REGISTERED NUMBER: 03825406 (England and Wales)

HIREFUL LTD

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

9

DIRECTORS:

S Grainger

A J Lover

S D Maher

A J M Mcdonagh

SECRETARY:

S Grainger

REGISTERED OFFICE:

15-17 Strixton Manor Business Centre

Strixton

Wellingborough

NN29 7PA

REGISTERED NUMBER:

03825406 (England and Wales)

INDEPENDENT AUDITORS:

Phipps Henson McAllister

Chartered Accountants

and Statutory Auditors

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Intangible assets

4

363,268

275,037

Tangible assets

5

5,031

9,041

Investments

6

9,033

9,033

377,332

293,111

CURRENT ASSETS

Debtors

7

1,028,960

1,055,573

Investments

8

4,558

4,478

Cash at bank

309,579

389,220

1,343,097

1,449,271

CREDITORS

Amounts falling due within one year

9

1,921,266

1,655,675

NET CURRENT LIABILITIES

(578,169

)

(206,404

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(200,837

)

86,707

CREDITORS

Amounts falling due after more than one year

10

500,000

742,756

NET LIABILITIES

(700,837

)

(656,049

)

CAPITAL AND RESERVES

Called up share capital

11

122

122

Share premium

34,269

34,269

Retained earnings

(735,228

)

(690,440

)

SHAREHOLDERS' FUNDS

(700,837

)

(656,049

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

S Grainger - Director

1.	STATUTORY INFORMATION

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

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

The directors have reviewed the company's cash flow forecasts and liquidity requirements and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount 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 affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover

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

Revenues relating to the sale of software licences are recognised over the life of the licence.

Intangible assets

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

Development costs are amortised on a straight-line basis over their estimated useful economic lives of either three or five years.

Tangible fixed assets

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

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Research and development

Expenditure on pure research is written off in the year in which it is incurred. Development expenditure is capitalised where a specific project that will deliver future economic benefit can be identified. Amortisation of the resulting intangible asset will commence when the project is deemed to be complete and in use.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

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

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2025 - 53 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

284,929

Additions

161,517

At 31 March 2026

446,446

AMORTISATION

At 1 April 2025

9,892

Charge for year

73,286

At 31 March 2026

83,178

NET BOOK VALUE

At 31 March 2026

363,268

At 31 March 2025

275,037

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

93,318

4,331

97,649

Additions

-

400

400

At 31 March 2026

93,318

4,731

98,049

DEPRECIATION

At 1 April 2025

87,518

1,090

88,608

Charge for year

2,900

1,510

4,410

At 31 March 2026

90,418

2,600

93,018

NET BOOK VALUE

At 31 March 2026

2,900

2,131

5,031

At 31 March 2025

5,800

3,241

9,041

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

9,033

NET BOOK VALUE

At 31 March 2026

9,033

At 31 March 2025

9,033

Hireful ltd owns 100% of the share capital of Hireful España SL, a company incorporated in Spain.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

585,369

526,832

Other debtors

443,591

528,741

1,028,960

1,055,573

8.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Other investments

4,558

4,478

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

201,776

169,480

Trade creditors

259,781

125,058

Amounts owed to group undertakings

53,146

36,373

Taxation and social security

190,313

197,235

Other creditors

1,216,250

1,127,529

1,921,266

1,655,675

Included in Other creditors is £1,018,190 (2025: £950,428) relating to deferred income for the sale of software licences that is released over the life of the licence, normally 12 months.

Certain borrowings are secured on the assets of the company.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

500,000

742,756

Certain borrowings are secured on the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,227

Ordinary

0.10

122

122

6 Ordinary shares of 0.10 each were allotted and fully paid for cash at par during the year.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Greenhalgh BFP FCA (Senior Statutory Auditor)

for and on behalf of Phipps Henson McAllister

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

S Grainger

Balance outstanding at start of year

52,976

46,663

Amounts advanced

-

6,313

Amounts repaid

(25,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,976

52,976

A J M Mcdonagh

Balance outstanding at start of year

32,729

44,877

Amounts advanced

-

37,852

Amounts repaid

(15,000

)

(50,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,729

32,729

Director loans, included in Other debtors, are interest free, and are considered repayable on demand.