Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-314No description of principal activityfalsefalsefalse2023-01-015trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10828333 2023-01-01 2023-12-31 10828333 2022-01-01 2022-12-31 10828333 2023-12-31 10828333 2022-12-31 10828333 c:Director1 2023-01-01 2023-12-31 10828333 d:CurrentFinancialInstruments 2023-12-31 10828333 d:CurrentFinancialInstruments 2022-12-31 10828333 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10828333 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10828333 d:ShareCapital 2023-12-31 10828333 d:ShareCapital 2022-12-31 10828333 d:RetainedEarningsAccumulatedLosses 2023-12-31 10828333 d:RetainedEarningsAccumulatedLosses 2022-12-31 10828333 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10828333 c:OrdinaryShareClass1 2023-12-31 10828333 c:OrdinaryShareClass1 2022-12-31 10828333 c:FRS102 2023-01-01 2023-12-31 10828333 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10828333 c:FullAccounts 2023-01-01 2023-12-31 10828333 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10828333 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10828333










FREELANCEUK.COM LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023



 
FREELANCEUK.COM LTD
REGISTERED NUMBER: 10828333

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
54,952
61,380

Cash at bank and in hand
  
79,907
73,247

  
134,859
134,627

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(117,017)
(119,898)

Net current assets
  
 
 
17,842
 
 
14,729

Total assets less current liabilities
  
17,842
14,729

  

Net assets
  
17,842
14,729


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
17,841
14,728

  
17,842
14,729


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 his 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: 

B F M Rozinthe
Director
Date: 7 March 2024

Page 1

 
FREELANCEUK.COM LTD
 

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

1.


General information

The company is a private company registered in England and Wales and is limited by shares. The address of the registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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 for services during the year, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

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.

Page 2

 
FREELANCEUK.COM LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 3

 
FREELANCEUK.COM LTD
 

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

2.Accounting policies (continued)

 
2.10

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.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 4).







4.


Debtors

2023
2022
£
£


Trade debtors
50,002
57,080

Other debtors
4,300
4,300

Prepayments and accrued income
650
-

54,952
61,380



5.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
6,340
5,015

Amounts owed to group undertakings
89,040
89,040

Corporation tax
712
513

Other taxation and social security
18,925
22,490

Accruals and deferred income
2,000
2,840

117,017
119,898


Page 4

 
FREELANCEUK.COM LTD
 

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

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



7.


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 £9,329 (2022: £5,905).
Contributions totalling £767 (2022: £1,582) were payable to the fund at the balance sheet date and are included in creditors.


8.


Related party transactions

At 31 December 2023 the company owed £89,040 (2022: £89,040) to Freelance.com SA, it's parent company. The loan is non-interest bearing and is repayable on demand.


9.


Controlling party

The Company is controlled by Freelance.com SA, by virtue of its 100% shareholding.


Page 5