REGISTERED NUMBER: SC433637 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Activus Recruitment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R A Falconer

REGISTERED OFFICE:

Suite B, 6 Mounie Drive

Barra Business Park

Oldmeldrum

Aberdeenshire

AB51 0GX

REGISTERED NUMBER:

SC433637 (Scotland)

AUDITORS:

The Grant Considine Partnership

Statutory Auditors & Chartered Accountants

46 High Street

Banchory

Aberdeenshire

AB31 5SR

FIXED ASSETS

Tangible assets

5

4,829

349

CURRENT ASSETS

Debtors

6

116,009

72,458

Cash at bank

241,113

189,932

357,122

262,390

CREDITORS

Amounts falling due within one year

7

327,921

62,483

NET CURRENT ASSETS

29,201

199,907

TOTAL ASSETS LESS CURRENT LIABILITIES

34,030

200,256

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

33,030

199,256

SHAREHOLDERS' FUNDS

34,030

200,256

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

R A Falconer - Director

1.	STATUTORY INFORMATION

Activus Recruitment Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements have been prepared under the historical cost convention.

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. The company has therefore taken advantage of exemptions from the following disclosure requirements:

- Section 4 'Statement of Financial Position': Reconciliation of the opening and closing number of shares;

- 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': Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; 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 33 'Related Party Disclosures': Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of APC Group Limited as at 31 March 2025. These consolidated financial statements are available from its registered office, 6 Mounie Drive, Barra Business Park, Oldmeldrum, Aberdeenshire, Scotland, AB51 0GX.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised to the extent that the prescribed recognition criteria has been met by the company and the turnover can be reliably measured. Turnover represents the provision of temporary and permanent workers to customers. Turnover is recognised on the satisfaction of performance obligation which is on delivery of the services of workers.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash & 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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,703

Additions

5,809

Disposals

(1,703

)

At 31 March 2025

5,809

DEPRECIATION

At 1 April 2024

1,354

Charge for year

1,067

Eliminated on disposal

(1,441

)

At 31 March 2025

980

NET BOOK VALUE

At 31 March 2025

4,829

At 31 March 2024

349

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,314

36,145

Amounts owed by group undertakings

59,425

13,653

Other debtors

26,270

22,660

116,009

72,458

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,043

20

Amounts owed to group undertakings

244,000

-

Taxation and social security

41,503

37,807

Other creditors

41,375

24,656

327,921

62,483

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

6,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Louise A Considine (Senior Statutory Auditor)

for and on behalf of The Grant Considine Partnership

10.	RELATED PARTY DISCLOSURES

Transactions with related parties

During the year the company entered into the following transactions with related parties:

2025

2024

£

£

Parent company - Sales

10,115

0

Fellow subsidiaries - Sales

329,162

403,010

Parent company - Purchases

10,230

13,418

Fellow subsidiaries - Purchases

729

1,850

Amounts due from related parties

£

£

Fellow subsidiaries

50,522

10.544

Parent company

0

1,000

Amounts due to related parties

£

£

Parent company

244,000

0

11.	ULTIMATE CONTROLLING PARTY

The controlling party is APC Group Limited.

The ultimate controlling party is Mr A Cowie.

APC Group Limited is the parent company, incorporated in Scotland whose trading and registered office is 6 Mounie Drive, Barra Business park, Oldmeldrum, Aberdeenshire, AB51 0GX.

APC Group Limited is controlled by Mr A Cowie.