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REGISTERED NUMBER: 09098826 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2023

FOR

STAFF ABSENCE MANAGEMENT LTD

STAFF ABSENCE MANAGEMENT LTD (REGISTERED NUMBER: 09098826)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STAFF ABSENCE MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 NOVEMBER 2023







DIRECTORS: S R J Birch
Mrs K Birch





SECRETARY: Mrs K Birch





REGISTERED OFFICE: First Floor Unit A
Cedar Court Office Park
Denby Dale Road
Wakefield
West Yorkshire
WF4 3FU





REGISTERED NUMBER: 09098826 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

STAFF ABSENCE MANAGEMENT LTD (REGISTERED NUMBER: 09098826)

STATEMENT OF FINANCIAL POSITION
29 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 507,764 442,255
Tangible assets 6 55,022 49,826
562,786 492,081

CURRENT ASSETS
Debtors 7 931,250 703,986
Prepayments and accrued income 95,099 76,840
Cash at bank 19,188 8,441
1,045,537 789,267
CREDITORS
Amounts falling due within one year 8 (820,959 ) (309,131 )
NET CURRENT ASSETS 224,578 480,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

787,364

972,217

CREDITORS
Amounts falling due after more than one
year

9

(84,709

)

(127,568

)

ACCRUALS AND DEFERRED INCOME (1,266,899 ) (844,591 )
NET (LIABILITIES)/ASSETS (564,244 ) 58

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (564,246 ) 56
(564,244 ) 58

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STAFF ABSENCE MANAGEMENT LTD (REGISTERED NUMBER: 09098826)

STATEMENT OF FINANCIAL POSITION - continued
29 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:




S R J Birch - Director



Mrs K Birch - Director


STAFF ABSENCE MANAGEMENT LTD (REGISTERED NUMBER: 09098826)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

1. STATUTORY INFORMATION

Staff Absence Management Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 09098826 and the registered office address is First Floor, Unit A Cedar Court Office Park, Denby Dale Road, Wakefield, WF4 3FU.

The principal activity of the company is that of business support services.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Functional currency
The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

STAFF ABSENCE MANAGEMENT LTD (REGISTERED NUMBER: 09098826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Impairment of non financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2022 - 30 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 30 November 2022 746,178
Additions 512,263
At 29 November 2023 1,258,441
AMORTISATION
At 30 November 2022 303,923
Amortisation for year 446,754
At 29 November 2023 750,677
NET BOOK VALUE
At 29 November 2023 507,764
At 29 November 2022 442,255

STAFF ABSENCE MANAGEMENT LTD (REGISTERED NUMBER: 09098826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 30 November 2022 28,690 42,255 29,995 100,940
Additions 20,321 665 - 20,986
At 29 November 2023 49,011 42,920 29,995 121,926
DEPRECIATION
At 30 November 2022 14,310 26,962 9,842 51,114
Charge for year 6,793 3,959 5,038 15,790
At 29 November 2023 21,103 30,921 14,880 66,904
NET BOOK VALUE
At 29 November 2023 27,908 11,999 15,115 55,022
At 29 November 2022 14,380 15,293 20,153 49,826

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 293,719 248,927
Amounts owed by group undertakings 392,541 270,419
Other debtors 244,990 184,640
931,250 703,986

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,976 4,640
Hire purchase contracts 5,226 8,329
Trade creditors 95,346 66,228
Amounts owed to group undertakings 360,532 5,258
Taxation and social security 164,728 134,541
Other creditors 190,151 90,135
820,959 309,131

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 10,857 16,194
Hire purchase contracts - 5,226
Other creditors 73,852 106,148
84,709 127,568

STAFF ABSENCE MANAGEMENT LTD (REGISTERED NUMBER: 09098826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 5,226 13,555

Hire purchase liabilities are secured against the fixed assets to which they relate.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 November 2023 and 29 November 2022:

2023 2022
£    £   
Mrs K Birch and S R J Birch
Balance outstanding at start of year 98,730 42,101
Amounts advanced 77,385 67,578
Amounts repaid (11,304 ) (10,949 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 164,811 98,730

12. GOING CONCERN

The directors are responsible for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006.

As such the fundamental accounting concept relating to "Going Concern" has been considered when preparing these financial statements.

The directors can confirm that the company has secured new investors meaning that the financial statements can be prepared under the "Going Concern" principles as defined under FRS 102 1A and the Companies Act 2006 applicable to the small companies regime.