Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false352023-01-0150falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09392798 2023-01-01 2023-12-31 09392798 2022-01-01 2022-12-31 09392798 2023-12-31 09392798 2022-12-31 09392798 c:Director1 2023-01-01 2023-12-31 09392798 d:CurrentFinancialInstruments 2023-12-31 09392798 d:CurrentFinancialInstruments 2022-12-31 09392798 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09392798 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09392798 d:ShareCapital 2023-12-31 09392798 d:ShareCapital 2022-12-31 09392798 d:RetainedEarningsAccumulatedLosses 2023-12-31 09392798 d:RetainedEarningsAccumulatedLosses 2022-12-31 09392798 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09392798 c:OrdinaryShareClass1 2023-12-31 09392798 c:OrdinaryShareClass1 2022-12-31 09392798 c:FRS102 2023-01-01 2023-12-31 09392798 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09392798 c:FullAccounts 2023-01-01 2023-12-31 09392798 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09392798 2 2023-01-01 2023-12-31 09392798 e:Euro 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09392798









GLOBAL EMPLOYER COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GLOBAL EMPLOYER COMPANY LIMITED
REGISTERED NUMBER: 09392798

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note

  

Current assets
  

Debtors: amounts falling due within one year
 4 
972,317
721,295

Cash at bank and in hand
  
109,636
771,074

  
1,081,953
1,492,369

Creditors: amounts falling due within one year
 5 
(985,419)
(1,413,099)

Net current assets
  
 
 
96,534
 
 
79,270

Total assets less current liabilities
  
96,534
79,270

  

Net assets
  
96,534
79,270


Capital and reserves
  

Called up share capital 
 6 
136
136

Profit and loss account
  
96,398
79,134

  
96,534
79,270


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 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 25 September 2024.




P Ashley-Smith
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
GLOBAL EMPLOYER COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Global Employer Company Limited is a private Company limited by shares incorporated in England within the United Kingdom. The address of the registered office is Causeway House, 1 Dane Street, Bishop's Stortford, Hertfordshire, CM23 3BT. The Company is not part of a group. 

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 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

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.

 
2.5

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.

Page 2

 
GLOBAL EMPLOYER COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings  except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.8

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.

 
2.9

Taxation

Tax is recognised in the Statement of Income and Retained Earnings 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.

Page 3

 
GLOBAL EMPLOYER COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

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


        2023
        2022
            No.
            No.







Total
50
35


4.


Debtors

2023
2022


Trade debtors
-
(1,312)

Other debtors
972,317
722,607

972,317
721,295



5.


Creditors: Amounts falling due within one year

2023
2022

Trade creditors
19,154
310

Corporation tax
5,311
-

Other taxation and social security
69,548
79,570

Other creditors
874,252
1,313,127

Accruals and deferred income
17,154
20,092

985,419
1,413,099



6.


Share capital

2023
2022
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
136
136



7.


Pension commitments

The Company operates a defined contribution 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 €102,262 (2022: €75,543).

Page 4

 
GLOBAL EMPLOYER COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Related party transactions

During the year, the Company conducted transactions with PAS Aviation International, PAS Aviation Associates GmbH and PAS Aviation Services GmbH. These were at standard commercial rates for the work performed. The total amount owed at the year end was € 82,821 (2022: €162,550).


Page 5