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

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

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

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.

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

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.

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

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.

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.

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.

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

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

)

LOSS FOR THE YEAR

(23,627

)

(9,450

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(23,627

)

(9,450

)

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

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

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

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

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

)

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.

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.

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.

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.

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