RM RECRUIT LIMITED

RM RECRUIT LIMITED - Company Information

2023-04-012024-03-312024-03-31false11975048RM RECRUIT LIMITED2024-05-2778109iso4217:GBPxbrli:pure119750482023-04-01119750482024-03-31119750482023-04-012024-03-31119750482022-04-01119750482023-03-31119750482022-04-012023-03-3111975048bus:SmallEntities2023-04-012024-03-3111975048bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3111975048bus:FullAccounts2023-04-012024-03-3111975048bus:PrivateLimitedCompanyLtd2023-04-012024-03-3111975048core:WithinOneYear2024-03-3111975048core:AfterOneYear2024-03-3111975048core:WithinOneYear2023-03-3111975048core:AfterOneYear2023-03-3111975048core:ShareCapital2024-03-3111975048core:SharePremium2024-03-3111975048core:RevaluationReserve2024-03-3111975048core:OtherReservesSubtotal2024-03-3111975048core:RetainedEarningsAccumulatedLosses2024-03-3111975048core:ShareCapital2023-03-3111975048core:SharePremium2023-03-3111975048core:RevaluationReserve2023-03-3111975048core:OtherReservesSubtotal2023-03-3111975048core:RetainedEarningsAccumulatedLosses2023-03-3111975048core:LandBuildings2024-03-3111975048core:PlantMachinery2024-03-3111975048core:Vehicles2024-03-3111975048core:FurnitureFittings2024-03-3111975048core:OfficeEquipment2024-03-3111975048core:NetGoodwill2024-03-3111975048core:IntangibleAssetsOtherThanGoodwill2024-03-3111975048core:ListedExchangeTraded2024-03-3111975048core:UnlistedNon-exchangeTraded2024-03-3111975048core:LandBuildings2023-03-3111975048core:PlantMachinery2023-03-3111975048core:Vehicles2023-03-3111975048core:FurnitureFittings2023-03-3111975048core:OfficeEquipment2023-03-3111975048core:NetGoodwill2023-03-3111975048core:IntangibleAssetsOtherThanGoodwill2023-03-3111975048core:ListedExchangeTraded2023-03-3111975048core:UnlistedNon-exchangeTraded2023-03-3111975048core:LandBuildings2023-04-012024-03-3111975048core:PlantMachinery2023-04-012024-03-3111975048core:Vehicles2023-04-012024-03-3111975048core:FurnitureFittings2023-04-012024-03-3111975048core:OfficeEquipment2023-04-012024-03-3111975048core:NetGoodwill2023-04-012024-03-3111975048core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3111975048core:ListedExchangeTraded2023-04-012024-03-3111975048core:UnlistedNon-exchangeTraded2023-04-012024-03-3111975048core:MoreThanFiveYears2023-04-012024-03-3111975048core:Non-currentFinancialInstruments2024-03-3111975048core:Non-currentFinancialInstruments2023-03-3111975048dpl:CostSales2023-04-012024-03-3111975048dpl:DistributionCosts2023-04-012024-03-3111975048core:LandBuildings2023-04-012024-03-3111975048core:PlantMachinery2023-04-012024-03-3111975048core:Vehicles2023-04-012024-03-3111975048core:FurnitureFittings2023-04-012024-03-3111975048core:OfficeEquipment2023-04-012024-03-3111975048dpl:AdministrativeExpenses2023-04-012024-03-3111975048core:NetGoodwill2023-04-012024-03-3111975048core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3111975048dpl:GroupUndertakings2023-04-012024-03-3111975048dpl:ParticipatingInterests2023-04-012024-03-3111975048dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3111975048core:ListedExchangeTraded2023-04-012024-03-3111975048dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3111975048core:UnlistedNon-exchangeTraded2023-04-012024-03-3111975048dpl:CostSales2022-04-012023-03-3111975048dpl:DistributionCosts2022-04-012023-03-3111975048core:LandBuildings2022-04-012023-03-3111975048core:PlantMachinery2022-04-012023-03-3111975048core:Vehicles2022-04-012023-03-3111975048core:FurnitureFittings2022-04-012023-03-3111975048core:OfficeEquipment2022-04-012023-03-3111975048dpl:AdministrativeExpenses2022-04-012023-03-3111975048core:NetGoodwill2022-04-012023-03-3111975048core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111975048dpl:GroupUndertakings2022-04-012023-03-3111975048dpl:ParticipatingInterests2022-04-012023-03-3111975048dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3111975048core:ListedExchangeTraded2022-04-012023-03-3111975048dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3111975048core:UnlistedNon-exchangeTraded2022-04-012023-03-3111975048core:NetGoodwill2024-03-3111975048core:IntangibleAssetsOtherThanGoodwill2024-03-3111975048core:LandBuildings2024-03-3111975048core:PlantMachinery2024-03-3111975048core:Vehicles2024-03-3111975048core:FurnitureFittings2024-03-3111975048core:OfficeEquipment2024-03-3111975048core:AfterOneYear2024-03-3111975048core:WithinOneYear2024-03-3111975048core:ListedExchangeTraded2024-03-3111975048core:UnlistedNon-exchangeTraded2024-03-3111975048core:ShareCapital2024-03-3111975048core:SharePremium2024-03-3111975048core:RevaluationReserve2024-03-3111975048core:OtherReservesSubtotal2024-03-3111975048core:RetainedEarningsAccumulatedLosses2024-03-3111975048core:NetGoodwill2023-03-3111975048core:IntangibleAssetsOtherThanGoodwill2023-03-3111975048core:LandBuildings2023-03-3111975048core:PlantMachinery2023-03-3111975048core:Vehicles2023-03-3111975048core:FurnitureFittings2023-03-3111975048core:OfficeEquipment2023-03-3111975048core:AfterOneYear2023-03-3111975048core:WithinOneYear2023-03-3111975048core:Liste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RM RECRUIT LIMITED

