Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3117No description of principal activity2022-04-01false15truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04568765 2022-04-01 2023-03-31 04568765 2021-04-01 2022-03-31 04568765 2023-03-31 04568765 2022-03-31 04568765 2021-04-01 04568765 c:Director1 2022-04-01 2023-03-31 04568765 d:FurnitureFittings 2022-04-01 2023-03-31 04568765 d:FurnitureFittings 2023-03-31 04568765 d:FurnitureFittings 2022-03-31 04568765 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04568765 d:OfficeEquipment 2022-04-01 2023-03-31 04568765 d:OfficeEquipment 2023-03-31 04568765 d:OfficeEquipment 2022-03-31 04568765 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04568765 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04568765 d:Goodwill 2023-03-31 04568765 d:Goodwill 2022-03-31 04568765 d:CurrentFinancialInstruments 2023-03-31 04568765 d:CurrentFinancialInstruments 2022-03-31 04568765 d:Non-currentFinancialInstruments 2023-03-31 04568765 d:Non-currentFinancialInstruments 2022-03-31 04568765 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04568765 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04568765 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04568765 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04568765 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04568765 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 04568765 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04568765 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 04568765 d:ShareCapital 2023-03-31 04568765 d:ShareCapital 2022-03-31 04568765 d:RetainedEarningsAccumulatedLosses 2023-03-31 04568765 d:RetainedEarningsAccumulatedLosses 2022-03-31 04568765 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04568765 c:OrdinaryShareClass1 2023-03-31 04568765 c:OrdinaryShareClass1 2022-03-31 04568765 c:OrdinaryShareClass2 2022-04-01 2023-03-31 04568765 c:OrdinaryShareClass2 2023-03-31 04568765 c:OrdinaryShareClass2 2022-03-31 04568765 c:OrdinaryShareClass3 2022-04-01 2023-03-31 04568765 c:OrdinaryShareClass3 2023-03-31 04568765 c:FRS102 2022-04-01 2023-03-31 04568765 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04568765 c:FullAccounts 2022-04-01 2023-03-31 04568765 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04568765 d:WithinOneYear 2023-03-31 04568765 d:WithinOneYear 2022-03-31 04568765 d:BetweenOneFiveYears 2023-03-31 04568765 d:BetweenOneFiveYears 2022-03-31 04568765 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04568765 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 04568765 d:RetirementBenefitObligationsDeferredTax 2023-03-31 04568765 d:RetirementBenefitObligationsDeferredTax 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04568765










RELOCATION SUPPORT SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
RELOCATION SUPPORT SERVICES LIMITED
REGISTERED NUMBER: 04568765

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
16,328
17,505

  
16,328
17,505

Current assets
  

Debtors: amounts falling due within one year
 6 
683,480
482,321

Cash at bank and in hand
 7 
292,835
326,648

  
976,315
808,969

  

Creditors: amounts falling due within one year
 8 
(793,202)
(596,021)

Net current assets
  
 
 
183,113
 
 
212,948

Total assets less current liabilities
  
199,441
230,453

Creditors: amounts falling due after more than one year
 9 
(23,333)
(93,333)

Net assets
  
176,108
137,120


Capital and reserves
  

Called up share capital 
 12 
412
400

Profit and loss account
  
175,696
136,720

  
176,108
137,120


Page 1

 
RELOCATION SUPPORT SERVICES LIMITED
REGISTERED NUMBER: 04568765

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income 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 by: 




L S Bushnell
Director

Date: 12 October 2023

The notes on pages 3 to 14 form part of these financial statements.

Page 2

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Relocation Support Services Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is 2nd Floor Office, SC House, Vanwall Road, Maidenhead, Berkshire, SL6 4UW. 

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 following principal accounting policies have been applied:

  
2.2

Turnover

Turnover is measured at the fair value of consideration received or receivable for goods provided, net of value added tax.
Turnover from the rendering of services is recognised when the outcome of a transaction can be estimated reliably and turnover associated with this transaction shall be recognised when the company obtains the right to consideration.
Where the outcome of the transaction cannot be measured reliably, turnover is only recognised to the extent of the expenses recognised that are recoverable.

Page 3

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life.

 
2.5

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 4

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Office equipment
-
25%

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.

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

  
2.7

Hire purchase and leasing commitments

Assets acquired and held under finance lease or hire purchase contracts are capitalised in the balance sheet. Those held under finance leases are depreciated over the shorter of the lease term and the estimated useful life of the asset. Those held under hire purchase contracts are depreciated over the estimated useful life of the asset.
Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligation, exclusive of finances charges allocated to future periods, is recognised as a liability with the finance element charged to the profit and loss account over the relevant period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Page 5

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
Page 6

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are
Page 7

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

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.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 8

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.16

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 15).

Page 9

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
36,000



At 31 March 2023

36,000



Amortisation


At 1 April 2022
36,000



At 31 March 2023

36,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 10

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
81,323
33,554
114,877


Additions
-
8,530
8,530


Disposals
-
(750)
(750)



At 31 March 2023

81,323
41,334
122,657



Depreciation


At 1 April 2022
75,710
21,662
97,372


Charge for the year on owned assets
5,613
4,015
9,628


Disposals
-
(671)
(671)



At 31 March 2023

81,323
25,006
106,329



Net book value



At 31 March 2023
-
16,328
16,328



At 31 March 2022
5,613
11,892
17,505


6.


Debtors

2023
2022
£
£


Trade debtors
484,097
280,216

Prepayments and accrued income
21,631
13,257

Amounts recoverable on long term contracts
171,946
187,071

Deferred taxation
5,806
1,777

683,480
482,321



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
292,835
326,648


Page 11

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
70,000
70,000

Trade creditors
318,750
180,002

Corporation tax
101,897
64,806

Other taxation and social security
87,304
70,065

Other creditors
104,075
109,279

Accruals and deferred income
111,176
101,869

793,202
596,021


Interest is charged on the loan at a fixed rate of 2.5% per annum. The Company does not provide any
security for the loan and the loan can be repaid at any time without penalty.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,333
93,333


Interest is charged on the loan at a fixed rate of 2.5% per annum. The Company does not provide any
security for the loan and the loan can be repaid at any time without penalty.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Amounts falling due within one year
70,000
70,000

Amounts falling due 1-2 years
23,333
70,000

Amounts falling due 2-5 years
-
23,333

93,333
163,333


Page 12

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Deferred taxation




2023
2022


£

£






At beginning of year
1,777
2,655


Charged to profit or loss
4,029
(878)



At end of year
5,806
1,777

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
1,335
1,777

Short term timing differences
4,471
-

5,806
1,777


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) A Ordinary shares of £1.00 each
200
200
200 (2022 - 200) B Ordinary shares of £1.00 each
200
200
12 (2022 - nil) C Ordinary shares of £1.00 each
12
-

412

400


During the year 12 C Ordinary shares of £1.00 each were issued at nominal value.


13.


Pension commitments

The Company operates a defined contributions pension scheme. 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 £147,058 (2022: £105,131). Contributions totalling £17,882 (2022: £47,440) were payable to the fund at the balance sheet date and are included in creditors.

Page 13

 
RELOCATION SUPPORT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

14.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
11,075
11,075

Later than 1 year and not later than 5 years
22,150
10,152

33,225
21,227


15.


Related party transactions

At the year end included in other creditors is a balance of £30,211 (2022: £14,992 included in other debtors) owed to the Directors of the Company.

Page 14