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REGISTERED NUMBER: 04107729 (England and Wales)

| STRATEGIC REPORT,

| REPORT OF THE DIRECTOR AND

| AUDITED FINANCIAL STATEMENTS

| FOR THE YEAR ENDED 31 OCTOBER 2025

| FOR

| RESOURCE MANAGEMENT SOLUTIONS (NORTH

| EAST) LTD

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Director | 4 |

Report of the Independent Auditors | 6 |

Income Statement | 10 |

Other Comprehensive Income | 11 |

Balance Sheet | 12 |

Statement of Changes in Equity | 13 |

Cash Flow Statement | 14 |

Notes to the Cash Flow Statement | 15 |

Notes to the Financial Statements | 17 |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD

COMPANY INFORMATION

for the Year Ended 31 October 2025

| DIRECTOR: | Mrs C J Martin

| REGISTERED OFFICE: | 3 Victoria Road

| Darlington

| Co. Durham

| DL1 5SJ

| REGISTERED NUMBER: | 04107729 (England and Wales)

| AUDITORS: | Sowerby

| Chartered Accountants and Statutory Auditors

| Beckside Court

| Annie Reed Road

| Beverley

| East Yorkshire

| HU17 0LF

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

STRATEGIC REPORT

for the Year Ended 31 October 2025

The director presents her strategic report for the year ended 31 October 2025.

REVIEW OF BUSINESS

Resource Management Solutions (North East) Limited, established in 2000, proudly in its 26th year in operation. Our sustained success has been driven by a dual approach: seizing emerging commercial opportunities while nurturing steady internal growth. Ongoing reinvestment of earnings into our infrastructure has strengthened our operational capacity and long-term stability.

The year 2025 brought unexpected external challenges that adversely affected the revenue forecasts. The main challenge we faced was ripple effect of the cyber attack in the automotive sector ,the cyber attack caused additional shutdown in what would have been a busy time of the year. Once the attack was cleared and operations resumed it took several more weeks to get back to the pre cyber attack work output. This reduced the RMS profit for the year.

Looking forward, the current year is gaining positive traction, with the signing of a new contracts. We continue to sustain healthy revenue through lasting partnerships with long-standing clients.

PRINCIPAL RISKS AND UNCERTAINTIES

The UK recruitment market remains highly competitive, with pressure on client pricing and challenges from a limited talent pool. After 25 years of refining our employment model, we choose the clients we work with that allows RMS to provide exclusive bespoke service.

We maintain low creditor levels and pay within 30 days, reducing the risk of outstanding debt.

The Employment Rights Act 2025 reforms that come into effect in April 26 will require navigation with employees and clients alike which will be a test across all recruitment agencies, with our 25 years experience we believe the uncertainty and risk to RMS will be minimal.

DEVELOPMENT AND PERFORMANCE

We anticipate further growth through secured contracts and healthy profit margins. To sustain momentum and advance our capabilities, we have invested in our bespoke, interactive onboarding and training portal. We are also expanding our apprentice programme across key business areas-Recruitment, operational HR Managed Services, and Payroll-ensuring we retain critical skills and support ongoing development.

To progress with minimal exposure to risk, we operate with lean overheads. Our strategy for the coming 12 months centres on driving expansion through a targeted sales approach. While entering new sectors remains a priority, we are also nurturing existing client relationships to support continued organic growth and optimise profitability.

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

STRATEGIC REPORT

for the Year Ended 31 October 2025

KEY PERFORMANCE INDICATORS

Key management regularly monitors the following entity-level performance indicators:

a) Staff retention - both internally and within client placements

b) Gross profit margin across all business sectors

c) Cash flow performance

d) Investment in training and development

e) Efficiency of departmental workflows across operational sites

ON BEHALF OF THE BOARD:

Mrs C J Martin - Director

20 July 2026

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

REPORT OF THE DIRECTOR

for the Year Ended 31 October 2025

The director presents her report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company continues to be that of management of human resources and other activities of an employment placement agency.

DIVIDENDS

No dividends will be distributed for the year ended 31 October 2025.

DIRECTOR

Mrs C J Martin held office during the whole of the period from 1 November 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise trade debtors, trade creditors and bank overdrafts. The main purpose of these instruments is to raise funds to finance the company's operations.

The company's approach to managing risks applicable to the financial instruments is shown below.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

In respect of bank overdrafts, liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating and fixed rates of interest.

