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COMPANY REGISTRATION NUMBER: 03087118
Aztec Resources Limited
Filleted Financial Statements
For the Year Ended
31 March 2025
Aztec Resources Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Current assets
Debtors
6
–
1,189,877
Cash at bank and in hand
–
38,828
----
------------
–
1,228,705
Creditors: amounts falling due within one year
7
–
( 247,049)
----
------------
Net current assets
–
981,656
----
---------
Total assets less current liabilities
–
981,656
----
---------
Net assets
–
981,656
----
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 100)
981,556
----
---------
Shareholders funds
–
981,656
----
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
T Barton
Director
Company registration number: 03087118
Aztec Resources 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 England and Wales. The address of the registered office is Kingdom House, Woodlands Park, Ashton Road, Newton-Le-Willows, WA12 0HF, England.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Transfer of Trade
In July 2024 the trade of Aztec Resources Limited was transferred to Kingdom People Limited, a fellow group company, as part of a group reorganisation. The transfer took place in July 2024 and has been accounted for at book value in accordance with FRS 102. Kingdom People Limited has traded for the full year, while Aztec Resources Limited ceased trading on that date.
4. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the company.
Disclosure Exemptions
The company satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Kingdom Services Group Limited which can be obtained from the company's registered office address. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue Recognition
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, being the provision of permanent and temporary staff, and is shown net of VAT and other sales related taxes.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity 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.
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 as a finance cost in profit or loss in the period in which it arises.
5. Employee Numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 6 ).
6. Debtors
2025
2024
£
£
Trade debtors
–
228,568
Amounts owed by group undertakings
–
956,741
Other debtors
–
4,568
----
------------
–
1,189,877
----
------------
In July 2024 the trade transferred from Aztec Resources Limited to Kingdom People Limited, which is another company within the group of Kingdom Services Group Limited
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
–
23,217
Social security and other taxes
–
46,458
Other creditors
–
177,374
----
---------
–
247,049
----
---------
Other creditors includes £Nil (2024: £164,895) in respect of an invoice discounting facility, which is secured on the respective trade debtor balances.
8. Contingencies
The company guarantees the debenture of a company under common control. The amount owed by this company at 31 March 2025 was £14,502,853 (2024: £22,239,544).
9. Events after the End of the Reporting Period
On 25 September 2025, the company entered into a separate security agreement, in relation to the lending facilities, creating fixed and floating charges over its assets: - a debenture agreement with HSBC UK Bank PLC, acting as security agent, registered with Companies House on 26 September 2025. This floating charge covers all property or undertaking of the company and includes a negative pledge restricting further security creation over the company's assets. Following this, on 8 October 2025 Close Brothers released the security previously held over the company’s assets and charge was satisfied with Companies House. These transactions occurred after the reporting date and before the financial statements were authorised for issue, and have not resulted in any adjustments to the financial statements for the current year.
10. Summary Audit Opinion
The auditor's report dated 29 April 2025 was unqualified .
The senior statutory auditor was Iain Round BSc FCA , for and on behalf of Menzies LLP .
11. Related Party Transactions
The company is a wholly owned subsidiary of Kingdom Services Group Limited and has taken advantage of the available exemption conferred by section 33.1A of FRS 102 not to disclose transactions with group members due to consolidated accounts being publicly available.
12. Controlling Party
The immediate parent company is HC Recruitment Limited, a company incorporated in England and Wales and whose registered office is Kingdom House, Ashton Road, Newton Le-Willows, WA12 0HF. The ultimate parent company is Kingdom Services Group Limited, a company incorporated in England and Wales and whose registered office is Kingdom House, Ashton Road, Newton Le-Willows, WA12 0HF. The largest and smallest group in which the results of the company are consolidated is that headed by Kingdom Services Group Limited. The consolidated financial statements are available to the public and may be obtained from Companies House. The directors consider the ultimate controlling party to be T Barton .