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Registration number: 13490273

Absolute Personnel Recruitment Limited
Unaudited Financial Statements
for the Year Ended 31 March 2026

Absolute Personnel Recruitment Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Absolute Personnel Recruitment Limited

Company Information

Director | ML Meddings

Registered office | Ashwood House 6b The Professional Quarter Sitka Drive Shrewsbury Business Park Shrewsbury SY2 6LG

Accountants | Azets Davidson Stant Limited Chartered Accountants2nd Floor Regis House 45 King William Street London EC4R 9AN

Absolute Personnel Recruitment Limited

(Registration number: 13490273)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 154,620 | 179,034
Tangible assets | 5 | 61,813 | 82,381
|  | 216,433 | 261,415
Current assets |  |  |
Debtors | 6 | 263,743 | 390,117
Cash at bank and in hand |  | 51,363 | 260,573
|  | 315,106 | 650,690
Creditors: Amounts falling due within one year | 7 | (468,446) | (801,364)
Net current liabilities |  | (153,340) | (150,674)
Total assets less current liabilities |  | 63,093 | 110,741
Creditors: Amounts falling due after more than one year | 7 | (20,730) | (43,829)
Net assets |  | 42,363 | 66,912
Capital and reserves |  |  |
Called up share capital |  | 101 | 101
Retained earnings |  | 42,262 | 66,811
Shareholders' funds |  | 42,363 | 66,912

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his 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 and 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 director on 5 August 2026

Absolute Personnel Recruitment Limited

(Registration number: 13490273)
Balance Sheet as at 31 March 2026

......................................... ML Meddings Director

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

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

The address of its registered office is:
Ashwood House
6b The Professional Quarter
Sitka Drive
Shrewsbury Business Park
Shrewsbury
SY2 6LG

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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Judgements

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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10 years straight line

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.

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2025 - 8).

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2025 | 244,136 | 244,136
At 31 March 2026 | 244,136 | 244,136
Amortisation
At 1 April 2025 | 65,102 | 65,102
Amortisation charge | 24,414 | 24,414
At 31 March 2026 | 89,516 | 89,516
Carrying amount
At 31 March 2026 | 154,620 | 154,620
At 31 March 2025 | 179,034 | 179,034

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 21,720 | 96,411 | 118,131
At 31 March 2026 | 21,720 | 96,411 | 118,131
Depreciation
At 1 April 2025 | 10,631 | 25,119 | 35,750
Charge for the year | 2,745 | 17,823 | 20,568
At 31 March 2026 | 13,376 | 42,942 | 56,318
Carrying amount
At 31 March 2026 | 8,344 | 53,469 | 61,813
At 31 March 2025 | 11,089 | 71,292 | 82,381

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 126,694 | 296,507
Prepayments | 14,373 | 18,199
Other debtors | 122,676 | 75,411
| 263,743 | 390,117

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 8 | 102,786 | 52,786
Trade creditors |  | 18,315 | 27,141
Taxation and social security |  | 79,742 | 208,773
Accruals and deferred income |  | 4,848 | 37,052
Other creditors |  | 262,755 | 475,612
|  | 468,446 | 801,364

Current loans and borrowings

| 2026 £ | 2025 £
HP and finance lease liabilities | 52,786 | 52,786
Other borrowings | 50,000 | -
| 102,786 | 52,786

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 8 | 20,730 | 43,829

Other borrowings

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 20,730 | 43,829

9 | Dividends

Interim dividends paid

|  | 2026 £ |  | 2025 £
Interim dividend of £366.72 (2025 - £1,236.22) per each Ordinary shares |  | 37,039 |  | 124,858

10 | Related party transactions

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Transactions with the director

Absolute Personnel Recruitment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Director's remuneration

The director's remuneration for the year was as follows:

| 2026 £ | 2025 £
Remuneration | 12,570 | 25,140