REGISTERED NUMBER: SC426986 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Imultiply Resourcing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K J Flanagan

Ms K Mackenzie

REGISTERED OFFICE:

Imultiply Global Headquarters

8b Mcdonald Road

Edinburgh

EH7 4LZ

REGISTERED NUMBER:

SC426986 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,444

9,706

1,444

9,706

CURRENT ASSETS

Debtors

6

175,733

262,217

Cash at bank

241,004

187,124

416,737

449,341

CREDITORS

Amounts falling due within one year

7

363,740

391,028

NET CURRENT ASSETS

52,997

58,313

TOTAL ASSETS LESS CURRENT LIABILITIES

54,441

68,019

CREDITORS

Amounts falling due after more than one year

8

-

(14,930

)

PROVISIONS FOR LIABILITIES

10

(6,631

)

(4,937

)

NET ASSETS

47,810

48,152

CAPITAL AND RESERVES

Called up share capital

800

800

Share premium

19,800

19,800

Capital redemption reserve

200

200

Retained earnings

27,010

27,352

47,810

48,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

Ms K Mackenzie - Director

1.	STATUTORY INFORMATION

Imultiply Resourcing Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Imultiply Resourcing Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from permanent staff placements is recognised at the date a candidate commences their new employment.

Revenue from temporary staff and contractor placements is recognised over the period that the services are provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

An impairment review was carried out at the year end and there were no signs of impairment noted.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have considered a period of at least 12 months from the date of these financial statements and, having considered all relevant information available to them, believe it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

9,970

AMORTISATION

At 1 January 2025

and 31 December 2025

9,970

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

33,856

20,272

54,128

DEPRECIATION

At 1 January 2025

28,135

16,287

44,422

Charge for year

5,721

2,541

8,262

At 31 December 2025

33,856

18,828

52,684

NET BOOK VALUE

At 31 December 2025

-

1,444

1,444

At 31 December 2024

5,721

3,985

9,706

6.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

101,310

111,437

Other debtors

34,423

50,780

135,733

162,217

Amounts falling due after more than one year:

Other debtors

40,000

100,000

Aggregate amounts

175,733

262,217

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

14,931

93,129

Trade creditors

34,636

28,286

Taxation and social security

255,959

209,333

Other creditors

58,214

60,280

363,740

391,028

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

14,930

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

14,931

108,059

Included in bank loans is a loan secured by guarantee from the UK Government under the Coronavirus Business Interruption Loan Scheme and another bank loan secured by a floating charge over the company's assets.

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

6,631

4,937

Deferred

tax

£

Balance at 1 January 2025

4,937

Provided during year

1,694

Balance at 31 December 2025

6,631