REGISTERED NUMBER: 08578336 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

3D PERSONNEL GROUP LIMITED

Page

Company Information

1

Group Strategic Report

2

to

3

Report of the Directors

4

to

5

Report of the Independent Auditors

6

to

9

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

to

13

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

to

19

Notes to the Consolidated Financial Statements

20

to

37

DIRECTORS:

M Byrne

D Doherty

REGISTERED OFFICE:

Third Floor, Enterprise House Ocean Way

Ocean Village

Southampton

SO14 3XB

REGISTERED NUMBER:

08578336 (England and Wales)

AUDITORS:

Baker Tilly Mooney Moore

Statutory Auditors

17 Clarendon Road

Belfast

BT1 3BG

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS

The results for the year and the financial position at the year end date were considered satisfactory by the directors. There have been no changes to the group's activities during the year.

3D Personnel Group Limited operates in a cyclical industry and is affected by factors beyond the control of the group, for example, the level of construction activity. 3D Personnel Group Limited also faces strong competition in the market, albeit the directors are continuously engaged in increasing its market share.

PRINCIPAL RISKS AND UNCERTAINTIES

3D Personnel Group Limited is an owner led group of companies, whose values make them stand out from other companies in the sector. These values include honesty, integrity, pride, trust, respect for candidates and clients, commitment to keep improving service and showing clients that by working with us we can fulfil our ambitions together. The group aim to build on the relationships they have developed over the last ten years of trading.

3D Personnel Group Limited faces strong competition in the market especially from other recruitment providers. The group continues to focus on its core values to ensure continued growth.

Financial risk management

The group ensures that the financial exposure of the group is subject to regular review by the directors.

Operating risk

The market for recruitment services remains competitive in the current economic climate. The directors are confident that the group has taken the necessary decisions to ensure this competitiveness going forward. The group manages its customer base by complying with its core values, as noted above. In addition, the group ensures that it works closely with the candidates it represents in order to build strong and lasting relationships.

Foreign exchange risk

Exposure to foreign exchange risk is not considered significant as transactions within the subsidiaries are nearly exclusively denominated in the currency of the country of operation.

Credit risk

Credit risk is managed through the company's policies which require appropriate credit checks on potential customers before sales are made.

Liquidity risk

The finance team closely control cash management and ensure sufficient funds for operations.

SECTION 172(1) STATEMENT

The following statement details the considerations required to be carried out by the directors in their performance of their duties in relation to Section 172 (a) to (f) of the Companies Act 2006, namely to act in good faith, to promote the success of the company for the benefit of its members as a whole, and in doing so have regard to the following broad terms:

a) the likely consequences of any decision in the long term

b) the interests of company's employees

c) the need to foster the companies business relationships with suppliers, customers and others

d) the impact of the company's operations on the community and environment

e) the desirability of the company maintaining a reputation for high standards of business conduct

f) the need to act fairly between members of the company.

The directors place great emphasis on the role that value creation has within the organisation, particularly in relation to the health and well-being of their employees, business processes and leadership.

There are continued programmes in place to recognise and encourage talent in the workplace, and to promote opportunities for promotion and role change within the organisation. Further detail regarding this is in the Employee Involvement section within the Directors' Report.

The directors recognise the importance of the role that its business relationships with suppliers, customers and others has on effective and good business flow and maintaining those established relationships to enhance quality management principles and monitor ongoing performance. The directors also have consideration for how their operations and processes impact upon the wider community and environment.

All employees, including directors are expected to adhere to a high standard of business conduct, and receive relevant training to achieve this.

KEY PERFORMANCE INDICATORS

Given the straightforward nature of the business, the group's directors are of the opinion that analysis using key performance indicators (KPI's) is not necessary for an understanding of the development, performance or position of the business.

ON BEHALF OF THE BOARD:

M Byrne - Director

25 September 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

PRINCIPAL ACTIVITIES

The principal activity of the group in the year under review was that of recruitment and construction.

DIVIDENDS

An interim dividend of £1,897.53 per share was paid in the year. The directors recommend that no final dividend be paid.

