Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-3192023-01-01falserecruitment consultancy7falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02989617 2023-01-01 2023-12-31 02989617 2022-01-01 2022-12-31 02989617 2023-12-31 02989617 2022-12-31 02989617 2022-01-01 02989617 c:Director1 2023-01-01 2023-12-31 02989617 d:OfficeEquipment 2023-01-01 2023-12-31 02989617 d:OfficeEquipment 2023-12-31 02989617 d:OfficeEquipment 2022-12-31 02989617 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02989617 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 02989617 d:OtherPropertyPlantEquipment 2023-12-31 02989617 d:OtherPropertyPlantEquipment 2022-12-31 02989617 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02989617 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02989617 d:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2023-12-31 02989617 d:ComputerSoftware 2023-12-31 02989617 d:ComputerSoftware 2022-12-31 02989617 d:CurrentFinancialInstruments 2023-12-31 02989617 d:CurrentFinancialInstruments 2022-12-31 02989617 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02989617 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02989617 d:ShareCapital 2023-12-31 02989617 d:ShareCapital 2022-12-31 02989617 d:RetainedEarningsAccumulatedLosses 2023-12-31 02989617 d:RetainedEarningsAccumulatedLosses 2022-12-31 02989617 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02989617 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 02989617 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 02989617 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 02989617 c:OrdinaryShareClass1 2023-01-01 2023-12-31 02989617 c:OrdinaryShareClass1 2023-12-31 02989617 c:OrdinaryShareClass1 2022-12-31 02989617 c:OrdinaryShareClass2 2023-01-01 2023-12-31 02989617 c:OrdinaryShareClass2 2023-12-31 02989617 c:OrdinaryShareClass2 2022-12-31 02989617 c:FRS102 2023-01-01 2023-12-31 02989617 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02989617 c:FullAccounts 2023-01-01 2023-12-31 02989617 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02989617 2 2023-01-01 2023-12-31 02989617 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02989617









ALDRICH & CO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ALDRICH & CO LIMITED
REGISTERED NUMBER: 02989617

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
13,830
23,574

Tangible assets
 5 
18,754
10,815

  
32,584
34,389

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
123,114
127,099

Cash at bank and in hand
  
401,062
509,163

  
524,176
636,262

Creditors: amounts falling due within one year
 7 
(186,092)
(350,466)

NET CURRENT ASSETS
  
 
 
338,084
 
 
285,796

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(5,835)
(7,735)

NET ASSETS
  
364,833
312,450


CAPITAL AND RESERVES
  

Called up share capital 
 9 
42
42

Profit and loss account
  
364,791
312,408

  
364,833
312,450


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ALDRICH & CO LIMITED
REGISTERED NUMBER: 02989617
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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




Mrs E C Aldrich
Director

Date: 20 February 2024

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

Page 2

 
ALDRICH & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Aldirch and Co. Limited is a private company, limited by shares, incorporated in England and Wales. The Company's registered office is 106 Salisbury House, Finsbury Circus, London, EC2M 5QQ.
The financial statements are presented in GBP, which is the functional currency of the Company.

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 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 comprises revenue recognised by the company in respect of recruitment services during the year, exclusive of Value Added Tax. Revenue is recognised as the fair value of the consideration received or receivable and is recognised on placement of the candidate.

 
2.3

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:

Computer software
-
5
years

Page 3

 
ALDRICH & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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, using the straight-line method.

The estimated useful lives range as follows:

Office and computer equipment
-
3 / 4 years
Leasehold improvements
-
over the period of the lease

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 4

 
ALDRICH & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

DIVIDENDS

Equity dividends are recognised when they become legally payable. 

 
2.11

OPERATING LEASES

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

 
2.12

PENSIONS

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 Company also makes payments to the personal pension plan of the director.

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.

 
2.13

INTEREST INCOME

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

 
2.14

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 5

 
ALDRICH & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


EMPLOYEES

The director considers it seriously prejudicial to the interests of the Company to disclose the average monthly number of temporary staff employed by the Company.


The average monthly number of administrative and support staff, including directors, during the year was 9 (2022 - 7). 


4.


INTANGIBLE ASSETS




Computer software

£



COST


At 1 January 2023
48,746



At 31 December 2023

48,746



AMORTISATION


At 1 January 2023
25,172


Charge for the year on owned assets
9,744



At 31 December 2023

34,916



NET BOOK VALUE



At 31 December 2023
13,830



At 31 December 2022
23,574



Page 6

 
ALDRICH & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


TANGIBLE FIXED ASSETS





Office equipment
Other fixed assets
Total

£
£
£



COST


At 1 January 2023
91,477
17,148
108,625


Additions
14,376
-
14,376


Disposals
(3,260)
-
(3,260)



At 31 December 2023

102,593
17,148
119,741



DEPRECIATION


At 1 January 2023
80,662
17,148
97,810


Charge for the year on owned assets
5,350
-
5,350


Disposals
(2,173)
-
(2,173)



At 31 December 2023

83,839
17,148
100,987



NET BOOK VALUE



At 31 December 2023
18,754
-
18,754



At 31 December 2022
10,815
-
10,815


6.


DEBTORS

2023
2022
£
£


Trade debtors
63,326
76,368

Other debtors
-
17,679

Prepayments and accrued income
59,788
33,052

123,114
127,099


Page 7

 
ALDRICH & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
-
44,167

Trade creditors
23,027
46,540

Corporation tax
30,503
67,328

Other taxation and social security
88,363
154,846

Other creditors
18,082
20,165

Accruals and deferred income
26,117
17,420

186,092
350,466


Bank loans comprise of a Coronavirus Business Interruption Loan Scheme ("CBILS"), Which was drawn down in August 2020. There are no fees or interest payable in the first 12 months. After this 12 month period, interest has been charged at 1.95% over the base rate.
Included within other creditors are amounts due to defined contribution pension schemes of £7,823 (2022 - £14,313).

Page 8

 
ALDRICH & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
(7,735)
(10,156)


Charged to profit or loss
1,900
2,421



AT END OF YEAR
(5,835)
(7,735)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
7,578
8,029

Short term timing differences
(1,743)
(294)

5,835
7,735


9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



40 (2022 - 40) Ordinary shares of £1.00 each
40
40
2 (2022 - 2) 'A' Ordinary shares of £1.00 each
2
2

42

42



10.OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included in the Balance Sheet amount to £115,057 (2022 - £166,505).

 
Page 9