REGISTERED NUMBER: 01419017 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HANDLE RECRUITMENT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P Tafler

S Walker

REGISTERED OFFICE:

Ink Rooms Unit 3.01

25 -37 Easton Street

London

WC1X 0DS

REGISTERED NUMBER:

01419017 (England and Wales)

ACCOUNTANTS:

mgr Weston Kay LLP

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

BANKERS:

Barclays Bank Plc

9 Portman Square

London

W1A 3AL

FIXED ASSETS

Tangible assets

4

66,030

119,231

CURRENT ASSETS

Debtors

5

1,479,402

1,402,172

Cash at bank

587,242

805,198

2,066,644

2,207,370

CREDITORS

Amounts falling due within one year

6

(1,349,603

)

(1,129,606

)

NET CURRENT ASSETS

717,041

1,077,764

TOTAL ASSETS LESS CURRENT LIABILITIES

783,071

1,196,995

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Retained earnings

773,071

1,186,995

SHAREHOLDERS' FUNDS

783,071

1,196,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 11 August 2026 and were signed on its behalf by:

S Walker - Director

1.	STATUTORY INFORMATION

Handle Recruitment 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 arising from the placement of permanent candidates is recognised at the time the candidate commences full time employment. Turnover arising from temporary placements is recognised over the period that temporary staff are provided.

Tangible fixed assets

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

Short leasehold

-

evenly over the period of the lease

Fixtures and fittings

-

12.5% on cost

Computer equipment

-

25% & 33% on cost

Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

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 current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 46 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

235,641

108,924

539,657

884,222

Additions

-

-

13,670

13,670

At 31 December 2025

235,641

108,924

553,327

897,892

DEPRECIATION

At 1 January 2025

195,788

86,903

482,300

764,991

Charge for year

25,101

6,337

35,433

66,871

At 31 December 2025

220,889

93,240

517,733

831,862

NET BOOK VALUE

At 31 December 2025

14,752

15,684

35,594

66,030

At 31 December 2024

39,853

22,021

57,357

119,231

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,128,706

1,109,817

Other debtors

350,696

292,355

1,479,402

1,402,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

201,150

152,225

Taxation and social security

517,762

501,180

Other creditors

630,691

476,201

1,349,603

1,129,606

7.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Within one year

276,482

275,917

Between one and five years

23,510

299,991

299,992

575,908

8.	DEFERRED TAX

£

Balance at 1 January 2025

(65,611

)

Credit to Income Statement during year

(12,372

)

Balance at 31 December 2025

(77,983

)

The deferred tax liability set out above is expected to reverse within 5 years and relates to accelerated capital allowances and taxable losses that are expected to mature within the same period.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

250,001

Ordinary A share

£0.01

2,500

2,500

499,999

Ordinary B share

£0.01

5,000

5,000

250,000

Ordinary C share

£0.01

2,500

2,500

10,000

10,000

10.	RETIREMENT BENEFIT SCHEMES

31.12.25

31.12.24

Defined contribution schemes

£

£

Charge to profit or loss in respect of defined contribution schemes

119,316

215,598

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances of £78,342 (2024: £31,124) to the directors of the company. The directors made payments of £30,703 (2024: £320,000) to the company during the year. The directors received dividends of £nil (2024: £320,000) in the year. At the year end the directors owed £28,953 to the company (2024: the directors were owed £18,686 by the company).

During the year the company paid salaries totalling £30,000 (2024: £30,000) to family members of the directors.

12.	RELATED PARTY TRANSACTIONS

The directors have a material interest in Handle Payroll Solutions Limited.

During the year, the company received a management charge for services carried out on behalf of Handle Payroll Solutions Limited of £231,952 (2024: £240,000). During the year, the company recognised interest payable of £39,156 (2024: £nil) on the loan from Handle Payroll Solutions Limited. At the year end, an amount of £274,685.14 (2024: £138,466) is included in other creditors as being owed to Handle Payroll Solutions Limited.

13.	CONTROLLING PARTY

The ultimate controlling party is S Walker by virtue of her shareholding in the company.