REGISTERED NUMBER: 16107334 (England and Wales)

Financial Statements

for the Period 28 November 2024 to 31 October 2025

for

Found Recruitment Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K D Heppenstall

Mr A D Sheekey

Mrs E Found

REGISTERED OFFICE:

28 Bailey Street

Sheffield

South Yorkshire

S1 4EH

REGISTERED NUMBER:

16107334 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Salim FCCA

AUDITORS:

SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Tangible assets

4

27,207

CURRENT ASSETS

Debtors

5

326,661

Cash at bank

3,686

330,347

CREDITORS

Amounts falling due within one year

6

326,449

NET CURRENT ASSETS

3,898

TOTAL ASSETS LESS CURRENT LIABILITIES

31,105

PROVISIONS FOR LIABILITIES

8

6,802

NET ASSETS

24,303

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

24,203

SHAREHOLDERS' FUNDS

24,303

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr K D Heppenstall - Director

1.	STATUTORY INFORMATION

Found Recruitment Services Limited 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.

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.

Turnover

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

Tangible fixed assets

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

Computer equipment - 33% reducing balance

Taxation

Taxation for the period 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

32,894

At 31 October 2025

32,894

DEPRECIATION

Charge for period

5,687

At 31 October 2025

5,687

NET BOOK VALUE

At 31 October 2025

27,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

302,928

Amounts owed by group undertakings

3,096

Other debtors

20,637

326,661

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

9,039

Amounts owed to group undertakings

17,185

Taxation and social security

15,111

Other creditors

285,114

326,449

Included within other creditors is an amount of £238,319 relating to invoice discounting advances, these advances are secured by way of first fixed and floating charges over the present and future assets of the company.

7.	LEASING AGREEMENTS

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

£

Within one year

14,520

Between one and five years

16,940

31,460

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

6,802

Deferred tax

£

Provided during period

6,802

Balance at 31 October 2025

6,802

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal:

2025

value:

£

76

Ordinary A

£1

76

24

Ordinary B

£1

24

100

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

The Report of the Auditors was unqualified.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of SMH Group Audit

11.	RELATED PARTY DISCLOSURES

At the year end, £14,089 was owed to companies under the common control of Mr M J Davison.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Davison.

At 31 October 2025 the company's parent company was Portland Investment Group Limited, a company which is incorporated in the UK. The accounts of this company are available to the public and may be obtained from Companies House, Cardiff.