Company registration number 04526740 (England and Wales)
JAC RECRUITMENT (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
JAC RECRUITMENT (UK) LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 9
JAC RECRUITMENT (UK) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
206,702
12,995
Investments
5
27,174
27,174
233,876
40,169
Current assets
Trade and other receivables
601,298
247,721
Cash and cash equivalents
329,497
274,368
930,795
522,089
Current liabilities
(578,116)
(218,908)
Net current assets
352,679
303,181
Total assets less current liabilities
586,555
343,350
Non-current liabilities
(82,345)
-
Net assets
504,210
343,350
Equity
Called up share capital
10,899
10,899
Share premium account
3,596
3,596
Retained earnings
489,715
328,855
Total equity
504,210
343,350

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 February 2026 and are signed on its behalf by:
Stephen Blundell
Director
Company registration number 04526740 (England and Wales)
JAC RECRUITMENT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

JAC Recruitment (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Beyond (6th Floor), 2 Leman Street, Aldgate Tower, London, England, E1 8FA.

The principal activity of the company continued to be the provision of employment services.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company has early adopted the amendments to FRS 102, which are effective for accounting periods beginning on or after 1 January 2026.

The early adoption has resulted in the recognition of right of use assets and lease liabilities. However, the impact of early adoption is not considered material to these financial statements.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on a going concern basis. The directors have deemed it appropriate to prepare these accounts on a going concern basis due to the financial position of the company, the trading forecasts in place and the ongoing support of its immediate and ultimate holding company. JAC Recruitment International Limited has confirmed that it will provide the financial support required for a period of at least 12 months from the approval of these financial statements. The directors are satisfied that the pledged support will be forthcoming and have therefore deemed it appropriate to prepare these financial statements on a going concern basis.true

1.3
Revenue

Revenue comprises the fair value of consideration received or receivable for recruitment and related professional services provided in the ordinary course of business, net of value added tax and other sales taxes, and after deducting discounts, rebates and expected returns.

Revenue is recognised when (or as) the c ompany satisfies its performance obligations by transferring control of services to customers. Revenue is recognised only to the extent that it is probable that the economic benefits will flow to the c ompany and the amount of revenue can be measured reliably.

Where contracts include variable consideration, revenue is recognised only to the extent that it is highly probable that a significant reversal of revenue will not occur.

Where the timing of payments agreed with customers represents a significant financing component, the promised consideration is adjusted to reflect the time value of money, with the unwinding of the discount recognised as interest income.

JAC RECRUITMENT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Rendering of recruitment and professional services

Revenue from contracts for the provision of recruitment and professional services is recognised over time, as the services are performed, in accordance with the stage of completion of the contract, as the customer simultaneously receives and consumes the benefits of the services provided.

Revenue is recognised over time provided that all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the c ompany will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

The stage of completion is measured using an input method, based on costs incurred to date as a proportion of total estimated contract costs. Costs incurred primarily relate to contractual staff costs and other directly attributable costs.

Where the outcome of a service contract cannot be estimated reliably, revenue is recognised only to the extent of costs incurred that are expected to be recoverable.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Right of use asset
Over a useful life of 26 months using the straight-line method
Fixtures and fittings
10-33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Non-current investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

JAC RECRUITMENT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Cash and 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.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

JAC RECRUITMENT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
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.

1.11
Taxation

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

Current tax

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

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
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 non-current 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.

JAC RECRUITMENT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.13
Retirement benefits

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

1.14
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.
Right-of-use asset

At the commencement date of a lease, the company recognises a right-of-use asset and a corresponding lease liability.

The right-of-use asset is initially measured at cost, comprising the initial measurement of the lease liability, any lease payments made at or before commencement less lease incentives received and any initial direct costs.

Subsequently, the right-of-use asset is measured at cost less accumulated depreciation and impairment losses. It is depreciated on a straight-line basis from the commencement date to the earlier of the end of its useful life or the end of the lease term. Where ownership transfers to the company at the end of the lease term or a purchase option is expected to be exercised, the asset is depreciated over its useful life.

JAC RECRUITMENT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.15
Foreign exchange

Functional and presentation currency

The c ompany’s functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses are presented in the Statement of Comprehensive Income.

1.16

Interest income

Interest income is recognised in profit and loss using the effective interest rate.

1.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

1.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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 of the revision and future periods where the revision affects both current and future periods.

JAC RECRUITMENT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
23
19
4
Property, plant and equipment
Right of use asset
Fixtures and fittings
Total
£
£
£
Cost
At 1 January 2025
-
0
84,628
84,628
Additions
240,715
6,792
247,507
Disposals
-
0
(2,534)
(2,534)
At 31 December 2025
240,715
88,886
329,601
Depreciation and impairment
At 1 January 2025
-
0
71,633
71,633
Depreciation charged in the year
46,291
6,558
52,849
Eliminated in respect of disposals
-
0
(1,583)
(1,583)
At 31 December 2025
46,291
76,608
122,899
Carrying amount
At 31 December 2025
194,424
12,278
206,702
At 31 December 2024
-
0
12,995
12,995
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
27,174
27,174

The company holds a 5% equity interest in PT JAC Consulting, a company incorporated in Indonesia.

The shareholding does not give the company control or significant influence over the entity and therefore the investment is recognised as a fixed asset investment amounted to £27,174 (2024: £27,174).

6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

JAC RECRUITMENT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Audit report information
(Continued)
- 9 -
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 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.

Senior Statutory Auditor:
Mr Waqqas Shabir Memon, BSc, FCCA
Statutory Auditor:
MMBA London Ltd
Date of audit report:
25 February 2026
7
Operating lease commitments
As lessee

At 31 December 2025 the c ompany had no future minimum lease payments due under non-cancellable operating leases (2024: £77,942).

2025-12-31 2025-01-01 false false false 25 February 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity Stephen Blundell Kengo Atsumi Stephen Blundell 04526740 2025-01-01 2025-12-31 04526740 2025-12-31 04526740 2024-12-31 04526740 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-12-31 04526740 core:FurnitureFittings 2025-12-31 04526740 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-31 04526740 core:FurnitureFittings 2024-12-31 04526740 core:ShareCapital 2025-12-31 04526740 core:ShareCapital 2024-12-31 04526740 core:SharePremium 2025-12-31 04526740 core:SharePremium 2024-12-31 04526740 core:RetainedEarningsAccumulatedLosses 2025-12-31 04526740 core:RetainedEarningsAccumulatedLosses 2024-12-31 04526740 bus:CompanySecretaryDirector1 2025-01-01 2025-12-31 04526740 core:Goodwill 2025-01-01 2025-12-31 04526740 core:LandBuildings core:LongLeaseholdAssets 2025-01-01 2025-12-31 04526740 core:FurnitureFittings 2025-01-01 2025-12-31 04526740 2024-01-01 2024-12-31 04526740 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-31 04526740 core:FurnitureFittings 2024-12-31 04526740 2024-12-31 04526740 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 04526740 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04526740 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04526740 bus:FRS102 2025-01-01 2025-12-31 04526740 bus:Audited 2025-01-01 2025-12-31 04526740 bus:Director1 2025-01-01 2025-12-31 04526740 bus:Director2 2025-01-01 2025-12-31 04526740 bus:CompanySecretary1 2025-01-01 2025-12-31 04526740 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP