Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31true2022-08-01falsetrueNo description of principal activity2929The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09723896 2022-08-01 2023-07-31 09723896 2021-08-01 2022-07-31 09723896 2023-07-31 09723896 2022-07-31 09723896 c:Director1 2022-08-01 2023-07-31 09723896 d:MotorVehicles 2022-08-01 2023-07-31 09723896 d:MotorVehicles 2023-07-31 09723896 d:MotorVehicles 2022-07-31 09723896 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09723896 d:OfficeEquipment 2022-08-01 2023-07-31 09723896 d:OfficeEquipment 2023-07-31 09723896 d:OfficeEquipment 2022-07-31 09723896 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09723896 d:ComputerEquipment 2022-08-01 2023-07-31 09723896 d:ComputerEquipment 2023-07-31 09723896 d:ComputerEquipment 2022-07-31 09723896 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09723896 d:OtherPropertyPlantEquipment 2022-08-01 2023-07-31 09723896 d:OtherPropertyPlantEquipment 2023-07-31 09723896 d:OtherPropertyPlantEquipment 2022-07-31 09723896 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09723896 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09723896 d:Goodwill 2022-08-01 2023-07-31 09723896 d:Goodwill 2023-07-31 09723896 d:Goodwill 2022-07-31 09723896 d:CurrentFinancialInstruments 2023-07-31 09723896 d:CurrentFinancialInstruments 2022-07-31 09723896 d:Non-currentFinancialInstruments 2023-07-31 09723896 d:Non-currentFinancialInstruments 2022-07-31 09723896 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09723896 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09723896 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 09723896 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 09723896 d:ShareCapital 2023-07-31 09723896 d:ShareCapital 2022-07-31 09723896 d:RetainedEarningsAccumulatedLosses 2023-07-31 09723896 d:RetainedEarningsAccumulatedLosses 2022-07-31 09723896 c:FRS102 2022-08-01 2023-07-31 09723896 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09723896 c:FullAccounts 2022-08-01 2023-07-31 09723896 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09723896 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 09723896










QUALITY TEACHER RECRUITMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
QUALITY TEACHER RECRUITMENT LIMITED
REGISTERED NUMBER: 09723896

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
48,193
10,386

  
48,193
10,386

Current assets
  

Debtors: amounts falling due within one year
 6 
25,904
13,886

Cash at bank and in hand
 7 
145,987
153,609

  
171,891
167,495

Creditors: amounts falling due within one year
 8 
(60,479)
(63,847)

Net current assets
  
 
 
111,412
 
 
103,648

Total assets less current liabilities
  
159,605
114,034

Creditors: amounts falling due after more than one year
 9 
(23,679)
-

Provisions for liabilities
  

Deferred tax
  
(11,299)
(1,973)

  
 
 
(11,299)
 
 
(1,973)

Net assets
  
124,627
112,061


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
124,626
112,060

  
124,627
112,061


Page 1

 
QUALITY TEACHER RECRUITMENT LIMITED
REGISTERED NUMBER: 09723896
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The director considers 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 director acknowledges her 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 income statement 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: 




................................................
R Birrell
Director

Date: 10 January 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
QUALITY TEACHER RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Quality Teacher Recruitment Limited is a private company limited by shares and incorporated in England and Wales, registration number 9723896. The registered office is Little Hinton, The Street, Hempnall, Norwich NR15 2AD.

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 presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

 
QUALITY TEACHER RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
5
years

 
2.7

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Office equipment
-
15%
Reducing balance
Computer equipment
-
15%
Reducing balance
Other fixed assets
-
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.

Page 4

 
QUALITY TEACHER RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
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 29 (2022 - 29).

Page 5

 
QUALITY TEACHER RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 August 2022
50,000



At 31 July 2023

50,000



Amortisation


At 1 August 2022
50,000



At 31 July 2023

50,000



Net book value



At 31 July 2023
-



At 31 July 2022
-



Page 6

 
QUALITY TEACHER RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 August 2022
25,100
1,537
2,785
-
29,422


Additions
55,224
2,001
-
3,330
60,555


Disposals
(25,100)
-
-
-
(25,100)



At 31 July 2023

55,224
3,538
2,785
3,330
64,877



Depreciation


At 1 August 2022
17,158
610
1,268
-
19,036


Charge for the year on owned assets
13,806
439
228
333
14,806


Disposals
(17,158)
-
-
-
(17,158)



At 31 July 2023

13,806
1,049
1,496
333
16,684



Net book value



At 31 July 2023
41,418
2,489
1,289
2,997
48,193



At 31 July 2022
7,942
927
1,517
-
10,386

Page 7

 
QUALITY TEACHER RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
25,904
13,886

25,904
13,886



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
145,987
153,609

145,987
153,609



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,360

Corporation tax
-
2,741

Other taxation and social security
20,031
19,500

Obligations under finance lease and hire purchase contracts
6,042
-

Other creditors
32,949
38,921

Accruals and deferred income
1,457
1,325

60,479
63,847



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
23,679
-

23,679
-


Page 8

 
QUALITY TEACHER RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


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 £5,394. Contributions totalling £2,777 were payable to the fund at the reporting date and are included in creditors.

 
Page 9