REGISTERED NUMBER: 10000208 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Konnect Recruit Southern Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Bestall

J King

REGISTERED OFFICE:

Suite 3, Warwick House

Beacon Bottom

Park Gate

Southampton

SO31 7GQ

REGISTERED NUMBER:

10000208 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Tangible assets

4

13,742

14,540

CURRENT ASSETS

Debtors

5

2,001,725

1,766,865

Cash at bank

18,355

10,323

2,020,080

1,777,188

CREDITORS

Amounts falling due within one year

6

1,912,194

1,604,689

NET CURRENT ASSETS

107,886

172,499

TOTAL ASSETS LESS CURRENT LIABILITIES

121,628

187,039

CREDITORS

Amounts falling due after more than one year

7

(27,882

)

(145,475

)

PROVISIONS FOR LIABILITIES

(3,435

)

-

NET ASSETS

90,311

41,564

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

89,311

40,564

SHAREHOLDERS' FUNDS

90,311

41,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 2 September 2026 and were signed on its behalf by:

S Bestall - Director

1.	STATUTORY INFORMATION

Konnect Recruit Southern Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures & fittings

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

67,124

Additions

8,655

At 31 March 2026

75,779

DEPRECIATION

At 1 April 2025

52,584

Charge for year

9,453

At 31 March 2026

62,037

NET BOOK VALUE

At 31 March 2026

13,742

At 31 March 2025

14,540

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

1,624,408

1,393,937

Other debtors

377,317

372,928

2,001,725

1,766,865

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

30,368

42,026

Trade creditors

105,620

125,931

Taxation and social security

117,283

118,330

Other creditors

1,658,923

1,318,402

1,912,194

1,604,689

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

27,882

59,534

Other creditors

-

85,941

27,882

145,475

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Quba Solutions Limited

1,417,228

1,088,689

Bank loans

53,933

79,968

1,471,161

1,168,657

Quba Solutions Limited created a charge dated 3 January 2017.

Lloyds Bank PLC created a charge dated 22 February 2022.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

S Bestall

Balance outstanding at start of year

(1,120

)

-

Amounts advanced

39,000

3,220

Amounts repaid

(410

)

(4,340

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

37,470

(1,120

)

J King

Balance outstanding at start of year

-

-

Amounts advanced

21,712

-

Amounts repaid

(120

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,592

-