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REGISTERED NUMBER: 03640983 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

| FOR |

| GRADUATE RECRUITMENT BUREAU LIMITED |

GRADUATE RECRUITMENT BUREAU LIMITED (REGISTERED NUMBER: 03640983) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| GRADUATE RECRUITMENT BUREAU LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | C M Cater

| D Hawes

| SECRETARY: | C M Cater

| REGISTERED OFFICE: | 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| REGISTERED NUMBER: | 03640983 (England and Wales)

| ACCOUNTANTS: | Galloways Accounting Limited

| 15 West Street

| Brighton

| East Sussex

| BN1 2RL

GRADUATE RECRUITMENT BUREAU LIMITED (REGISTERED NUMBER: 03640983) |

BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 30,480 |  | 41,357 |  |

CURRENT ASSETS

Debtors | 5 | 475,054 |  | 406,071 |  |

Cash at bank and in hand | 1,444,780 |  | 1,376,892 |  |

1,919,834 |  | 1,782,963 |  |

CREDITORS

Amounts falling due within one year | 6 | 474,110 |  | 392,631 |  |

NET CURRENT ASSETS | 1,445,724 |  | 1,390,332 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,476,204 |  | 1,431,689 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (72,000 | ) | (216,000 | ) |

PROVISIONS FOR LIABILITIES | 9 | (7,600 | ) | (10,300 | ) |

NET ASSETS | 1,396,604 |  | 1,205,389 |  |

CAPITAL AND RESERVES

Called up share capital | 2,000 |  | 2,000 |  |

Share-based payment reserve | 78,329 |  | 82,162 |  |

Retained earnings | 1,316,275 |  | 1,121,227 |  |

1,396,604 |  | 1,205,389 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 8 April 2026 and were signed on its behalf by:

C Cater - Director

GRADUATE RECRUITMENT BUREAU LIMITED (REGISTERED NUMBER: 03640983) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Graduate Recruitment Bureau 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 and represents invoiced sales of recruitment services, stated net of discounts and of value added tax.

| Turnover is recognised at the time the candidate commences employment. Provisions are made for the expected cost of meeting obligations where employees do not work for the specified contractual period.

| Tangible fixed assets

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

| Leasehold improvements | - | Over the term of the lease

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation.

| Financial instruments

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

GRADUATE RECRUITMENT BUREAU LIMITED (REGISTERED NUMBER: 03640983) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| After reviewing the company's forecasts, the directors believe that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of these financial statements. Therefore, the directors have concluded that the going concern basis of preparation of these financial statements remains appropriate.

3. | EMPLOYEES

| The average number of employees during the year was 44 (2024 - 69 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Leasehold |  | Integral |  | and |  | Computer |

| improvements |  | features |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 August 2024 | 86,373 |  | 15,418 |  | 58,596 |  | 236,251 |  | 396,638 |  |

| Additions | - |  | - |  | - |  | 218 |  | 218 |  |

| At 31 July 2025 | 86,373 |  | 15,418 |  | 58,596 |  | 236,469 |  | 396,856 |  |

| DEPRECIATION

| At 1 August 2024 | 81,924 |  | 15,418 |  | 52,544 |  | 205,395 |  | 355,281 |  |

| Charge for year | 1,841 |  | - |  | 1,513 |  | 7,741 |  | 11,095 |  |

| At 31 July 2025 | 83,765 |  | 15,418 |  | 54,057 |  | 213,136 |  | 366,376 |  |

| NET BOOK VALUE

| At 31 July 2025 | 2,608 |  | - |  | 4,539 |  | 23,333 |  | 30,480 |  |

| At 31 July 2024 | 4,449 |  | - |  | 6,052 |  | 30,856 |  | 41,357 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 435,849 |  | 276,029 |  |

| Other debtors | 1,671 |  | 6,519 |  |

| Tax | - |  | 80,423 |  |

| Prepayments and accrued income | 37,534 |  | 43,100 |  |

475,054 |  | 406,071 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 144,000 |  | 144,000 |  |

| Trade creditors | 34,803 |  | 23,043 |  |

| Taxation and social security | 215,342 |  | 102,696 |  |

| Other creditors | 79,965 |  | 122,892 |  |

474,110 |  | 392,631 |  |

GRADUATE RECRUITMENT BUREAU LIMITED (REGISTERED NUMBER: 03640983) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 72,000 |  | 216,000 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 22,000 |  | 22,000 |  |

| Between one and five years | 9,167 |  | 31,167 |  |

31,167 |  | 53,167 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 7,600 |  | 10,300 |  |

| Deferred |

| tax |

£ |

| Balance at 1 August 2024 | 10,300 |  |

| Accelerated capital allowances | (2,700 | ) |

| Balance at 31 July 2025 | 7,600 |  |

10. | SHARE-BASED PAYMENT TRANSACTIONS

| At the balance sheet date, the company had granted share options to 18 (2024: 25) individuals. The equity based scheme has an exercise price of £0.67 per share. The share options expire 10 years after the grant date. Options are forfeited if the employee leaves the company before they become entitled to exercise the share options.

| The movements in share options during the year were as follows:

|  | Number of options |  |  | WAEP (£) |

| Balance brought forward |  |  | 254,700 |  |  | 0.6700 |

| Granted during the year |  |  | - |  |  | - |

| Forfeited during the year |  |  | (147,400 | ) |  | - |

| Balance carried forward |  |  | 107,300 |  |  | 0.6700 |

| Exercisable at year end |  |  | - |  |  | - |

| The income recognised during the year in respect of share options forfeited was £3,833 (2024: expense of £82,162). The total value of share-based payments included within equity was £78,329 (2024: £82,162).