ACCOUNTS - Final Accounts preparation

An analysis of turnover by class of business is as follows:

Registered number: 03807344

PROACTIVE PERSONNEL LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


PROACTIVE PERSONNEL LIMITED

COMPANY INFORMATION

Directors	JM Glews
	L Glews
	D Gordon
	PA Knight


Company secretary	R Rumble


Registered number	03807344


Registered office	Proactive House
	Hadley Park East
	Hadley
	Telford
	Shropshire
	TF1 6QJ


Independent auditors	WR Partners
	Chartered Accountants & Statutory Auditors
	Belmont House
	Shrewsbury Business Park
	Shrewsbury
	Shropshire
	SY2 6LG


Bankers	HSBC Bank Plc
	130 New Street
	Birmingham
	B2 4JU


PROACTIVE PERSONNEL LIMITED

CONTENTS

	Page
Group strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 7
Consolidated statement of comprehensive income	8
Consolidated balance sheet	9 - 10
Company balance sheet	11 - 12
Consolidated statement of changes in equity	13 - 14
Company statement of changes in equity	15 - 16
Consolidated statement of cash flows	17 - 18
Notes to the financial statements	19 - 41


PROACTIVE PERSONNEL LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Introduction

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

Review of business

The principal activity of the group during the year was that of a recruitment and employment agency. Turnover in the year increased by 15% to £42.6m, supported by higher activity levels and an increase in average operational staff from 952 to 1,272. However, gross margin reduced from 20.1% to 16.6% as employment and associated costs increased faster than revenue. Consequently, operating profit decreased from £843,822 to £376,446 and the Group recorded a profit after taxation of £278,339.

Principal risks and uncertainties

There are risks and uncertainties which could impact on the group's performance in the longer term. The board of directors have carried out a risk assessment to identify, manage and mitigate business risk.

Engagement with employees

The group's policy is to consult and discuss with employees, via one to one and group meetings, matters likely to affect employee interests. Information of matters of concern to employees is given through, newsletters, bulletins and reports which seek to achieve a common awareness of all employees of the financial and economic factors affecting the group's performance.

Engagement with suppliers, customers and others

The group considers it good practice to have close communication with major customers and suppliers at all times to forge better working relationships, as a group the directors have always prided themselves on customer service levels above and beyond that of the competitors.

The group agrees terms and conditions for its business transactions with suppliers before orders are placed. Payments are then made in accordance with these obligations.

As a group we believe it is important to pay our suppliers promptly and on time for the service they provide.

Future developments

Profit and turnover for the first half of 2026 have been encouraging and indications are that these will continue to
be built on during the remainder of the year. The Group continues to have a good close working relationship with
its bankers.

This report was approved by the board and signed on its behalf.

JM Glews

Director

Date: 7 September 2026

Page 1


PROACTIVE PERSONNEL 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' responsibilities statement

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation and minority interests, amounted to £263,480 (2024 - £550,863).

The total distributions of dividends for the year ended 31 December 2025 were £600,000 (2024: £206,000).

The directors recommend that no final dividend be paid.

Directors

The directors who served during the year were:

JM Glews

L Glews

D Gordon

PA Knight

Future developments

The group is well positioned to enjoy further profitable growth. The directors expect the group to continue to grow as market conditions improve.

Employee involvement

The group consults with employees on matters that are of concern to them on a regular basis.

Page 2


PROACTIVE PERSONNEL LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Engagement with suppliers, customers and others

The group considers it good practice to have close communication with major customers and suppliers at all times to forge better working relationships, as a group the directors have always prided themselves on customer service levels above and beyond that of the competitors. The group agrees terms and conditions for its business transactions with suppliers before orders are placed. Payments are then made in accordance with these obligations.

Employment of disabled persons

The group is committed to providing equal opportunities to all employees, irrespective of disability. Full and fair consideration is given to applications for employment made by disabled persons having regard to their particular aptitudes and abilities. Appropriate training is arranged for disabled persons, including retraining for alternative work of employees who become disabled, to promote their career development within the organisation.

