Caseware UK (AP4) 2023.0.135 2023.0.135 0The 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 (see note 3). The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”: the requirements of Section 7 Statement of Cash Flows; the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d); the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; and the requirements of Section 33 Related Party Disclosures paragraph 33.7. The Company has taken exemption under FRS 102 paragraph 33.1A not to disclose related party transactions with other group companies.390002576514871702714112023-01-0115falsetruefalse 09772134 2023-01-01 2023-12-31 09772134 2022-01-01 2022-12-31 09772134 2023-12-31 09772134 2022-12-31 09772134 2022-01-01 09772134 1 2023-01-01 2023-12-31 09772134 d:CompanySecretary1 2023-01-01 2023-12-31 09772134 d:Director1 2023-01-01 2023-12-31 09772134 d:Director2 2023-01-01 2023-12-31 09772134 d:Director3 2023-01-01 2023-12-31 09772134 d:Director3 2023-12-31 09772134 d:RegisteredOffice 2023-01-01 2023-12-31 09772134 d:Agent1 2023-01-01 2023-12-31 09772134 c:OfficeEquipment 2023-01-01 2023-12-31 09772134 c:OfficeEquipment 2023-12-31 09772134 c:OfficeEquipment 2022-12-31 09772134 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09772134 c:CurrentFinancialInstruments 2023-12-31 09772134 c:CurrentFinancialInstruments 2022-12-31 09772134 c:Non-currentFinancialInstruments 2023-12-31 09772134 c:Non-currentFinancialInstruments 2022-12-31 09772134 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 09772134 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 09772134 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-12-31 09772134 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-12-31 09772134 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-12-31 09772134 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-12-31 09772134 c:ReportableOperatingSegment1 2023-01-01 2023-12-31 09772134 c:ReportableOperatingSegment1 2022-01-01 2022-12-31 09772134 c:ShareCapital 2023-12-31 09772134 c:ShareCapital 2022-01-01 2022-12-31 09772134 c:ShareCapital 2022-12-31 09772134 c:ShareCapital 2022-01-01 09772134 c:SharePremium 2023-01-01 2023-12-31 09772134 c:SharePremium 2023-12-31 09772134 c:SharePremium 2022-01-01 2022-12-31 09772134 c:SharePremium 2022-12-31 09772134 c:SharePremium 2022-01-01 09772134 c:OtherMiscellaneousReserve 2022-01-01 2022-12-31 09772134 c:OtherMiscellaneousReserve 2022-12-31 09772134 c:OtherMiscellaneousReserve 2022-01-01 09772134 c:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09772134 c:RetainedEarningsAccumulatedLosses 2023-12-31 09772134 c:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09772134 c:RetainedEarningsAccumulatedLosses 2022-12-31 09772134 c:RetainedEarningsAccumulatedLosses 2022-01-01 09772134 d:OrdinaryShareClass1 2023-01-01 2023-12-31 09772134 d:OrdinaryShareClass1 2022-01-01 2022-12-31 09772134 d:OrdinaryShareClass1 2023-12-31 09772134 d:OrdinaryShareClass1 2022-12-31 09772134 d:FRS102 2023-01-01 2023-12-31 09772134 d:Audited 2023-01-01 2023-12-31 09772134 d:FullAccounts 2023-01-01 2023-12-31 09772134 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09772134 c:WithinOneYear 2023-12-31 09772134 c:WithinOneYear 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

img39ea.png






Financial Statements
Be Rota Limited
For the year ended 31 December 2023





































Registered number: 09772134

 
Be Rota Limited
 

Company Information


Directors
Brian Crowley 
Thomas Smyth 
Colin McDonagh (appointed 23 February 2024)




Company secretary
Brian Crowley



Registered number
09772134



Registered office
6th Floor 9 Appold Street

London

EC2A 2AP
England




Independent auditor
Grant Thornton
Chartered Accountants & Statutory Audit Firm

13-18 City Quay

Dublin 2

Ireland




Bankers
HSBC UK Bank plc
1 Centenary Square, Birmingham

B1 1HQ

United Kingdom




Solicitors
Tughans Solicitors
Marlborough House

30 Victoria Street

Belfast BT 1 3CG

United Kingdom





 
Be Rota Limited
 

Contents



Page
Directors' report
1 - 2
Directors' responsibilities statement
3
Independent auditor's report
4 - 7
Statement of comprehensive income
8
Statement of financial position
9
Statement of changes in equity
10
Notes to the financial statements
11 - 22


 
Be Rota Limited
 
 
Directors' report
For the year ended 31 December 2023

The directors present their annual report and the audited financial statements for the year ended 31 December 2023.

