Registration number: 16044279

Recruit-i Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

Recruit-i Limited

Company Information

Directors

Mike Priestley Stephen Priestley Jason Nowell Martin Hickson Steve Humble

Registered office

Stockton Business Centre, Barkess & Co 70-74 Brunswick Street Stockton on Tees TS18 1DW

Accountants

Barkess & Co Stockton Business Centre 70-74 Brunswick Street Stockton on Tees TS18 1DW

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Recruit-i Limited
for the Period Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Recruit-i Limited for the period ended 31 October 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Recruit-i Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Recruit-i Limited and state those matters that we have agreed to state to the Board of Directors of Recruit-i Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Recruit-i Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Recruit-i Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Recruit-i Limited. You consider that Recruit-i Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Recruit-i Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Barkess & Co
Stockton Business Centre
70-74 Brunswick Street
Stockton on Tees
TS18 1DW

21 July 2026

Recruit-i Limited

(Registration number: 16044279)
Balance Sheet as at 31 October 2025

	Note	2025 £
Fixed assets
Tangible assets	4	443
Current assets
Debtors	5	150,858
Cash at bank and in hand		954
		151,812
Creditors: Amounts falling due within one year	6	(219,717)
Net current liabilities		(67,905)
Net liabilities		(67,462)
Capital and reserves
Called up share capital	7	100
Retained earnings		(67,562)
Shareholders' deficit		(67,462)

For the financial period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:
 

......................................... Mike Priestley Director

Recruit-i Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2024 to 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Stockton Business Centre, Barkess & Co
70-74 Brunswick Street
Stockton on Tees
TS18 1DW
England

These financial statements were authorised for issue by the Board on 21 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Recruit-i Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2024 to 31 October 2025

Asset class	Depreciation method and rate
Furniture, fittings & Equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Recruit-i Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2024 to 31 October 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

Recruit-i Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2024 to 31 October 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	515	515
At 31 October 2025	515	515
Depreciation
Charge for the period	72	72
At 31 October 2025	72	72
Carrying amount
At 31 October 2025	443	443

5

Debtors

Current	2025 £
Trade debtors	98,002
Prepayments	1,239
Other debtors	51,617
	150,858

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £
Due within one year
Loans and borrowings	8	58,530
Trade creditors		31,475
Taxation and social security		8,230
Accruals and deferred income		2,411
Other creditors		119,071
		219,717

Current loans and borrowings

	2025 £
Other borrowings	58,530

Recruit-i Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2024 to 31 October 2025

7	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary A Shares of £1 each	85	85
Ordinary B Shares of £1 each	15	15
	100	100

8	Loans and borrowings

Current loans and borrowings

	2025 £
Other borrowings	58,530

Other borrowings

An invoice factoring loan agreement with Close Brothers is denominated in GB pounds sterling with a nominal interest rate of circa 6.5%. The carrying amount at period end is £58,530 ( - £Nil). The invoice factoring loan advance, together with any future advances from Close Brothers under this agreement are secured by a floating charge which covers all of the property or undertaking of the company.

9	Related party transactions

Transactions with directors

2025	At 28 October 2024 £	Advances to director £	At 31 October 2025 £
Martin Hickson
Directors	-	15	15

Directors' remuneration

The directors' remuneration for the period was as follows:

	2025 £
Remuneration	95,107

Summary of transactions with other related parties

Recruit-i Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2024 to 31 October 2025

Logic-i Limited was the parent company of Recruit-i Limited from incorporation of the latter party, with an 85% equity holding. On 19 June 2025, The Logic-i Group Limited acquired the 85% equity holding in Recruit-i Limited and a 100% equity holding in Logic-i Limited and at the accounting period end each of Recruit-i Limited and Logic-i Limited were subsidiaries of The Logic-i Group Limited.
 Logic-i Limited is a customer of the company.
 The outstanding balance is an interest free loan account free of guarantees or collateral and repayable on demand.
 

Income and receivables from related parties

2025	Other related parties £
Receipt of services	72,962

Expenditure with and payables to related parties

2025	Other related parties £
Rendering of services	9,900
Leases	7,890
	17,790

Loans from related parties

2025	Other related parties £	Total £
Advanced	116,776	116,776
At end of period	116,776	116,776