NUMBERMILL LIMITED 31/03/2025 iXBRL

Company registration number: 08884038

NUMBERMILL LIMITED

Financial statements

31 March 2025

NUMBERMILL LIMITED

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the members

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Statement of cash flows

Notes to the financial statements

NUMBERMILL LIMITED

Directors and other information


Directors	Mr I Qadeer
	Mr A J Holdaway	(Appointed 22 January 2025)


Company number	08884038


Registered office	Focus 31 - East Wing Mark Road
	Hemel Hempstead Industrial Estate
	Hemel Hempstead
	England
	HP2 7BW


Business address	Focus 31 - East Wing Mark Road
	Hemel Hempstead Industrial Estate
	Hemel Hempstead
	England
	HP2 7BW


Auditor	Shenward LLP
	Summit House Woodland Park
	Bradford Road
	Cleckheaton
	West Yorkshire
	BD19 6BW

NUMBERMILL LIMITED

Strategic report

Year ended 31 March 2025

Principal activity

The principal activity of the company continued to be that of business consultancy, umbrella company services and back-office outsourcing services to the recruitment industry.

Fair review of the business

Although turnover and profit were lower than the previous year, the business continued to demonstrate resilience and stability in a period marked by significant economic pressures. The company remained focused on its long term strategy and maintained strong relationships with customers.

Turnover has decreased 9% from last year to £55,376,763 (2024: £61,066,582) and a reduction in gross profit to £2,026,721 (2024: £2,432,833), but the company maintains a stable Gross Profit percentage.

The wider trading environment continues to be influenced by cost of living increases directly impacting the recruitment sector and wider economy resulting in increased operating costs and reduction in demand while businesses are exercising greater financial discipline during economic uncertainty. Despite these challenges, the business retained a solid market presence and continued to serve its customer base effectively. The company continues to work across multiple sectors, providing a diverse service offering to customers.

The business has invested in areas that support future growth leading to an increase in overhead costs during the year, as a consequence the financial outlook for the next financial year continues to be promising.

Principal risks and uncertainties

The company has identified the following risks that could impact the business and regularly reviews and monitors these risks.

Operating risk

As with all businesses, operating risks include fraud, employee error, staff shortages, internal control failures, equipment failures and external party failures. Due to the nature of the company's business, they also include compliance risks. The company has implemented and continually improves controls and procedures to mitigate operating risk. This includes engaging specialists to undertake industry audits to confirm compliance. However, there is no guarantee that these procedures and controls will be effective in mitigating all operating risk. The company acknowledges that competition exists in the market place but does not consider that it poses a major risk to the business.

Liquidity risk

The company has sufficient liquidity to manage any short-term issues. The company reviews its ongoing cash commitments to ensure it is not exposed to liquidity risk.

Financial and Credit risk

The company's main assets are bank and trade debtors and its credit risk mainly relates to trade debtors. Trade debtors are included in the balance sheet net of any provision for doubtful debts that have been identified. As income from customers is not generally paid over to contractors and HMRC until received from the customer these risks are low.

Fraud risk

The company reviews fraud risk and maintains internal controls to mitigate fraud. However, there is no certainty that the controls will be effective in preventing all fraud.

Legislation risk

The company's business activity is to provide employment solutions to its customers. Any major changes in employment or tax legislation are a potential risk to the business as the company has to tailor its operations to meet UK tax requirements.

SECTION 172(1) STATEMENT

The director acknowledges their duties under Section 172 of the Companies Act 2006 in their deliberations and decisions on all matters affecting the company.

Long term approach

The director is focused on the success of the company over the long term. The director believes that the long-term success of the company is linked directly to its key stakeholders.

Employees (including disabled employees)

The director is committed to ensuring there is a climate in which all employees can develop and deliver their best. As the majority of employees are contractors who have variable working conditions depending on the assignment they are working on, any issues or complaints are dealt with on an ad-hoc basis. The company will whenever possible, continue to employee staff who may become disabled and will offer and provide additional training as necessary.

Engagement with suppliers, customers and other stakeholders

The director has regular contact and engagement with the directors and senior management of customers and key suppliers to foster and nurture ongoing business relationships.

High standards of business conduct

The company aims to be a responsible and committed employer and business partner. The company is committed in its day-to-day operations to uphold high standards of business conduct and integrity. The directors ensure that compliance procedures are followed including UK legislation under the Bribery Act and Modern Slavery Act.

