Company No: 13300918 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	132,894		159,915
Investments	5	15		15
		132,909		159,930
Current assets
Debtors	6	242,034		456,767
Cash at bank and in hand		350,682		34,338
		592,716		491,105
Creditors: amounts falling due within one year	7	( 401,163)		( 555,452)
Net current assets/(liabilities)		191,553		(64,347)
Total assets less current liabilities		324,462		95,583
Creditors: amounts falling due after more than one year	8	( 132,892)		( 110,584)
Provision for liabilities		( 20,064)		0
Net assets/(liabilities)		171,506		( 15,001)
Capital and reserves
Called-up share capital	9	74		89
Capital redemption reserve		36		21
Profit and loss account		171,396		( 15,111 )
Total shareholders' funds/(deficit)		171,506		( 15,001)

For the financial year ending 31 August 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Poles Apart AP Ltd (registered number: 13300918) were approved and authorised for issue by the Board of Directors on 02 August 2026. They were signed on its behalf by:

Samuel Laskey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Poles Apart AP Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming, 5th Floor Salt Quay House 4 North East Quay, Sutton Harbour, Plymouth, PL4 0BN, United Kingdom. The principal place of business is 9 Lark Hill, Plymouth, PL2 2LL.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

Following the year end, it became apparent that, for the years ended 2024 and 2023, income received in year but relating to services provided early in the following year had not been correctly deferred. Investments in unlisted companies and loans to those companies had also not been recognised. There were share buybacks in the years ended 2024 and 2023, which hadn't been correctly accounted for within a capital redemption reserve. The effect of these on the financial statements are material and so restatements have been made to the prior period balance sheet, statement of income and retained earning and statement of changes in equity.

The opening reserves as at 1 September 2023 have been reduced by £135,591 and as at 31 August 2024 the reserves have been reduced by £155,411.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 % reducing balance
Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance
Office equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value 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 cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

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

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Prior year adjustment

During the year it became apparent that, for the years ended 2024 and 2023, income received in year but relating to services provided early in the following year had not been correctly deferred. Investments in unlisted companies and loans to those companies had also not been recognised. There were share buybacks in the years ended 2024 and 2023, which hadnt been correctly accounted for within a capital redemption reserve. The timing of the payments for the share buyback meant there was a creation of other debtors and creditors for shareholders. The effect of these on the financial statements are material and so restatements have been made to the prior period balance sheet, statement of income and retained earning and statement of changes in equity.

		As previously reported		Adjustment		As restated
Year ended 31 August 2024		£		£		£
Turnover		2,627,456		(134,750)		2,492,706
Cost of sales		1,610,762		(291,237)		1,319,525
Administrative expenses		673,112		272,472		945,584
Tangible assets		161,725		(1,810)		159,915
Investments		0		15		15
Prepayments		4,150		4,905		9,055
Other debtors		31,415		25,609		57,024
Accruals and deferred income		1,900		308,855		310,755
Other creditors		43,161		7,380		50,541
Capital redemption reserve		0		21		21
Share capital		95		(6)		89
Retained Earnings brought forward		170,522		(155,411)		15,111
Taxation and social security		170,396		(64,458)		105,938
Tax on profit		64,458		(64,458)		0

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	55		51

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 September 2024	12,907		683		166,967		42,406		222,963
Additions	0		0		13,495		22,654		36,149
Disposals	0		0		( 38,305)		0		( 38,305)
At 31 August 2025	12,907		683		142,157		65,060		220,807
Accumulated depreciation
At 01 September 2024	2,412		253		48,903		11,480		63,048
Charge for the financial year	1,050		86		31,568		9,889		42,593
Disposals	0		0		( 17,728)		0		( 17,728)
At 31 August 2025	3,462		339		62,743		21,369		87,913
Net book value
At 31 August 2025	9,445		344		79,414		43,691		132,894
At 31 August 2024	10,495		430		118,064		30,926		159,915

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 September 2024	15		15
At 31 August 2025	15		15
Carrying value at 31 August 2025	15		15
Carrying value at 31 August 2024	15		15

6. Debtors

	2025		2024
	£		£
Trade debtors	107,250		370,956
Amounts owed by directors	32		19,732
Prepayments	7,856		9,055
Other debtors	126,896		57,024
	242,034		456,767

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	16,800		54,586
Trade creditors	2,312		0
Accruals and deferred income	132,263		310,755
Taxation and social security	223,494		105,938
Obligations under finance leases and hire purchase contracts (secured)	16,438		33,632
Other creditors	9,856		50,541
	401,163		555,452

Obligations under finance leases and hire purchase contracts are secured against the assets they relate to.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	54,092		110,584
Obligations under finance leases and hire purchase contracts (secured)	78,800		0
	132,892		110,584

Obligations under finance leases and hire purchase contracts are secured against the assets they relate to.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
Nil Ordinary A shares (2024: 22 shares of £ 1.00 each)	0		22
22 Ordinary B shares of £ 1.00 each	22		22
Nil Ordinary C shares (2024: 7 shares of £ 1.00 each)	0		7
16 Ordinary D shares of £ 1.00 each (2024: 22 shares of £ 1.00 each)	16		16
26 Ordinary E shares of £ 1.00 each (2024: 12 shares of £ 1.00 each)	26		12
10 Ordinary F shares of £ 1.00 each	10		10
	74		89

During the year:
- 14 Ordinary A shares were reclassified to Ordinary E shares
- 8 Ordinary A shares were purchased back by the Company and cancelled
- 7 Ordinary C shares were purchased back by the Company and cancelled

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed by the directors	32		19,742

The loans are interest free and repayable on demand.

The company has related party relationships with entities under common control through shared directors and shareholders. At the year end, the company was owed £36,200 (2024: £20,000) from Thrive Recruitment Group Plymouth Ltd and £42,781 (2024: £nil) from Links (SW) Ltd. The balances are unsecured, interest-free, and are repayable on demand. No guarantees have been given or received in respect of the balance.

11. Contingencies

The Company is currently involved in a dispute with a former director and shareholder. At the date of approval of these financial statements, the case has yet to be concluded in court, and the matter remains unresolved.

Based on the information available and advice received, the directors feel that they have a robust case, but they are unable to determine with sufficient reliability the likelihood or value of any potential outflow or inflow of economic resources, and deem it impracticable to do so. Accordingly, it is not possible to disclose the estimate the financial effect or possibility of any reimbursement.