Company registration number 04010251 (England and Wales)
INTER-STAFF LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
INTER-STAFF LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
INTER-STAFF LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
32,548
40,729
Investments
4
17,154
63,826
49,702
104,555
Current assets
Debtors
5
169,744
88,004
Cash at bank and in hand
925,077
732,699
1,094,821
820,703
Creditors: amounts falling due within one year
6
(321,118)
(483,708)
Net current assets
773,703
336,995
Total assets less current liabilities
823,405
441,550
Provisions for liabilities
7
(7,583)
(7,225)
Net assets
815,822
434,325
Capital and reserves
Called up share capital
8
50
50
Capital redemption reserve
50
50
Profit and loss reserves
815,722
434,225
Total equity
815,822
434,325

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

INTER-STAFF LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022
31 December 2022
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 29 September 2023
Mr A P Lawton
Director
Company Registration No. 04010251
INTER-STAFF LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2021
50
50
2,971
3,071
Year ended 31 December 2021:
Profit and total comprehensive income for the year
-
-
431,254
431,254
Balance at 31 December 2021
50
50
434,225
434,325
Year ended 31 December 2022:
Profit and total comprehensive income for the year
-
-
381,497
381,497
Balance at 31 December 2022
50
50
815,722
815,822
INTER-STAFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
1
Accounting policies
Company information

Inter-Staff Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 Alvaston Business Park, Middlewich Road, Nantwich, Cheshire, CW5 6PF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents partnership profits earned via membership of Inter-Staff UK LLP.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
20% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.6
Taxation

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

INTER-STAFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
6
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 and 31 December 2022
91,200
Depreciation and impairment
At 1 January 2022
50,471
Depreciation charged in the year
8,181
At 31 December 2022
58,652
Carrying amount
At 31 December 2022
32,548
At 31 December 2021
40,729
INTER-STAFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 6 -
4
Fixed asset investments
2022
2021
£
£
Other investments other than loans
17,154
63,826
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2022
63,826
Additions
6,265,062
At 31 December 2022
6,328,888
Impairment
At 1 January 2022
-
Disposals
6,311,734
At 31 December 2022
6,311,734
Carrying amount
At 31 December 2022
17,154
At 31 December 2021
63,826
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
135,390
41,602
Prepayments and accrued income
34,354
46,402
169,744
88,004
6
Creditors: amounts falling due within one year
2022
2021
£
£
Obligations under finance leases
-
0
833
Trade creditors
31,880
45,146
Corporation tax
89,591
23,602
Other taxation and social security
6,359
11,799
Other creditors
188,229
392,645
Accruals and deferred income
5,059
9,683
321,118
483,708
INTER-STAFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 7 -
7
Provisions for liabilities
2022
2021
£
£
Deferred tax liabilities
7,583
7,225
8
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
50
50
50
50
9
Financial commitments, guarantees and contingent liabilities

The company has provided a guarantee over the mortgages taken out by Inter-Staff UK LLP of £220,000 (2021 - £220,000). At 31 December 2022 the mortgages amounted to £5,504 (2021 - £37,694).

10
Related party transactions

Turnover includes £3,518,060 (2021- £4,038,343) which represents the company's share of profit from its membership of Inter-Staff UK LLP.

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