Acting fairly between members of the Company

The director acknowledges their duty to ensure that all members of the company are treated fairly.

This report was approved by the board of directors on 24 December 2025 and signed on behalf of the board by:

Mr A J Holdaway

Director

NUMBERMILL LIMITED

Directors report

Year ended 31 March 2025

The directors present their report and the financial statements of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:


Mr I Qadeer
Mr A J Holdaway				(Appointed 22 January 2025)

Dividends

Dividend paid during the year amounted to £668,147 (2024: Nil).

Future developments

The director is focused on the success of the company over the long term. The director believes that the long-term success of the company is linked directly to its key stakeholders.

Employment of disabled persons

The director is committed to ensuring there is a climate in which all employees can develop and deliver their best. As the majority of employees are contractors who have variable working conditions depending on the assignment they are working on, any issues or complaints are dealt with on an ad- hoc basis. The company will whenever possible, continue to employee staff who may become disabled and will offer and provide additional training as necessary.

Financial instruments

The company does not use any financial instruments to hedge its risks associated with price, credit, liquidity or cash flow. The financial risk management objectives and policies of the company and the exposure of the company to price risk, credit risk, liquidity risk and cash flow risk are not considered material for the assessment of the assets, liabilities, financial position and profit of the company.

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors 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 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 judgments 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.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

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

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 24 December 2025 and signed on behalf of the board by:

Mr A J Holdaway

Director

NUMBERMILL LIMITED

Independent auditor's report to the members of

NUMBERMILL LIMITED

Year ended 31 March 2025

Opinion

We have audited the financial statements of NUMBERMILL LIMITED (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and notes to the financial statements, 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, including FRS 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 31 March 2025 and of its profit for the year 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. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has 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 directors' report. We have nothing to report in respect of the following matters where 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 the 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' responsibilities statement, 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also: - 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. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 we are required to state to them in an auditors 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.

Sherad Dewedi (Senior Statutory Auditor)

For and on behalf of

Shenward LLP

Chartered Accountants & Statutory Auditors

Summit House Woodland Park

Bradford Road

Cleckheaton

West Yorkshire

BD19 6BW

24 December 2025

NUMBERMILL LIMITED

Statement of comprehensive income

Year ended 31 March 2025

		2025	2024
	Note	£	£


Turnover	4	55,376,763	61,066,582
Cost of sales		( 53,350,042)	( 58,633,749)
		_______	_______
Gross profit		2,026,721	2,432,833

Administrative expenses		( 2,006,540)	( 1,707,734)
Other operating income	5	1,000	4,500
		_______	_______
Operating profit	6	21,181	729,599

Other interest receivable and similar income	10	1,303	133
Interest payable and similar expenses	11	-	( 1,700)
Profit before taxation		22,484	728,032

Tax on profit	12	( 12,328)	( 197,726)
		_______	_______
Profit for the financial year and total comprehensive income		10,156	530,306
		_______	_______

All the activities of the company are from continuing operations.

NUMBERMILL LIMITED

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	14	187,366		-
Tangible assets	15	34,345		32,436
		_______		_______
			221,711		32,436

Current assets
Debtors	16	4,871,563		2,905,545
Cash at bank and in hand		1,471,438		3,174,755
		_______		_______
		6,343,001		6,080,300
Creditors: amounts falling due
within one year	17	( 5,619,946)		( 4,510,517)
		_______		_______
Net current assets			723,055		1,569,783
			_______		_______
Total assets less current liabilities			944,766		1,602,219


Provisions for liabilities	18		( 8,308)		( 7,770)

			_______		_______
Net assets			936,458		1,594,449
			_______		_______

Capital and reserves
Called up share capital	21		1,853		1,853
Profit and loss account			934,605		1,592,596
			_______		_______
Shareholders funds			936,458		1,594,449
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr A J Holdaway

Director

Company registration number: 08884038

NUMBERMILL LIMITED

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	1,853	1,062,290	1,064,143

Profit for the year		530,306	530,306
	_______	_______	_______
Total comprehensive income for the year	-	530,306	530,306

	_______	_______	_______
At 31 March 2024 and 1 April 2024	1,853	1,592,596	1,594,449

Profit for the year		10,156	10,156
	_______	_______	_______
Total comprehensive income for the year	-	10,156	10,156