The total distribution for the year ended 31 December 2024 was £2,000,000.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

M Byrne

D Doherty

FUTURE DEVELOPMENTS

The directors intend to continue its policy of growth and development.

DISABLED EMPLOYEES

The group gives full consideration to applications for employment from disabled persons where the candidate’s particular aptitudes and abilities are consistent with adequately meeting the requirements of the job. Opportunities are available to disabled employees for training, career development and promotion. Where existing employees become disabled, it is the group’s policy to provide continuing employment wherever practicable in the same or an alternative position and to provide appropriate training to achieve this aim.

EMPLOYEE INVOLVEMENT

The company operates a framework for employee information and consultation which complies with the requirements of the Information and Consultation of Employees Regulations 2004. During the year, the policy of providing employees with information about the group has been continued through the newsletter ‘Good Practice Group News’ in which employees have also been encouraged to present their suggestions and views on the group’s performance. Regular meetings are held between local management and employees to allow a free flow of information and ideas. Employees participate directly in the success of the business through the group’s profit sharing schemes and are encouraged to invest in the group through participation in share option schemes.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

Details on how the Group has fostered relationships with suppliers, customers and others can be found within the Group’s Section 172 statement.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors Baker Tilly Mooney Moore will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M Byrne - Director

25 September 2025

Opinion

We have audited the financial statements of 3D Personnel Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Group's ability to operate or to avoid a material penalty.

Our procedures to respond to risks identified included the following:

-reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-enquiring of management, actual and potential litigation and claims;

-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

-in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Eimear Brown (Senior Statutory Auditor)

for and on behalf of Baker Tilly Mooney Moore

Statutory Auditors

17 Clarendon Road

Belfast

BT1 3BG

26 September 2025

TURNOVER

3

52,473

57,456

Cost of sales

43,595

48,769

GROSS PROFIT

8,878

8,687

Administrative expenses

6,142

6,435

2,736

2,252

Other operating income

20

26

OPERATING PROFIT

5

2,756

2,278

Interest receivable and similar income

-

8

2,756

2,286

Gain/loss on revaluation of investment property

114

-

2,870

2,286

Interest payable and similar expenses

7

49

80

PROFIT BEFORE TAXATION

2,821

2,206

Tax on profit

8

440

410

PROFIT FOR THE FINANCIAL YEAR

2,381

1,796

Profit attributable to:

Owners of the parent

2,333

1,705

Non-controlling interests

48

91

2,381

1,796

PROFIT FOR THE YEAR

2,381

1,796

OTHER COMPREHENSIVE LOSS

Foreign exchange movement

(687

)

(305

)

Foreign exchange movement re NCI

(39

)

(13

)

Income tax relating to components of other comprehensive loss

-

-

OTHER COMPREHENSIVE LOSS FOR THE YEAR, NET OF INCOME TAX

(726

)

(318

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,655

1,478

Total comprehensive income attributable to:

Owners of the parent

1,646

1,400

Non-controlling interests

9

78

1,655

1,478

FIXED ASSETS

Tangible assets

11

406

310

Investments

12

175

173

Investment property

13

645

557

1,226

1,040

CURRENT ASSETS

Stocks

14

9,392

8,704

Debtors

15

9,607

9,148

Cash at bank and in hand

1,498

2,326

20,497

20,178

CREDITORS

Amounts falling due within one year

16

4,683

3,831

NET CURRENT ASSETS

15,814

16,347

TOTAL ASSETS LESS CURRENT LIABILITIES

17,040

17,387

CREDITORS

Amounts falling due after more than one year

17

(7

)

(23

)

PROVISIONS FOR LIABILITIES

22

(16

)

(2

)

NET ASSETS

17,017

17,362

CAPITAL AND RESERVES

Called up share capital

23

1

1

Retained earnings

24

16,241

16,595

SHAREHOLDERS' FUNDS

16,242

16,596

NON-CONTROLLING INTERESTS

775

766

TOTAL EQUITY

17,017

17,362

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

M Byrne - Director

D Doherty - Director

CURRENT ASSETS

Debtors

15

2,697

1,105

CREDITORS

Amounts falling due within one year

16

2,689

1,097

NET CURRENT ASSETS

8

8

TOTAL ASSETS LESS CURRENT LIABILITIES

8

8

CAPITAL AND RESERVES

Called up share capital

23

1

1

Retained earnings

24

7

7

SHAREHOLDERS' FUNDS

8

8

Company's profit for the financial year

2,000

-

The financial statements were authorised for issue by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

