Company registration number 04441276 (England and Wales)
ALLIANCE PERSONNEL LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
ALLIANCE PERSONNEL LIMITED
COMPANY INFORMATION
Directors
Mr A Kidson
Mrs K Smith
Mr S Massey
Mr C G Ward
Secretary
Mrs K Smith
Company number
04441276
Registered office
Unit 1 Caroline Point
62 Caroline Street Off St Pauls Square
Birmingham
West Midlands
United Kingdom
B3 1UF
Auditor
JHHP Limited
3 Laureates Close
Birmingham
West Midlands
B43 6AY
ALLIANCE PERSONNEL LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Profit and loss account
7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 22
ALLIANCE PERSONNEL LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 5 APRIL 2025
- 1 -

The directors present the strategic report for the period ended 5 April 2025.

Review of the business

The principle activity of the company is the operation of a staff agency supplying temporary and permanent personnel.

Activity levels have reduced through 202 5 with the company choosing carefully who to supply based on profit margins and creditworthiness. The company continues its strategy of growth through targeted recruitment and training. The temporary market is still being impacted by Brexit and although recruitment has been challenging the directors satisfied with the performance through 202 5.

The strategic development will continue in 202 6 with further targeted recruitment planned in new sectors.

Principal risks and uncertainties

The principal risk and uncertainty facing the business is that of competitive pressure which has led to reducing margins in the UK across the industry. To counteract this the business provides added value services to its clients. These include onsite solutions, incentivising temporary staff to increase productivity and incentivised staff who perform well above industry averages.

Key performance indicators

Progress on strategic objectives is monitored by the board of Directors by reference to the following key performance indicators.

Turnover has decreased from £11.34m to £1 0.03 m, a decrease of 11.55%.

Gross profit for the year has in creased from £1.36 m to £1.3 7 m, resulting in a gross profit margin of 13.70% (202 4 - 12.02%).

Profit before tax has increased to a profit of £0.03 m (202 4 - £0.16 m loss).

On behalf of the board

Mr A Kidson
Director
22 October 2025
ALLIANCE PERSONNEL LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 5 APRIL 2025
- 2 -

The directors present their annual report and financial statements for the period ended 5 April 2025.

Principal activities

The principal activity of the company continued to be that of employment agents and consultants.

Results and dividends

The results for the period are set out on page 7.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

Mr A Kidson
Mrs K Smith
Mr S Massey
Mr C G Ward
Auditor

JHHP Limited were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report 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). 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 of the profit or loss of the company 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; and

- 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

ALLIANCE PERSONNEL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
- 3 -
On behalf of the board
Mr A Kidson
Mrs K Smith
Director
Director
Mr S Massey
Mr C G Ward
Director
Director
22 October 2025
ALLIANCE PERSONNEL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ALLIANCE PERSONNEL LIMITED
- 4 -
Opinion

We have audited the financial statements of Alliance Personnel Limited (the 'company') for the period ended 5 April 2025 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including 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 company's affairs as at 5 April 2025 and of its profit for the period 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company 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 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

- the information given in the strategic report and the directors' r eport for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

ALLIANCE PERSONNEL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ALLIANCE PERSONNEL LIMITED (CONTINUED)
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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

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

- the 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 directors' r esponsibilities s tatement, 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 is 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 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 company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor's report 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 and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which include:

- Enquire of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance:

- ﻿Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection:

- ﻿Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- ﻿Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

ALLIANCE PERSONNEL LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ALLIANCE PERSONNEL LIMITED (CONTINUED)
- 6 -

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 of not detecting a material misstatement resulting from fraud is higher then for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Mr John Hegney (Senior Statutory Auditor)
For and on behalf of JHHP Limited, Statutory Auditor
Chartered Certified Accountants
3 Laureates Close
Birmingham
West Midlands
B43 6AY
22 October 2025
ALLIANCE PERSONNEL LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 5 APRIL 2025
- 7 -
Period
Year
ended
ended
5 April
31 March
2025
2024
Notes
£
£
Turnover
3
10,031,736
11,341,360
Cost of sales
(8,657,781)
(9,978,194)
Gross profit
1,373,955
1,363,166
Administrative expenses
(1,259,823)
(1,431,363)
Operating profit/(loss)
4
114,132
(68,197)
Interest payable and similar expenses
7
(85,235)
(90,135)
Profit/(loss) before taxation
28,897
(158,332)
Tax on profit/(loss)
8
(7,926)
39,011
Profit/(loss) for the financial period
20,971
(119,321)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