DISABLED PERSONS

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicants concerned. In the event of a member of staff becoming disabled, every effort is made to ensure that their employment within the company continues and the the appropriate training is arranged. It is the policy of the company that the training, career development and promotions of disabled persons should, as far as possible, be identical to that of other employees.

ENGAGEMENT WITH EMPLOYEES

The company's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.

There is no employee share scheme ay present, but the director is considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

REPORT OF THE DIRECTOR

for the Year Ended 31 October 2025

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mrs C J Martin - Director

20 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD

Opinion

We have audited the financial statements of Resource Management Solutions (North East) Ltd (the 'company') for the year ended 31 October 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its loss for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of director's remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page five, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

The primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

However, in identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- we also obtained an understanding of the legal and regulatory frameworks that the company operates in and determined that the most significant are those that relate to the reporting framework, FRS 102, the Companies Act 2006 and the relevant tax laws and regulations in the UK. In addition, we concluded that there are certain significant laws and regulations which may have an effect on the determination of the amounts and disclosures in the financial statements, relating in majority to general health and safety and employee matters;

- we reviewed results of our enquiries of management about their own identification and assessment of the risks of irregularities; and assessed how the entity identifies, evaluates and complies with laws and regulations and whether management were aware of any instances of non-compliance. We corroborated our enquiries through our review of board minutes and consideration of the results of our audit procedures across the company;

- we also considered how the entity detects and responds to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud, and;

- we considered the controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how management monitors those controls

- the internal controls established to mitigate risks of non-compliance with laws and regulations were also investigated.

- we also considered the existence of performance targets and their potential influence on management to manage earnings.

- where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk.

These procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error.

We reviewed financial statement disclosures and performed testing to supporting documentation to assess compliance with applicable laws and regulations.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD

We also tested the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. There was a focus on manual journals and journals indicating large or unusual transactions; enquiries of company management; and challenging the assumptions and judgements made by management by reviewing third party evidence wherever possible.

The results of our procedures did not identify any instances or irregularities, including fraud.

No inherent difficulties were found in the standard processes for detecting irregularities; due to the minimal negative impact upon the business in the current year due to the sector in which it operates and the controls put in place, there was no significant shift in the control environment in the current year. This also meant that the nature, timing and extent of the audit procedures performed were not significantly impacted.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Patrick Scargill ACA FCCA (Senior Statutory Auditor)

for and on behalf of Sowerby

Chartered Accountants and Statutory Auditors

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

20 July 2026

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

INCOME STATEMENT

for the Year Ended 31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 19,618,713 |  | 18,519,600 |  |

Cost of sales | 17,510,069 |  | 16,460,713 |  |

GROSS PROFIT | 2,108,644 |  | 2,058,887 |  |

Administrative expenses | 2,054,471 |  | 2,032,739 |  |

OPERATING PROFIT | 5 | 54,173 |  | 26,148 |  |

Interest receivable and similar income | 1 |  | - |  |

54,174 |  | 26,148 |  |

Interest payable and similar expenses | 6 | 67,877 |  | 21,451 |  |

(LOSS)/PROFIT BEFORE TAXATION | (13,703 | ) | 4,697 |  |

Tax on (loss)/profit | 7 | 9,924 |  | 14,147 |  |

LOSS FOR THE FINANCIAL YEAR | (23,627 | ) | (9,450 | ) |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

OTHER COMPREHENSIVE INCOME

for the Year Ended 31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

LOSS FOR THE YEAR | (23,627 | ) | (9,450 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (23,627 | ) | (9,450 | ) |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

BALANCE SHEET

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | - |  | - |  |

Tangible assets | 9 | 324,163 |  | 328,935 |  |

324,163 |  | 328,935 |  |

CURRENT ASSETS

Stocks | 10 | 36,344 |  | 37,386 |  |

Debtors | 11 | 4,568,296 |  | 4,053,211 |  |

Cash at bank and in hand | 14,943 |  | 28,600 |  |

4,619,583 |  | 4,119,197 |  |

CREDITORS

Amounts falling due within one year | 12 | 4,735,628 |  | 4,183,515 |  |

NET CURRENT LIABILITIES | (116,045 | ) | (64,318 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 208,118 |  | 264,617 |  |