Principal activity

The principal activity of the Company is the provision of a workforce management platform that connects workers with shifts which accelerates organisations and agencies, helping them build, manage and engage their entire workforce with one easy to use platform. This leading technology consolidates internal & external staffing processes, ensuring people & teams spend less time trying to organise employees and more time adding value to the business.

Results and dividends

The profit for the year, after taxation, amounted to £270,265 (2022: loss £753,818).

The directors have not recommended payment of a dividend (2022: £Nil).

Directors

The directors who served during the year were:

Brian Crowley 
Thomas Smyth 

Events since the end of the year

There have been no significant events affecting the Company since the financial year-end.

Future developments

The directors do not envisage any substantial changes to the nature of the business.

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Page 1

 
Be Rota Limited
 

Directors' report (continued)
For the year ended 31 December 2023

Going concern

In preparing the financial statements, the directors consider it appropriate to continue to use the going concern assumption which assumes that the Company will have sufficient resources to enable it to meet its liabilities as and when they fall due.
At 31 December 2023, the Company has a shareholders' deficit of £57,937 (2022: £328,202) and earned an profit for the financial year of £270,265 (2022: loss of £753,818).
There were no significant changes in the Company's principal activity during the financial year and the directors are not aware at the date of this report of any likely major changes in either the nature or level of the Company's activities in the next year. After making inquiries, the directors believe the Company has adequate financial resources to continue operating for the foreseeable future.
In addition, Brian Crowley Holdings Limited, the ultimate parent company, undertakes and commits to provide necessary financial support to the Company, directly or indirectly, to enable it to continue operating in the normal course of business for the foreseeable future and to meet its financial obligations as and when they fall due.
Based on a consideration of the factors above, the directors believe that the going concern basis of preparation is appropriate for the financial statements. The financial statements do not include the adjustments that would result if the Company was unable to continue as a going concern.

Branches outside the State

There are no branches of the Company outside the United Kingdom. 

Auditor

The auditor, Grant Thorntonwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 


Colin McDonagh
Director

Date: 23 September 2024

Page 2

 
Be Rota Limited
 

Directors' responsibilities statement
For the year ended 31 December 2023

The directors are responsible for preparing the Directors' report and the audited financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare audited financial statements for each financial year. Under that law the directors have elected to prepare the audited financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the audited financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these audited financial statements, the directors are required to:

select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Oh behalf of the board


Brian Crowley
Director

Date: 23 September 2024 

Page 3

 
 
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Independent auditor's report to the members of Be Rota Limited

Opinion


We have audited the financial statements of Be Rota Limited, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity for the financial year ended 31 December 2023, and the related notes to the financial statements, including a summary of significant accounting policies.  

The financial reporting framework that has been applied in the preparation of the financial statements is applicable law and FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).


In our opinion, Be Rota Limited's financial statements:


give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice of the assets, liabilities and financial position of the Company as at 31 December 2023 and of its financial performance for the financial year then ended; and


have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (‘ISAs (UK)’) and applicable law. Our responsibilities under those standards are further described in the ‘Responsibilities of the auditor for the audit of the financial statements’ section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the FRC’s Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances for the entity. We have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities, and the responsibilities of the directors, with respect to going concern are described in the relevant sections of this report.



Page 4

 
 
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Independent auditor's report to the members of Be Rota Limited (continued)

Other information


Other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's report thereon, including the Directors' report. The directors are responsible for the other information. Our opinion on the financial statements does not cover the information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statementsour responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


The balances as of and for the year ended December 31, 2021 is unaudited. Aside from that, we have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:
the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements, and 
the Directors' report has been prepared in accordance with applicable legal requirements. 

Matters on which we are required to report by exception


In the light of the knowledge and understanding of the company and its environment we have obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit; or

the directors were entitled to take advantage of the small companies' exemptions from the  requirement to prepare a strategic report or in preparing the Directors' report.
Page 5

 
 
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Independent auditor's report to the members of Be Rota Limited (continued)

Responsibilities of management and those charged with governance for the financial statements
 

As explained more fully in the Directors' responsibilities statement, management is responsible for the preparation of the financial statements which give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS102 and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
 
In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so.


Those charged with governance are responsible for overseeing the Company's financial reporting process.

Responsibilities of the auditor for the audit of the financial statements
 

The objectives of an auditor are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes their opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of an auditor's responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to compliance with adherence to data protection requirements in which the Company operates and holds data and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and local tax legislation.
 
Page 6

 
 
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Independent auditor's report to the members of Be Rota Limited (continued)

Responsibilities of the auditor for the audit of the financial statements (continued)

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud (continued)

The Audit engagement partner considered the experience and expertise of the engagement team to ensure that the team had appropriate competence and capabilities to identify or recognise non-compliance with the laws and regulation. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to management bias through judgements and assumptions in significant accounting estimates. We apply professional scepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statement.
 
