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Registration number: 05021771

Premier People Recruitment Limited
Annual Report and Financial Statements
for the Year Ended 31 December 2025

Premier People Recruitment Limited

Contents

Company Information | 1
Strategic Report | 2 to 3
Directors' Report | 4
Statement of Directors' Responsibilities | 6
Independent Auditor's Report | 7 to 11
Profit and Loss Account | 12
Statement of Comprehensive Income | 13
Balance Sheet | 14
Statement of Changes in Equity | 15
Statement of Cash Flows | 16
Notes to the Financial Statements | 17 to 31

Premier People Recruitment Limited

Company Information

Directors | Mr Christopher Roberts Miss Lauren Victoria Roberts

Company secretary | Miss Lauren Victoria Roberts

Registered office | 54 Oxford Road Denham, Uxbridge England UB9 4DN

Auditors | MG Audit Services Limited Chartered Accountants and Registered Auditors166 College Road Harrow Middlesex HA1 1BH

Premier People Recruitment Limited

Strategic Report for the Year Ended 31 December 2025

The directors present their strategic report for the year ended 31 December 2025.

Principal activity

The principal activity of the company is providing temporary and permanent placement of skilled personnel.

Fair review of the business

2025 has been the most significant year yet whereby the company has established itself as an integral part of our core clients’ success.
The Company has solidified its position amongst core clients by remaining the sole supplier and working closely with each client to develop, implement and maintain high calibre processes whilst delivering on all recruitment requirements.
A strong focus during 2025 for all staff has been improving awareness of and demonstrating high quality practices in line with ISO 9001.
This considered approach has ensured consistency across the business which in turn has improved productivity, efficiency and given the company the ability to embody a proactive outlook towards our colleagues, clients and candidates.
The company has also placed an emphasis on cross-training members of staff, as well as recognising staff members who have displayed outstanding potential, including promotions.
The result of these company-wide refinements is captured in the increase in turnover by 122% from 2024.
This upward trajectory is expected to continue into 2026 and at this point in time, the Directors do not anticipate any significant changes to the company’s activities in the next year.
The Balance Sheet of the financial statements shows the company's financial position at the year end with net current assets of £249,056 and net assets of £285,578.
The positive practices of 2025 have created a strong foundation for 2026 and have enabled us to meet increased demands thus far.

Premier People Recruitment Limited

Strategic Report for the Year Ended 31 December 2025

Principal risks and uncertainties

The principal risk to the business is a downturn in recruitment activity due to economic uncertainty.
The Directors implemented cost control measures and conducted regular cashflow/profit forecast reviews to ensure that the business was sustainable.
Recruitment activity is mostly driven by economic cycles and downturns can lead to a lower level of recruitment. However, our business is focused on niche markets within major infrastructure projects and our ability to supply a fully compliant transient workforce within this arena generates most of our sales, thereby mitigating expedited risk from competitors.
Trading with uninsured customers may give rise to bad debt; the Company operates a strict credit referencing policy and the outstanding debtors balance as of year ended 31 December 2025 is fully credit insured.

Summary and Position at end of Financial Period
The Board is satisfied with its performance in 2025 and looks forward to increased growth in 2026. The Company is in a stable financial position at the year end.
The Company will continue to invest in areas of long-term growth and the Board believes the Company is strongly positioned for the future.

Approved and authorised by the Board on 11 August 2026 and signed on its behalf by:

......................................... Mr Christopher Roberts Director

Premier People Recruitment Limited

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Christopher Roberts

Miss Lauren Victoria Roberts

Employment of disabled persons

The company is an equal opportunities employer and is proud of its diverse workforce. During the year the company has given equal consideration for positions applied for by disabled persons. Opportunities for training, career development and promotion do not operate to the detriment of disabled persons.

Employee involvement

The company is committed to employee involvement amongst its workforce and the company holds regular team meetings and consultations to ensure that employees are listened to and that appropriate action is taken to enhance employees experience where possible.

Environmental matters

The company takes its environmental responsibilities seriously and is trying to reduce its own carbon footprint as much as possible.

Exposure to price, credit, liquidity and cash flow risk
The company does not use derivatives to manage its financial risks. The most important component of financial risk are interest rate risk, currency risk, credit risk, liquidity risk, cash flow risk and price risk. Due to the nature of the company’s business and the assets and liabilities contained within the company’s balance sheet, the only financial risk the directors consider relevant to the company are:
Liquidity risk & cash flow risk
The company manages these risks by monitoring all of the company’s cash positions and reserves on daily basis to the satisfaction of the company’s stakeholders.