CREDITORS

Amounts falling due after more than one year | 13 | 98,070 |  | 130,942 |  |

NET ASSETS | 110,048 |  | 133,675 |  |

CAPITAL AND RESERVES

Called up share capital | 18 | 200 |  | 200 |  |

Revaluation reserve | 19 | 50,731 |  | 50,731 |  |

Retained earnings | 19 | 59,117 |  | 82,744 |  |

SHAREHOLDERS' FUNDS | 110,048 |  | 133,675 |  |

The financial statements were approved by the director and authorised for issue on 20 July 2026 and were signed by:

Mrs C J Martin - Director

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

STATEMENT OF CHANGES IN EQUITY

for the Year Ended 31 October 2025

| Called up |

| share |  | Retained |  | Revaluation |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 November 2023 | 200 |  | 92,194 |  | 50,731 |  | 143,125 |  |

Changes in equity

Total comprehensive income | - |  | (9,450 | ) | - |  | (9,450 | ) |

Balance at 31 October 2024 | 200 |  | 82,744 |  | 50,731 |  | 133,675 |  |

Changes in equity

Total comprehensive income | - |  | (23,627 | ) | - |  | (23,627 | ) |

Balance at 31 October 2025 | 200 |  | 59,117 |  | 50,731 |  | 110,048 |  |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

CASH FLOW STATEMENT

for the Year Ended 31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 141,583 |  | 145,683 |  |

Interest paid | (67,877 | ) | (21,451 | ) |

Tax paid | (29 | ) | (6,412 | ) |

Net cash from operating activities | 73,677 |  | 117,820 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (6,956 | ) | (3,230 | ) |

Interest received | 1 |  | - |  |

Net cash from investing activities | (6,955 | ) | (3,230 | ) |

Cash flows from financing activities

New loans in year | - |  | 138,528 |  |

Loan repayments in year | (80,379 | ) | (232,014 | ) |

Net cash from financing activities | (80,379 | ) | (93,486 | ) |

(Decrease)/increase in cash and cash equivalents | (13,657 | ) | 21,104 |  |

Cash and cash equivalents at beginning of year | 2 | 28,600 |  | 7,496 |  |

Cash and cash equivalents at end of year | 2 | 14,943 |  | 28,600 |  |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE CASH FLOW STATEMENT

for the Year Ended 31 October 2025

1. | RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| (Loss)/profit before taxation | (13,703 | ) | 4,697 |  |

| Depreciation charges | 11,728 |  | 12,828 |  |

| Finance costs | 67,877 |  | 21,451 |  |

| Finance income | (1 | ) | - |  |

65,901 |  | 38,976 |  |

| Decrease in stocks | 1,042 |  | 1,577 |  |

| Increase in trade and other debtors | (516,175 | ) | (240,415 | ) |

| Increase in trade and other creditors | 590,815 |  | 345,545 |  |

| Cash generated from operations | 141,583 |  | 145,683 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 October 2025

| 31/10/25 |  | 1/11/24

£ | £ |

| Cash and cash equivalents | 14,943 |  | 28,600 |  |

| Year ended 31 October 2024

| 31/10/24 |  | 1/11/23

£ | £ |

| Cash and cash equivalents | 28,600 |  | 7,496 |  |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE CASH FLOW STATEMENT

for the Year Ended 31 October 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1/11/24 | Cash flow | At 31/10/25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 28,600 |  | (13,657 | ) | 14,943 |  |

28,600 |  | (13,657 | ) | 14,943 |  |

| Debt

| Debts falling due within 1 year | (78,636 | ) | 47,507 |  | (31,129 | ) |

| Debts falling due after 1 year | (130,942 | ) | 32,872 |  | (98,070 | ) |

(209,578 | ) | 80,379 |  | (129,199 | ) |

| Total | (180,978 | ) | 66,722 |  | (114,256 | ) |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Resource Management Solutions (North East) Ltd is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at 3 Victoria Road, Darlington, DL1 5SJ.

| The principal activity of the company is that of management of human resources and other activities of an employment placement agency.

| The presentational currency of the financial statements is 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Going Concern

| The director has considered all factors, including in the wider economy, as part of their assessment of going concern. Although the current economic climate creates both cashflow and profitability risks for the company, the director believes on balance that the company has sufficient resources to enable trading to continue for a period of at least one year from the date of approval of the financial statements.

