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2024-10-31 05801893 dpl:GroupUndertakings 2023-11-01 2024-10-31 05801893 dpl:ParticipatingInterests 2023-11-01 2024-10-31 05801893 dpl:GroupUndertakings core:ListedExchangeTraded 2023-11-01 2024-10-31 05801893 core:ListedExchangeTraded 2023-11-01 2024-10-31 05801893 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-11-01 2024-10-31 05801893 core:UnlistedNon-exchangeTraded 2023-11-01 2024-10-31 05801893 core:NetGoodwill 2025-10-31 05801893 core:IntangibleAssetsOtherThanGoodwill 2025-10-31 05801893 core:LandBuildings 2025-10-31 05801893 core:PlantMachinery 2025-10-31 05801893 core:Vehicles 2025-10-31 05801893 core:FurnitureFittings 2025-10-31 05801893 core:OfficeEquipment 2025-10-31 05801893 core:AfterOneYear 2025-10-31 05801893 core:WithinOneYear 2025-10-31 05801893 core:ListedExchangeTraded 2025-10-31 05801893 core:UnlistedNon-exchangeTraded 2025-10-31 05801893 core:ShareCapital 2025-10-31 05801893 core:SharePremium 2025-10-31 05801893 core:RevaluationReserve 2025-10-31 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RED RECRUITMENT 24/7 LIMITED

Registered Number
05801893
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2025

RED RECRUITMENT 24/7 LIMITED
Company Information
for the year from 1 November 2024 to 31 October 2025

Directors | Mr M Morley
| Mrs M P Morley

Company Secretary | Mr M Morley

Registered Address | 4 Pioneer Way
| Off Doddington Road
| Lincoln
| LN6 3DH

Registered Number | 05801893 (England and Wales)

RED RECRUITMENT 24/7 LIMITED
Balance Sheet as at
31 October 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 167,384 |  |  |  | 209,516
|  |  |  | 167,384 |  |  |  | 209,516
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 4,500 |  |  |  | 4,500 |  |
Debtors | 5 | 588,964 |  |  |  | 643,090 |  |
Cash at bank and on hand |  | 81,963 |  |  |  | 154,256 |  |
|  | 675,427 |  |  |  | 801,846 |  |
Creditors amounts falling due within one year | 6 | (727,831) |  |  |  | (861,123) |  |
Net current assets (liabilities) |  |  |  | (52,404) |  |  |  | (59,277)
Total assets less current liabilities |  |  |  | 114,980 |  |  |  | 150,239
Creditors amounts falling due after one year | 7 |  |  | (77,300) |  |  |  | (90,830)
Provisions for liabilities | 9 |  |  | (25,689) |  |  |  | (32,293)
Net assets |  |  |  | 11,991 |  |  |  | 27,116
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 80 |  |  |  | 80
Share premium |  |  |  | 20 |  |  |  | 20
Profit and loss account |  |  |  | 11,891 |  |  |  | 27,016
Shareholders' funds |  |  |  | 11,991 |  |  |  | 27,116

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 July 2026, and are signed on its behalf by:
Mrs M P Morley Director Registered Company No. 05801893

RED RECRUITMENT 24/7 LIMITED
Notes to the Financial Statements
for the year ended 31 October 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Employee benefits
--- | ---
| Contributions to defined contribution plans are expensed in the period to which they relate.

| Borrowing costs
--- | ---
| 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.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Leasehold improvements - over the term of the lease Plant and equipment, fixtures and fittings - varying rates to write assets off over their estimate useful life Motor vehicles - varying rates

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

| Stocks and work in progress
--- | ---
| Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 13 |  | 15

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Vehicles |  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 November 24 | 101,350 |  | 204,024 |  | 52,486 |  | 248,852 |  | 606,712
| Disposals | - |  | (9,100) |  | - |  | - |  | (9,100)
| At 31 October 25 | 101,350 |  | 194,924 |  | 52,486 |  | 248,852 |  | 597,612
| Depreciation and impairment
| At 01 November 24 | 73,457 |  | 57,344 |  | 43,825 |  | 222,570 |  | 397,196
| Charge for year | 6,917 |  | 21,015 |  | 4,643 |  | 2,932 |  | 35,507
| On disposals | - |  | (2,475) |  | - |  | - |  | (2,475)
| At 31 October 25 | 80,374 |  | 75,884 |  | 48,468 |  | 225,502 |  | 430,228
| Net book value
| At 31 October 25 | 20,976 |  | 119,040 |  | 4,018 |  | 23,350 |  | 167,384
| At 31 October 24 | 27,893 |  | 146,680 |  | 8,661 |  | 26,282 |  | 209,516

4. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Raw materials and consumables | 4,500 |  | 4,500
| Total | 4,500 |  | 4,500

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 342,351 |  | 411,588
| Amounts owed by group undertakings | 172,138 |  | 140,614
| Other debtors | 9,840 |  | 10,631
| Prepayments and accrued income | 64,635 |  | 80,257
| Total | 588,964 |  | 643,090

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 21,453 |  | 18,105
| Bank borrowings and overdrafts | 305,462 |  | 379,618
| Taxation and social security | 225,033 |  | 219,068
| Finance lease and HP contracts | 12,269 |  | 18,180
| Other creditors | 116,984 |  | 175,486
| Accrued liabilities and deferred income | 46,630 |  | 50,666
| Total | 727,831 |  | 861,123

| Hire and lease purchase creditors are secured against the assets to which they relate. Included in bank borrowings is an amount of £299,957 (2024 - £370,662) in respect of an invoice financing facility provided by the company's bankers.

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 21,247 |  | 26,752
| Other creditors | 56,053 |  | 64,078
| Total | 77,300 |  | 90,830

| Hire and lease purchase creditors are secured against the assets to which they relate. Bank borrowings Bounce Back Loan is denominated in £ with a nominal interest rate of market rate, and the final instalment is due on 31 October 2030. The carrying amount at year end is £21,247 (2024 - £26,752)

8. | Obligations under finance leases
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 68,321 |  | 82,259

| Hire and lease purchase creditors are secured against the assets to which they relate.

9. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other provisions | 25,689 |  | 32,293
| Total | 25,689 |  | 32,293

10. | Other commitments
--- | ---
| At 31st October 2025 the company had commitments under non-cancellable operating leases of £110,976 (2024 - £174,336).