RED RECRUITMENT 24/7 LIMITED


Directors	Mr M Morley
	Mrs M P Morley


Company Secretary	Mr M Morley


Registered Address	4 Pioneer Way
	Off Doddington Road
	Lincoln
	LN6 3DH


Registered Number	05801893 (England and Wales)

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	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 sale of goods and from the rendering of services.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Borrowing costs
	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 Profit and Loss account 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.

Borrowing costs

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 Profit and Loss account 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.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Leasehold improvements - over the term of the lease Plant and equipment, fixtures and fittings - varying rates to write assets off over their estimate useful life Motor vehicles - varying rates

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		15

3.	Tangible fixed assets

	Land & buildings	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 November 24	101,350	204,024	52,486	248,852	606,712
Disposals	-	(9,100)	-	-	(9,100)
At 31 October 25	101,350	194,924	52,486	248,852	597,612
Depreciation and impairment
At 01 November 24	73,457	57,344	43,825	222,570	397,196
Charge for year	6,917	21,015	4,643	2,932	35,507
On disposals	-	(2,475)	-	-	(2,475)
At 31 October 25	80,374	75,884	48,468	225,502	430,228
Net book value
At 31 October 25	20,976	119,040	4,018	23,350	167,384
At 31 October 24	27,893	146,680	8,661	26,282	209,516

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	4,500	4,500
Total	4,500	4,500

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	342,351	411,588
Amounts owed by group undertakings	172,138	140,614
Other debtors	9,840	10,631
Prepayments and accrued income	64,635	80,257
Total	588,964	643,090

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	21,453	18,105
Bank borrowings and overdrafts	305,462	379,618
Taxation and social security	225,033	219,068
Finance lease and HP contracts	12,269	18,180
Other creditors	116,984	175,486
Accrued liabilities and deferred income	46,630	50,666
Total	727,831	861,123


	Hire and lease purchase creditors are secured against the assets to which they relate. Included in bank borrowings is an amount of £299,957 (2024 - £370,662) in respect of an invoice financing facility provided by the company's bankers.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	21,247	26,752
Other creditors	56,053	64,078
Total	77,300	90,830


	Hire and lease purchase creditors are secured against the assets to which they relate. Bank borrowings Bounce Back Loan is denominated in £ with a nominal interest rate of market rate, and the final instalment is due on 31 October 2030. The carrying amount at year end is £21,247 (2024 - £26,752)

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	68,321		82,259


	Hire and lease purchase creditors are secured against the assets to which they relate.

9.	Provisions for liabilities

	2025	2024
	£	£
Other provisions	25,689	32,293
Total	25,689	32,293

10.	Other commitments
	At 31st October 2025 the company had commitments under non-cancellable operating leases of £110,976 (2024 - £174,336).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		167,384		209,516
			167,384		209,516
Current assets
Stocks	4	4,500		4,500
Debtors	5	588,964		643,090
Cash at bank and on hand		81,963		154,256
		675,427		801,846
Creditors amounts falling due within one year	6	(727,831)		(861,123)
Net current assets (liabilities)			(52,404)		(59,277)
Total assets less current liabilities			114,980		150,239
Creditors amounts falling due after one year	7		(77,300)		(90,830)
Provisions for liabilities	9		(25,689)		(32,293)
Net assets			11,991		27,116
Capital and reserves
Called up share capital			80		80
Share premium			20		20
Profit and loss account			11,891		27,016
Shareholders' funds			11,991		27,116