Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-3092022-10-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10949544 2022-10-01 2023-09-30 10949544 2021-10-01 2022-09-30 10949544 2023-09-30 10949544 2022-09-30 10949544 c:Director1 2022-10-01 2023-09-30 10949544 d:PlantMachinery 2022-10-01 2023-09-30 10949544 d:PlantMachinery 2023-09-30 10949544 d:PlantMachinery 2022-09-30 10949544 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10949544 d:MotorVehicles 2022-10-01 2023-09-30 10949544 d:MotorVehicles 2023-09-30 10949544 d:MotorVehicles 2022-09-30 10949544 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10949544 d:FurnitureFittings 2022-10-01 2023-09-30 10949544 d:FurnitureFittings 2023-09-30 10949544 d:FurnitureFittings 2022-09-30 10949544 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10949544 d:ComputerEquipment 2022-10-01 2023-09-30 10949544 d:ComputerEquipment 2023-09-30 10949544 d:ComputerEquipment 2022-09-30 10949544 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10949544 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10949544 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-01 2023-09-30 10949544 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 10949544 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-30 10949544 d:CurrentFinancialInstruments 2023-09-30 10949544 d:CurrentFinancialInstruments 2022-09-30 10949544 d:Non-currentFinancialInstruments 2023-09-30 10949544 d:Non-currentFinancialInstruments 2022-09-30 10949544 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10949544 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10949544 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10949544 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 10949544 d:ShareCapital 2023-09-30 10949544 d:ShareCapital 2022-09-30 10949544 d:RetainedEarningsAccumulatedLosses 2023-09-30 10949544 d:RetainedEarningsAccumulatedLosses 2022-09-30 10949544 c:OrdinaryShareClass1 2022-10-01 2023-09-30 10949544 c:OrdinaryShareClass1 2023-09-30 10949544 c:OrdinaryShareClass1 2022-09-30 10949544 c:FRS102 2022-10-01 2023-09-30 10949544 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10949544 c:FullAccounts 2022-10-01 2023-09-30 10949544 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10949544 2 2022-10-01 2023-09-30 10949544 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-10-01 2023-09-30 10949544 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10949544









STAFF ASSIST UK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
STAFF ASSIST UK LTD
REGISTERED NUMBER: 10949544

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
26,947

Tangible assets
 5 
7,804
33,073

  
7,804
60,020

Current assets
  

Debtors: amounts falling due within one year
 6 
96,134
107,993

Cash at bank and in hand
  
113,401
110,693

  
209,535
218,686

Creditors: amounts falling due within one year
 7 
(289,545)
(379,822)

Net current liabilities
  
 
 
(80,010)
 
 
(161,136)

Total assets less current liabilities
  
(72,206)
(101,116)

Creditors: amounts falling due after more than one year
 8 
(15,586)
(25,154)

  

Net liabilities
  
(87,792)
(126,270)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(87,892)
(126,370)

  
(87,792)
(126,270)


Page 1

 
STAFF ASSIST UK LTD
REGISTERED NUMBER: 10949544
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 20 September 2024.

B Macovei
Director

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

Page 2

 
STAFF ASSIST UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Staff Assist UK Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is Staff Assist Uk, Viglen House Business Centre, Alperton Lane, Wembley, England, HA0 1HD.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company's forecasts and projections, the director has a good expectation that the company has adequate resources to continue in operational existence for the foreseeable future.The company therefore continues to adopt the going concern basis in preparing its financial statements.

  
2.3

Government Grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure. This includes the Government Coronavirus Job Retention Scheme (‘Furlough’).

 
2.4

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is GBP.

Page 3

 
STAFF ASSIST UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.7

Interest income

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

 
2.8

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.

 
2.9

Borrowing costs

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

Page 4

 
STAFF ASSIST UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.13

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.

Page 5

 
STAFF ASSIST UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.13
Tangible fixed assets (continued)

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
-
25%
Straight line
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Straight line
Computer equipment
-
25%
Straight line

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.

 
2.14

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.16

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.

 
2.17

Creditors

Short-term creditors are measured at the transaction price.

 
2.18

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.

Page 6

 
STAFF ASSIST UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







9
11


4.


Intangible assets




Development expenditure

£





At 1 October 2022
34,548


Impairment
(34,548)



At 30 September 2023

-





At 1 October 2022
7,601


Charge for the year on owned assets
3,455


Impairment charge
(11,056)



At 30 September 2023

-



Net book value



At 30 September 2023
-



At 30 September 2022
26,947



Page 7

 
STAFF ASSIST UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2022
34,551
34,532
954
5,863
75,900


Additions
-
-
-
1,010
1,010


Disposals
-
(23,832)
-
-
(23,832)



At 30 September 2023

34,551
10,700
954
6,873
53,078



Depreciation


At 1 October 2022
32,366
7,701
345
2,415
42,827


Charge for the year on owned assets
2,185
4,974
239
1,538
8,936


Disposals
-
(6,489)
-
-
(6,489)



At 30 September 2023

34,551
6,186
584
3,953
45,274



Net book value



At 30 September 2023
-
4,514
370
2,920
7,804



At 30 September 2022
2,185
26,831
609
3,448
33,073


6.


Debtors

2023
2022
£
£


Trade debtors
40,202
53,614

Other debtors
55,932
54,379

96,134
107,993


Page 8

 
STAFF ASSIST UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
54,538
86,099

Other taxation and social security
180,791
254,303

Other creditors
36,216
19,432

Accruals
18,000
19,988

289,545
379,822



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,586
25,154

15,586
25,154



9.


Secured Debts


The secured debts (invoice discounting) £19,439 are included within the creditors.

The company's invoice financing facility is secured by a legal charge over the property or undertaking of the company. It contains a negative pledge.



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

At the reporting date, the director owed the company £47,756 (2022 - £54,379 was owed by the company) which is included in other debtors and was repaid post year end. Interest has been charged at the official rate of interest.

 
Page 9