| The UK recruitment market remains highly competitive, with pressure on client pricing and challenges from a limited talent pool. RMS addresses this by offering competitive salaries to retain key skills. After 24 years of refining their employment model, the director believes the company is well positioned to compete, with strong traction from both existing and new clients as reflected in forecasts of the company.

| The company maintains low creditor levels and pay within 30 days, reducing the risk of outstanding debt.

| Recent changes to Employers' National Insurance have increased cost pressures for clients, but the company continues to adapt our pricing strategy to remain competitive.

| Accordingly, these financial statements have been prepared on the going concern basis.

| Significant judgements and estimates

| In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision only affects that period, or in the period of the revision and future periods where th revision affects both current and future periods.

| In the opinion of the directors. there are no key or significant sources of estimation uncertainty used in the preparation of the accounts.

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

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

| Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

| Turnover from the sale of goods is recognised at the point of sale.

| Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

| Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product or service, have been transferred to the customer.

| 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 five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Fixtures and fittings | - | 20% on cost

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses or under the revaluation model with changes in fair value recognised in other comprehensive income.

| If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

| Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Trade and other debtors

| Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such case the receivables are stated at cost less 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 and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

| Related parties

| For the purposes of these financial statements, a party is considered to be related to the company if:

| (i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company in making financial and operating policy decisions, or has joint control over the company;

| (ii) the company and the party are subject to common control;

| (iii) the party is an associate of the company or a joint venture in which the company is a venture

| (iv) the party is a member of key management personnel of the company or the company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

| (v) the party is a close family member of a party referred to in (i) or is an entity under the control, joint control or significant influence of such individuals; or

| (vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.

| (vii) the party, or any member of a group of which it is part, provides key management personnel services to the company or its parent.

| Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.

| Trade and other creditors

| Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

| Impairment of financial assets

| Financial assets, are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that have occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Interest bearing borrowings

| Interest-bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of the borrowings, together with any interest and fees payable, using the effective interest method.

3. | TURNOVER

| The turnover and loss (2024 - profit) before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Provision of services | 19,618,713 |  | 18,519,600 |  |

19,618,713 |  | 18,519,600 |  |

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 19,618,713 |  | 18,519,600 |  |

19,618,713 |  | 18,519,600 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 16,532,195 |  | 15,635,934 |  |

| Social security costs | 1,873,796 |  | 1,503,907 |  |

| Other pension costs | 275,060 |  | 251,734 |  |

18,681,051 |  | 17,391,575 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Directors | 1 |  | 1 |  |

| Administration Staff | 22 |  | 24 |  |

| Cost of sales staff | 457 |  | 446 |  |

480 |  | 471 |  |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

4. | EMPLOYEES AND DIRECTORS - continued

| 2025 |  | 2024

£ | £ |

| Director's remuneration | 356,417 |  | 313,480 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 356,417 |  | 313,480 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 11,728 |  | 12,828 |  |

| Auditors' remuneration | 14,180 |  | 13,020 |  |

| Operating lease charges | 51,940 |  | 62,727 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 12,792 |  | 21,451 |  |

| Other interest | 55,085 |  | - |  |

67,877 |  | 21,451 |  |

7. | TAXATION

| Analysis of the tax charge

| The tax charge on the loss for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 8,834 |  | (1,759 | ) |

| Deferred tax | 1,090 |  | 15,906 |  |

| Tax on (loss)/profit | 9,924 |  | 14,147 |  |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

7. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| (Loss)/profit before tax | (13,703 | ) | 4,697 |  |

| (Loss)/profit multiplied by the standard rate of corporation tax in the UK of 19% (2024 - 19%) | (2,604 | ) | 892 |  |

| Effects of:

| Expenses not deductible for tax purposes | 10,752 |  | 11,036 |  |

| Income not taxable for tax purposes | - |  | (13,322 | ) |

| Depreciation in excess of capital allowances | 686 |  | 1,423 |  |

| Other | - |  | (1,788 | ) |

| Deferred tax | 1,090 |  | 15,906 |  |

| Total tax charge | 9,924 |  | 14,147 |  |

8. | INTANGIBLE FIXED ASSETS

| Computer

| software

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 52,545 |  |

| AMORTISATION

| At 1 November 2024

| and 31 October 2025 | 52,545 |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  |

| At 31 October 2024 | - |  |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 November 2024 | 330,000 |  | 65,093 |  | 395,093 |  |

