Accept Recruitment Ltd

	Page
Company Information	1
Strategic Report	2
Director's Report	3—4
Independent Auditor's Report	5—7
Profit and Loss Account	8
Balance Sheet	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Notes to the Statement of Cash Flows	12
Notes to the Financial Statements	13—19

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Strategic Report

For the Period 1 March 2024 to 31 March 2025

Strategic Report

The director presents his strategic report for the period ended 31 March 2025.

Review of the Business

Turnover for the financial year was broadly in line with the previous year. However, the company achieved an improvement in profitability, primarily due to effective cost control measures and a reduction in overheads.

Demand for temporary staffing has continued to increase across the company’s key markets, reflecting broader trends in flexible workforce demand and providing a solid platform for sustained growth.

The directors remain focused on operational efficiency and delivering high-quality service to clients and candidates alike.

	Unit	2025	2024
Direct wages to turnover	%	81.5	84
Gross profit	%	18.5	16

On 9 October 2025, as part of a wider re-positioning of the business and its' brand, the company was changed its name from Pearce Recruitment Services Limited to Accept Recruitment Limited.

Future Developments

The company will continue to invest in technology and automation to enhance its recruitment processes, strengthen data integration, and improve overall client and candidate experience. The directors believe this continued innovation will support scalability and margin growth in future periods.

Principal Risks and Uncertainties

Changes to national living wage and national insurance contributions continue to represent a challenge to the business. There are also anticipated regulatory changes, following the change of government, to zero-hour contracts that may affect the demand for flexible workers. Close collaboration with clients will be crucial to understanding and mitigating the impact on their use of temporary workers.

Cashflow management is of utmost importance, and we proactively manage our balance sheet to effectively handle short-term fluctuations in demand, particularly during our peak period, which typically spans from August to December.

In a highly competitive industry, we consistently monitor service levels to ensure the delivery of cost-effective solutions that align with the evolving needs of our clients. This strategic focus enables us to remain competitive while continuing to uphold the highest standards of service delivery.

On behalf of the board

Mr M Pearce

Director

5 December 2025

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Accept Recruitment Ltd

Company No. 09426027

Director's Report For the Period 1 March 2024 to 31 March 2025

Director's Report

The director presents his report and the financial statements for the period ended 31 March 2025.

Principal Activity

The company's principal activity continues to be the provision of recruitment services, with a focus on temporary and permanent staffing solutions across a range of industries.

Financial Instruments

The company has exposure to a variety of financial risks which are managed with purpose of minimising any potential adverse affect on the company's performance. The directors have policies for managing each of these these risks and they are summarised below:

Credit risk

The company is exposed to credit risk through most of its trading with its clients. The Director mitigate this risk through the use of invoice discounting facilities with Novuna.

Directors

The director who held office during the period were as follows:

Mr M Pearce

Employees

Applications for employment by disabled persons are always fully considered, bearing in mind the abilities of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment with the company continues and that appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons, as far as possible, be identical to that of other employees.

Employee Engagement Statement

The company places considerable value on the involvement of its employees and has continued to keep them informed on matters affecting them as employees and on the various factors affecting the performance of the company. This is achieved through formal and informal meetings. Employee representatives are consulted regularly through an employee forum on a wide range of matters affect their current and future interests. Employee representatives are encouraged to share any concerns so that management are aware and able to react appropriately.

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director 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 the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, 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 director is 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. He is 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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Accept Recruitment Ltd

Director's Report (continued)

For the Period 1 March 2024 to 31 March 2025

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, HSJ Audit Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr M Pearce

Director

5 December 2025

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Independent Auditor's Report

to the Members of

Accept Recruitment Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of Accept Recruitment Ltd for the period ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) 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 director's 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 entity's ability to continue as a going concern for a period of at least 12 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 director is 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. 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 Strategic Report and Director's Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

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 or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Independent Auditor's Report (continued)

to the Members of

Accept Recruitment Ltd

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 3—4, the director is 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 director 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 director is 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.

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.

We communicated identified fraud risks throughout the engagement team and remained alert throughout the engagement process for any indications of fraud.

As required by the auditing standards, we identify and assess the risk of material misstatement of financial statements, whether due to fraud or error, in particular revenue recognition and management override of control. We 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.