In response to these principal risks, our audit procedures included but were not limited to:
inquiries of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud;
gaining an understanding of the internal controls established to mitigate risk related to fraud;
discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit;
challenging assumptions and judgements made by management in their significant accounting estimates, including estimating useful lives of depreciable assets; and
review of the financial statement disclosures to underlying supporting documentation and inquiries of management.

The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls.

The purpose of our audit work and to whom we owe our responsibilities
 

This report is made solely to the Company’s members, as a body, in accordance with chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

 
 
Dan Holland (Senior statutory auditor)
for and on behalf of
Grant Thornton
Chartered Accountants & Statutory Auditors
Dublin
Ireland 
Date: 24 September 2024

Page 7

 
Be Rota Limited
 

Statement of comprehensive income
For the year ended 31 December 2023

2023
2022
Note
£
£

  

Turnover
 4 
1,894,461
1,054,268

Cost of sales
  
(110,258)
(84,898)

Gross profit
  
1,784,203
969,370

Administrative expenses
  
(1,593,942)
(1,723,188)

Other income
 5 
80,004
-

Operating profit/(loss)
 6 
270,265
(753,818)

Tax on profit/(loss)
 9 
-
-

Profit/(loss) for the year
  
270,265
(753,818)

All amounts relate to continuing operations.
There was no other comprehensive income for 2023 (2022£Nil).

The notes on pages 11 to 22 form part of these financial statements.

Page 8

 
Be Rota Limited
Registered number:09772134

Statement of financial position
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 10 
5,088
11,417

  
5,088
11,417

Current assets
  

Debtors
 11 
203,237
102,504

Cash at bank and in hand
 12 
127,545
79,095

  
330,782
181,599

Current liabilities
  

Creditors: amounts falling due within one year
 13 
(375,358)
(492,981)

Net current liabilities
  
 
 
(44,576)
 
 
(311,382)

Creditors: amounts falling due after more than one year
 14 
(18,449)
(28,237)

Net liabilities
  
(57,937)
(328,202)


Capital and reserves
  

Called up share capital 
 16 
11,969
11,969

Share premium account
 17 
10,830,642
10,830,642

Profit and loss account
 17 
(10,900,548)
(11,170,813)

Shareholders' Deficit
  
(57,937)
(328,202)


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 were approved and authorised for issue by the board and were signed on its behalf by: 


Colin McDonagh
Director

Date: 23 September 2024

The notes on pages 11 to 22 form part of these financial statements.
Page 9

 
Be Rota Limited
 

Statement of changes in equity
For the year ended 31 December 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 January 2023
11,969
10,830,642
(11,170,813)
(328,202)


Comprehensive income for the year

Profit for the year
-
-
270,265
270,265


At 31 December 2023
11,969
10,830,642
(10,900,548)
(57,937)



Statement of changes in equity
For the year ended 31 December 2022


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2022
11,969
10,618,386
212,256
(10,416,995)
425,616


Comprehensive income for the year

Loss for the year
-
-
-
(753,818)
(753,818)

Transfers of share based payment reserves within equity
-
212,256
-
-
212,256

Transfers of share based payment reserves within equity
-
-
(212,256)
-
(212,256)


At 31 December 2022
11,969
10,830,642
-
(11,170,813)
(328,202)


The notes on pages 11 to 22 form part of these financial statements.

Page 10

 
Be Rota Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Be Rota Limited is a private company limited by shares which was incorporated on 10 September 2015. The Company is register under the number 9772134 with a registered office at 6th Floor 9 Appold Street, London, EC2A 2AP, United Kingdom.

The principal activity of the Company during the financial year was the provision of a workforce management platform.

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 Company qualifies as a small company as defined by section 280A of the Act, in respect of the financial year and has applied the rules of the "Small Companies Regime" in accordance with section 280C of the Act.

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 (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

In preparing the financial statements, the directors consider it appropriate to continue to use the going concern assumption which assumes that the Company will have sufficient resources to enable it to meet its liabilities as and when they fall due.
At 31 December 2023, the Company has a shareholders' deficit of £57,937 (2022: £328,202) and earned an profit for the financial year of £270,265 (2022: loss of £753,818).
There were no significant changes in the Company's principal activity during the financial year and the directors are not aware at the date of this report of any likely major changes in either the nature or level of the Company's activities in the next year. After making inquiries, the directors believe the Company has adequate financial resources to continue operating for the foreseeable future.
In addition, Brian Crowley Holdings Limited, the ultimate parent company, undertakes and commits to provide necessary financial support to the Company, directly or indirectly, to enable it to continue operating in the normal course of business for the foreseeable future and to meet its financial obligations as and when they fall due.
Based on a consideration of the factors above, the directors believe that the going concern basis of preparation is appropriate for the financial statements. The financial statements do not include the adjustments that would result if the Company was unable to continue as a going concern.

