REGISTERED NUMBER: 03076203 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Right Management Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

J F Alaminos

Mrs C M Alaminos

SECRETARY:

J F Alaminos

REGISTERED OFFICE:

11 Lincoln Way

Maldon

Essex

CM9 6GL

REGISTERED NUMBER:

03076203 (England and Wales)

ACCOUNTANTS:

Michael J Ventham

11 Lincoln Way

Maldon

Essex

CM9 6GL

FIXED ASSETS

Tangible assets

4

16,124

23,135

CURRENT ASSETS

Debtors

5

534,429

962,821

Cash at bank

33,196

-

567,625

962,821

CREDITORS

Amounts falling due within one year

6

362,800

528,118

NET CURRENT ASSETS

204,825

434,703

TOTAL ASSETS LESS CURRENT LIABILITIES

220,949

457,838

CREDITORS

Amounts falling due after more than one year

7

(65,438

)

(440,767

)

PROVISIONS FOR LIABILITIES

8

(4,002

)

(4,365

)

NET ASSETS

151,509

12,706

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

151,409

12,606

SHAREHOLDERS' FUNDS

151,509

12,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 29 September 2025 and were signed on its behalf by:

J F Alaminos - Director

1.	STATUTORY INFORMATION

Right Management Services 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.

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.

Turnover and profits

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Tangible fixed assets

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

Office Equipment

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

Stock and work in progress

The Company carries no stock of materials etc, other than that currently on site which is automatically included in the latest invoice/request for payment. As such, there is no Work in Progress, because all work to date is included in each request for payment at the end of each month.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

42,129

24,096

66,225

DEPRECIATION

At 1 January 2024

32,925

10,165

43,090

Charge for year

3,528

3,483

7,011

At 31 December 2024

36,453

13,648

50,101

NET BOOK VALUE

At 31 December 2024

5,676

10,448

16,124

At 31 December 2023

9,204

13,931

23,135

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

178,270

295,770

Amounts owed by group undertakings

237,352

365,642

Other debtors

95,439

253,291

VAT

19,417

44,131

Prepayments

3,951

3,987

534,429

962,821

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

34,500

52,855

Trade creditors

64,779

189,514

Tax

124,422

13,625

Social security and other taxes

26,845

65,074

Net Wages

9,628

11,790

Pension Liability

626

1,824

Other creditors

36,627

107,285

Company Credit card

4,473

4,117

Right Managements Services RBS

60,000

79,092

Accruals and deferred income

900

2,942

362,800

528,118

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank CBILS - NatWest 2-5 yrs

17,500

47,500

Santander - 2-5 yrs

5,250

9,750

Right Management Serv Ltd RBS

42,688

383,517

65,438

440,767

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

4,002

4,365

Deferred

tax

£

Balance at 1 January 2024

4,365

Movement in the year

(363

)

Balance at 31 December 2024

4,002

9.

RESERVES

Retained

earnings

£

At 1 January 2024

12,606

Profit for the year

388,803

Dividends

(250,000

)

At 31 December 2024

151,409

10.	RELATED PARTY DISCLOSURES

Other debtors includes £237,352 (2023: £365,642) owed by Right Management Services (Holdings) Limited, the Company's immediate parent company. J F Alaminos and M C Alaminos, directors of this company, are shareholders in Right Management Services (Holdings) Limited.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J F Alaminos.

12.	BANK LOANS AND OVERDRAFTS

Included in long term liabilities is a Coronavirus Business Interruption Loan of £17,500 (2023: £47,500) repayable in monthly instalments of £2,500.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Right Management Services Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Right Management Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Right Management Services Limited and state those matters that we have agreed to state to the Board of Directors of Right Management Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Right Management Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Right Management Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Right Management Services Limited. You consider that Right Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Right Management Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Michael J Ventham

11 Lincoln Way

Maldon

Essex

CM9 6GL

29 September 2025