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

Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
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 entity through enquiry and inspection;
Reviewing financial statement disclosures and testing supporting documentation to assess compliance with applicable laws and regulations;
Identifying journal entries and other adjustments to test based on risk criteria and comparing the identified entries to supporting documentation. These included those posted to unusual account combinations;
Assessing whether revenue has been accounted for in the correct period and the existence of revenue at the cut off date based on the adopted accounting policy for revenue.

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 regulations. This risk increases the more than 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 than for one result from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of an internal control.

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

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Independent Auditor's Report (continued)

to the Members of

Accept Recruitment Ltd

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 that we are required to state to them in an auditor's report 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.

Andrew Hill (Senior Statutory Auditor)

for and on behalf of HSJ Audit Limited , Statutory Auditor

5 December 2025

HSJ Audit Limited

Severn House

Hazell Drive

Newport

NP10 8FY

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Accept Recruitment Ltd

Profit and Loss Account

For the Period 1 March 2024 to 31 March 2025

Profit and Loss Account

		31 March 2025	29 February 2024
	Notes	£	£
TURNOVER	3	11,681,989	11,668,029
Cost of sales		(9,523,051 )	(9,796,427 )

GROSS PROFIT		2,158,938	1,871,602

Administrative expenses		(1,966,319 )	(1,836,340 )
Other operating income		4,599	1,500

OPERATING PROFIT	5	197,218	36,762
Profit on disposal of fixed assets		-	40,181
Interest payable and similar charges	10	(93,712 )	(49,229 )

PROFIT BEFORE TAXATION		103,506	27,714
Tax on Profit	11	(34,107 )	(17,220 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL PERIOD		69,399	10,494

The notes on pages 12 to 19 form part of these financial statements.

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Accept Recruitment Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 09426027

		31 March 2025		29 February 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		126,344		125,667

			126,344		125,667
CURRENT ASSETS
Debtors	13	1,656,022		1,615,248
Cash at bank and in hand		32,317		253,304

		1,688,339		1,868,552
Creditors: Amounts Falling Due Within One Year	14	(1,333,384 )		(1,378,638 )

NET CURRENT ASSETS (LIABILITIES)			354,955		489,914

TOTAL ASSETS LESS CURRENT LIABILITIES			481,299		615,581

Creditors: Amounts Falling Due After More Than One Year	15		(104,120 )		(157,801 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	18		(31,416 )		(31,416 )

NET ASSETS			345,763		426,364

CAPITAL AND RESERVES
Called up share capital	20		50		50
Capital redemption reserve			50		50
Profit and Loss Account			345,663		426,264

SHAREHOLDERS' FUNDS			345,763		426,364

On behalf of the board

Mr M Pearce

Director

5 December 2025

The notes on pages 12 to 19 form part of these financial statements.

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Accept Recruitment Ltd

Statement of Changes in Equity

For the Period 1 March 2024 to 31 March 2025

Statement of Changes in Equity

	Share Capital	Capital Redemption	Profit and Loss Account	Total
	£	£	£	£
As at 1 March 2023	100	-	759,120	759,220
Profit for the year and total comprehensive income	-	-	10,494	10,494

Dividends paid	-	-	(43,400)	(43,400)
Purchase of own shares	(50 )	50	(299,950 )	(299,950)

As at 29 February 2024 and 1 March 2024	50	50	426,264	426,364


Profit for the period and total comprehensive income	-	-	69,399	69,399

Dividends paid	-	-	(150,000)	(150,000)

As at 31 March 2025	50	50	345,663	345,763

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Accept Recruitment Ltd

Statement of Cash Flows

For the Period 1 March 2024 to 31 March 2025

Statement of Cash Flows

		31 March 2025	29 February 2024
	Notes	£	£
Cash flows from operating activities
Net cash (used in)/generated from operations	1	(187,699 )	16,203
Interest paid		(93,712 )	(19,309 )
Tax paid		(20,222 )	(83,884 )

Net cash used in operating activities		(301,633 )	(86,990 )

Cash flows from investing activities
Purchase of tangible assets		(61,080 )	(105,657 )
Proceeds from disposal of tangible assets		-	81,568

Net cash used in investing activities		(61,080 )	(24,089 )