Disclosure in the strategic report

The Strategic Report of the group is set out on pages 1 and 2 of the financial statements.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Auditors

The auditors, WR Partners, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

JM Glews

Director

Date: 7 September 2026

Page 3


PROACTIVE PERSONNEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PROACTIVE PERSONNEL LIMITED

Opinion

We have audited the financial statements of Proactive Personnel Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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 Group's and of the Parent Company's affairs as at 31 December 2025 and of the Group's 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 directors' 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 Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are 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.

Page 4


PROACTIVE PERSONNEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PROACTIVE PERSONNEL LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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 matters 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 Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group strategic report and the 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 the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.

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

∙adequate accounting records have not been kept by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the Parent Company 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.

Page 5


PROACTIVE PERSONNEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PROACTIVE PERSONNEL LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, 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 Group's and the Parent 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 Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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 Auditors' 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 Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit team obtained an understanding of the legal and regulatory frameworks that are applicable to the
Company and the Group and determined that the most significant are those that relate to the reporting framework (FRS 102 and the Companies Act 2006), the relevant tax compliance regulations, employment law, Health and Safety Regulations and the UK General Data Protection Regulation (GDPR).

We understood how the Company and the Group is complying with these frameworks by making enquiries of management and those responsible for legal and compliance procedures. We also reviewed board minutes to identify any recorded instances of irregularity or non-compliance that might have a material impact on the financial statements.

We assessed the susceptibility of the Company and Group's financial statements to material misstatement, including how fraud might occur by meeting with key management to understand where they considered there was susceptibility to fraud. Based on our understanding, our procedures involved enquiries of management and those charged with governance, manual journal entry testing, cashbook reviews for large and unusual items and the challenge of significant accounting estimates used in preparing the financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 6


PROACTIVE PERSONNEL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PROACTIVE PERSONNEL LIMITED (CONTINUED)

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 Auditors' 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.

John Fletcher BA(Hons) FCA (Senior statutory auditor)

for and on behalf of

WR Partners

Chartered Accountants

Statutory Auditors

Belmont House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

8 September 2026

Page 7


PROACTIVE PERSONNEL LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Turnover	4	42,628,076	37,067,777
Cost of sales		(35,566,133)	(29,633,299)
Gross profit		7,061,943	7,434,478
Administrative expenses		(6,435,376)	(6,284,972)
Other operating income	5	49,566	14,942
Operating profit	6	676,133	1,164,448
Interest receivable and similar income		-	1,318
Interest payable and similar expenses	11	(299,687)	(321,944)
Profit before taxation		376,446	843,822
Tax on profit	12	(98,107)	(230,972)
Profit for the financial year		278,339	612,850


Total comprehensive income for the year		278,339	612,850

Profit for the year attributable to:
Non-controlling interests	14,859	61,987
Owners of the Parent Company	263,480	550,863
	278,339	612,850

Total comprehensive income for the year attributable to:
Non-controlling interest	14,859	61,987
Owners of the Parent Company	263,480	550,863
	278,339	612,850

The notes on pages 19 to 41 form part of these financial statements.

Page 8


PROACTIVE PERSONNEL LIMITED REGISTERED NUMBER:03807344

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	14		60,721		75,921
Tangible assets	15		1,222,477		1,248,994
			1,283,198		1,324,915
Current assets
Debtors: amounts falling due within one year	17	9,541,267		9,860,982
Cash at bank and in hand	18	337,465		18,662
		9,878,732		9,879,644
Creditors: amounts falling due within one year	19	(8,226,872)		(7,886,394)
Net current assets			1,651,860		1,993,250
Total assets less current liabilities			2,935,058		3,318,165
Creditors: amounts falling due after more than one year	20		(323,864)		(385,661)
Provisions for liabilities
Deferred taxation	22	(65,813)		(65,462)
			(65,813)		(65,462)
Net assets			2,545,381		2,867,042

Page 9


PROACTIVE PERSONNEL LIMITED REGISTERED NUMBER:03807344

CONSOLIDATED BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Capital and reserves
Called up share capital	23	100	100
Share premium account	24	84,978	84,978
Retained earnings	24	2,258,644	2,595,164
Equity attributable to owners of the Parent Company		2,343,722	2,680,242
Non-controlling interests		201,659	186,800
		2,545,381	2,867,042

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

JM Glews

Director

Date: 7 September 2026

The notes on pages 19 to 41 form part of these financial statements.