M Byrne - Director

D Doherty - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£'000

£'000

£'000

£'000

£'000

Balance at 1 January 2023

1

15,195

15,196

688

15,884

Changes in equity

Total comprehensive income

-

1,400

1,400

78

1,478

Balance at 31 December 2023

1

16,595

16,596

766

17,362

Changes in equity

Dividends

-

(2,000

)

(2,000

)

-

(2,000

)

Total comprehensive income

-

1,646

1,646

9

1,655

Balance at 31 December 2024

1

16,241

16,242

775

17,017

Called up

share

Retained

Total

capital

earnings

equity

£'000

£'000

£'000

Balance at 1 January 2023

1

7

8

Changes in equity

Balance at 31 December 2023

1

7

8

Changes in equity

Dividends

-

(2,000

)

(2,000

)

Total comprehensive income

-

2,000

2,000

Balance at 31 December 2024

1

7

8

Cash flows from operating activities

Cash generated from operations

1

113

1,449

Interest paid

(49

)

(80

)

Tax paid

(482

)

(403

)

Net cash from operating activities

(418

)

966

Cash flows from investing activities

Purchase of tangible fixed assets

(143

)

(297

)

Purchase of fixed asset investments

(10

)

-

Purchase of investment property

(110

)

-

Sale of tangible fixed assets

-

2

Interest received

-

8

Net cash from investing activities

(263

)

(287

)

Cash flows from financing activities

Capital repayments in year

(16

)

(726

)

Equity dividends paid

(348

)

-

Net cash from financing activities

(364

)

(726

)

Decrease in cash and cash equivalents

(1,045

)

(47

)

Cash and cash equivalents at beginning of year

2

2,113

2,160

Cash and cash equivalents at end of year

2

1,068

2,113

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.24

31.12.23

£'000

£'000

Profit before taxation

2,821

2,206

Depreciation charges

139

144

Profit on disposal of fixed assets

-

(2

)

Gain on revaluation of fixed assets

(114

)

-

Foreign exchange

(674

)

(298

)

Finance costs

49

80

Finance income

-

(8

)

2,221

2,122

(Increase)/decrease in stocks

(688

)

827

Increase in trade and other debtors

(459

)

(1,386

)

Decrease in trade and other creditors

(961

)

(114

)

Cash generated from operations

113

1,449

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£'000

£'000

Cash and cash equivalents

1,498

2,326

Bank overdrafts

(430

)

(213

)

1,068

2,113

Year ended 31 December 2023

31.12.23

1.1.23

£'000

£'000

Cash and cash equivalents

2,326

3,708

Bank overdrafts

(213

)

(1,548

)

2,113

2,160

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£'000

£'000

£'000

Net cash

Cash at bank and in hand

2,326

(828

)

1,498

Bank overdrafts

(213

)

(217

)

(430

)

2,113

(1,045

)

1,068

Debt

Finance leases

(38

)

16

(22

)

(38

)

16

(22

)

Total

2,075

(1,029

)

1,046

1.	STATUTORY INFORMATION

3D Personnel Group 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to nearest £1,000.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under FRS 102:

a) Disclosures in respect of each class of share capital have not been presented;

b) No cash flow statement has been presented for the parent company;

c) Disclosures in respect of financial instruments have not been presented;

d) No disclosure has been given for the aggregate remuneration of key management personnel.

Basis of consolidation

The consolidated financial statements present the results of 3D Personnel Group Limited and entities controlled by the group (its subsidiaries). Control is achieved where the Group has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Accounting policies consistent with those of the parent are used and all intra-group transactions, balances, income and expenses are eliminated in full on consolidation.

Joint ventures

An entity is treated as a joint venture where the group is party to a contractual agreement with one or more parties from outside the group to undertake an economic activity that is subject to joint control.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.