Cash flows from financing activities
Purchase/redemption of own shares		-	(299,950 )
Equity dividends paid		(150,000 )	(43,400 )
Repayment of bank borrowings		(54,167 )	(50,000 )
Proceeds from new other loans		339,459	415,295
Repayment of other loans		-	(2,233)
Repayment of finance leases		3,858	(19,230 )
Amount introduced by directors		2,576	-

Net cash generated from financing activities		141,726	482



Decrease in cash and cash equivalents		(220,987 )	(110,597 )
Cash and cash equivalents at beginning of period	2	253,304	363,901

Cash and cash equivalents at end of period	2	32,317	253,304

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Accept Recruitment Ltd

Notes to the Statement of Cash Flows

For the Period 1 March 2024 to 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial period to cash (used in)/generated from operations

	31 March 2025	29 February 2024
	£	£
Profit for the financial period	69,399	10,494
Adjustments for:
Tax on profit	34,107	17,220
Interest expense	93,712	19,309
Depreciation of tangible assets	60,403	76,280
Profit on disposal of tangible assets	-	(40,181)
Movements in working capital:
(Increase)/decrease in trade and other debtors	(382,525 )	238,104
Decrease in trade and other creditors	(62,795 )	(305,023 )

Net cash (used in)/generated from operations	(187,699 )	16,203

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	31 March 2025	29 February 2024
	£	£
Cash at bank and in hand	32,317	253,304
Overdraft facilities repayable on demand	(754,753 )	(415,295 )

Cash and cash equivalents as stated in the Statement of Cash Flows	(722,436)	(161,991)

3. Analysis of changes in net funds/(debt)

	As at 1 March 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	253,304	(220,987)	32,317
Finance leases	(117,706)	(3,858)	(121,564)
Debts falling due within one year	(50,000 )	-	(50,000 )
Debts falling due after more than one year	(66,667)	54,167	(12,500)

	18,931	(170,678)	(151,747)

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Accept Recruitment Ltd

Notes to the Financial Statements

For the Period 1 March 2024 to 31 March 2025

Notes to the Financial Statements

1. General Information

Accept Recruitment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09426027 . The registered office is Units 3 & 4 Forest Business Park, Oswin Road, Leicester, LE3 1HR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

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

The presentational currency of these financial statements is sterling and all amounts in the financial statements have been rounded to the nearest £1.

2.2. Significant judgements and estimations

In the application of the company’s accounting policies, the director is 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 the revision and future periods where the revisions affects both current and future periods.

2.3. Turnover

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 value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Straight line
Fixtures & Fittings	25% Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Accept Recruitment Ltd

Notes to the Financial Statements (continued)

For the Period 1 March 2024 to 31 March 2025

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. 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.

3. Turnover

Analysis of turnover by geographical market is as follows:

	31 March 2025	29 February 2024
	£	£
United Kingdom	11,681,989	11,668,029

	11,681,989	11,668,029

4. Other Operating Income

	31 March 2025	29 February 2024
	£	£
Other operating income	4,599	1,500

	4,599	1,500

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Accept Recruitment Ltd

Notes to the Financial Statements (continued)

For the Period 1 March 2024 to 31 March 2025

5. Operating Profit

The operating profit is stated after charging:

	31 March 2025	29 February 2024
	£	£
Bad debts	(11,645)	53,498
Depreciation of tangible fixed assets	60,403	76,280

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the period was as follows:

	31 March 2025	29 February 2024
	£	£
Audit Services
Audit of the company's financial statements	5,400	5,250

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	31 March 2025	29 February 2024
	£	£
Wages and salaries	10,529,080	10,933,739
Social security costs	256,080	115,557
Other pension costs	200,104	17,021

	10,985,264	11,066,317

8. Average Number of Employees

Average number of employees, including directors, during the period was as follows:

	31 March 2025	29 February 2024
Office and administration	31	30
Director	1	1
Agency Staff	376	376

	408	407

9. Director's remuneration

	31 March 2025	29 February 2024
	£	£
Emoluments	16,250	92,917
Company contributions to money purchase pension schemes	170,000	-

	186,250	92,917

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Accept Recruitment Ltd

Notes to the Financial Statements (continued)

