Vantage Recruitment Solutions Limited

Contents

Statement of financial position	1
Notes to the Financial Statements	2 to 6

Vantage Recruitment Solutions Limited

(Registration number: 06671054)
Statement of financial position as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	808	1,078
Current assets
Debtors	5	115,696	250,657
Cash at bank and in hand		21,303	28,196
		136,999	278,853
Creditors: Amounts falling due within one year	6	(52,932)	(145,897)
Net current assets		84,067	132,956
Total assets less current liabilities		84,875	134,034
Creditors: Amounts falling due after more than one year	6	-	(7,459)
Provisions for liabilities		(214)	(286)
Net assets		84,661	126,289
Capital and reserves
Called up share capital	7	1,132	1,132
Share premium reserve		588	588
Retained earnings		82,941	124,569
Shareholders' funds		84,661	126,289

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 13 November 2025
 

......................................... Mr D Vearncombe Company secretary and director

Vantage Recruitment Solutions Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The principal place of business is:
7 Bisham Close
Maidenbower
West Sussex
RH10 7QP

These financial statements were authorised for issue by the director on 13 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Vantage Recruitment Solutions Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fittings fixtures and equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Vantage Recruitment Solutions Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 10).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 September 2024	4,309	4,309
At 31 August 2025	4,309	4,309
Depreciation
At 1 September 2024	3,231	3,231
Charge for the year	270	270
At 31 August 2025	3,501	3,501
Carrying amount
At 31 August 2025	808	808
At 31 August 2024	1,078	1,078

Vantage Recruitment Solutions Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	54,446	171,860
Prepayments	6,250	9,948
Other debtors	55,000	68,849
	115,696	250,657

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	7,848	10,648
Trade creditors		31,213	65,910
Taxation and social security		792	20,502
Accruals and deferred income		2,100	5,650
Other creditors		10,979	43,187
		52,932	145,897

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	7,459

Vantage Recruitment Solutions Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £0.01 each	112,000	1,120	106,340	1,063
Ordinary A Shares of £0.01 each	1,200	12	1,200	12
Ordinary B Shares of £0.01 each	-	-	5,660	57
	113,200	1,132	113,200	1,132

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	-	7,459

Current loans and borrowings

	2025 £	2024 £
Other borrowings	7,848	10,648

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	-	36,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2024 - £50,125).