Page 10


PROACTIVE PERSONNEL LIMITED REGISTERED NUMBER:03807344

COMPANY BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	14		60,721		75,921
Tangible assets	15		1,200,638		1,216,247
Investments	16		73		73
			1,261,432		1,292,241
Current assets
Debtors: amounts falling due within one year	17	8,311,416		8,526,194
Cash at bank and in hand	18	246,658		10,920
		8,558,074		8,537,114
Creditors: amounts falling due within one year	19	(7,776,865)		(7,351,048)
Net current assets			781,209		1,186,066
Total assets less current liabilities			2,042,641		2,478,307

Creditors: amounts falling due after more than one year	20		(323,864)		(385,661)
Provisions for liabilities
Deferred taxation	22	(61,514)		(58,688)
			(61,514)		(58,688)
Net assets			1,657,263		2,033,958

Page 11


PROACTIVE PERSONNEL LIMITED REGISTERED NUMBER:03807344

COMPANY BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

	2025	2024
Note	£	£

Capital and reserves
Called up share capital	23	100	100
Share premium account	24	63,000	63,000
Retained earnings	24	1,594,163	1,970,858
		1,657,263	2,033,958

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

JM Glews

Director

Date: 7 September 2026

The notes on pages 19 to 41 form part of these financial statements.

Page 12

		PROACTIVE PERSONNEL LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Share premium account	Retained earnings	Equity attributable to owners of Parent Company	Non-controlling interests	Total equity
	£	£	£	£	£	£
At 1 January 2025	100	84,978	2,595,164	2,680,242	186,800	2,867,042
Comprehensive income for the year
Profit for the year	-	-	263,480	263,480	14,859	278,339
Total comprehensive income for the year	-	-	263,480	263,480	14,859	278,339
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(600,000)	(600,000)	-	(600,000)
Total transactions with owners	-	-	(600,000)	(600,000)	-	(600,000)
At 31 December 2025	100	84,978	2,258,644	2,343,722	201,659	2,545,381

The notes on pages 19 to 41 form part of these financial statements.

Page 13

		PROACTIVE PERSONNEL LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Share premium account	Retained earnings	Total	Non-controlling interests	Total equity
	£	£	£	£	£	£
At 1 January 2024	100	84,978	2,250,301	2,335,379	124,813	2,460,192
Comprehensive income for the year
Profit for the year	-	-	550,863	550,863	61,987	612,850
Total comprehensive income for the year	-	-	550,863	550,863	61,987	612,850
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(206,000)	(206,000)	-	(206,000)
Total transactions with owners	-	-	(206,000)	(206,000)	-	(206,000)
At 31 December 2024	100	84,978	2,595,164	2,680,242	186,800	2,867,042

The notes on pages 19 to 41 form part of these financial statements.

Page 14


PROACTIVE PERSONNEL LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Share premium account	Retained earnings	Total equity
	£	£	£	£
At 1 January 2025	100	63,000	1,970,858	2,033,958
Comprehensive income for the year
Profit for the year	-	-	223,305	223,305
Total comprehensive income for the year	-	-	223,305	223,305
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(600,000)	(600,000)
Total transactions with owners	-	-	(600,000)	(600,000)
At 31 December 2025	100	63,000	1,594,163	1,657,263

The notes on pages 19 to 41 form part of these financial statements.

