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Registered number: 07815979









ETEACH GROUP SERVICES LIMITED









DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

 
ETEACH GROUP SERVICES LIMITED
 
 
COMPANY INFORMATION


Director
J P Howells 




Company secretary
I Weideman



Registered number
07815979



Registered office
1 Arlington Square
Downshire Way

Bracknell

RG12 1WA




Independent auditor
CLA Evelyn Partners Limited
Chartered Accountants & Statutory Auditor

45 Gresham Street

London

EC2V 7BG





 
ETEACH GROUP SERVICES LIMITED
 

CONTENTS



Page
Director's Report
1
Director's Responsibilities Statement
2
Independent Auditor's Report
3 - 6
Statement of Income and Retained Earnings
7
Balance Sheet
8
Notes to the Financial Statements
9 - 11


 
ETEACH GROUP SERVICES LIMITED
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 OCTOBER 2022

The director presents his report and the financial statements for the year ended 31 October 2022.

Principal activity

The principal activity of the Company is the provision of centralised employment services for the Eteach Group.

Director

The director who served during the year was:

J P Howells 

Disclosure of information to auditor

The director at the time when this Director's Report is approved has confirmed that:
so far as he is aware, there is no relevant audit information of which the Company's auditor is unaware; and
he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.
 
Auditor

The auditor, CLA Evelyn Partners Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





J P Howells
Director

Date: 1 November 2023

Page 1

 
ETEACH GROUP SERVICES LIMITED
 
 
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2022

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the director is required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent; and


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

 
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ETEACH GROUP SERVICES LIMITED
 

Opinion
We have audited the financial statements of Eteach Group Services Limited (the 'Company') for the year ended 31 October 2022 which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:
give a true and fair view of the state of the Company's affairs as at 31 October 2022 and of its profit for the year then ended;  
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
Page 3

 
ETEACH GROUP SERVICES LIMITED
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ETEACH GROUP SERVICES LIMITED

Other information
The other information comprises the information included in the Directors' Report and Financial Statements, other than the financial statements and our auditor’s report thereon. The director is responsible for the other information contained within the Directors' Report and Financial Statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Directors’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors’ Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to take advantage of the small companies' exemption in preparing the Directors Report and from the requirement to prepare a Strategic Report.

Responsibilities of directors
As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so. 

Page 4

 
ETEACH GROUP SERVICES LIMITED
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ETEACH GROUP SERVICES LIMITED

Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained a general understanding of the Company’s legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations and the entity’s policies and procedures regarding compliance.
We understand the Company complies with requirements of the framework through:
Updating operating procedures, manuals and internal controls as legal and regulatory requirements change;
The Directors' close involvement in the day-to-day running of the business, meaning that nay litigation or claims would come to their attention directly.
 
In the context of the audit, we considered those laws and regulations which determine the form and content of the financial statements, which are central to the Company's ability to conduct business and where failure to comply could result in material penalties. We have identified the following laws and regulations as being of significance in the context of the Company; 
The Companies Act 2006 and FRS 102 in respect of the preparation and presentation of the financial statements. 
 
The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur. The key areas identified as part of the discussion were with regard to the manipulation of the financial statements through manual journals. 
The procedures carried out to gain evidence in the above areas included; 
Testing of manual journal entries, selected based on specific risk assessments applied based on the client processes and controls surrounding manual journals; and 
Discussions with management and those charged with governance, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud.
 
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Page 5

 
ETEACH GROUP SERVICES LIMITED
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ETEACH GROUP SERVICES LIMITED

Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.








Nicholas Jacques (Senior Statutory Auditor)
  
for and on behalf of
CLA Evelyn Partners Limited
 
Chartered Accountants
Statutory Auditor
  
45 Gresham Street
London
EC2V 7BG

1 November 2023
Page 6

 
ETEACH GROUP SERVICES LIMITED
 
 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 OCTOBER 2022

2022
2021
£
£


Turnover
3,913,092
3,609,406

Cost of sales
(3,911,666)
(3,607,449)

Gross profit
1,426
1,957

Administrative expenses
(2)
(183)

Operating profit
1,424
1,774

Profit before tax
1,424
1,774

Tax on profit
-
-

Profit after tax
1,424
1,774


Retained earnings at the beginning of the year
(328,291)
(330,065)

Profit for the year
1,424
1,774

Retained earnings at the end of the year
(326,867)
(328,291)

The notes on pages 9 to 11 form part of these financial statements.

Page 7

 
ETEACH GROUP SERVICES LIMITED
REGISTERED NUMBER:07815979

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,814
8,808

Cash at bank and in hand
  
7,106
13,571

  
9,920
22,379

Creditors: amounts falling due within one year
 5 
(336,785)
(350,668)

Net current liabilities
  
 
 
(326,865)
 
 
(328,289)

  

Net liabilities
  
(326,865)
(328,289)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(326,867)
(328,291)

Shareholders' deficit
  
(326,865)
(328,289)


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 were approved and authorised for issue by the board and were signed on its behalf by: 




J P Howells
Director

Date: 1 November 2023

The notes on pages 9 to 11 form part of these financial statements.

Page 8

 
ETEACH GROUP SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Eteach Group Services Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 07815979). The registered office address is 1 Arlington Square, Downshire Way, Bracknell, RG12 1WA.
The Company's functional and presentational currency is GBP.

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

Going concern

The financial statements have been prepared on a going concern basis. The Company made a profit of £1,424 (2021 - £1,774) for the year ended 31 October 2022 and had net liabilities of £326,865 (2021 - £328,289) at the balance sheet date.
The director considers it appropriate to use the going concern basis in preparing the financial statements on the basis of ongoing support from The Eteach Group Limited, its parent company, to provide adequate funds to enable the Company to meet its liabilities as and when they fall due. The Company has received a letter of support from the Parent Company confirming that it will support the Company for a period of at least twelve months from the date of approval of these financial statements. 
The directors have assessed, based on current projections, that there is reasonable assurance the Company will have adequate resources to meet the on-going costs of the business for a minimum of 12 months from the date of signing the financial statements.

 
2.3

Turnover

Turnover represents sales at invoiced amounts less value added tax to other companies within the group. Turnover is recognised when the service is invoiced. 

 
2.4

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.

Page 9

 
ETEACH GROUP SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
2.6

Taxation

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 75 (2021 - 74).

Page 10

 
ETEACH GROUP SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Debtors

2022
2021
£
£


Other debtors
2,814
8,808



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
207,542
250,838

Other taxation and social security
123,619
94,208

Other creditors
148
148

Accruals and deferred income
5,476
5,474

336,785
350,668



6.


Related party transactions

The Company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned group entities.


7.


Controlling party

The immediate and ultimate parent undertaking is The Eteach Group Limited, a company registered in England and Wales.
The largest and smallest group of undertakings for which group accounts for the year ended 31 October 2022 have been drawn up, is that headed by The Eteach Group Limited. The registered office address of The Eteach Group Limited is 1 Arlington Square, Downshire Way, Bracknell, RG12 1WA. Copies of the group accounts are available from Companies House.
The ultimate controlling party is J P Howells, by virtue of his shareholding and directorship in the ultimate parent undertaking.

Page 11