Registered Number
11975048
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

RM RECRUIT LIMITED

Company Information
for the year from 1 April 2023 to 31 March 2024


Directors	MULLHI, Gurinder
	ROBINSON, Paul


Company Secretary	ROBINSON, Paul


Registered Address	Front Suite 1st Floor Charles House
	148 -149 Great Charles Street
	Birmingham
	B3 3HT


Registered Number	11975048 (England and Wales)

RM RECRUIT LIMITED

Balance Sheet as at
31 March 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,156		1,184
			1,156		1,184
Current assets
Debtors		34,038		44,124
Cash at bank and on hand		204,765		185,926
		238,803		230,050
Creditors amounts falling due within one year	4	(88,979)		(64,074)
Net current assets (liabilities)			149,824		165,976
Total assets less current liabilities			150,980		167,160
Creditors amounts falling due after one year	5		(53)		(53)
Provisions for liabilities	6		(301)		(225)
Net assets			150,626		166,882
Capital and reserves
Called up share capital			100		100
Profit and loss account			150,526		166,782
Shareholders' funds			150,626		166,882

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 financial statements were approved and authorised for issue by the Board of Directors on 27 May 2024, and are signed on its behalf by:

ROBINSON, Paul
Director
Registered Company No. 11975048

RM RECRUIT LIMITED

Notes to the Financial Statements
for the year ended 31 March 2024

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.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	These accounts have been prepared on the basis that the business is a going concern and the Directors consider this appropriate given the current trading performance and their future plans and expectations

	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 rendering of services.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	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
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

	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. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

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.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	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


		2024		2023
	Average number of employees during the year	14		16

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 23	2,336	2,336
Additions	966	966
At 31 March 24	3,302	3,302
Depreciation and impairment
At 01 April 23	1,152	1,152
Charge for year	994	994
At 31 March 24	2,146	2,146
Net book value
At 31 March 24	1,156	1,156
At 31 March 23	1,184	1,184

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	2,399	-
Taxation and social security	84,068	63,239
Other creditors	2,512	598
Accrued liabilities and deferred income	-	237
Total	88,979	64,074


	Short term creditors are measured at transaction price (which is usually the invoice price).

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	53	53
Total	53	53

6.	Provisions for liabilities
	Full provision is made for known liabilities not accounted for elsewhere at the balance sheet date.

	2024	2023
	£	£
Net deferred tax liability (asset)	301	225
Total	301	225