SMART RECRUIT ONLINE LIMITED


Directors	BAKER, David Samuel
	RUSSELL, Morgan Alexander Sydney
	SLAVIN, Joseph


Company Secretary	HEADLAM, Robin Edward


Registered Address	Midsummer Court 314 Midsummer Boulevard
	Milton Keynes
	Buckinghamshire
	MK9 2UB


Registered Number	07643777 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		69,723
Tangible assets	4		2,000		17,926
			2,000		87,649
Current assets
Debtors		72,164		276,145
Cash at bank and on hand		329,320		1,113,037
		401,484		1,389,182
Creditors amounts falling due within one year	5	(120,577)		(245,608)
Net current assets (liabilities)			280,907		1,143,574
Total assets less current liabilities			282,907		1,231,223
Creditors amounts falling due after one year			(46,529)		(64,551)
Net assets			236,378		1,166,672
Capital and reserves
Called up share capital			3,809		3,809
Share premium			6,602,377		6,602,377
Profit and loss account			(6,369,808)		(5,439,514)
Shareholders' funds			236,378		1,166,672

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 17 July 2026, and are signed on its behalf by:

BAKER, David Samuel
Director

RUSSELL, Morgan Alexander Sydney
Director

SLAVIN, Joseph
Director

Registered Company No. 07643777

SMART RECRUIT ONLINE LIMITED

Notes to the Financial Statements
for the year ended 31 December 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

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

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Development costs are capitalised and amortised at 5% per annum

	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:


		Reducing balance (%)
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		14

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 25	168,281
	Disposals	(168,281)
	Amortisation and impairment
	At 01 January 25	98,558
	Charge for year	7,554
	On disposals	(106,112)
	Net book value
	At 31 December 25	-
	At 31 December 24	69,723

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 25	58,235
	Additions	2,208
	Disposals	(58,235)
	At 31 December 25	2,208
	Depreciation and impairment
	At 01 January 25	40,310
	Charge for year	5,353
	On disposals	(45,455)
	At 31 December 25	208
	Net book value
	At 31 December 25	2,000
	At 31 December 24	17,926

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	15,309	37,119
Bank borrowings and overdrafts	6,618	17,327
Taxation and social security	15,887	20,441
Accrued liabilities and deferred income	82,763	170,721
Total	120,577	245,608


	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.