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REGISTERED NUMBER: 10661545 (England and Wales)















Grantham Payroll Services Limited

Unaudited Financial Statements for the Year Ended 31 March 2025






Grantham Payroll Services Limited (Registered number: 10661545)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Grantham Payroll Services Limited

Company Information
for the Year Ended 31 March 2025







Directors: Mrs P Cambage
A Cambage
S Brown





Registered office: Office 3 Kesteven Business Centre
Kesteven Street
Sleaford
Lincolnshire
NG34 7DT





Registered number: 10661545 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

Grantham Payroll Services Limited (Registered number: 10661545)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,581 2,136

Current assets
Debtors 5 18,505 13,838
Cash at bank and in hand 18,693 16,115
37,198 29,953
Creditors
Amounts falling due within one year 6 22,983 14,870
Net current assets 14,215 15,083
Total assets less current liabilities 15,796 17,219

Capital and reserves
Called up share capital 7 3 1
Retained earnings 8 15,793 17,218
Shareholders' funds 15,796 17,219

Grantham Payroll Services Limited (Registered number: 10661545)

Balance Sheet - continued
31 March 2025


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 14 July 2025 and were signed on its behalf by:





Mrs P Cambage - Director


Grantham Payroll Services Limited (Registered number: 10661545)

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

1. Statutory information

Grantham Payroll Services 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 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 and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

Grantham Payroll Services Limited (Registered number: 10661545)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. Employees and directors

The average number of employees during the year was 6 (2024 - 6 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 April 2024 505 6,151 6,656
Additions 153 - 153
At 31 March 2025 658 6,151 6,809
Depreciation
At 1 April 2024 299 4,221 4,520
Charge for year 71 637 708
At 31 March 2025 370 4,858 5,228
Net book value
At 31 March 2025 288 1,293 1,581
At 31 March 2024 206 1,930 2,136

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 16,335 11,062
Other debtors 1,560 1,560
Prepayments 610 1,216
18,505 13,838

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 476 1,419
Corporation tax 9,179 6,502
Social security and other taxes 656 239
VAT 10,033 4,621
Other creditors - 26
Directors' current accounts 1,623 1,313
Accrued expenses 1,016 750
22,983 14,870

Grantham Payroll Services Limited (Registered number: 10661545)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary £1.00 1 1
1 Ordinary A £1.00 1 -
1 Ordinary B £1.00 1 -
3 1

The following shares were allotted and fully paid for cash at par during the year:

1 Ordinary A shares of £1.00 each
1 Ordinary B shares of £1.00 each

8. Reserves
Retained
earnings
£   

At 1 April 2024 17,218
Profit for the year 38,575
Dividends (40,000 )
At 31 March 2025 15,793

9. Ultimate controlling party

The controlling party is Mrs P Cambage.