Dividends paid and payable		( 668,147)	( 668,147)
	_______	_______	_______
Total investments by and distributions to owners	-	( 668,147)	( 668,147)

	_______	_______	_______
At 31 March 2025	1,853	934,605	936,458
	_______	_______	_______

NUMBERMILL LIMITED

Statement of cash flows

Year ended 31 March 2025

	2025	2024
	£	£

Cash flows from operating activities
Profit for the financial year	10,156	530,306

Adjustments for:
Depreciation of tangible assets	17,495	16,613
Amortisation of intangible assets	17,033	1,667
Other interest receivable and similar income	( 1,303)	( 133)
Interest payable and similar expenses	-	1,700
Tax on profit	12,328	197,726
Accrued expenses/(income)	( 131,179)	( 361,375)

Changes in:
Trade and other debtors	( 1,830,843)	1,329,949
Trade and other creditors	1,290,396	(3,435,173)
	_______	_______
Cash generated from operations	( 615,917)	( 1,718,720)

Interest paid	-	( 1,700)
Interest received	1,303	133
Tax paid	( 196,753)	( 176,931)
	_______	_______
Net cash used in operating activities	( 811,367)	( 1,897,218)
	_______	_______

Cash flows from investing activities
Purchase of tangible assets	( 19,404)	( 11,609)
Purchase of intangible assets	( 204,399)	-
	_______	_______
Net cash used in investing activities	( 223,803)	( 11,609)
	_______	_______

Cash flows from financing activities
Equity dividends paid	( 668,147)	-
	_______	_______
Net cash used in financing activities	( 668,147)	-
	_______	_______

Net increase/(decrease) in cash and cash equivalents	( 1,703,317)	( 1,908,827)
Cash and cash equivalents at beginning of year	3,174,755	5,083,582
	_______	_______
Cash and cash equivalents at end of year	1,471,438	3,174,755
	_______	_______

NUMBERMILL LIMITED

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Focus 31 - East Wing Mark Road, Hemel Hempstead Industrial Estate, Hemel Hempstead, England, HP2 7BW.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	Straight line over 10 years
Development costs	-	Straight line over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	Straight line over 3 years
Computer equipment	-	Straight line over 2-5 years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Leases

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.

Judgements and key sources of estimation uncertainty

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 accountingestimates 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.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Rendering of services	55,376,763	61,066,582
	_______	_______

5. Other operating income

	2025	2024
	£	£
Other operating income	1,000	4,500
	_______	_______

6. Operating profit

Operating profit is stated after charging/(crediting):

	2025	2024
	£	£
Amortisation of intangible assets	17,033	1,667
Depreciation of tangible assets	17,495	16,613
Foreign exchange differences	-	759
Fees payable for the audit of the financial statements	15,000	14,635
	_______	_______

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable to the company's auditor:
Fees payable for the audit of the financial statements	15,000	14,635
	_______	_______

8. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
Total	27	27
	_______	_______

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	48,628,996	53,069,599
Social security costs	4,215,168	4,349,744
Other pension costs	970,019	816,093
	_______	_______
	53,814,183	58,235,436
	_______	_______

9. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	-	74,701
Company contributions to pension schemes in respect of qualifying services	-	45,325
	_______	_______
	-	120,026
	_______	_______

10. Other interest receivable and similar income

	2025	2024
	£	£
Bank deposits	218	133
Other interest receivable and similar income	1,085	-
	_______	_______
	1,303	133
	_______	_______

11. Interest payable and similar expenses

	2025	2024
	£	£
Other interest payable and similar expenses	-	1,700
	_______	_______

12. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	11,790	196,755
	_______	_______

Deferred tax:
Origination and reversal of timing differences	538	971
	_______	_______
Tax on profit	12,328	197,726
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is the same as (2024: higher than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

	2025	2024
	£	£
Profit before taxation	22,484	728,032
	_______	_______

Profit multiplied by rate of tax	5,621	182,008
Effect of expenses not deductible for tax purposes	11,593	13,568
Effect of capital allowances and depreciation	( 4,912)	1,177
Effect of different UK tax rates on some earnings	538	971
Rounding on tax charge	-	2
Marginal relief	( 512)	-
	_______	_______
Tax on profit	12,328	197,726
	_______	_______

13. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year	668,147	-
	_______	_______

