Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01false66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07103104 2023-01-01 2023-12-31 07103104 2022-01-01 2022-12-31 07103104 2023-12-31 07103104 2022-12-31 07103104 c:Director1 2023-01-01 2023-12-31 07103104 d:Buildings 2023-01-01 2023-12-31 07103104 d:Buildings 2023-12-31 07103104 d:Buildings 2022-12-31 07103104 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07103104 d:LandBuildings 2023-12-31 07103104 d:LandBuildings 2022-12-31 07103104 d:MotorVehicles 2023-01-01 2023-12-31 07103104 d:MotorVehicles 2023-12-31 07103104 d:MotorVehicles 2022-12-31 07103104 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07103104 d:OfficeEquipment 2023-01-01 2023-12-31 07103104 d:OfficeEquipment 2023-12-31 07103104 d:OfficeEquipment 2022-12-31 07103104 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07103104 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07103104 d:CurrentFinancialInstruments 2023-12-31 07103104 d:CurrentFinancialInstruments 2022-12-31 07103104 d:Non-currentFinancialInstruments 2023-12-31 07103104 d:Non-currentFinancialInstruments 2022-12-31 07103104 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07103104 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07103104 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07103104 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07103104 d:ShareCapital 2023-12-31 07103104 d:ShareCapital 2022-12-31 07103104 d:RetainedEarningsAccumulatedLosses 2023-12-31 07103104 d:RetainedEarningsAccumulatedLosses 2022-12-31 07103104 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 07103104 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 07103104 c:FRS102 2023-01-01 2023-12-31 07103104 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07103104 c:FullAccounts 2023-01-01 2023-12-31 07103104 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07103104 2 2023-01-01 2023-12-31 07103104 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07103104









GOLD STAR RECRUITMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GOLD STAR RECRUITMENT LTD
REGISTERED NUMBER: 07103104

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
314,463
296,811

  
314,463
296,811

Current assets
  

Debtors: amounts falling due within one year
 5 
176,142
199,531

Cash at bank and in hand
 6 
410,651
405,112

  
586,793
604,643

Creditors: amounts falling due within one year
 7 
(268,286)
(259,214)

Net current assets
  
 
 
318,507
 
 
345,429

Total assets less current liabilities
  
632,970
642,240

Creditors: amounts falling due after more than one year
 8 
(130,748)
(151,180)

  

Net assets
  
502,222
491,060


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
502,122
490,960

  
502,222
491,060


Page 1

 
GOLD STAR RECRUITMENT LTD
REGISTERED NUMBER: 07103104
    
BALANCE SHEET (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 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 on 5 September 2024.




L Morris
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
GOLD STAR RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Gold Star Recruitment Ltd is a private company, limited by shares, incorporated in England and Wales,
registered number 07103104. 
The registered office is 3a Market Place, Woodstock, Oxfordshire, OX20 1SY.
The company's principal activity is that of an employment placing agency.

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

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.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
GOLD STAR RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates 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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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 balance sheet 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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line over 50 years
Motor vehicles
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance

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

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

 
GOLD STAR RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary
Page 5

 
GOLD STAR RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.13

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 6 (2022 - 6).


4.


Tangible fixed assets





Freehold property
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
286,500
38,700
10,784
335,984


Additions
-
46,787
1,919
48,706


Disposals
-
(38,700)
-
(38,700)



At 31 December 2023

286,500
46,787
12,703
345,990



Depreciation


At 1 January 2023
18,730
14,008
6,436
39,174


Charge for the year on owned assets
4,530
6,183
1,416
12,129


Disposals
-
(19,776)
-
(19,776)



At 31 December 2023

23,260
415
7,852
31,527



Net book value



At 31 December 2023
263,240
46,372
4,851
314,463



At 31 December 2022
267,770
24,692
4,348
296,810

Page 6

 
GOLD STAR RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
263,240
267,770

263,240
267,770



5.


Debtors

2023
2022
£
£


Trade debtors
156,425
169,072

Other debtors
-
30,459

Prepayments and accrued income
19,717
-

176,142
199,531



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
410,651
405,112

Less: bank overdrafts
(118,355)
(125,511)

292,296
279,601


Page 7

 
GOLD STAR RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
118,355
125,511

Bank loans
17,433
15,487

Trade creditors
3,009
521

Corporation tax
42,985
36,935

Other taxation and social security
68,800
80,760

Other creditors
810
-

Accruals and deferred income
16,894
-

268,286
259,214



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
130,748
151,180

130,748
151,180


The following liabilities were secured:




Details of security provided:

A mortgage charge exists, in favour of Barclays Security Trustee Bank Limited, over the freehold property at Unit 15 Glenmore Business Park, Langford Locks, Kidlington, Oxfordshire, OX5 1GL, dated 2 October 2018 in respect of the bank loan.


9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
410,651
405,112




Financial assets measured at fair value through profit or loss comprise; Cash at bank and in hand.

Page 8

 
GOLD STAR RECRUITMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Pension commitments

The Company operates 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 £3,872 (2022 - £2,669) . Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9