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Registered Number: 10539993
England and Wales

 

 

 

GRRS LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GRRS Limited
Contents Page
For the year ended 31 December 2024
Director Mr Damilola Seun Ola-Adeoti
Registered Number 10539993
Registered Office 6th Floor, Sentinel House Albert Street
Eccles
Manchester
M30 0NA
Accountants SRT Accounting Services Ltd
83 Heathbank Road
Higher Blackley
Manchester
M9 0WB
Bankers HSBC
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2024.
Principal activities
Principal activity of the company during the financial year was of Temporary Staff Recruitment
Director
The director who served the company throughout the year was as follows:
Mr Damilola Seun Ola-Adeoti
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director 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 profit or loss of the company for that period.

In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is 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 enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Mr Damilola Seun Ola-Adeoti
Director

Date approved: 22 September 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of GRRS Limited for the year ended 31 December 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GRRS Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of GRRS Limited, as a body, in accordance with the terms of our engagement letter dated 22 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of GRRS Limited and state those matters that we have agreed to state to the Board of Directors of GRRS Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GRRS Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GRRS Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GRRS Limited. You consider that GRRS 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 accounts of GRRS 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 accounts
31 December 2024.



....................................................

SRT Accounting Services Ltd
83 Heathbank Road
Higher Blackley
Manchester
M9 0WB
22 September 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 16,129    25,806 
16,129    25,806 
Current assets      
Debtors: amounts falling due within one year 4 44,880    (55)
Debtors: amounts falling due after one year 5 0    291,204 
Cash at bank and in hand (19,722)   (25,641)
25,158    265,508 
Creditors: amount falling due within one year 6 (71,691)   (224,758)
Net current assets (46,533)   40,750 
 
Total assets less current liabilities (30,404)   66,556 
Creditors: amount falling due after more than one year 7 (9,034)   (64,174)
Net assets (39,438)   2,382 
 

Capital and reserves 		     
Profit and loss account (39,438)   2,382 
Shareholders' funds (39,438)   2,382 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 22 September 2025 and were signed by:


-------------------------------
Mr Damilola Seun Ola-Adeoti
Director
4
  Retained Earnings   Total
£ £
At 01 January 2023 (4,355) (4,355)
Profit for the year 6,737  6,737 
Total comprehensive income for the year 6,737  6,737 
Total investments by and distributions to owners -  - 
At 31 December 2023 2,382  2,382 
At 01 January 2024 382  382 
Profit for the year (39,820) (39,820)
Total comprehensive income for the year (39,820) (39,820)
Total investments by and distributions to owners -  - 
At 31 December 2024 (39,438) (39,438)
5
General Information
GRRS Limited is a private company, limited by shares, registered in England and Wales, registration number 10539993, registration address 6th Floor, Sentinel House Albert Street, Eccles, Manchester, M30 0NA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 5 Straight Line
2.

Average number of employees

Average number of employees during the year was 20 (2023 : 20).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 January 2024 38,666    38,666 
Additions -    - 
Disposals -    - 
At 31 December 2024 38,666    38,666 
Depreciation
At 01 January 2024 12,860    12,860 
Charge for year 9,677    9,677 
On disposals -    - 
At 31 December 2024 22,537    22,537 
Net book values
Closing balance as at 31 December 2024 16,129    16,129 
Opening balance as at 01 January 2024 25,806    25,806 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 44,880    (55)
44,880    (55)

5.

Debtors: amounts falling due after one year

2024
£		   2023
£
Heathercare 0    148,704 
GRS Investment group Ltd 0    142,500 
0    291,204 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 4,445    26,004 
Bounce Back Loan 33,087    40,388 
Corporation Tax 1,824    7,172 
Other Creditors 3    0 
Directors' Current Accounts 0    123,000 
VAT 32,332    28,194 
71,691    224,758 

7.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Iwoca 0    14,605 
Fleximize 0    32,488 
Haydock Finance 9,034    17,081 
9,034    64,174 

8.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
1 Class A share of £1.00 each 1    1 
1    1 

6