14. Intangible assets

	Goodwill	Development costs	Total
	£	£	£
Cost
At 1 April 2024	-	21,530	21,530
Additions	204,399	-	204,399
	_______	_______	_______
At 31 March 2025	204,399	21,530	225,929
	_______	_______	_______
Amortisation
At 1 April 2024	-	21,530	21,530
Charge for the year	17,033	-	17,033
	_______	_______	_______
At 31 March 2025	17,033	21,530	38,563
	_______	_______	_______
Carrying amount
At 31 March 2025	187,366	-	187,366
	_______	_______	_______
At 31 March 2024	-	-	-
	_______	_______	_______

15. Tangible assets

	Fixtures, fittings and equipment	Computer equipment	Total
	£	£	£
Cost
At 1 April 2024	26,191	209,224	235,415
Additions	337	19,067	19,404
	_______	_______	_______
At 31 March 2025	26,528	228,291	254,819
	_______	_______	_______
Depreciation
At 1 April 2024	19,935	183,044	202,979
Charge for the year	2,590	14,905	17,495
	_______	_______	_______
At 31 March 2025	22,525	197,949	220,474
	_______	_______	_______
Carrying amount
At 31 March 2025	4,003	30,342	34,345
	_______	_______	_______
At 31 March 2024	6,256	26,180	32,436
	_______	_______	_______

16. Debtors

	2025	2024
	£	£
Trade debtors	837,828	857,182
Prepayments and accrued income	1,404,717	1,299,999
Other debtors	2,629,018	748,364
	_______	_______
	4,871,563	2,905,545
	_______	_______

Other debtors include balances owed by related parties.These balances have been referred to in note 24.

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,331,826	44,431
Accruals and deferred income	802,773	798,777
Corporation tax	11,790	196,753
Social security and other taxes	1,435,873	2,606,710
Other creditors	1,037,684	863,846
	_______	_______
	5,619,946	4,510,517
	_______	_______

18. Provisions

	Deferred tax (note 19)	Total
	£	£
At 1 April 2024	7,770	7,770
Additions	538	538
	_______	_______
At 31 March 2025	8,308	8,308
	_______	_______

19. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 18)	8,308	7,770
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Provisions	539	971
	_______	_______

20. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 970,019 (2024: £ 816,093 ).

21. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
A Ordinary Shares shares of £ 0.10 each	6,300	630	6,300	630
B Ordinary Shares shares of £ 0.10 each	6,300	630	6,300	630
C Ordinary Shares shares of £ 0.10 each	5,559	556	5,559	556
D Ordinary Shares shares of £ 0.10 each	368	37	368	37
	_______	_______	_______	_______
	18,527	1,853	18,527	1,853
	_______	_______	_______	_______

22. Analysis of changes in net debt

	At 1 April 2024	Cash flows	At 31 March 2025
	£	£	£
Cash and cash equivalents	3,174,755	(1,703,317)	1,471,438
	_______	_______	_______

23. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	22,752	22,752
Later than 1 year and not later than 5 years	29,609	52,361
	_______	_______
	52,361	75,113
	_______	_______

24. Related party transactions

NumberMill Accounting Limited

NumberMill Accounting Limited is a related party due to Mr Qadeer being a director. During the year, NumberMill Limited made payments on behalf of NumberMill Accounting Limited. The amounts recharged during the year for costs incurred and loan payments made amounted to £641, 125 (2024: £643,277). The amounts owed by NumberMill Accounting Limited at the year-end was £65,225 (2024: £85,045) and is reflected under the other debtors.

NMPCFS Limited

NMPCFS Limited is a related party due to Mr Qadeer being a director. During the, NumberMill Limited charged NMPCFS Limited management charges amounting to £21,992 (2024: £71,245). Amounts due from NMPCFS Limited at the year-end was £230,591 (2024: £217,729) and is reflected under other debtors.

25. Parent company

The immediate parent company of NumberMill Limited is Quitron Holding Ltd, a company registered in England and Wales. The ultimate parent company is Oltfum Fund RAIF V.C.I.C Ltd, a company registered in Cyprus, with its registered office address at Bybloserve Business Centre, Floor 2, Spyrou Kyprianoy 57, 6051 Larnaca, Cyprus. The results of NumberMill Limited is consolidated in its ultimate parent company, Oltfum Fund RAIF V.C.I.C Ltd which prepares consolidated financial statements. Copies of the consolidated financial statement can be obtained at the ultimate parent company's registered office.