Tailored Solutions Recruitment Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05269057 (England and Wales)

TAILORED SOLUTIONS RECRUITMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr R M Adams

Ms K Jones

REGISTERED OFFICE:

3 Petrel Close

Penarth

Vale Of Glamorgan

CF64 5FT

REGISTERED NUMBER:

05269057 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tailored Solutions Recruitment Limited for the year ended 31 May 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tailored Solutions Recruitment Limited, as a body, in accordance with the terms of our engagement letter dated 28 February 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Tailored Solutions Recruitment Limited and state those matters that we have agreed to state to the Board of Directors of Tailored Solutions Recruitment Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tailored Solutions Recruitment Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tailored Solutions Recruitment Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tailored Solutions Recruitment Limited. You consider that Tailored Solutions Recruitment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tailored Solutions Recruitment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

28 May 2026

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

4,487

7,993

4,488

7,994

CURRENT ASSETS

Debtors

6

1,352,594

1,436,355

Cash at bank

266,892

259,540

1,619,486

1,695,895

CREDITORS

Amounts falling due within one year

7

191,276

263,571

NET CURRENT ASSETS

1,428,210

1,432,324

TOTAL ASSETS LESS CURRENT LIABILITIES

1,432,698

1,440,318

CAPITAL AND RESERVES

Called up share capital

8

400

Retained earnings

1,432,298

1,439,918

SHAREHOLDERS' FUNDS

1,432,698

1,440,318

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

Mr R M Adams - Director

Ms K Jones - Director

1.	STATUTORY INFORMATION

Tailored Solutions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Goodwill, being the amount paid in connection with the acquisition of the business, has been fully amortised to £1.00.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

55,195

AMORTISATION

At 1 June 2024

and 31 May 2025

55,194

NET BOOK VALUE

At 31 May 2025

1

At 31 May 2024

1

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 June 2024

and 31 May 2025

16,983

7,687

24,670

DEPRECIATION

At 1 June 2024

9,237

7,440

16,677

Charge for year

3,383

123

3,506

At 31 May 2025

12,620

7,563

20,183

NET BOOK VALUE

At 31 May 2025

4,363

124

4,487

At 31 May 2024

7,746

247

7,993

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

63,204

59,752

Other debtors

664,394

695,894

Directors' current accounts

624,996

680,709

1,352,594

1,436,355

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Tax

110,434

186,843

PAYE and NIC taxes

21,253

24,110

Pension fund

1,087

1,727

VAT

43,621

35,308

Other creditors - Credit Card

9,381

10,183

Accruals and deferred income

5,500

5,400

191,276

263,571

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

400

Ordinary

1

400

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

Ms K Jones

Balance outstanding at start of year

470,947

440,794

Amounts advanced

94,058

131,362

Amounts repaid

(148,671

)

(101,209

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

416,334

470,947

Mr R M Adams

Balance outstanding at start of year

209,761

191,035

Amounts advanced

147,571

119,935

Amounts repaid

(148,671

)

(101,209

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

208,661

209,761

As at the year end the company directors owed the company £624,995 (2024 - £680,709).

The loan is repayable on demand and interest (2.25%/3.75% (April 25) p.a.) of £17,360.37 was charged by the company during the year.