Registration number: 08728157

G R Employment Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

G R Employment Limited

Company Information

Director

Mr M Hone

Registered office

Tingdene House 21-24 Bradfield Road Finedon Road Industrial Estate Wellingborough Northamptonshire NN8 4HB

Accountants

Russells (Accountants) Limited Certified Accountants20 Riverview Way Kempston Bedford Bedfordshire MK42 7BB

G R Employment Limited

(Registration number: 08728157)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	5,029	6,298
Current assets
Debtors	7	619,837	635,921
Cash at bank and in hand		5,534	40,146
		625,371	676,067
Creditors: Amounts falling due within one year	8	(590,087)	(639,137)
Net current assets		35,284	36,930
Total assets less current liabilities		40,313	43,228
Creditors: Amounts falling due after more than one year	8	-	(6,495)
Net assets		40,313	36,733
Capital and reserves
Called up share capital		100	100
Retained earnings		40,213	36,633
Shareholders' funds		40,313	36,733

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2026
 

......................................... Mr M Hone Director

G R Employment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tingdene House 21-24 Bradfield Road
Finedon Road Industrial Estate
Wellingborough
Northamptonshire
NN8 4HB
England

These financial statements were authorised for issue by the director on 30 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

G R Employment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	33% straight line
Computer equipment	33% straight line
Plant & Machinery	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

G R Employment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 128 (2024 - 154).

G R Employment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	2,019	2,558

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	5	5
At 31 October 2025	5	5
Amortisation
At 1 November 2024	5	5
At 31 October 2025	5	5
Carrying amount
At 31 October 2025	-	-

6	Tangible assets

	Furniture, fittings and equipment  £	Office equipment £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 November 2024	16,379	16,533	10,607	43,519
Additions	-	750	-	750
At 31 October 2025	16,379	17,283	10,607	44,269
Depreciation
At 1 November 2024	16,379	16,077	4,765	37,221
Charge for the year	-	558	1,461	2,019
At 31 October 2025	16,379	16,635	6,226	39,240
Carrying amount
At 31 October 2025	-	648	4,381	5,029
At 31 October 2024	-	456	5,842	6,298

G R Employment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		442,073	421,361
Prepayments		83,396	121,222
Other debtors		38,687	39,058
Directors current account	10	55,681	54,280
		619,837	635,921

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans, overdrafts and other borrowings	9	346,555	357,636
Trade creditors		6,892	6,002
Corporation tax		3,623	6,132
Taxation and social security		177,440	166,203
Accruals and deferred income		46,455	93,264
Other creditors		9,122	9,900
		590,087	639,137

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	6,495

G R Employment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	6,495

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,949	12,365
Other borrowings	339,606	345,271
	346,555	357,636

Other borrowings relate to a factoring arrangement and are secured by way of charge over all company assets.

G R Employment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

10	Related party transactions

The company operated a loan to the Director in the year, which had no set repayment date. This loan attracts interest at a rate of 5% (2025: 5%) per annum.

Transactions with the director

2025	At 1 November 2024 £	Advances to director £	Repayments by director £	At 31 October 2025 £
Mr M Hone
Directors current account	54,280	12,900	(11,500)	55,680

2024	At 1 November 2023 £	Advances to director £	Repayments by director £	At 31 October 2024 £
Mr M Hone
Directors current account	54,779	11,500	(11,999)	54,280

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	35,584	24,412
Contributions paid to money purchase schemes	753	512
	36,337	24,924

Dividends paid to the director

		2025 £		2024 £
Mr M Hone
Interim Dividends		11,500		10,000