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Registration number: 01684162

Prepared for the registrar
Datasource Computer Employment Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 May 2025

Datasource Computer Employment Limited

(Registration number: 01684162)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 10,656 | 18,081
Investments | 6 | 49 | 49
|  | 10,705 | 18,130
Current assets |  |  |
Debtors | 7 | 558,090 | 915,467
Cash at bank and in hand |  | 923,667 | 705,865
|  | 1,481,757 | 1,621,332
Creditors: Amounts falling due within one year | 8 | (845,435) | (1,022,878)
Net current assets |  | 636,322 | 598,454
Total assets less current liabilities |  | 647,027 | 616,584
Creditors: Amounts falling due after more than one year | 8 | - | (12,037)
Deferred tax liabilities | 4 | - | (275)
Net assets |  | 647,027 | 604,272
Capital and reserves |  |  |
Called up share capital |  | 10,000 | 10,000
Retained earnings |  | 637,027 | 594,272
Shareholders' funds |  | 647,027 | 604,272

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 November 2025 and signed on its behalf by:

S J Macleod Director |  |

Datasource Computer Employment Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
83 Promenade
Cheltenham
Gloucestershire
GL50 1PJ

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Datasource Computer Employment Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | Various
Fixtures and fittings | Various
Motor vehicles | 20% reducing balance

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Datasource Computer Employment Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 18).

Datasource Computer Employment Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

| 4 | Deferred tax

Deferred tax assets and liabilities

2025 | Asset £ | Liability £
Difference between accumulated depreciation and capital allowances | - | -
Short term timing difference | - | -
| - | -

2024 | Asset £ | Liability £
Difference between accumulated depreciation and capital allowances | - | 404
Short term timing difference | 129 | -
| 129 | 404

| 5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost
At 1 June 2024 | 109,875 | 631 | 110,506
Additions | 3,817 | - | 3,817
Disposals | (1,166) | - | (1,166)
At 31 May 2025 | 112,526 | 631 | 113,157
Depreciation
At 1 June 2024 | 92,115 | 310 | 92,425
Charge for the year | 11,178 | 64 | 11,242
Eliminated on disposal | (1,166) | - | (1,166)
At 31 May 2025 | 102,127 | 374 | 102,501
Carrying amount
At 31 May 2025 | 10,399 | 257 | 10,656
At 31 May 2024 | 17,760 | 321 | 18,081

| 6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 49 | 49

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Datasource Computer Employment Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Datasource Recruitment Limited | 83 Promenade Cheltenham Gloucestershire GL50 1PJ | Ordinary £1 | 49% | 49%

The aggregate amount of capital and reserves of Datasource Recruitment Limited at the end of the period was £0.

| 7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 389,482 | 621,460
Prepayments | 31,914 | 28,781
Other debtors | 136,694 | 265,226
| 558,090 | 915,467

| 8 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 318,025 | 317,089
Trade creditors |  | 300,882 | 445,275
Taxation and social security |  | 89,467 | 67,141
Accruals and deferred income |  | 133,340 | 189,482
Other creditors |  | 3,721 | 3,891
|  | 845,435 | 1,022,878

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | - | 12,037

Datasource Computer Employment Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

| 9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings (secured creditor) | 12,037 | 11,111
Datasource Employment Holdings Limited (secured creditor) | 305,988 | 305,978
| 318,025 | 317,089

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 12,037

| 10 | Related party transactions

At 31 May 2025, the company owed £305,988 (2024 - £305,978) to Datasource Employment Holdings Limited, its holding company. The loan is interest free and repayable on demand.

| 11 | Controlling party

The company's immediate parent is Datasource Employment Holdings Limited, incorporated in England and Wales.