Page 15


PROACTIVE PERSONNEL LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	100	63,000	1,793,589	1,856,689
Comprehensive income for the year
Profit for the year	-	-	383,269	383,269
Total comprehensive income for the year	-	-	383,269	383,269
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(206,000)	(206,000)
Total transactions with owners	-	-	(206,000)	(206,000)
At 31 December 2024	100	63,000	1,970,858	2,033,958

The notes on pages 19 to 41 form part of these financial statements.

Page 16


PROACTIVE PERSONNEL LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	278,339	612,850
Adjustments for:
Amortisation of intangible assets	18,700	20,349
Depreciation of tangible assets	71,008	76,189
Loss on disposal of tangible assets	3,155	9,936
Interest paid	299,687	321,944
Interest received	-	(1,318)
Taxation charge	98,107	230,972
Decrease/(increase) in debtors	310,073	(1,127,584)
Increase in creditors	24,178	470,148
Corporation tax (paid)	(222,518)	(124,997)
Net cash generated from operating activities	880,729	488,489

Cash flows from investing activities
Purchase of intangible fixed assets	(3,500)	(4,800)
Purchase of tangible fixed assets	(47,646)	(6,245)
Sale of tangible fixed assets	-	245
Interest received	-	1,318
Net cash from investing activities	(51,146)	(9,482)

Page 17


PROACTIVE PERSONNEL LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

		2025	2024
		£	£


Cash flows from financing activities
Repayment of loans	(68,489)	(144,001)
Dividends paid	(600,000)	(206,000)
Interest paid	(299,687)	(321,944)
Amounts introduced by directors	934,629	25,864
Amounts withdrawn by directors	(933,648)	(204,785)
Loans (to)/from group undertakings	9,642	(233,218)
Net cash used in financing activities	(957,553)	(1,084,084)
Net (decrease) in cash and cash equivalents	(127,970)	(605,077)
Cash and cash equivalents at beginning of year	(4,544,333)	(3,939,256)
Cash and cash equivalents at the end of year	(4,672,303)	(4,544,333)

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	337,465	18,662
Bank overdrafts	(5,009,768)	(4,562,995)
	(4,672,303)	(4,544,333)

Page 18


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Proactive Personnel 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

2.3

Financial Reporting Standard 102- reduced disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) No cash flow statement has been presented for the company
(b) Disclosures in respect of financial instruments have not been presented
(c) No disclosure has been given for the aggregate remuneration of key management personnel.

Page 19


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Group will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Consolidated statement of comprehensive income in the same period as the related expenditure.

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 20


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.10

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 21


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.12

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Computer software

years

2.13

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-		not depreciated
Short-term leasehold property	-	10%	on cost and Straight line over the life of the lease
Fixtures and fittings	-	10%	on cost
Computer equipment	-	10%	on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Depreciation is not charged on the freehold property as the residual value is considered to be in excess of the carrying value.

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 22


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.17

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.19

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Group's Balance sheet when the Group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 23


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.19

Financial instruments (continued)

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

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 Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 24


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.19

Financial instruments (continued)

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.

2.20

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.

Page 25


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historic experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material misstatement to the carrying amounts of assets and liabilities are addressed below:

Recoverability of trade debtors
The recoverability of trade debtors is a key accounting estimate requiring management judgement. The carrying amount of trade debtors is reviewed at each reporting date to assess whether there is objective evidence that amounts due may not be recoverable. In determining the expected recoverable amount, management considers the age of outstanding balances, historical collection experience, the financial position of individual customers, subsequent receipts after the reporting date and any known disputes or other relevant factors. Where there is evidence that amounts may not be fully recoverable, an impairment provision is recognised. Actual amounts ultimately collected may differ from those estimated, and any differences are recognised in profit or loss in the period in which they become known.

Recruitment and employment agency services	42,628,076	37,067,777
	42,628,076	37,067,777

All turnover arose within the United Kingdom.