Reappointment of auditors

MG Audit Services Ltd were appointed auditors to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be reappointed as auditors of the company will be put to the annual general meeting.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Premier People Recruitment Limited

Approved and authorised by the Board on 11 August 2026 and signed on its behalf by:

......................................... Mr Christopher Roberts Director

Premier People Recruitment Limited

Statement of Directors' Responsibilities in respect of the Financial Statements

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Premier People Recruitment Limited

Independent Auditor's Report to the Members of Premier People Recruitment Limited

Opinion

We have audited the financial statements of Premier People Recruitment Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
• | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Premier People Recruitment Limited

Independent Auditor's Report to the Members of Premier People Recruitment Limited

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• | the information given in the strategic report and directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the strategic report and directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors' report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
• | the financial statements are not in agreement with the accounting records and returns; or
• | certain disclosures of directors' remuneration specified by law are not made; or
• | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 6, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors responsibilities for the audit of the financial statements

Premier People Recruitment Limited

Independent Auditor's Report to the Members of Premier People Recruitment Limited

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Premier People Recruitment Limited

Independent Auditor's Report to the Members of Premier People Recruitment Limited

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
(1) Enquiries of Management: This includes obtaining and reviewing supporting documentation regarding the company's policies and procedures related to:
Identifying, evaluating, and complying with laws and regulations, and determining whether management is aware of any instances of non-compliance.
Detecting and responding to fraud risks, and assessing whether they have knowledge of any actual, suspected, or alleged fraud.
The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations, including employment laws such as the Employment Rights Act 1996, the Equality Act 2010, and the Agency Workers Regulations 2010.
(2) Discussions among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and FRS 102.
As a result of these procedures, we considered the particular areas that were susceptible to misstatement due to fraud were in respect of revenue recognition and management override. Our procedures to respond to risks identified included the following:
(1) reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
(2) testing documents to ensure completeness of revenue;
(3) performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
(4) in addressing the risk of fraud through management override of controls, testing the appropriateness of any journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the normal course of the company's operations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Premier People Recruitment Limited

Independent Auditor's Report to the Members of Premier People Recruitment Limited

Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Mr Gavin Fernandes FCA (Senior Statutory Auditor)
For and on behalf of MG Audit Services Limited, Statutory Auditor
166 College Road
Harrow
Middlesex
HA1 1BH

17 August 2026

Premier People Recruitment Limited

Profit and Loss Account for the Year Ended 31 December 2025

| Note | 2025 £ | 2024 £
Turnover | 4 | 79,947,909 | 35,462,941
Cost of sales |  | (73,917,842) | (32,570,569)
Gross profit |  | 6,030,067 | 2,892,372
Administrative expenses |  | (5,446,956) | (2,175,187)
Other operating income |  | 149,973 | 641,316
Operating profit | 5 | 733,084 | 1,358,501
Other interest receivable and similar income | 6 | 100,998 | 50,205
Interest payable and similar expenses | 7 | (539,552) | (896,600)
|  | (438,554) | (846,395)
Profit before tax |  | 294,530 | 512,106
Tax expense on profit | 11 | (104,233) | (125,618)
Profit for the financial year |  | 190,297 | 386,488

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Premier People Recruitment Limited

Statement of Comprehensive Income for the Year Ended 31 December 2025

| 2025 £ | 2024 £
Profit for the year | 190,297 | 386,488
Total comprehensive income for the year | 190,297 | 386,488

Premier People Recruitment Limited

(Registration number: 05021771)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 12 | 3,075 | 3,975
Tangible assets | 13 | 41,020 | 35,981
Debtors | 14 | - | 77,226
|  | 44,095 | 117,182
Current assets |  |  |
Debtors | 14 | 4,534,642 | 10,198,021
Cash at bank and in hand | 15 | 1,220,701 | 1,293,850
|  | 5,755,343 | 11,491,871
Creditors: Amounts falling due within one year | 16 | (5,505,382) | (11,248,620)
Net current assets |  | 249,961 | 243,251
Total assets less current liabilities |  | 294,056 | 360,433
Creditors: Amounts falling due after more than one year | 16 | - | (265,152)
Provisions for liabilities | 17 | (8,478) | -
Net assets |  | 285,578 | 95,281
Capital and reserves |  |  |
Called up share capital |  | 564 | 564
Retained earnings |  | 285,014 | 94,717
Shareholders' funds |  | 285,578 | 95,281

Approved and authorised by the Board on 11 August 2026 and signed on its behalf by:

......................................... Mr Christopher Roberts Director

Premier People Recruitment Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

| Share capital £ | Retained earnings £ | Total £
At 1 January 2025 | 564 | 94,717 | 95,281
Profit for the year | - | 190,297 | 190,297
At 31 December 2025 | 564 | 285,014 | 285,578

| Share capital £ | Retained earnings £ | Total £
At 1 January 2024 | 564 | (291,771) | (291,207)
Profit for the year | - | 386,488 | 386,488
At 31 December 2024 | 564 | 94,717 | 95,281

Premier People Recruitment Limited

Statement of Cash Flows for the Year Ended 31 December 2025

| Note | 2025 £ | 2024 £
Cash flows from operating activities
Profit for the year |  | 190,297 | 386,488
Adjustments to cash flows from non-cash items |  |  |
Depreciation, amortisation and impairment | 5 | 17,935 | 10,992
Loss on disposal of tangible assets |  | 1,731 | -
Finance income | 6 | (100,998) | (50,205)
Finance costs | 7 | 539,552 | 896,600
Deferred tax charge | 11 | 104,233 | 125,618
|  | 752,750 | 1,369,493
Working capital adjustments |  |  |
Decrease/(increase) in debtors | 14 | 5,663,379 | (3,234,951)
Increase in creditors | 16 | 1,801,027 | 822,188
Cash generated from operations |  | 8,217,156 | (1,043,270)
Income taxes paid | 11 | - | (112,070)
Net cash (used)/ from operating activities |  | 8,217,156 | (1,155,340)
Cash flows from investing activities |  |  |
Interest received | 6 | 100,998 | 50,205
Proceeds from sale of subsidiaries |  | - | -
Acquisitions of tangible assets |  | (23,805) | (34,360)
Acquisition of intangible assets | 12 | - | (1,500)
Net cash flows from investing activities |  | 77,193 | 14,345
Cash flows from financing activities |  |  |
Interest paid | 7 | (539,552) | (896,600)
Repayment of bank borrowing |  | (392,425) | (127,271)
Net cash used in financing activities |  | (931,977) | (1,023,871)
Net increase/(decrease) in cash and cash equivalents |  | 7,362,372 | (2,164,866)
Cash and cash equivalents at 1 January |  | (6,141,671) | (3,976,805)
Cash and cash equivalents at 31 December |  | 1,220,701 | (6,141,671)

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

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

The address of its registered office is:
54 Oxford Road
Denham, Uxbridge
UB9 4DN
England

2 | Accounting policies

Summary of significant accounting policies

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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 directors have confirmed that the shareholders and connected company have pledged continuing support as necessary and will not be seeking repayment of any debts due to them in the coming year. The company has adequate banking facilities in place to fund future growth and the directors consider it appropriate to prepare the financial statements 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.

Tax

The tax expense for the period comprises current and deferred 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.

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Plant and machinery | 25% straight line basis
Fixtures and fittings | Over the life of lease
Office equipment | 25% straight line basis

Intangible assets

Intangible assets are initially measured at cost and subsequently amortised on a straight-line basis over their estimated useful lives. Intangible assets are reviewed for indicators of impairment at each reporting date and impaired if necessary. Where indicators of impairment exist, the asset is tested, and any impairment loss is recognised. Where conditions improve and the recoverable amount increases, previous impairments may be reversed, but not beyond the carrying amount that would have been determined had no impairment been recognised. Development costs are capitalised where recognition criteria under FRS 102 are met. Otherwise, they are expensed as incurred.

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
Internally generated software development cost | 20% straight line basis

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.

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

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.

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Financial instruments

Recognition and measurement
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets measured at amortised cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contact.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

3 | Critical accounting judgements and Key sources of estimation uncertainty

In the application of the company’s accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Critical judgements in applying the company’s accounting policies
The following are the critical judgements, apart from those involving estimations (which are dealt with separately below), that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised effect on the amounts recognised in the financial statements.
(1) Critical judgements in applying the Company’s accounting policies
Intangible assets - development cost capitalisation
Assessing whether assets meet the required criteria for initial capitalization requires judgement. This requires an assessment of the expected future benefits from the projects to be capitalized, technical feasibility and commercial viability. In particular, internally generated intangible assets must be assessed during the development phase to identify whether the company has the ability and intention to complete the development successfully.
Determining the costs of assets to be capitalized also requires judgement. Specifically, judgement and estimation is required in determining the directly attributable costs to be allocated to the asset to enable the asset to be capable of operating in the manner intended by management.
Intangible assets - Useful life
The useful life by management at the time the asset is bought into its intended use and is regularly reviewed for appropriateness. The useful life represents management’s view of the expected period over which the company will receive benefits.
Recognition of a deferred tax asset
The company has accumulated unutilised tax losses (please refer to Note 14 for more detail). Deferred tax assets are recognized to the extent that it is probable that there are sufficient suitable deferred tax liabilities or future taxable profits will be available against which deductible temporary differences can be utilised. The key area of judgement in respect of deferred tax accounting is the assessment of the expected timing and manner of realization or settlement of the carrying amounts of assets and liabilities held at the reporting date. In particular, assessment is required of whether it is probable that there will be suitable future taxable profits against which any deferred tax assets can be utilised. The company reviews this assessment on an annual basis.

