REGISTERED NUMBER: 09469208 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

F1 RECRUITMENT LIMITED

Page

Report of the Directors

1

Balance Sheet

2

Notes to the Financial Statements

3

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of employment placement agency.

DIRECTORS

A J Woffenden has held office during the whole of the period from 1 April 2024 to the date of this report.

Other changes in directors holding office are as follows:

A Raubitschek - appointed 23 May 2024

I Williams - appointed 23 May 2024

I Williams ceased to be a director after 31 March 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	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.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A J Woffenden - Director

31 December 2025

FIXED ASSETS

Intangible assets

4

3,751

5,911

Tangible assets

5

9

1,342

3,760

7,253

CURRENT ASSETS

Debtors

6

80,670

67,166

Cash at bank

54,508

52,965

135,178

120,131

CREDITORS

Amounts falling due within one year

7

72,809

56,567

NET CURRENT ASSETS

62,369

63,564

TOTAL ASSETS LESS CURRENT LIABILITIES

66,129

70,817

CREDITORS

Amounts falling due after more than one year

8

(2,885

)

(12,237

)

PROVISIONS FOR LIABILITIES

-

(336

)

NET ASSETS

63,244

58,244

CAPITAL AND RESERVES

Called up share capital

133

133

Retained earnings

63,111

58,111

SHAREHOLDERS' FUNDS

63,244

58,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

A J Woffenden - Director

1.	STATUTORY INFORMATION

F1 Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09469208

Registered office:

3 Greengate

Cardale Park

Harrogate

HG3 1GY

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

life.

Computer equipment

- 33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

10,825

AMORTISATION

At 1 April 2024

4,914

Charge for year

2,160

At 31 March 2025

7,074

NET BOOK VALUE

At 31 March 2025

3,751

At 31 March 2024

5,911

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

5,733

DEPRECIATION

At 1 April 2024

4,391

Charge for year

1,333

At 31 March 2025

5,724

NET BOOK VALUE

At 31 March 2025

9

At 31 March 2024

1,342

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

40,982

59,536

Amounts owed by group undertakings

35,200

-

Other debtors

4,488

7,630

80,670

67,166

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,434

10,202

Trade creditors

4,990

10,069

Taxation and social security

17,666

15,518

Other creditors

39,719

20,778

72,809

56,567

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,885

12,237

9.	RELATED PARTY DISCLOSURES

Included within debtors is an amount of £35,200 (March 2024: NIL) owed from the entity's parent company. This amount is unsecured, interest-free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The parent company of F1 Recruitment Limited is Partnerwise Collective One Limited, a company incorporated in England and Wale and its registered office is 3 Greengate Cardale Park, Harrogate, North Yorkshire, HG3 1GY.

Partnerwise Collective One Limited has no one ultimate controlling party.