REGISTERED NUMBER: 11826391 (England and Wales)

RETAIL TEMPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss C Gravelle

REGISTERED OFFICE:

Unit 17-18

Goodsheds Container Village

Hood Road

Barry

Vale of Glamorgan

CF62 5QU

REGISTERED NUMBER:

11826391 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,555

3,659

4,555

3,659

CURRENT ASSETS

Debtors

6

390,517

127,131

Cash at bank

27,776

86,508

418,293

213,639

CREDITORS

Amounts falling due within one year

7

276,964

153,954

NET CURRENT ASSETS

141,329

59,685

TOTAL ASSETS LESS CURRENT LIABILITIES

145,884

63,344

CREDITORS

Amounts falling due after more than one year

8

(23,393

)

(29,241

)

PROVISIONS FOR LIABILITIES

11

(1,139

)

(915

)

NET ASSETS

121,352

33,188

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

121,252

33,088

SHAREHOLDERS' FUNDS

121,352

33,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 30 September 2025 and were signed by:

Miss C Gravelle - Director

1.	STATUTORY INFORMATION

Retail Temps 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 (£).

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. In making their assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with their continued support.

At the date of approving the financial statements the director has 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 director continues to adopt the going concern basis of accounting in preparing the financial statements.

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.

Turnover

Turnover is measured at fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of Services:

Turnover represents the provision of temporary workers to customers and clients. Turnover is recognised on the completion of approved timesheets and is net of discounts, rebates and VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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 reducing balance

Computer equipment

-

33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

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, loans to related companies 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, loans to related companies 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 128 (2024 - 74 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

40,000

19,154

59,154

AMORTISATION

At 1 June 2024

and 31 May 2025

40,000

19,154

59,154

NET BOOK VALUE

At 31 May 2025

-

-

-

At 31 May 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2024

1,423

5,746

7,169

Additions

-

2,717

2,717

At 31 May 2025

1,423

8,463

9,886

DEPRECIATION

At 1 June 2024

418

3,092

3,510

Charge for year

251

1,570

1,821

At 31 May 2025

669

4,662

5,331

NET BOOK VALUE

At 31 May 2025

754

3,801

4,555

At 31 May 2024

1,005

2,654

3,659

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

365,068

72,167

Other debtors

25,449

54,964

390,517

127,131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

5,848

5,848

Trade creditors

3,032

-

Taxation and social security

179,724

95,918

Other creditors

88,360

52,188

276,964

153,954

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

23,393

29,241

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

-

5,848

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loan

5,848

5,848

Amounts falling due between one and two years:

Bank loan

5,848

5,848

2025

2024

£

£

Amounts falling due between two and five years:

Bank loan

17,545

17,545

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

-

5,848

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Invoice discounting account

35,954

-

The company's invoice discounting account is secured by fixed and floating charges over all assets of the company.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,139

915

Deferred

tax

£

Balance at 1 June 2024

915

Accelerated capital allowances

224

Balance at 31 May 2025

1,139

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

13.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

Miss C Gravelle

Balance outstanding at start of year

(134

)

(134

)

Amounts advanced

7,214

-

Amounts repaid

(4,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,080

(134

)

Included in debtors, amounts falling due within one year is an amount owed by the director of £3,080 (2024 - -£134). The amount owed is interest free and repayable on demand.

14.	RELATED PARTY DISCLOSURES

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss C Gravelle.