| Additions | - |  | 6,956 |  | 6,956 |  |

| At 31 October 2025 | 330,000 |  | 72,049 |  | 402,049 |  |

| DEPRECIATION

| At 1 November 2024 | 13,200 |  | 52,958 |  | 66,158 |  |

| Charge for year | 6,600 |  | 5,128 |  | 11,728 |  |

| At 31 October 2025 | 19,800 |  | 58,086 |  | 77,886 |  |

| NET BOOK VALUE

| At 31 October 2025 | 310,200 |  | 13,963 |  | 324,163 |  |

| At 31 October 2024 | 316,800 |  | 12,135 |  | 328,935 |  |

| Cost or valuation at 31 October 2025 is represented by:

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| Valuation in 2023 | 11,737 |  | - |  | 11,737 |  |

| Cost | 318,263 |  | 72,049 |  | 390,312 |  |

330,000 |  | 72,049 |  | 402,049 |  |

| If freehold and and buildings had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 318,263 |  | 318,263 |  |

| Aggregate depreciation | 58,559 |  | 58,559 |  |

| Value of land in freehold land and buildings | 259,704 |  | 259,704 |  |

| Freehold and and buildings were valued on an open market basis on 1 June 2023 by a RICS accredited independent valuer .

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

10. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 36,344 |  | 37,386 |  |

11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 3,145,846 |  | 2,390,110 |  |

| Other debtors | 25,000 |  | 25,000 |  |

| Directors' current accounts | 645,019 |  | 645,019 |  |

| Tax | 162,749 |  | 162,749 |  |

| Deferred tax asset | 1,004 |  | 2,094 |  |

| Prepayments and accrued income | 588,678 |  | 828,239 |  |

4,568,296 |  | 4,053,211 |  |

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other loans (see note 14) | 31,129 |  | 78,636 |  |

| Trade creditors | 34,528 |  | 24,299 |  |

| Tax | 8,834 |  | 29 |  |

| Social security and other taxes | 817,696 |  | 728,690 |  |

| VAT | 666,800 |  | 797,090 |  |

| Other creditors | 3,086,956 |  | 2,504,584 |  |

| Accrued expenses | 89,685 |  | 50,187 |  |

4,735,628 |  | 4,183,515 |  |

| Included within other creditors is an invoice discounting facility of £2,825,825 (2024 - £2,148,118) which is secured against book debts and has interest charged on it at 2.22%.

13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other loans (see note 14) | 98,070 |  | 130,942 |  |

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

14. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Other loans | 31,129 |  | 78,636 |  |

| Amounts falling due between one and two years:

| Other loans - 1-2 years | 14,000 |  | 32,920 |  |

| Amounts falling due between two and five years:

| Other loans - 2-5 years | 42,000 |  | 42,012 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Other loans more 5yrs instal | 42,070 |  | 56,010 |  |

15. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 26,563 |  | 39,250 |  |

| Between one and five years | 6,541 |  | 17,049 |  |

33,104 |  | 56,299 |  |

16. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Other loans | 129,199 |  | 209,578 |  |

| Other loans are secured by a charge over the freehold property, by a fixed and floating charge over the assets of the company and a personal guarantee from the director. Other loans are repayable by 2026 and 2033 with interest being charged at 5% (CBILS) and 3.6% plus LIBER respectively.

RESOURCE MANAGEMENT SOLUTIONS (NORTH

EAST) LTD (REGISTERED NUMBER: 04107729)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

17. | DEFERRED TAX

£ |

| Balance at 1 November 2024 | (2,094 | ) |

| Charge to Income Statement during year | 1,090 |  |

| Balance at 31 October 2025 | (1,004 | ) |

18. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary A Shares | 1 | 100 |  | 100 |  |

| 100 | Ordinary B Shares | 1 | 100 |  | 100 |  |

200 |  | 200 |  |

| The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the company. All ordinary shares rank equally with regard to the company's residual assets.

19. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 November 2024 | 82,744 |  | 50,731 |  | 133,475 |  |

| Deficit for the year | (23,627 | ) | (23,627 | ) |

| At 31 October 2025 | 59,117 |  | 50,731 |  | 109,848 |  |

20. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| Dividends totalling £nil (2024 - £nil) were paid in the year in respect of shares held by the company's director.

| At the year end there was a directors loan account due within debtors of £645,019 (2024 - £645,019).

21. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mrs C J Martin.