Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30true2022-07-01falseNo description of principal activity1514falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04805430 2022-07-01 2023-06-30 04805430 2021-07-01 2022-06-30 04805430 2023-06-30 04805430 2022-06-30 04805430 c:Director1 2022-07-01 2023-06-30 04805430 c:Director2 2022-07-01 2023-06-30 04805430 d:PlantMachinery 2022-07-01 2023-06-30 04805430 d:PlantMachinery 2023-06-30 04805430 d:PlantMachinery 2022-06-30 04805430 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04805430 d:CurrentFinancialInstruments 2023-06-30 04805430 d:CurrentFinancialInstruments 2022-06-30 04805430 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04805430 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 04805430 d:ShareCapital 2023-06-30 04805430 d:ShareCapital 2022-06-30 04805430 d:CapitalRedemptionReserve 2023-06-30 04805430 d:CapitalRedemptionReserve 2022-06-30 04805430 d:RetainedEarningsAccumulatedLosses 2023-06-30 04805430 d:RetainedEarningsAccumulatedLosses 2022-06-30 04805430 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 04805430 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 04805430 d:OtherDeferredTax 2023-06-30 04805430 d:OtherDeferredTax 2022-06-30 04805430 c:OrdinaryShareClass1 2022-07-01 2023-06-30 04805430 c:OrdinaryShareClass1 2023-06-30 04805430 c:OrdinaryShareClass1 2022-06-30 04805430 c:OrdinaryShareClass2 2022-07-01 2023-06-30 04805430 c:OrdinaryShareClass2 2023-06-30 04805430 c:OrdinaryShareClass2 2022-06-30 04805430 c:OrdinaryShareClass3 2022-07-01 2023-06-30 04805430 c:OrdinaryShareClass3 2023-06-30 04805430 c:OrdinaryShareClass3 2022-06-30 04805430 c:OrdinaryShareClass4 2022-07-01 2023-06-30 04805430 c:OrdinaryShareClass4 2023-06-30 04805430 c:OrdinaryShareClass4 2022-06-30 04805430 c:FRS102 2022-07-01 2023-06-30 04805430 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 04805430 c:FullAccounts 2022-07-01 2023-06-30 04805430 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04805430










AUSTRALASIAN RECRUITMENT COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
AUSTRALASIAN RECRUITMENT COMPANY LIMITED
REGISTERED NUMBER: 04805430

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,344
33,826

  
25,344
33,826

Current assets
  

Debtors: amounts falling due within one year
 5 
567,033
823,413

Cash at bank and in hand
  
792,291
862,528

  
1,359,324
1,685,941

Creditors: amounts falling due within one year
 6 
(561,395)
(776,071)

Net current assets
  
 
 
797,929
 
 
909,870

Total assets less current liabilities
  
823,273
943,696

Provisions for liabilities
  

Deferred tax
  
(4,954)
(6,581)

  
 
 
(4,954)
 
 
(6,581)

Net assets
  
818,319
937,115


Capital and reserves
  

Called up share capital 
  
2
2

Capital redemption reserve
  
1
1

Profit and loss account
  
818,316
937,112

  
818,319
937,115


Page 1

 
AUSTRALASIAN RECRUITMENT COMPANY LIMITED
REGISTERED NUMBER: 04805430
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 31 October 2023.




Mr J Nicholls
Ms S Webster
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
AUSTRALASIAN RECRUITMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Australasian Recruitment Company Limited is a private company (company number: 04805430) limited by shares incorporated in England and Wales. The registered office is 179-181 West End Lane, West Hampstead, London, NW6 2LH.

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

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:

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
AUSTRALASIAN RECRUITMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Share-based payments

In accordance with the Amendments to FRS 102 issued in July 2015 the company has decided not to apply section 26 on share-based payment transactions. This is because the Company's Enterprise Management Incentives share option scheme options were granted before the date of transition to FRS 102 and had previously not been accounted for under FRS 20 or IFRS 2.
Accordingly, the Company provides the disclosures required within the notes to the Financial Statements but does not measure the value of the equity instruments granted.

 
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.

Page 4

 
AUSTRALASIAN RECRUITMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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


Plant and machinery
-
25%
reducing balance

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.

 
2.9

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.

 
2.10

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.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 14).

Page 5

 
AUSTRALASIAN RECRUITMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2022
123,839



At 30 June 2023

123,839



Depreciation


At 1 July 2022
90,013


Charge for the year on owned assets
8,482



At 30 June 2023

98,495



Net book value



At 30 June 2023
25,344



At 30 June 2022
33,826


5.


Debtors

2023
2022
£
£


Trade debtors
542,510
785,472

Other debtors
7,023
20,441

Prepayments and accrued income
17,500
17,500

567,033
823,413


Page 6

 
AUSTRALASIAN RECRUITMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
12,544
3,806

Corporation tax
77,542
56,176

Other taxation and social security
385,184
596,579

Other creditors
14,499
11,218

Accruals and deferred income
71,626
108,292

561,395
776,071



7.


Deferred taxation




2023


£






At beginning of year
(6,581)


Utilised in year
1,627



At end of year
(4,954)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(5,337)
(7,124)

Short term timing differences
383
543

(4,954)
(6,581)

Page 7

 
AUSTRALASIAN RECRUITMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary A shares shares of £0.0001- each
1
1
10,000 (2022 - 10,000) Ordinary B shares shares of £0.0001- each
1
1
1,750 (2022 - 1,750) Ordinary C shares shares of £0.0001- each
-
-
875 (2022 - 875) Ordinary D shares shares of £0.0001- each
-
-

2

2

During the preceding year the Company's existing 20,000 ordinary shares were converted to 10,000 A ordinary shares and 10,000 B ordinary shares. 



9.


Share-based payments

Options have been granted under the company's Enterprise Management Incentives share option scheme. These options can be exercised at the time of disposal of the company's shares.
Options granted are as follows:
Number of shares under option as at 1 July 2022     :    983
Number of shares which lapsed during the year       :   (    -)
Number of shares under option as at 30 June 2023  :    983

 
Page 8