PEOPLEFORCE LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12537808

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		26,909		13,627
Investments	5		3,100		3,100

			30,009		16,727
CURRENT ASSETS
Debtors	6	38,942		75,760
Investments	7	840		-
Cash at bank and in hand		358,592		1,546,008

		398,374		1,621,768
Creditors: Amounts Falling Due Within One Year	8	(792,987 )		(336,727 )

NET CURRENT ASSETS (LIABILITIES)			(394,613 )		1,285,041

TOTAL ASSETS LESS CURRENT LIABILITIES			(364,604 )		1,301,768

NET (LIABILITIES)/ASSETS			(364,604 )		1,301,768

CAPITAL AND RESERVES
Called up share capital	9		2		2
Share premium account			3,188,503		3,188,503
Profit and Loss Account			(3,553,109 )		(1,886,737 )

SHAREHOLDERS' FUNDS			(364,604)		1,301,768

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PEOPLEFORCE LTD

Balance Sheet (continued)

As At 31 March 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Anastasiia Yefimenko

Director

30/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

PEOPLEFORCE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12537808 . The registered office is 10 John Street, London, WC1N 2EB.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

The company's revenue relates to the provision of a Human-Resources software on a subscription basis. Revenue is recognised over time only when the company has satisfied its performance obligations. Where invoices are raised in advance, deferred revenue is accounted for.

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:

Fixtures & Fittings	3 years straight line
Computer Equipment	3 years straight line

2.5. Financial Instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. 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.

2.8. Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2.9. Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2.10. Share-based payments

Equity settled transactions are awards of shares, or options over shares, that are provided to subcontractors in exchange for the rendering of services.

The cost of equity settled transactions is recognised as an expense with a corresponding increase in equity over the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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PEOPLEFORCE LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	-	18,619	18,619
Additions	4,117	20,126	24,243

As at 31 March 2025	4,117	38,745	42,862

Depreciation
As at 1 April 2024	-	4,992	4,992
Provided during the period	763	10,198	10,961

As at 31 March 2025	763	15,190	15,953

Net Book Value
As at 31 March 2025	3,354	23,555	26,909

As at 1 April 2024	-	13,627	13,627

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	3,100

As at 31 March 2025	3,100

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	3,100

As at 1 April 2024	3,100

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	34,528	11,596
Amounts owed by group undertakings	60	60
Other debtors	4,354	64,104

	38,942	75,760

7. Current Asset Investments

	2025	2024
	£	£
Other investments, held for sale	840	-

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PEOPLEFORCE LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,723	6,580
Amounts owed to group undertakings	53	53
Other creditors	773,307	327,871
Taxation and social security	8,904	2,223

	792,987	336,727

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11,919,047 Ordinary Shares at £0.0000001 - aggregate nominal value of £1.19 (2024: £1.19)
2.856.399 Ordinary А Shares £0.0000001 - aggregate nominal value of £0.29 (2024: £0.29)
3,069,581 Ordinary В Shares £0.0000001 - aggregate nominal value of £0.31 (2024: £0.31)

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