Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrueNo description of principal activity2023-01-0122trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03574763 2023-01-01 2023-12-31 03574763 2022-07-01 2022-12-31 03574763 2023-12-31 03574763 2022-12-31 03574763 c:Director2 2023-01-01 2023-12-31 03574763 d:PlantMachinery 2023-01-01 2023-12-31 03574763 d:PlantMachinery 2023-12-31 03574763 d:PlantMachinery 2022-12-31 03574763 d:CurrentFinancialInstruments 2023-12-31 03574763 d:CurrentFinancialInstruments 2022-12-31 03574763 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03574763 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03574763 d:ShareCapital 2023-12-31 03574763 d:ShareCapital 2022-12-31 03574763 d:RetainedEarningsAccumulatedLosses 2023-12-31 03574763 d:RetainedEarningsAccumulatedLosses 2022-12-31 03574763 c:FRS102 2023-01-01 2023-12-31 03574763 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03574763 c:FullAccounts 2023-01-01 2023-12-31 03574763 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03574763 2 2023-01-01 2023-12-31 03574763 6 2023-01-01 2023-12-31 03574763 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03574763









CONTRACTOR UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CONTRACTOR UK LIMITED
REGISTERED NUMBER: 03574763

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 6 
-
100

  
-
100

Current assets
  

Debtors: amounts falling due within one year
 7 
-
50,914

Cash at bank and in hand
  
286
185,677

  
286
236,591

Creditors: amounts falling due within one year
 8 
-
(150,789)

Net current assets
  
 
 
286
 
 
85,802

Total assets less current liabilities
  
286
85,902

  

Net assets
  
286
85,902


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
186
85,802

  
286
85,902


Page 1

 
CONTRACTOR UK LIMITED
REGISTERED NUMBER: 03574763
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 30 June 2024.




O E N Martin
Director

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

Page 2

 
CONTRACTOR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Contractor UK Limited is a private limited company limited by shares and incorporated in England and Wales. The address of its registered office is Suite 8 Kd Tower, Cotterells, Hemel Hempstead, Hertfordshire, HP1 1FW. 

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 Company has previously changed its year end from 30 June 2023 to 31 December 2022 . This has resulted in the 31 December 2022 comparatives representing a 6 month period.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The Company has ceased trading at year end and all assets and liablities have been transferred to subsidiary company Free-Work Group Limited.

 
2.4

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.

 
2.5

Interest income

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

  
2.6

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

 
CONTRACTOR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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 reporting date in the countries where the Company operates and generates income.

 
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.

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.

Depreciation is provided on the following basis:

Plant and machinery
-
4 years

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

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.

Page 4

 
CONTRACTOR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price.

  
2.12

Financial instruments

The Company only enters into basical financial instrument transactions that result in the recognition of the 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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.


4.


Employees

31 December
Period ended
31 December
2023
2022
£
£

Wages and salaries
114,407
61,831

114,407
61,831


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
CONTRACTOR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2023
40,606



At 31 December 2023

40,606



Depreciation


At 1 January 2023
40,606



At 31 December 2023

40,606



Net book value



At 31 December 2023
-



At 31 December 2022
-


6.


Fixed asset investments





Investments in subsidiary companies

£





At 1 January 2023
100


Additions
30,000


Disposals
(30,100)



At 31 December 2023
-




The investment in subsidiary Free-Work Group Limited  of £30,100  has been distributed to its parent Free- Work Group (French entity).

Page 6

 
CONTRACTOR UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
-
50,914

-
50,914



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
34,752

Amounts owed to group undertakings
-
83,142

Corporation tax
-
25,525

Other taxation and social security
-
4,070

Accruals and deferred income
-
3,300

-
150,789



9.


Related party transactions

The company has taken advantage of the exemption in FRS 102 from the requirement to disclose
transactions with group companies on the grounds that the company is a wholly owned subsidiary.


10.


Group Restructure

On 5 December 2023 the parent company Contractor UK Limited and its subsidiary Free-Work Group Limited entered into an asset purchase deed. As per the agreement Contractor UK Limited sold its assets, liabilities and business to Free-Work Group Limited for a consideration of £30,000. This was settled by way of share allotment and issue of 30,000 shares  by Free-Work Group Limited to Contractor UK  Limited.                                                                                                                         

As part of reorganising the group structure Contractor UK Limited distributed the £30,100 shares investment in subsidiary Free-Work Group Limited to its parent Free- Work Group (French entity) making Free-Work Group (French entity ) the immediate parent for Free- Work Group Limited.

 
Page 7