Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-11-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10441885 2022-11-01 2023-10-31 10441885 2021-11-01 2022-10-31 10441885 2023-10-31 10441885 2022-10-31 10441885 c:Director1 2022-11-01 2023-10-31 10441885 c:RegisteredOffice 2022-11-01 2023-10-31 10441885 d:CurrentFinancialInstruments 2023-10-31 10441885 d:CurrentFinancialInstruments 2022-10-31 10441885 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10441885 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 10441885 d:ShareCapital 2023-10-31 10441885 d:ShareCapital 2022-10-31 10441885 d:RetainedEarningsAccumulatedLosses 2023-10-31 10441885 d:RetainedEarningsAccumulatedLosses 2022-10-31 10441885 c:OrdinaryShareClass1 2022-11-01 2023-10-31 10441885 c:OrdinaryShareClass1 2023-10-31 10441885 c:OrdinaryShareClass1 2022-10-31 10441885 c:FRS102 2022-11-01 2023-10-31 10441885 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10441885 c:FullAccounts 2022-11-01 2023-10-31 10441885 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10441885 d:WithinOneYear 2023-10-31 10441885 d:WithinOneYear 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 10441885












BRITISH AMERICAN HOUSEHOLD STAFFING UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

 

BRITISH AMERICAN HOUSEHOLD STAFFING UK LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2
Notes to the financial statements
 
3 - 7

 

BRITISH AMERICAN HOUSEHOLD STAFFING UK LIMITED
 
COMPANY INFORMATION


Director
A Rogers 




Registered number
10441885



Registered office
16 Great Queen Street
Covent Garden

London

WC2B 5AH




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:10441885
BRITISH AMERICAN HOUSEHOLD STAFFING UK LIMITED

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
12,955
19,643

Bank and cash balances
  
75,025
60,962

  
87,980
80,605

Creditors: amounts falling due within one year
 5 
(23,628)
(23,017)

Net current assets
  
 
 
64,352
 
 
57,588

Total assets less current liabilities
  
64,352
57,588

  

Net assets
  
64,352
57,588


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
64,351
57,587

Total equity
  
64,352
57,588


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 profit and loss account 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: 




A Rogers
Director

Date: 31 July 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 

BRITISH AMERICAN HOUSEHOLD STAFFING UK LIMITED

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

1.


General information

British American Household Staffing UK Ltd is a private company limited by shares and registered in England and Wales. The Company’s registered number is 10441885 and the Company’s registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£).

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

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
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, 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.

 
2.4

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.

Page 3

 

BRITISH AMERICAN HOUSEHOLD STAFFING UK LIMITED

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

2.Accounting policies (continued)

 
2.5

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.

  
2.6

Share capital

Ordinary shares are classified as equity.


2.7

Financial instruments

The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. 
 
The Company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 4

 

BRITISH AMERICAN HOUSEHOLD STAFFING UK LIMITED

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

2.Accounting policies (continued)




Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the Company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
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.

 
2.8

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 1 (2022 - 1).

Page 5

 

BRITISH AMERICAN HOUSEHOLD STAFFING UK LIMITED

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

4.


Debtors

2023
2022
£
£


Other debtors
11,914
11,313

Prepayments and accrued income
1,041
8,330

12,955
19,643



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
3,815
11,344

Other creditors
17,113
8,973

Accruals and deferred income
2,700
2,700

23,628
23,017



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



7.


Commitments under operating leases

At 31 October 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
3,400
20,400

3,400
20,400

Page 6

 

BRITISH AMERICAN HOUSEHOLD STAFFING UK LIMITED

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

8.


Related party transactions

During the year companies under common control paid expenses on behalf of British American Household Staffing UK Limited (BAHS UK Ltd) totalling £8,140 (2022: £3,463). As at the balance sheet date, British American Household Staffing UK Limited owed £17,113 (2022: £8,973) to companies under common control.
During the year, BAHS UK Ltd made payments to the director totalling £10,101 (2022: £7,969) and dividends were declared to the director totalling £9,500 (2022: £nil). As at the balance sheet date, BAHS UK Ltd was owed £9,952 (2022: £9,351) by the director. This balance was repaid to the company within 9 months of  the balance sheet date.

 
Page 7