5.	Other operating income
		2025	2024
		£	£

Government grants receivable	47,547	14,942
Interest on overpayment of taxation	2,019	-
	49,566	14,942

Page 26


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

	Other operating leases	224,320	212,556
	Loss/(profit) on disposal of fixed assets	3,155	9,936

Fees payable to the Company's auditors for the audit of the consolidated and Parent Company's financial statements

21,200

18,860

Page 27


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Employees
	Staff costs, including directors' remuneration, were as follows:

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Wages and salaries	31,989,232	28,204,620	26,790,084	23,365,789
Social security costs	3,406,586	2,423,632	2,823,104	2,027,055
Cost of defined contribution scheme	372,550	330,726	320,340	278,830
	35,768,368	30,958,978	29,933,528	25,671,674

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Administrative staff	85	98
Operational staff	1,272	952

	1,357	1,050

Operational employees are retained under a contract for services and are used in the daily operation of the company as a recruitment and employment agency.

Key Management Personnel
During the year, key management personnel, including the directors, received remuneration including employer pension contributions totalling £1,151,632 (2024: £1,063,271).

9.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	728,973	626,491
Group contributions to defined contribution pension schemes	19,340	13,249
	748,313	639,740

	During the year retirement benefits were accruing to 4 directors (2024 - 4) in respect of defined contribution pension schemes.
	The highest paid director received remuneration of £232,619 (2024 - £236,501).

Page 28


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10.	Interest receivable
		2025	2024
		£	£

	Other interest receivable	-	1,318
		-	1,318

11.	Interest payable and similar expenses
		2025	2024
		£	£

Bank loan interest	299,687	292,169
Mortgage interest	-	29,775
	299,687	321,944

Corporation tax
Current tax on profits for the year	97,756	252,542
Adjustments in respect of previous periods	-	(496)
	97,756	252,046

Total current tax	97,756	252,046

Deferred tax
Origination and reversal of timing differences	351	(21,074)
Total deferred tax	351	(21,074)


	Tax on profit	98,107	230,972

Page 29


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

12.Taxation (continued)

Profit on ordinary activities before tax

376,446

843,822

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	94,112	210,956
Effects of:
Expenses not deductible for tax purposes	11,872	17,596
Depreciation in excess of capital allowances	2,305	6,091
Taxation adjustment in respect of the previous period	-	(496)
Income not taxable	(8,556)	(1,075)
Group relief	(1,038)	(2,100)
Marginal relief	(588)	-
Total tax charge for the year	98,107	230,972

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

13.	Dividends
		2025	2024
		£	£

	Ordinary shares of £1 each- interim dividends	600,000	206,000
		600,000	206,000

Page 30


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

14.	Intangible assets
	Group

		Computer software
		£
	Cost
	At 1 January 2025	263,065
	Additions	3,500
	Disposals	(600)
	At 31 December 2025	265,965
	Amortisation
	At 1 January 2025	187,144
	Charge for the year on owned assets	18,700
	On disposals	(600)
	At 31 December 2025	205,244
	Net book value
	At 31 December 2025	60,721
	At 31 December 2024	75,921

Page 31


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

14.Intangible assets (continued)

	Company

		Computer software
		£
	Cost
	At 1 January 2025	263,065
	Additions	3,500
	Disposals	(600)
	At 31 December 2025	265,965
	Amortisation
	At 1 January 2025	187,144
	Charge for the year	18,700
	On disposals	(600)
	At 31 December 2025	205,244
	Net book value
	At 31 December 2025	60,721
	At 31 December 2024	75,921

Page 32


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

15.	Tangible fixed assets
	Group

	Freehold property	Short leasehold	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2025	953,354	129,417	180,322	397,207	1,660,300
Additions	-	-	42,598	5,048	47,646
Disposals	-	(15,307)	(17,680)	(13,653)	(46,640)
At 31 December 2025	953,354	114,110	205,240	388,602	1,661,306
Depreciation
At 1 January 2025	-	69,064	114,037	228,205	411,306
Charge for the year on owned assets	-	20,040	17,239	33,729	71,008
Disposals	-	(14,292)	(16,060)	(13,133)	(43,485)
At 31 December 2025	-	74,812	115,216	248,801	438,829
Net book value
At 31 December 2025	953,354	39,298	90,024	139,801	1,222,477
At 31 December 2024	953,354	60,353	66,285	169,002	1,248,994

