Grafters Recruitment Consultants Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Grafters Recruitment Consultants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03739792 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Significant judgements and estimations

No significant judgements have had to be made by the directors in preparing these financial statements.

No key assumptions have had to be made by the directors in preparing these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases, assets held under finance leases are depreciated in the same way as owned assets:

Leasehold	None provided
Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	4 year straight line

At each balance sheet date the company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

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Grafters Recruitment Consultants Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 68 (2025: 53)

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Grafters Recruitment Consultants Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	9,733	45,281	9,674	48,761	113,449
Additions	-	-	-	340	340

As at 31 January 2026	9,733	45,281	9,674	49,101	113,789

Depreciation
As at 1 February 2025	-	44,970	8,766	46,455	100,191
Provided during the period	-	78	227	1,596	1,901

As at 31 January 2026	-	45,048	8,993	48,051	102,092

Net Book Value
As at 31 January 2026	9,733	233	681	1,050	11,697

As at 1 February 2025	9,733	311	908	2,306	13,258

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	232,558	135,302
Other debtors	3,120	5,110

	235,678	140,412

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	3,153	-
Other creditors	74,862	36,312
Taxation and social security	90,307	94,236

	168,322	130,548

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Grafters Recruitment Consultants Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
58 Ordinary Shares of £ 1.00 each	58	100
0 Ordinary A shares of £ 1.00 each	-	1
1 Ordinary B shares of £ 1.00 each	1	1
0 Ordinary C shares of £ 1.00 each	-	1
1 Ordinary D shares of £ 1.00 each	1	1
1 Ordinary E shares of £ 1.00 each	1	1

	61	105


Shares disposed during the period:	£
42 Ordinary Shares of £ 1.00 each	(42)
1 Ordinary A shares of £ 1.00 each	(1)
1 Ordinary C shares of £ 1.00 each	(1)

	(44)

During the year, the company completed a purchase of own-share capital and cancelled the shares re-purchased upon completion. The breakdown of the shares cancelled can be seen above.

8. Pension Commitments

The company operates a defined contribution pension scheme for the employees of the company. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £272 (2025 - £580) were due to the fund. They are included in Other Creditors.

9. Related Party Transactions

During the year, S W Maher, a director of the company provided the company with a loan. This loan is unsecured, interest free and repayable on demand. At the reporting date, the amount owing to S W Maher was £2,354 (2025 - NIL) and is included in creditors.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,697		13,258

			11,697		13,258
CURRENT ASSETS
Debtors	5	235,678		140,412
Cash at bank and in hand		24,943		186,404

		260,621		326,816
Creditors: Amounts Falling Due Within One Year	6	(168,322 )		(130,548 )

NET CURRENT ASSETS (LIABILITIES)			92,299		196,268

TOTAL ASSETS LESS CURRENT LIABILITIES			103,996		209,526

PROVISIONS FOR LIABILITIES
Deferred Taxation			(163 )		(481 )

NET ASSETS			103,833		209,045

CAPITAL AND RESERVES
Called up share capital	7		61		105
Capital redemption reserve			44		-
Profit and Loss Account			103,728		208,940

SHAREHOLDERS' FUNDS			103,833		209,045