For the Period 1 March 2024 to 31 March 2025

10. Interest Payable and Similar Charges

	31 March 2025	29 February 2024
	£	£
Bank loans and overdrafts	12,958	14,064
Factoring charges	72,681	27,187
Finance charges payable under finance leases and hire purchase contracts	8,073	6,190
Other finance charges	-	1,788

	93,712	49,229

11. Tax on Profit

	Tax Rate		31 March 2025	29 February 2024
The tax charge on the profit for the period was as follows:
	31 March 2025	29 February 2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	34,107	20,222
Deferred Tax
Origination and reversal of timing differences			-	(3,002 )


Total tax charge for the period			34,107	17,220


The actual charge for the period can be reconciled to the expected charge for the period based on the profit and the standard rate of corporation tax as follows:
			31 March 2025	29 February 2024
			£	£
Profit before tax			103,506	27,714

Tax on profit at 25% (UK standard rate)			25,877	6,466
Goodwill/depreciation not allowed for tax			15,101	8,038
Expenses not deductible for tax purposes			10,307	10,895
Capital allowances			(15,270 )	(5,177 )
Short term timing differences			-	(3,002 )
Difference in tax rates			(1,908 )	-

Total tax charge for the period			34,107	17,220

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Accept Recruitment Ltd

Notes to the Financial Statements (continued)

For the Period 1 March 2024 to 31 March 2025

12. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 March 2024	146,592	74,635	221,227
Additions	61,080	-	61,080

As at 31 March 2025	207,672	74,635	282,307

Depreciation
As at 1 March 2024	31,761	63,799	95,560
Provided during the period	51,918	8,485	60,403

As at 31 March 2025	83,679	72,284	155,963

Net Book Value
As at 31 March 2025	123,993	2,351	126,344

As at 1 March 2024	114,831	10,836	125,667

13. Debtors

	31 March 2025	29 February 2024
	£	£
Due within one year
Trade debtors	1,418,347	1,383,402
Other debtors	237,675	231,846

	1,656,022	1,615,248

14. Creditors: Amounts Falling Due Within One Year

	31 March 2025	29 February 2024
	£	£
Net obligations under finance lease and hire purchase contracts	29,944	26,572
Trade creditors	45,772	43,936
Bank loans and overdrafts	50,000	50,000
Other creditors	757,726	510,039
Corporation tax	34,107	20,222
Taxation and social security	245,702	396,520
Accruals and deferred income	170,133	331,349

	1,333,384	1,378,638

15. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	29 February 2024
	£	£
Net obligations under finance lease and hire purchase contracts	91,620	91,134
Bank loans	12,500	66,667

	104,120	157,801

Page 17

Page 18

Accept Recruitment Ltd

Notes to the Financial Statements (continued)

For the Period 1 March 2024 to 31 March 2025

16. Loans

An analysis of the maturity of loans is given below:

	31 March 2025	29 February 2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	50,000	50,000

	31 March 2025	29 February 2024
	£	£
Amounts falling due between one and five years:
Bank loans	12,500	66,667

17. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	29 February 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	29,944	26,572
Later than one year and not later than five years	91,620	91,134

	121,564	117,706

	121,564	117,706

18. Deferred Taxation

The provision for deferred tax is made up as follows:

	31 March 2025	29 February 2024
	£	£
Other timing differences	31,416	31,416

19. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 March 2024	31,416	31,416

Balance at 31 March 2025	31,416	31,416

20. Share Capital

	31 March 2025	29 February 2024
Allotted, called up and fully paid	£	£
50 Ordinary Shares of £ 1.00 each	50	50

Page 18

Page 19

Accept Recruitment Ltd

Notes to the Financial Statements (continued)

For the Period 1 March 2024 to 31 March 2025

21. Pension Commitments

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

During the period the charge to the profit and loss account in respect of defined contribution schemes was £200,104 (2024: £17,021).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

22. Dividends

	31 March 2025	29 February 2024
	£	£
On equity shares:
Interim dividend paid	150,000	43,400

Page 19

Director	Mr M Pearce

Company Number	09426027

Registered Office	Units 3 & 4 Forest Business Park
	Oswin Road
	Leicester
	LE3 1HR

Auditors	HSJ Audit Limited
	Severn House
	Hazell Drive
	Newport
	NP10 8FY