Page 33


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

15.Tangible fixed assets (continued)

	Company

	Freehold property	Short-term leasehold property	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2025	953,354	94,165	136,392	345,849	1,529,760
Additions	-	-	42,598	5,048	47,646
Disposals	-	-	(1,684)	(9,805)	(11,489)
At 31 December 2025	953,354	94,165	177,306	341,092	1,565,917
Depreciation
At 1 January 2025	-	36,975	79,272	197,266	313,513
Charge for the year on owned assets	-	18,636	14,787	29,176	62,599
Disposals	-	-	(1,537)	(9,296)	(10,833)
At 31 December 2025	-	55,611	92,522	217,146	365,279
Net book value
At 31 December 2025	953,354	38,554	84,784	123,946	1,200,638
At 31 December 2024	953,354	57,190	57,120	148,583	1,216,247

Page 34


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

16.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2025	73
	At 31 December 2025	73

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Proactive Personnel (West Midlands) Limited

Proactive House, Hadley Park East, Hadley, Telford, Shropshire

Ordinary

73%

Page 35


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

17.

Debtors

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Trade debtors	5,519,972	5,889,346	4,369,702	4,629,559
Amounts owed by group undertakings	3,476,719	3,467,077	3,467,308	3,457,666
Other debtors	386,671	350,820	341,855	302,277
Prepayments and accrued income	157,905	153,739	132,551	136,692
	9,541,267	9,860,982	8,311,416	8,526,194

The company has an invoice discounting agreement. The trade debtors shown above are covered by this agreement. The financed debt included in the company trade debtors as at 31 December 2025 was £3,996,792 (Group amount being £4,979,350).

18.	Cash and cash equivalents
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Cash at bank and in hand	337,465	18,662	246,658	10,920
Less: bank overdrafts	(5,009,768)	(4,562,995)	(3,987,210)	(3,644,338)
	(4,672,303)	(4,544,333)	(3,740,552)	(3,633,418)

Page 36


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

19.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank overdrafts	5,009,768	4,562,995	3,987,210	3,644,338
Bank loans	109,308	116,000	109,308	116,000
Trade creditors	193,951	148,120	186,791	145,839
Amounts owed to group undertakings	-	-	1,062,334	978,275
Corporation tax	97,756	222,518	76,891	140,254
Other taxation and social security	1,675,743	1,679,544	1,399,599	1,365,211
Other creditors	111,669	96,277	105,571	89,237
Accruals and deferred income	1,028,677	1,060,940	849,161	871,894
	8,226,872	7,886,394	7,776,865	7,351,048

The Group has an invoice discounting agreement in place. The amount outstanding in respect of this agreement at 31 December 2025 was £5,009,768 (2024: £4,562,995). The invoice discounting company holds a fixed charge over book debts as security against borrowings. At the balance sheet date, the total trade debtors assigned under this facility amounted to £4,979,350. As the Group retains the significant risks and rewards of these debtors, the debtors continue to be recognised as an asset and the facility is included within liabilities.

Bank loans includes a Coronavirus Business Interruption Loan (CBIL) and a mortgage loan. The CBIL is supported by the Coronavirus Business Interruption Loan Scheme (CBILS), managed by the British Business Bank, on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy.

The mortgage loan is secured on the assets of the Group.

20.	Creditors: Amounts falling due after more than one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank loans	323,864	385,661	323,864	385,661
	323,864	385,661	323,864	385,661

Bank loans includes a Coronavirus Business Interruption Loan (CBIL) and a mortgage loan. The CBIL is supported by the Coronavirus Business Interruption Loan Scheme (CBILS), managed by the British Business Bank, on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy.

The mortgage loan is secured on the assets of the Group.

