Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-282021-03-01falsePlacement of locums76falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08211726 2021-03-01 2022-02-28 08211726 2019-09-01 2021-02-28 08211726 2022-02-28 08211726 2021-02-28 08211726 2019-09-01 08211726 c:Director1 2021-03-01 2022-02-28 08211726 d:ComputerEquipment 2021-03-01 2022-02-28 08211726 d:ComputerEquipment 2022-02-28 08211726 d:ComputerEquipment 2021-02-28 08211726 d:CurrentFinancialInstruments 2022-02-28 08211726 d:CurrentFinancialInstruments 2021-02-28 08211726 d:CurrentFinancialInstruments 1 2022-02-28 08211726 d:CurrentFinancialInstruments 1 2021-02-28 08211726 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08211726 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 08211726 d:ShareCapital 2022-02-28 08211726 d:ShareCapital 2021-02-28 08211726 d:RetainedEarningsAccumulatedLosses 2022-02-28 08211726 d:RetainedEarningsAccumulatedLosses 2021-02-28 08211726 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 08211726 d:AcceleratedTaxDepreciationDeferredTax 2021-02-28 08211726 d:TaxLossesCarry-forwardsDeferredTax 2022-02-28 08211726 d:TaxLossesCarry-forwardsDeferredTax 2021-02-28 08211726 c:FRS102 2021-03-01 2022-02-28 08211726 c:Audited 2021-03-01 2022-02-28 08211726 c:FullAccounts 2021-03-01 2022-02-28 08211726 c:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 08211726 c:SmallCompaniesRegimeForAccounts 2021-03-01 2022-02-28 08211726 4 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 08211726









ESHAR LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

 
ESHAR LIMITED
REGISTERED NUMBER: 08211726

BALANCE SHEET
AS AT 28 FEBRUARY 2022

2022
2021
Note
£
£

  

Tangible assets
 4 
-
-

Current assets
  

Debtors: amounts falling due within one year
 5 
405,704
467,255

Cash at bank and in hand
  
3,616
2,522

  
409,320
469,777

Creditors: amounts falling due within one year
 6 
(417,597)
(463,741)

Net current (liabilities)/assets
  
 
 
(8,277)
 
 
6,036

Provisions for liabilities
  

Deferred tax
 7 
-
(116)

Net (liabilities)/assets
  
(8,277)
5,920


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(8,279)
5,918

  
(8,277)
5,920


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2022.




R Prince
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
ESHAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1.


General information

Eshar Limited is a private company limited by shares and is registered, domiciled and incorporated in England and Wales. The registered office is 111-115 North Street, Romford, Essex, RM1 1ES. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.
In arriving at this conclusion, the directors have taken into consideration the group results for the year ended 28 February 2022 together with the current results and group cashflow forecasts for 12 months from the date of signing of the financial statements. 
Based on the forecasts prepared the directors are satisfied that the Company is in a position to meet its liabilities as they fall due over the next 12 months from the date of signing of these financial statements. 

 
2.3

Revenue

Revenue is recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
Income relating to temporary staff is recognised in the period to which it relates when billed for each month.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Page 2

 
ESHAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

  
2.6

Retirement benefits

For defined contribution schemes the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either other creditors or other debtors.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
ESHAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following bases:

Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.13

Invoice discounting

Trade debtors are subject to a financing agreement whereby an advance is received based upon and secured against trade receivables. 
Where the company has retained significant benefits and risks relating to the factored debts, separate presentation is adopted whereby the gross debts and a corresponding liability in respect of the advance received are shown separately on the balance sheet. The interest element of the factor's charges is recognised as it accrues and is included in profit or loss with other interest charges.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 

Page 4

 
ESHAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2021 - 6).


4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 March 2021
4,785



At 28 February 2022

4,785



Depreciation


At 1 March 2021
4,785



At 28 February 2022

4,785



Net book value



At 28 February 2022
-



At 28 February 2021
-

Page 5

 
ESHAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

5.


Debtors

2022
2021
£
£


Trade debtors
77,033
90,920

Amounts owed by group undertakings
310,242
310,311

Other debtors
2,621
2,604

Prepayments and accrued income
15,808
12,083

Deferred taxation
-
51,337

405,704
467,255


Trade debtors have been pledged as security against amounts due in respect of financed trade receivables.


6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
19,336
12,890

Other taxation and social security
11,077
3,763

Invoice discounting
(21,819)
31,865

Other creditors
570
2,431

Accruals and deferred income
408,433
412,792

417,597
463,741


The invoice discounting liability of £Nil (2021 - £31,865) is secured by way of fixed and floating charges over the assets of the company, including the trade debtors of the company.

Page 6

 
ESHAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

7.


Deferred taxation




2022
2021


£

£






At beginning of year
51,221
(116)


Credited to profit or loss
(51,221)
51,337



At end of year
-
51,221

The deferred tax balance is made up as follows:

2022
2021
£
£


Accelerated capital allowances
-
(116)

Tax losses carried forward
-
51,337

-
51,221

Comprising:

Deferred tax asset
-
51,337

Deferred tax liability
-
(116)

-
51,221



8.


Pension commitments

The Company operates a defined contributions pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £801 (2021 - £2,012). Contributions totalling £325 (2021 - £254) were payable to the fund at the balance sheet date and are included within Other creditors. 


9.


Related party transactions

The Company is exempt from disclosing related party transactions with Group companies that are wholly owned within the Group. 


10.


Controlling party

The smallest group in which the results of the company are consolidated is that headed by Urban Recruitment Group Limited. The consolidated accounts of Urban Recruitment Group Limited are available from its registered office, 111-115 North Street, Romford, Essex, RM1 1ES.

Page 7

 
ESHAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

11.


Auditor's information

The auditor's report on the financial statements for the year ended 28 February 2022 was qualified.

The qualification in the audit report was as follows:

We have been unable to confirm whether a provision of £394,885 included within accruals should be
increased due to a lack of available information. Consequently we were unable to determine whether any
adjustment to this amount was necessary

The audit report was signed on 5 September 2022 by Andrew May (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 8