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

(2) Key accounting estimates and assumptions - the directors do not consider there to be any key accounting estimates and assumptions that require further analysis.

4 | Turnover

The analysis of the company's revenue for the year from continuing operations is as follows:

| 2025 £ | 2024 £
Rendering of services | 79,947,909 | 35,462,941

5 | Operating profit

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 17,035 | 13,467
Amortisation expense | 900 | 525
Impairment reversal | - | (3,000)
Loss on disposal of property, plant and equipment | 1,731 | -
| 19,666 | 10,992

6 | Other interest receivable and similar income

| 2025 £ | 2024 £
Interest income on bank deposits | 100,849 | 33,459
Other finance income | 149 | 16,746
| 100,998 | 50,205

7 | Interest payable and similar expenses

| 2025 £ | 2024 £
Interest on bank overdrafts and borrowings | 513,647 | 854,906
Interest expense on other finance liabilities | 25,905 | 41,694
| 539,552 | 896,600

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

8 | Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

| 2025 £ | 2024 £
Wages and salaries | 2,638,121 | 2,229,284
Social security costs | 279,620 | 226,115
Other short-term employee benefits | 11,621 | 12,474
Pension costs, defined contribution scheme | 27,901 | 18,417
Other employee expense | 9,275 | 3,757
| 2,966,538 | 2,490,047

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

| 2025 No. | 2024 No.
Administration and support | 7 | 9
Sales | 7 | 7
Temporary workers (external) | 168 | 183
| 182 | 199

9 | Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | - | 435,930
Contributions paid to money purchase schemes | - | 1,761
| - | 437,691

In respect of the highest paid director:

| 2025 £ | 2024 £
Remuneration | - | 231,930

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

10 | Auditors' remuneration

| 2025 £ | 2024 £
Audit of the financial statements | 24,680 | 20,770

11 | Taxation

Tax charged in the profit and loss account

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 18,529 | -
Deferred taxation |  |
Arising from origination and reversal of timing differences | 85,704 | 125,618
Deferred tax movement in the income statement | 104,233 | 125,618

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of 25% (2024 - 25%).
The differences are reconciled below:

| 2025 £ | 2024 £
Profit before tax | 294,530 | 512,106
Corporation tax at standard rate | 73,633 | 128,027
Tax decrease from effect of capital allowances and depreciation | (1,858) | (6,319)
Decrease from effect of different UK tax rates on some earnings | (131) | -
Effect of expense not deductible in determining taxable profit (tax loss) | 24,111 | 883
Effect of tax losses | (77,226) | (122,591)
Deferred tax expense from unrecognised tax loss or credit | 85,704 | 125,618
Total tax charge | 104,233 | 125,618

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

12 | Intangible assets

| Internally generated software development costs £ | Total £
Cost
At 1 January 2025 | 4,500 | 4,500
At 31 December 2025 | 4,500 | 4,500
Accumulated amortisation and impairment
At 1 January 2025 | 525 | 525
Amortisation charge | 900 | 900
At 31 December 2025 | 1,425 | 1,425
Carrying amount
At 31 December 2025 | 3,075 | 3,075
At 31 December 2024 | 3,975 | 3,975

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

13 | Tangible assets

| Fixtures and fittings £ | Office equipment £ | Plant and machinery £ | Total £
Cost
At 1 January 2025 | 17,589 | 75,087 | 103,549 | 196,225
Additions | 351 | 23,454 | - | 23,805
Disposals | (11,000) | (39,359) | (103,549) | (153,908)
At 31 December 2025 | 6,940 | 59,182 | - | 66,122
Accumulated depreciation
At 1 January 2025 | 12,871 | 43,824 | 103,549 | 160,244
Charge for the year | 1,608 | 15,427 | - | 17,035
Eliminated on disposal | (11,000) | (37,628) | (103,549) | (152,177)
At 31 December 2025 | 3,479 | 21,623 | - | 25,102
Carrying amount
At 31 December 2025 | 3,461 | 37,559 | - | 41,020
At 31 December 2024 | 4,718 | 31,263 | - | 35,981

