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COMPANY REGISTRATION NUMBER: 4888782

Novo Executive Search and Selection Limited

Filleted Unaudited Financial Statements

30 September 2025

Novo Executive Search and Selection Limited

Statement of Financial Position

30 September 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 53,526 | 55,825

Current assets

Debtors | 6 | 310,057 | 338,561
Investments | 7 | 78,409 | 236,354
Cash at bank and in hand | 388,127 | 352,729
| --------- | ---------
| 776,593 | 927,644

Creditors: amounts falling due within one year | 8 | 305,379 | 338,521
| --------- | ---------
Net current assets | 471,214 | 589,123
| --------- | ---------
Total assets less current liabilities | 524,740 | 644,948
| --------- | ---------
Net assets | 524,740 | 644,948
| --------- | ---------

Capital and reserves

Called up share capital | 9 | 73 | 83
Share premium account | 8,868 | 8,868
Capital redemption reserve | 27 | 17
Profit and loss account | 515,772 | 635,980
| --------- | ---------
Shareholders funds | 524,740 | 644,948
| --------- | ---------

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.
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Novo Executive Search and Selection Limited

Statement of Financial Position (continued)

30 September 2025
These financial statements were approved by the board of directors and authorised for issue on 17 April 2026 , and are signed on behalf of the board by:

Mr J G Hollier
Director

Company registration number: 4888782

Novo Executive Search and Selection Limited

Notes to the Financial Statements

Year ended 30 September 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 77 Macrae Road, Pill, Bristol, BS20 0DD.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. In the case of executive recruitment, turnover is recognised in three instalments. The initial instalment is recognised based on a retainer which is non-refundable. Once the search for a candidate has been carried out the second instalment is recognised. The final instalment is recognised when a placement has been offered by the company and the candidate has accepted. The policy is regarded in the recruitment sector as best practice.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Leasehold improvements | - | 10% straight line
| Plant and machinery | - | 33% straight line
| Fixtures, fittings and equipment | - | 33% 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.
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. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy).
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2024: 18 ).
5. Tangible assets

| Short leasehold property | Plant and machinery | Fixtures and fittings | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 October 2024 | 58,963 | 70,495 | 61,247 | 190,705
Additions | 416 | 6,826 | 930 | 8,172
| -------- | -------- | -------- | ---------
At 30 September 2025 | 59,379 | 77,321 | 62,177 | 198,877
| -------- | -------- | -------- | ---------
Depreciation |  |  |  |
At 1 October 2024 | 5,896 | 68,017 | 60,967 | 134,880
Charge for the year | 5,938 | 3,943 | 590 | 10,471
| -------- | -------- | -------- | ---------
At 30 September 2025 | 11,834 | 71,960 | 61,557 | 145,351
| -------- | -------- | -------- | ---------
Carrying amount |  |  |  |
At 30 September 2025 | 47,545 | 5,361 | 620 | 53,526
| -------- | -------- | -------- | ---------
At 30 September 2024 | 53,067 | 2,478 | 280 | 55,825
| -------- | -------- | -------- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 299,316 | 321,793
Other debtors | 10,741 | 16,768
| --------- | ---------
| 310,057 | 338,561
| --------- | ---------

7. Investments

| 2025 | 2024
| £ | £
Other investments | 78,409 | 236,354
| -------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 14,047 | 33,663
Corporation tax | 80,670 | 116,866
Social security and other taxes | 116,414 | 105,499
Other creditors | 94,248 | 82,493
| --------- | ---------
| 305,379 | 338,521
| --------- | ---------

9. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
A Ordinary shares of £ 0.01 each | 7,009 | 70.09 | 8,008 | 80.08
B Ordinary shares of £ 0.01 each | 320 | 3.20 | 320 | 3.20
| ------- | ------- | ------- | -------
| 7,329 | 73.29 | 8,328 | 83.28
| ------- | ------- | ------- | -------

10. Other financial commitments
The company had total commitments at the balance sheet date of £30,272 (2024: £20,242).