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REGISTERED NUMBER: 07328342 (England and Wales)

| TIME 4 RECRUITMENT SOLUTIONS LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 DECEMBER 2024 |

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

TIME 4 RECRUITMENT SOLUTIONS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 DECEMBER 2024

| DIRECTORS: | G T Lillywhite

| K Martin

| REGISTERED OFFICE: | 167 Broadway

| Cardiff

| SOUTH GLAMORGAN

| CF24 1QH

| REGISTERED NUMBER: | 07328342 (England and Wales)

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

BALANCE SHEET

30 DECEMBER 2024

| 30.12.24 | 30.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 5,311 |  | 5,703 |  |

CURRENT ASSETS

Debtors | 5 | 1,260,593 |  | 1,156,624 |  |

Cash at bank and in hand | 279,276 |  | 285,850 |  |

1,539,869 |  | 1,442,474 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,188,291 |  | 1,110,550 |  |

NET CURRENT ASSETS | 351,578 |  | 331,924 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 356,889 |  | 337,627 |  |

PROVISIONS FOR LIABILITIES | 9 | 578 |  | - |  |

NET ASSETS | 356,311 |  | 337,627 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 11 | 356,211 |  | 337,527 |  |

SHAREHOLDERS' FUNDS | 356,311 |  | 337,627 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

BALANCE SHEET - continued

30 DECEMBER 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

G T Lillywhite - Director

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

1. | STATUTORY INFORMATION

| Time 4 Recruitment Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

| Change in audit status

| These financial statements for the year ended 30 December 2024 are unaudited. The financial statements for the year ended 30 December 2023 were audited.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Going Concern

| The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The directors have prepared forecasts for the next 12 months from the date of signing of this report. The directors believe that these forecasts are based on realistic income assumptions and are confident that the company will continue to be able to meet its liabilities as they fall due.

| At the date of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Significant judgements and estimates

| In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| Impairment of debtors - The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the aging profile of debtors and historical experience.

| Turnover recognition

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

| Rendering of services

| Turnover represents the provision of temporary and permanent workers to customers and clients. Turnover is recognised on the completion of approved timesheets for temporary workers and upon commencement of a placement for permanent workers. Turnover is stated as invoiced and is net of discounts and rebates and excluding VAT.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 25% on cost

| Tangible assets are stated at cost less accumulated depreciation and impairment losses to arrive at the carrying value in the financial statements. The cost of a tangible asset includes the original purchase price, delivery costs, and costs directly attributable to bringing the asset to its working condition for its intended use.

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Research and development

| The company has not claimed any research and development expenditure during the period.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

| Rental paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Financial instruments

| The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 22 (2023 - 23 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 31 December 2023 | 1,618 |  | 82,344 |  | 83,962 |  |

| Additions | 212 |  | 1,863 |  | 2,075 |  |

| At 30 December 2024 | 1,830 |  | 84,207 |  | 86,037 |  |

| DEPRECIATION

| At 31 December 2023 | 1,618 |  | 76,641 |  | 78,259 |  |

| Charge for year | 25 |  | 2,442 |  | 2,467 |  |

| At 30 December 2024 | 1,643 |  | 79,083 |  | 80,726 |  |

| NET BOOK VALUE

| At 30 December 2024 | 187 |  | 5,124 |  | 5,311 |  |

| At 30 December 2023 | - |  | 5,703 |  | 5,703 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.12.24 |  | 30.12.23

£ | £ |

| Trade debtors | 1,126,320 |  | 1,023,065 |  |

| Other debtors | 134,273 |  | 133,559 |  |

1,260,593 |  | 1,156,624 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.12.24 |  | 30.12.23

£ | £ |

| Bank loans and overdrafts (see note 7) | 5,503 |  | - |  |

| Trade creditors | 21,086 |  | 19,017 |  |

| Taxation and social security | 154,724 |  | 151,135 |  |

| Other creditors | 1,006,978 |  | 940,398 |  |

1,188,291 |  | 1,110,550 |  |

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2024

7. | LOANS

| An analysis of the maturity of loans is given below:

| 30.12.24 |  | 30.12.23

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 5,503 |  | - |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.12.24 |  | 30.12.23

£ | £ |

| Bank overdraft | 5,503 |  | - |  |

| Sales Financing | 806,103 |  | 748,596 |  |

811,606 |  | 748,596 |  |

| Sales financing by HSBC Invoice (UK) Ltd holds a Fixed and Floating charge over the Company's assets including book debts and related rights as security.

9. | PROVISIONS FOR LIABILITIES

| 30.12.24 |

£ |  |

| Deferred tax | 578 |  |

| Deferred |

| tax |

£ |

| Balance at 31 December 2023 | (8,604 | ) |

| Temporary timing differences | 9,182 |  |

| Balance at 30 December 2024 | 578 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number: | Class: | Nominal | 30.12.24 |  | 30.12.23

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2024

11. | RESERVES

| Retained

| earnings

£ |

| At 31 December 2023 | 337,527 |  |

| Profit for the year | 103,084 |  |

| Dividends | (84,400 | ) |

| At 30 December 2024 | 356,211 |  |

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 December 2024 and 30 December 2023:

| 30.12.24 |  | 30.12.23

£ | £ |

| G T Lillywhite

| Balance outstanding at start of year | (32,255 | ) | (18,392 | ) |

| Amounts advanced | (42,406 | ) | (42,508 | ) |

| Amounts repaid | 42,200 |  | 28,645 |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (32,461 | ) | (32,255 | ) |

| K Martin

| Balance outstanding at start of year | (59,325 | ) | (45,307 | ) |

| Amounts advanced | (35,464 | ) | (42,663 | ) |

| Amounts repaid | 42,200 |  | 28,645 |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (52,589 | ) | (59,325 | ) |

| The directors loan account included within debtors falling due within 1 years, are repayable on demand and interest free.

13. | RELATED PARTY DISCLOSURES

| The company operates from a property in Cardiff which is co-owned by a director of the company.

| During the period £16,000 (2023 - £16,000) was paid by the company for the rental of this property.

TIME 4 RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07328342)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 DECEMBER 2024

14. | ULTIMATE CONTROLLING PARTY

| In the opinion of the directors there is no ultimate controlling party.