ALLIANCE PERSONNEL LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 5 APRIL 2025
- 8 -
Period
Year
ended
ended
5 April
31 March
2025
2024
£
£
Profit/(loss) for the period
20,971
(119,321)
Other comprehensive income
-
-
Total comprehensive income for the period
20,971
(119,321)
ALLIANCE PERSONNEL LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 9 -
5 April 2025
31 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
9
24,992
30,246
Current assets
Debtors
10
1,758,750
1,719,367
Cash at bank and in hand
30,069
48,575
1,788,819
1,767,942
Creditors: amounts falling due within one year
11
(1,767,411)
(1,707,983)
Net current assets
21,408
59,959
Total assets less current liabilities
46,400
90,205
Creditors: amounts falling due after more than one year
12
(126,719)
(191,495)
Net liabilities
(80,319)
(101,290)
Capital and reserves
Called up share capital
16
4
4
Profit and loss reserves
(80,323)
(101,294)
Total equity
(80,319)
(101,290)

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 22 October 2025 and are signed on its behalf by:
Mr A Kidson
Mrs K Smith
Director
Director
Mr S Massey
Mr C G Ward
Director
Director
Company registration number 04441276 (England and Wales)
ALLIANCE PERSONNEL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 5 APRIL 2025
- 10 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
4
18,027
18,031
Year ended 31 March 2024:
Loss and total comprehensive income
-
(119,321)
(119,321)
Balance at 31 March 2024
4
(101,294)
(101,290)
Period ended 5 April 2025:
Profit and total comprehensive income
-
20,971
20,971
Balance at 5 April 2025
4
(80,323)
(80,319)
ALLIANCE PERSONNEL LIMITED
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 5 APRIL 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
20
64,675
420,933
Interest paid
(85,235)
(90,135)
Income taxes (paid)/refunded
(13,173)
1,584
Net cash (outflow)/inflow from operating activities
(33,733)
332,382
Investing activities
Purchase of tangible fixed assets
(2,523)
(871)
Loans made to other entities
-
0
(89,455)
Repayment of loans
89,455
-
0
Net cash generated from/(used in) investing activities
86,932
(90,326)
Financing activities
Repayment of bank loans
(71,705)
(248,220)
Net cash used in financing activities
(71,705)
(248,220)
Net decrease in cash and cash equivalents
(18,506)
(6,164)
Cash and cash equivalents at beginning of period
48,575
54,739
Cash and cash equivalents at end of period
30,069
48,575
ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
- 12 -
1
Accounting policies
Company information

Alliance Personnel Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 Caroline Point, 62 Caroline Street Off St Pauls Square, Birmingham, West Midlands, United Kingdom, B3 1UF.

1.1
Reporting period

The company's reporting period has been extended from 31 March 2025 to 5 April 2025 and the annual financial statements are presented for a period longer than one year, so that the accounting period is aligned to the tax year. Therefore, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of G A S K Holdings Limited (company number 08687416). These consolidated financial statements are available from Companies House.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 13 -
1.4
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% per annum of net book value
Computers
25% per annum of net book value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the 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 an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 14 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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 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 transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 15 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 16 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
- 17 -
3
Turnover

An analysis of the company's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Principal activity
10,031,736
11,341,360
4
Operating profit/(loss)
2025
2024
Operating profit/(loss) for the period is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
10,500
10,500
Depreciation of owned tangible fixed assets
7,777
10,022
Operating lease charges
2,351
24,961
5
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Direct labour temps
106
177
Admin and management
14
20
Directors
4
4
Total
124
201

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
3,330,795
4,545,055
Social security costs
303,366
382,920
Pension costs
40,865
53,359
3,675,026
4,981,334
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
296,427
103,767
ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
6
Directors' remuneration
(Continued)
- 18 -

