Kingdom L A Support Limited Filleted accounts for Companies House (small and micro)

Kingdom L A Support Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	90,396	–
Tangible assets	6	49,057	133,313
		---------	---------
		139,453	133,313

Current assets

Debtors	7	4,383,332	2,882,996
Cash at bank and in hand		407,045	272,482
		------------	------------
		4,790,377	3,155,478

Creditors: amounts falling due within one year	8	( 4,448,664)	( 3,570,115)
		------------	------------
Net current assets/(liabilities)		341,713	( 414,637)
		---------	---------
Total assets less current liabilities		481,166	( 281,324)

Provisions	9	( 22,806)	( 27,566)
		---------	---------
Net assets/(liabilities)		458,360	( 308,890)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	458,359	( 308,891)
	---------	---------
Shareholders funds/(deficit)	458,360	( 308,890)
	---------	---------

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 income and retained earnings 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 27 April 2026 , and are signed on behalf of the board by:

T Barton

Director

Company registration number: 11850540

Kingdom L A Support 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. 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 entity. Going Concern The company reported a profit before tax of £1,034,951 (2024: 127,029) and has net assets £458,360 (2024: net liabilities of £308,890). The directors are required to prepare these financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business. In satisfaction of this responsibility, the directors have considered the company's ability to meet its liabilities as they fall due for a period of at least twelve months from the signing date of the financial statements. The directors did not identify any uncertainty that cast significant doubt about the liability of the company to continue as a going concern. The company is a subsidiary company and participates in the group's centralised treasury arrangements and so shares banking arrangements with its parent and fellow subsidiaries. The group has considerable financial resources and has generated positive cashflows since the year end date and has continued to trade and win new business. The group has completed a full review of its future plans and has prepared cashflow forecasts. On that basis, the directors are satisfied that the company is able to continue in operation and meet its debts as they fall due for at least twelve months from the date of signing these financial statements and therefore the financial statements have been prepared on a going concern basis. Judgements and Key Sources of Estimation Uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: - The company assesses the carrying value of amounts due from group companies annually or more frequently if warranted by a change in circumstances. Recoverability is dependent upon assumptions and judgements regarding future cash flows and profit margins. - Determination of whether there are indicators of impairment of the company's intangible and tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viabilities and expected future financial performance of the asset. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: - Determination of recoverability of trade debts. A specific provision is made against certain debts where in the opinion of the directors there is concern over the recoverability of the debts. Revenue Recognition Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, being the provision of permanent and temporary staff. Revenue from temporary placements, which represents amounts billed for services of temporary staff, is recognised when the service has been provided. Revenue from permanent placements is recognised on the candidates start date. 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. Operating Leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Intangible Assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Software development costs	-	5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. Tangible Assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line

Impairment of Fixed Assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 82 (2024: 163 ).

5. Intangible Assets

	Software development
	£
Cost
Additions	–
Transfers	158,371
	---------
At 31 March 2025	158,371
	---------
Amortisation
Charge for the year	–
Transfers	67,975
	---------
At 31 March 2025	67,975
	---------
Carrying amount
At 31 March 2025	90,396
	---------
At 31 March 2024	–
	---------

6. Tangible Assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	91,466	169,161	4,375	265,002
Additions	–	54,760	–	54,760
Transfers	–	(158,371)	–	(158,371)
	--------	---------	-------	---------
At 31 March 2025	91,466	65,550	4,375	161,391
	--------	---------	-------	---------
Depreciation
At 1 April 2024	91,466	37,215	3,008	131,689
Charge for the year	–	47,253	1,367	48,620
Transfers	–	(67,975)	–	(67,975)
	--------	---------	-------	---------
At 31 March 2025	91,466	16,493	4,375	112,334
	--------	---------	-------	---------
Carrying amount
At 31 March 2025	–	49,057	–	49,057
	--------	---------	-------	---------
At 31 March 2024	–	131,946	1,367	133,313
	--------	---------	-------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	2,530,830	2,259,090
Amounts owed by group undertakings	1,726,674	580,599
Other debtors	125,828	43,307
	------------	------------
	4,383,332	2,882,996
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,498,960	2,107,027
Amounts owed to group undertakings	500,063	109,897
Corporation tax	298,087	59,735
Social security and other taxes	390,295	359,577
Other creditors	761,259	933,879
	------------	------------
	4,448,664	3,570,115
	------------	------------

The company has given an all asset debenture to Close Brothers Limited containing fixed and floating charges, dated 22 February 2023. The floating charge covers all the property or undertaking of the company. This charge was satisfied on 8 October 2025.

9. Provisions

	Deferred tax
	£
At 1 April 2024	27,566
Charge against provision	( 9,769)
Adjustment for prior year	5,009
	--------
At 31 March 2025	22,806
	--------

10. Operating Leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	2,182	6,546
Later than 1 year and not later than 5 years	–	2,182
	-------	-------
	2,182	8,728
	-------	-------

11. 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). Following the reporting period on 8 October 2025 Close Brothers released the security previously held over the company's assets and the charge was satisfied with Companies House.

12. 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. This transaction occurred after the reporting date and before the financial statements were authorised for issue, and has not resulted in any adjustments to the financial statements for the current year.

13. Summary Audit Opinion

The auditor's report dated 27 April 2026 was unqualified .

The senior statutory auditor was Iain Round BSc FCA , for and on behalf of Menzies LLP .

14. Related Party Transactions

The company is a wholly owned subsidiary of Kingdom Services Group Limited. The company has taken advantage of the exemption in FRS102 Section 33.1A from disclosing transactions or balances with entities which form part of the group.