SRM Recruitment Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10232040

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,791		25,659

			14,791		25,659
CURRENT ASSETS
Debtors	5	478,976		596,592
Cash at bank and in hand		633,180		1,086,951

		1,112,156		1,683,543
Creditors: Amounts Falling Due Within One Year	6	(811,749 )		(1,261,808 )

NET CURRENT ASSETS (LIABILITIES)			300,407		421,735

TOTAL ASSETS LESS CURRENT LIABILITIES			315,198		447,394

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,699 )		(6,415 )

NET ASSETS			311,499		440,979

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			311,399		440,879

SHAREHOLDERS' FUNDS			311,499		440,979

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SRM Recruitment Limited

Balance Sheet (continued)

As At 31 December 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew Setchell Director	Mr Stewart Robertson Director	Mr Rory Macsween Director
15/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

SRM Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10232040 . The registered office is JML Business Services Ltd, 25 Church Street, Godalming, Surrey, GU7 1EL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

3. Average Number of Employees

Average number of permanent employees, including directors, during the year was as follows: 22 (2024: 22)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	8,712	52,293	61,005
Additions	468	3,708	4,176

As at 31 December 2025	9,180	56,001	65,181

Depreciation
As at 1 January 2025	4,327	31,019	35,346
Provided during the period	2,787	12,257	15,044

As at 31 December 2025	7,114	43,276	50,390

...CONTINUED

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SRM Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	2,066	12,725	14,791

As at 1 January 2025	4,385	21,274	25,659

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	271,998	434,035
Other debtors	206,978	162,557

	478,976	596,592

Other debtors include a director's loan balance of £80,348 (2023: £nil) due from Director Rory MacSwen, on which interest is being charged at the HMRC official rate of 2.25%.

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	217,022	140,004
Other creditors	340,117	694,043
Taxation and social security	254,610	427,761

	811,749	1,261,808

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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