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 4 (2024 - 4).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
74,107
25,942
7
Interest payable and similar expenses
2025
2024
£
£
Interest on invoice finance arrangements
66,863
78,708
Other interest
18,372
11,427
85,235
90,135
8
Taxation
2025
2024
£
£
Deferred tax
Origination and reversal of timing differences
7,926
(39,011)

The actual charge/(credit) for the period can be reconciled to the expected charge/(credit) for the period based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit/(loss) before taxation
28,897
(158,332)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
7,224
(39,583)
Tax effect of expenses that are not deductible in determining taxable profit
702
572
Taxation charge/(credit) for the period
7,926
(39,011)
ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
- 19 -
9
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2024
57,874
107,987
165,861
Additions
-
0
2,523
2,523
At 5 April 2025
57,874
110,510
168,384
Depreciation and impairment
At 1 April 2024
47,202
88,413
135,615
Depreciation charged in the period
2,670
5,107
7,777
At 5 April 2025
49,872
93,520
143,392
Carrying amount
At 5 April 2025
8,002
16,990
24,992
At 31 March 2024
10,672
19,574
30,246
10
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,307,363
1,408,443
Other debtors
70
89,455
Prepayments and accrued income
429,524
191,750
1,736,957
1,689,648
Deferred tax asset (note 14)
21,793
29,719
1,758,750
1,719,367
11
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
13
972,658
1,044,363
Trade creditors
17,523
54,545
Taxation and social security
309,491
382,104
Other creditors
57
253
Accruals and deferred income
467,682
226,718
1,767,411
1,707,983
ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
- 20 -
12
Creditors: amounts falling due after more than one year
2025
2024
£
£
Corporation tax
41,822
54,995
Other taxation and social security
84,897
136,500
126,719
191,495
13
Loans and overdrafts
2025
2024
£
£
Bank loans
972,658
1,044,363
Payable within one year
972,658
1,044,363

Bank loans due within one year relate to advances from factors.

The company has given a charge on all book debts in favour of RBS Invoice Finance Limited in respect of advances from factors.

14
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Assets
Assets
2025
2024
Balances:
£
£
Accelerated capital allowances
(5,838)
(7,153)
Tax losses
27,631
36,872
21,793
29,719
2025
Movements in the period:
£
Asset at 1 April 2024
(29,719)
Charge to profit or loss
7,926
Asset at 5 April 2025
(21,793)

The deferred tax asset set out above is expected to reverse within 12 months and relates to the utilisation of tax losses against future expected profits of the same period.

ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
- 21 -
15
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
40,865
53,359

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

16
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4
4
4
4
17
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
25,000
24,000
Years 2-5
50,000
72,000
75,000
96,000
18
Directors' transactions

Dividends totalling £0 (2024 - £0) were paid in the period in respect of shares held by the company's directors.

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Directors' loan
-
89,455
(89,455)
-
89,455
(89,455)
-
19
Ultimate controlling party

The ultimate parent company is G A S K Holdings Limited, a company registered in England & Wales. I t s registered office is Unit 2 Caroline Point, 62 Caroline Street Off St Pauls Square, Birmingham, B3 1UF.

The company is consolidated in the group accounts of G A S K Holdings Limited, which are publicly available from Companies House.

ALLIANCE PERSONNEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
- 22 -
20
Cash generated from operations
2025
2024
£
£
Profit/(loss) after taxation
20,971
(119,321)
Adjustments for:
Taxation charged/(credited)
7,926
(39,011)
Finance costs
85,235
90,135
Depreciation and impairment of tangible fixed assets
7,777
10,022
Movements in working capital:
(Increase)/decrease in debtors
(136,764)
307,469
Increase in creditors
79,530
171,639
Cash generated from operations
64,675
420,933
21
Analysis of changes in net debt
1 April 2024
Cash flows
5 April 2025
£
£
£
Cash at bank and in hand
48,575
(18,506)
30,069
Borrowings excluding overdrafts
(1,044,363)
71,705
(972,658)
(995,788)
53,199
(942,589)
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