEquipment 2025-07-31 05893036 core:LandBuildings 2024-07-31 05893036 core:FurnitureFittings 2024-07-31 05893036 core:ComputerEquipment 2024-07-31 05893036 core:WithinOneYear 2025-07-31 05893036 core:WithinOneYear 2024-07-31 05893036 core:CurrentFinancialInstruments 2025-07-31 05893036 core:CurrentFinancialInstruments 2024-07-31 05893036 core:ShareCapital 2025-07-31 05893036 core:ShareCapital 2024-07-31 05893036 core:CapitalRedemptionReserve 2025-07-31 05893036 core:CapitalRedemptionReserve 2024-07-31 05893036 core:RetainedEarningsAccumulatedLosses 2025-07-31 05893036 core:RetainedEarningsAccumulatedLosses 2024-07-31 05893036 bus:Director3 2024-08-01 2025-07-31 05893036 core:LandBuildings core:LongLeaseholdAssets 2024-08-01 2025-07-31 05893036 core:FurnitureFittings 2024-08-01 2025-07-31 05893036 core:ComputerEquipment 2024-08-01 2025-07-31 05893036 2023-08-01 2024-07-31 05893036 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-07-31 05893036 core:FurnitureFittings 2024-07-31 05893036 core:ComputerEquipment 2024-07-31 05893036 2024-07-31 05893036 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-07-31 05893036 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-08-01 2025-07-31 05893036 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 05893036 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 05893036 bus:FRS102 2024-08-01 2025-07-31 05893036 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 05893036 bus:Director1 2024-08-01 2025-07-31 05893036 bus:Director2 2024-08-01 2025-07-31 05893036 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP