REGISTERED NUMBER: 10867652 (England and Wales)

GROUP8 CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Ms M Hilton

REGISTERED OFFICE:

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

REGISTERED NUMBER:

10867652 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Intangible assets

4

4,032

7,430

Tangible assets

5

16,257

3,192

20,289

10,622

CURRENT ASSETS

Debtors

6

224,997

176,701

Cash at bank

89,484

70,193

314,481

246,894

CREDITORS

Amounts falling due within one year

7

(288,417

)

(165,057

)

NET CURRENT ASSETS

26,064

81,837

TOTAL ASSETS LESS CURRENT LIABILITIES

46,353

92,459

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

46,253

92,359

46,353

92,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Ms M Hilton - Director

1.	STATUTORY INFORMATION

Group8 Consulting 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 for provision of contract staff and related services, provided in the normal course of business, net of discounts and VAT.

Turnover arising from the placement of permanent candidates is recognised at the time the candidate is expected to commence full-time employment.

Turnover arising from executive search services are recognised at specific milestones agreed in advance.

Intangible assets

Intangible assets represent software and website development costs measured initially at cost and amortised over their estimated useful life of 3 years.

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

On disposal the difference between the net proceeds and carrying amount of the item disposed is recognised in the profit and loss account, and included in administration expenses.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

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 company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

17,196

AMORTISATION

At 1 January 2024

9,766

Amortisation for year

3,398

At 31 December 2024

13,164

NET BOOK VALUE

At 31 December 2024

4,032

At 31 December 2023

7,430

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

-

7,349

7,349

Additions

12,938

2,310

15,248

Disposals

-

(2,553

)

(2,553

)

At 31 December 2024

12,938

7,106

20,044

DEPRECIATION

At 1 January 2024

-

4,157

4,157

Charge for year

716

1,467

2,183

Eliminated on disposal

-

(2,553

)

(2,553

)

At 31 December 2024

716

3,071

3,787

NET BOOK VALUE

At 31 December 2024

12,222

4,035

16,257

At 31 December 2023

-

3,192

3,192

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

18,000

Amounts owed by group undertakings

144,363

68,137

Other debtors

80,634

90,564

224,997

176,701

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

9,650

3,099

Taxation and social security

79,547

95,379

Other creditors

199,220

66,579

288,417

165,057

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, £56,428 was owed by the director (2023: £6,194 owed to the director). During the period, advances of £77,742 and repayments of £15,120 were made from the director. Interest has been charged at the official HMRC rates for beneficial loan arrangements and the balance is repayable on demand.

9.	RELATED PARTY DISCLOSURES

Amounts owed by group undertakings represent amounts owed by Group8 Global Holdings Ltd. The loan is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Group8 Global Holdings Ltd. The parent company is incorporated in England and Wales and the registered office is Ashbourne House, The Guildway, Old Portsmouth Road, Guildford, Surrey, United Kingdom, GU3 1LR.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Group8 Consulting Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Group8 Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Group8 Consulting Limited and state those matters that we have agreed to state to the director of Group8 Consulting Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Group8 Consulting Limited and its director for our work or for this report.

It is your duty to ensure that Group8 Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Group8 Consulting Limited. You consider that Group8 Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Group8 Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Director, who obtains access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

29 September 2025