Page 37


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

21.	Loans
	Analysis of the maturity of loans is given below:
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Amounts falling due within one year
Bank loans	109,308	116,000	109,308	116,000
	109,308	116,000	109,308	116,000
Amounts falling due 1-2 years
Bank loans	19,087	108,167	19,087	108,167
	19,087	108,167	19,087	108,167
Amounts falling due 2-5 years
Bank loans	304,777	277,494	304,777	277,494
	304,777	277,494	304,777	277,494

	433,172	501,661	433,172	501,661

Page 38


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

22.	Deferred taxation
	Group

		2025
		£

	At beginning of year	(65,462)
	Charged to profit or loss	(351)
	At end of year	(65,813)

Company

		2025
		£

	At beginning of year	(58,688)
	Charged to profit or loss	(2,826)
	At end of year	(61,514)

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£

Accelerated capital allowances	(76,293)	(80,118)	(71,994)	(73,344)
Short-term timing differences	10,480	14,656	10,480	14,656
	(65,813)	(65,462)	(61,514)	(58,688)

23.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares shares of £1.00 each	100	100

Each share has full rights in the company with respect to voting, dividends and distributions.

Page 39


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

24.

Reserves

Share premium account

This reserve records the amount above the nominal value received for shares sold, less transaction costs.

Retained earnings

This reserve records retained earnings and accumulated losses.

25.	Analysis of net debt

		At 1 January 2025	Cash flows	At 31 December 2025
		£	£	£

Cash at bank and in hand	18,662	318,803	337,465
Bank overdrafts	(4,562,995)	(446,773)	(5,009,768)
Debt due after 1 year	(385,661)	61,797	(323,864)
Debt due within 1 year	(143,666)	5,401	(138,265)
	(5,073,660)	(60,772)	(5,134,432)

26.	Pension commitments

The group operates defined contribution pension schemes. The pension cost charge for the period represents contributions payable by the group to the schemes and amounted to £372,550 (2024: £330,726). The amount outstanding at the year end was £48,023 (2024: £25,545).

27.	Commitments under operating leases
	At 31 December 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Not later than 1 year	318,971	356,200	276,504	279,031
Later than 1 year and not later than 5 years	353,719	240,834	284,983	219,223
Later than 5 years	11,700	-	-	-
	684,390	597,034	561,487	498,254

Page 40


PROACTIVE PERSONNEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

28.	Government grants

The amounts recognised in other operating income for government grants during the year were £47,547 (2024: £14,942), comprising apprenticeship levy income of £43,247 (2024: £10,642) and capital grant income of £4,300 (2024: £4,300).

Deferred capital grants included within accruals and deferred income amounted to £8,958 (2024: £13,258). During the year, £4,300 (2024: £4,300) was released to the profit and loss account. The deferred capital grant relates to funding received for the refit of leasehold property.

29.	Directors' advances, credits and guarantees

The following directors had interest free loans during the period. The movements on these loans are as follows:

30.

Related party transactions

During the year the company sold goods and services to Proactive Personnel (West Midlands) Ltd, a subsidiary company, to the value of £790,423 (2024: £715,775). At the balance sheet date there was a balance due from Proactive Personnel (West Midlands) Ltd for these transactions of £218,282 (2024: £133,292).

At the year end there was a loan account balance of £1,062,334 (2024: £978,275) due from Proactive Personnel (West Midlands) Ltd. Included in creditors falling due within one year are amounts totalling £28,956 (2024: £27,666) due to the directors of the company, these amounts are repayable on demand. During the year, no interest was paid on the balances.

The Company has taken advantage of the exemption in section 33 of Financial Reporting Standard 102 from disclosing transactions with wholly owned members of the Group.

31.	Controlling party

Proactive Personnel Holdings Ltd is regarded by the directors as being the company's ultimate parent company. The registered office of Proactive Personnel Holdings Ltd is Proactive House, Hadley Park East, Hadley,Telford, Shropshire, TF1 6QJ. The group accounts of Proactive Personnel Holdings Ltd are available from Companies House.

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