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Registration number: 13558051

LMS Recruitment Services Ltd
Unaudited Financial Statements
for the Year Ended 31 August 2025

LMS Recruitment Services Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

LMS Recruitment Services Ltd

(Registration number: 13558051)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 94,200 | 109,900
Tangible assets | 5 | 239,389 | 241,392
|  | 333,589 | 351,292
Current assets |  |  |
Debtors | 6 | 230,902 | 193,682
Cash at bank and in hand |  | 16,056 | 19,047
|  | 246,958 | 212,729
Creditors: Amounts falling due within one year | 7 | (291,304) | (290,748)
Net current liabilities |  | (44,346) | (78,019)
Total assets less current liabilities |  | 289,243 | 273,273
Creditors: Amounts falling due after more than one year | 7 | (77,644) | (100,966)
Provisions for liabilities |  | (16,265) | (16,260)
Net assets |  | 195,334 | 156,047
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Revaluation reserve |  | 42,933 | 42,933
Retained earnings |  | 152,400 | 113,113
Shareholders' funds |  | 195,334 | 156,047

LMS Recruitment Services Ltd

(Registration number: 13558051)
Balance Sheet as at 31 August 2025

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 March 2026

......................................... Mr Michael Lee Statham Director

LMS Recruitment Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
226 Nantwich Road
Crewe
Cheshire
CW2 6BP

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

LMS Recruitment Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and tat are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets excluding land and buildings are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Land and buildings are stated in the balance sheet at their revalued amount, less any subsequent accumulated depreciation and subsequent impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 1% straight line
Fixtures and fittings | 25% reducing balance
Office equipment | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line

LMS Recruitment Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 43 (2024 - 41).

LMS Recruitment Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 September 2024 | 157,000 | 157,000
At 31 August 2025 | 157,000 | 157,000
Amortisation
At 1 September 2024 | 47,100 | 47,100
Amortisation charge | 15,700 | 15,700
At 31 August 2025 | 62,800 | 62,800
Carrying amount
At 31 August 2025 | 94,200 | 94,200
At 31 August 2024 | 109,900 | 109,900

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 1 September 2024 | 241,830 | 6,086 | 8,267 | 256,183
Additions | - | 2,100 | 525 | 2,625
At 31 August 2025 | 241,830 | 8,186 | 8,792 | 258,808
Depreciation
At 1 September 2024 | 6,667 | 3,518 | 4,606 | 14,791
Charge for the year | 2,417 | 1,166 | 1,045 | 4,628
At 31 August 2025 | 9,084 | 4,684 | 5,651 | 19,419
Carrying amount
At 31 August 2025 | 232,746 | 3,502 | 3,141 | 239,389
At 31 August 2024 | 235,163 | 2,568 | 3,661 | 241,392

Included within the net book value of land and buildings above is £232,746 (2024 - £235,163) in respect of freehold land and buildings.

LMS Recruitment Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Revaluation

The fair value of the company's Land and buildings was revalued on 31 August 2023. An independent valuer was not involved.
The director reviewed the value of the freehold property and has made judgements as to the value of the freehold property carried within the business based on market conditions at that time.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £175,698 (2024 - £177,528).

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 230,436 | 191,689
Other debtors | 466 | 1,993
| 230,902 | 193,682

7 | Creditors

Creditors: amounts falling due within one year

|  | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 6,098 | 19,197
Trade creditors |  | 21,124 | 15,796
Other creditors |  | 264,082 | 255,755
|  | 291,304 | 290,748

Creditors: amounts falling due after more than one year

|  | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 77,644 | 100,966

Bank loans are secured by way of a fixed and floating charge over the assets of the company and are shown within loans and borrowings.
Factoring facilities are secured by way of a fixed and floating charge over the assets of the company and are shown in other creditors and other debtors.