REGISTERED NUMBER: 12691250 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Swisstech Recruitment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A W Morton

REGISTERED OFFICE:

26 Dorset Gardens

Rochford

Essex

SS4 3AH

REGISTERED NUMBER:

12691250 (England and Wales)

ACCOUNTANTS:

HCL Accountancy Limited

26 Dorset Gardens

Rochford

Essex

SS4 3AH

FIXED ASSETS

Tangible assets

4

36,321

45,435

CURRENT ASSETS

Debtors

5

164,629

52,477

Cash at bank

136,854

289,430

301,483

341,907

CREDITORS

Amounts falling due within one year

6

61,610

71,138

NET CURRENT ASSETS

239,873

270,769

TOTAL ASSETS LESS CURRENT LIABILITIES

276,194

316,204

PROVISIONS FOR LIABILITIES

-

2,979

NET ASSETS

276,194

313,225

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

276,094

313,125

SHAREHOLDERS' FUNDS

276,194

313,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 29 April 2026 and were signed by:

A W Morton - Director

1.	STATUTORY INFORMATION

Swisstech 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.

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, which excludes value added tax, comprises the value of services undertaken by the company under its principal activity, which is the provision of recruitment consultancy services. This broadly consists of:

-turnover from contractor placements, representing fees billed for the services of contractors including their costs, which is recognised when the service has been provided.

-turnover from permanent placements, representing fees billed as a percentage of the candidate's remuneration package, which is recognised on the start date of the candidate.

Turnover not invoiced at the balance sheet date is included within accrued income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

4% on cost

Plant and machinery

-

33% on cost

Motor vehicles

-

25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

General derivative policy

The Company uses forward foreign currency contracts to reduce exposure to foreign exchange rates. Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognized immediately in the profit and loss account, classified within finance costs or income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 August 2024

33,329

873

2,525

Additions

-

-

-

Disposals

-

-

-

At 31 July 2025

33,329

873

2,525

DEPRECIATION

At 1 August 2024

734

41

1,229

Charge for year

667

35

709

Eliminated on disposal

-

-

-

At 31 July 2025

1,401

76

1,938

NET BOOK VALUE

At 31 July 2025

31,928

797

587

At 31 July 2024

32,595

832

1,296

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

11,000

3,031

50,758

Additions

-

2,094

2,094

Disposals

(11,000

)

(948

)

(11,948

)

At 31 July 2025

-

4,177

40,904

DEPRECIATION

At 1 August 2024

2,063

1,256

5,323

Charge for year

-

860

2,271

Eliminated on disposal

(2,063

)

(948

)

(3,011

)

At 31 July 2025

-

1,168

4,583

NET BOOK VALUE

At 31 July 2025

-

3,009

36,321

At 31 July 2024

8,937

1,775

45,435

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

27,597

42,096

Other debtors

137,032

10,381

164,629

52,477

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

7,687

14,723

Taxation and social security

-

49,079

Other creditors

53,923

7,336

61,610

71,138

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.7.25

31.7.24

£

£

A W Morton

Balance outstanding at start of year

(5,923

)

(4,661

)

Amounts advanced

130,215

115

Amounts repaid

(1,370

)

(1,377

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

122,922

(5,923

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A W Morton.