Company Registration No. 09942033 (England and Wales)
Key Performance International Recruitment Limited
Unaudited accounts
for the year ended 30 April 2025
Key Performance International Recruitment Limited
Unaudited accounts
Contents
Key Performance International Recruitment Limited
Company Information
for the year ended 30 April 2025
Directors
Matthew Heslam
Gary Sheridan
Company Number
09942033 (England and Wales)
Registered Office
11 Church Road
Bexleyheath
DA7 4DD
England
Accountants
Griffin and Sage Limited
172 Park Road
Peterborough
PE1 2UF
Key Performance International Recruitment Limited
Statement of financial position
as at 30 April 2025
Cash at bank and in hand
37,115
190,815
Creditors: amounts falling due within one year
(449,984)
(624,366)
Net current liabilities
(152,960)
(65,816)
Net liabilities
(152,111)
(65,816)
Called up share capital
200
200
Profit and loss account
(152,311)
(66,016)
Shareholders' funds
(152,111)
(65,816)
For the year ending 30 April 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2026 and were signed on its behalf by
Matthew Heslam
Director
Company Registration No. 09942033
Key Performance International Recruitment Limited
Notes to the Accounts
for the year ended 30 April 2025
Key Performance International Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 09942033. The registered office is 11 Church Road, Bexleyheath, DA7 4DD, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25 % Reducing Balance
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the
effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Key Performance International Recruitment Limited
Notes to the Accounts
for the year ended 30 April 2025
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non- puttable ordinary shares.
Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a
financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short term loan not at
market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted
at a market rate of interest for a similar debt instrument.
Investments in non-convertible preference shares and non-puttable ordinary and preference shares are measured:
• At fair value with changes recognised in the Income Statement if the shares are publicly traded or their fair value can otherwise be measured reliably;
• At cost less impairment for all other investments.
Financial assets, are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.
For all other financial assets, objective evidence of impairment could include:
• significant financial difficulty of the issuer or counterparty; or
• breach of contract, such as a default or delinquency in interest or principal payments; or
• it becoming probable that the borrower will enter bankruptcy or financial re-organisation; or
• the disappearance of an active market for that financial asset because of financial difficulties.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method.
Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Issue costs are
initially recognised as a reduction in the proceeds of the associated capital instrument.
Key Performance International Recruitment Limited
Notes to the Accounts
for the year ended 30 April 2025
For the purposes of these financial statements, a party is considered to be related to the Company if:
• the party has the ability, directly or indirectly, through one or more intermediaries, to control the Company or exercise significant influence over the company in making financial and operating policy
decisions, or has joint control over the Company;
• the Company and the party are subject to common control;
• the party is an associate of the Company or a joint venture in which the Company is a venturer;
• the party is a member of key management personnel of the Company or the Company’s parent, or a close family member of such an individual, or is an entity under the control, joint control or
significant influence of such individuals;
• the party is a close family member of a party referred to in (i) or is an entity under the control, joint control or significant influence of such individuals; or
• the party is a post-employment benefit plan which is for the benefit of employees of the Company or of any entity that is a related party of the Company.
Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate
can be made of the amount of the obligation.
Provisions are charged as an expense to the Income Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position
date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial position.
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Tangible fixed assets
Fixtures & fittings
Key Performance International Recruitment Limited
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Trade debtors
198,424
203,225
Amounts due from group undertakings etc.
-
72,485
Accrued income and prepayments
41,985
92,025
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
63,497
22,570
Amounts owed to group undertakings and other participating interests
197,551
-
Taxes and social security
554
542
Other creditors
115,036
938
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
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Average number of employees
During the year the average number of employees was 2 (2024: 4).