14 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 239,076 | 8,680,302
Amounts owed by related parties | 23 | 547,885 | 15,760
Other debtors |  | - | 145,224
Prepayments |  | 16,809 | 98,333
Accrued income |  | 3,730,872 | 1,258,402
|  | 4,534,642 | 10,198,021

Non-current | Note | 2025 £ | 2024 £
Deferred tax assets | 11 | - | 77,226
|  | - | 77,226

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

The deferred tax asset on tax losses carried forward relates to trading losses that arose in a prior period which are expected to be utilised against future taxable profits.
The directors are satisfied that it is probable that sufficient future taxable profits will be generated to recover this asset, based on current forecasts and recent trading performance
Deferred tax has been calculated at 25% (2024: 25%), being the rate of corporation tax substantively enacted at the balance sheet date and expected to apply when the timing differences reverse.

15 | Cash and cash equivalents

| 2025 £ | 2024 £
Cash on hand | 44 | 71
Cash at bank | 5,407 | 168,779
Short-term deposits | 1,215,250 | 1,125,000
| 1,220,701 | 1,293,850
Bank overdrafts | - | (7,435,521)
Cash and cash equivalents in statement of cash flows | 1,220,701 | (6,141,671)

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

16 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 18 | - | 7,562,794
Trade creditors |  | 2,023,510 | 2,315,325
Social security and other taxes |  | 150,142 | 158,996
Outstanding defined contribution pension costs |  | 4,089 | 4,561
Other payables |  | 4,948 | 4,866
Accrued expenses |  | 3,322,693 | 1,202,078
|  | 5,505,382 | 11,248,620
Due after one year |  |  |
Loans and borrowings | 18 | - | 265,152

17 | Provisions for liabilities

| Deferred tax £ | Total £
Current year provision | 8,478 | 8,478
At 31 December 2025 | 8,478 | 8,478

The principal deferred tax liability arises on accelerated capital allowances, where the tax written down value of fixed assets are lower than the corresponding net book value, primarily due to the company claiming Annual Investment Allowance in excess of accounting depreciation.
Deferred tax liability has been calculated at 25%, being the rate of corporation tax substantively enacted at the balance sheet date and expected to apply when the timing differences reverse.

18 | Loans and borrowings

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | - | 265,152

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | - | 127,273
Bank overdrafts | - | 7,435,521
| - | 7,562,794

Bank loans of £392,425 and a bank overdraft of £7,435,521 were outstanding at the prior year end.
These facilities were fully repaid during the year and all related interest and charges have been settled in full.
At the balance sheet date, there were no loans or overdrafts outstanding and no charges over the company's assets.

19 | Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension charge for the year represents contributions payable by the company to the scheme and amounted to £27,901 (2024 - £18,417).
Contributions totalling £4,089 (2024 - £4,561) were payable to the scheme at the end of the year and are included in creditors.

20 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 564 | 564 | 564 | 564

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

21 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 80,000 | 80,000
Later than one year and not later than five years | 117,896 | 197,896
| 197,896 | 277,896

The amount of non-cancellable operating lease payments recognised as an expense during the year was £80,000 (2024 - £80,000).

22 | Financial instruments

Categorisation of financial instruments

| 2025 £ | 2024 £
Financial assets that are debt instruments measured at amortised cost | 5,738,534 | 11,393,538
Financial liabilities measured at amortised cost | (5,355,240) | (10,152,698)

Financial assets measured at amortised cost include trade debtors, other debtors, accrued income, amounts due from related parties (see note 14), and cash (see note 15).
Financial liabilities measured at amortised cost consist of trade creditors, other payables, pensions liability, amounts owed to related parties, loans and borrowings (see note 16), and bank borrowings (see note 18).

Items of income, expense, gains or losses

The total interest expense for financial liabilities not measured at fair value through profit or loss amounted to £539,552 (2024: £896,600).
During the period, the Company utilised an Invoice Discounting facility provided by Sonovate.
The average rate of interest for the year ended 31 December 2025 was 1.65% per annum, resulting in a total charge of £513,647 (2024: £854,906).
The Company ceased using the Sonovate Invoice Discounting facility on 25 May 2025 and has not entered into any alternative discounting arrangement since that date.

Premier People Recruitment Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

23 | Related party transactions

Other related party transactions
Throughout the year, the company conducted the following transactions with related parties:
Companies under common control
At the balance sheet date, the company was owed £547,885 from companies under common control, compared to £4,379 owed to those companies in 2024.
Directors
During the year, the directors repaid an unsecured loan of £11,381 to the company.
An annual interest rate of 3.75% was applied to these director loans.
At the balance sheet date, the directors owed the company £nil, compared to £11,381 in 2024.