Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Sale of smart care systems2023-01-01truefalse12trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11947902 2023-01-01 2023-12-31 11947902 2022-01-01 2022-12-31 11947902 2023-12-31 11947902 2022-12-31 11947902 c:Director1 2023-01-01 2023-12-31 11947902 d:CurrentFinancialInstruments 2023-12-31 11947902 d:CurrentFinancialInstruments 2022-12-31 11947902 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11947902 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11947902 d:ShareCapital 2023-12-31 11947902 d:ShareCapital 2022-12-31 11947902 d:RetainedEarningsAccumulatedLosses 2023-12-31 11947902 d:RetainedEarningsAccumulatedLosses 2022-12-31 11947902 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11947902 c:OrdinaryShareClass1 2023-12-31 11947902 c:OrdinaryShareClass1 2022-12-31 11947902 c:FRS102 2023-01-01 2023-12-31 11947902 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11947902 c:FullAccounts 2023-01-01 2023-12-31 11947902 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11947902 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11947902














ASSURELINK COMPANY LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 DECEMBER 2023

 
ASSURELINK COMPANY LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
ASSURELINK COMPANY LTD
REGISTERED NUMBER:11947902

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
22,706
22,784

Debtors: amounts falling due within one year
 4 
1,858
2,039

Cash at bank and in hand
  
3,224
7,987

  
27,788
32,810

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(319,741)
(263,571)

Net current liabilities
  
 
 
(291,953)
 
 
(230,761)

  

Net liabilities
  
(291,953)
(230,761)


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
(291,954)
(230,762)

  
(291,953)
(230,761)


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 on 16 August 2024.




A Cheung
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
ASSURELINK COMPANY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Assurelink Company Ltd is a private company limited by shares and incorporated in England & Wales, with its registered office and principal place of business at Thremhall Park, Start Hill, Bishops Stortford, Hertfordshire CM22 7WE.
The principal activity of the company is that of the supply of home care systems.

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

The company made a loss in the period and has net current liabilities and net liabilities at the period end. The financial statements of the company have been prepared on a going concern basis, the validity of which is dependant on the continued support of the parent company. The director has obtained assurances from the parent company that funds will be made available to it so that it will be able to meet its financial obligations for at least twelve months from the date of approval of the financial statements.

 
2.3

Taxation

Tax is recognised in the Statement of Comprehensive Income, 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the Statement of Financial Position 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. Deferred tax is
determined using tax rates and laws that have been enacted or substantively enacted by the
reporting date.

Page 2

 
ASSURELINK COMPANY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount
is reduced to its selling price less costs to complete and sell. The impairment loss is recognised
immediately in Statement of Comprehensive Income.

 
2.5

Pensions

The company contributes to 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 the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and
other debtors, trade and other creditors, cash at bank and in hand, and loans to or from related
parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction
price less attributable transaction costs. Trade creditors, other creditors and loans from related
parties are recognised initially at transaction price plus attributable transaction costs. Subsequently
they are measured at amortised cost using the effective interest method, less any impairment losses
in the case of trade and other debtors, and loans to related parties.
Cash is represented by cash in hand and deposits with financial institutions.
 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
1,713
1,761

Prepayments and accrued income
145
278

1,858
2,039


Page 3

 
ASSURELINK COMPANY LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
282,721
226,603

Other creditors
33,552
33,553

Accruals and deferred income
3,468
3,415

319,741
263,571



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1



7.


Pension commitments

The company contributes to 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 £1,732 (2022 - £953). Contributions totalling £0 (2022 - £185) were payable to the fund at the reporting date and are included in creditors.


8.


Controlling party

The immediate and ultimate parent company is Assurelink Ltd, a company registered in Hong Kong.

 
Page 4