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REGISTERED NUMBER: 02887140 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Careerwise (U.K.) Limited

Careerwise (U.K.) Limited (Registered number: 02887140)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Careerwise (U.K.) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Norris





SECRETARY: Mrs H Norris





REGISTERED OFFICE: No 2 Gipsy Hill
Upper Norwood
London
SE19 1NL





REGISTERED NUMBER: 02887140 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Careerwise (U.K.) Limited (Registered number: 02887140)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 211,212 220,758

CURRENT ASSETS
Debtors 5 2,558,631 3,399,214
Cash at bank and in hand 1,865,721 1,294,711
4,424,352 4,693,925
CREDITORS
Amounts falling due within one year 6 (2,029,699 ) (2,363,580 )
NET CURRENT ASSETS 2,394,653 2,330,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,605,865

2,551,103

CREDITORS
Amounts falling due after more than one year 7 - (86,842 )
NET ASSETS 2,605,865 2,464,261

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,605,765 2,464,161
SHAREHOLDERS' FUNDS 2,605,865 2,464,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Careerwise (U.K.) Limited (Registered number: 02887140)

Balance Sheet - continued
31 December 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 director and authorised for issue on 1 August 2024 and were signed by:





K Norris - Director


Careerwise (U.K.) Limited (Registered number: 02887140)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Careerwise (U.K.) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Income is recognised during the year when the company provides goods and services in the normal course of business and represents amounts receivable net of discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance and 15% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

Careerwise (U.K.) Limited (Registered number: 02887140)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 410,386 185,724 596,110
Disposals - (111,634 ) (111,634 )
At 31 December 2023 410,386 74,090 484,476
DEPRECIATION
At 1 January 2023 195,300 180,052 375,352
Charge for year 8,208 1,338 9,546
Eliminated on disposal - (111,634 ) (111,634 )
At 31 December 2023 203,508 69,756 273,264
NET BOOK VALUE
At 31 December 2023 206,878 4,334 211,212
At 31 December 2022 215,086 5,672 220,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,012,125 2,142,342
Other debtors 1,546,506 1,256,872
2,558,631 3,399,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 86,842 173,684
Trade creditors 1,487,800 1,776,370
Taxation and social security 386,077 401,329
Other creditors 68,980 12,197
2,029,699 2,363,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 86,842

Careerwise (U.K.) Limited (Registered number: 02887140)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 86,842 260,526

A debenture over all the company assets is the security for the bank loan.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
K Norris
Balance outstanding at start of year 99,592 -
Amounts advanced 272,192 99,592
Amounts repaid (99,592 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 272,192 99,592

The directors loan was repaid in full by 10 April 2024.