Page 11

 
Be Rota Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

  
2.3

Financial reporting standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”:
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; and
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

The Company has taken exemption under FRS 102 paragraph 33.1A not to disclose related party transactions with other group companies.

 
2.4

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.

  
2.5

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.

Page 12

 
Be Rota Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
2.7

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
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.

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:

Office equipment
-
33%

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, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
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.

Page 13

 
Be Rota Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.11

 Creditors

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

 
2.12

 Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.

Page 14

 
Be Rota Limited
 

Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.13

 Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgments and estimates. Judgments and estimates are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may ultimately differ from these estimates.

In the process of applying the Company's accounting policies, management has made the following judgments and estimates, which have the most significant effect on the amounts recognised in the financial statements:

Estimating useful lives of depreciable assets
The Company estimates the useful lives of tangible fixed assets based on the period over which the assets are expected to be available for use. The estimated useful lives are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the assets. In addition, estimation of the useful lives of tangible fixed assets is based on collective assessment of industry practice, internal technical evaluation and experience with similar assets. Actual results, however, may vary due to changes in estimates brought about by changes in factors mentioned above.

Page 15

 
Be Rota Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

4.


Turnover

An analysis of turnover by class of business is as follows:


2023
2022
£
£

Business support and workforce management technology services
1,894,461
1,054,268


All turnover arose within the United Kingdom and Ireland.


5.


Other income

2023
2022
£
£

Research and development tax credits
80,004
-



6.


Operating profit/(loss)

The operating profit/(loss) is stated after charging:

2023
2022
£
£

Management charges
181,272
-

Defined contribution pension cost
12,721
14,839

Auditors' remuneration
8,460
14,475

Depreciation of tangible fixed assets
7,430
9,313

Page 16

 
Be Rota Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

7.


Employees

2023
2022
£
£

Wages and salaries
710,276
1,049,476

Social security costs
86,214
127,203

Staff welfare
39,000
20,000

Cost of defined contribution scheme
12,721
14,839

Commission
-
5,765

848,211
1,217,283


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


        2023
        2022
            No.
            No.







Administration
8
13



Other
3
2

11
15


8.


Directors' remuneration

There is no directors' remuneration distributed during 2023 and 2022.





9.


Taxation


2023
2022
£
£



Taxation on profit on ordinary activities
-
-
Page 17

 
Be Rota Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023
 
9.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2022 - lower than) the standard rate of corporation tax in the UK of 23.5% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit/(loss) on ordinary activities before tax
270,265
(753,818)


Profit/(loss) on ordinary activities multiplied by standard rate of corporation tax in the UK of 23.5% (2022 - 19%)
63,512
(143,225)

Effects of:


Balancing charges
-
241

Depreciation in excess of capital allowances
1,487
1,770

Fixed asset loss on disposals
-
239

Subscriptions and donations
-
229

Entertainment
-
246

Capital allowances
-
(68)

Non-taxable income
(18,801)
-

Loss carried forward
(46,198)
140,568

Total tax charge for the year
-
-


Factors that may affect future tax charges

The standard rate of UK Corporation Tax is to remain at 19% until 31 March 2023. The Finance Act 2021, which was published on 11 March 2021, states that this rate is to be increased from 19% to 25% from 1 April 2023. These proposed changes were substantively enacted on 24 May 2021. In summary, the rate of
Corporation Tax from 1 April 2023 will increase to 25% for companies generating taxable profits of more than £250,000.
There is a difference resulting from capital allowances and depreciation which as not been recognised in the financial statements as it is immaterial. Additionally, the Company has unrecognised deferred tax assets amounted to £1,941,829 (2022: £1,988,028) arising from trading losses to be utilised against future profits. The corresponding potential deferred tax asset has not been recognised in the financial statements as its recoverability against future trading profits is uncertain.
There were no other factors that may affect future tax charges.

Page 18

 
Be Rota Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

10.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
33,417


Additions
1,101



At 31 December 2023

34,518



Depreciation


At 1 January 2023
22,000


Charge for the year
7,430



At 31 December 2023

29,430



Net book value



At 31 December 2023
5,088



At 31 December 2022
11,417


11.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
-
6,000

Due within one year

Trade debtors
54,088
25,164

Amounts owed by group undertakings
23,763
-

Corporate tax recoverable
99,920
21,668

Prepayments and accrued income
25,466
49,672

203,237
102,504


Page 19

 
Be Rota Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

11.Debtors (continued)

Trade debtors are non-interest bearing and are generally on 30 to 60 days' term credit. As the reporting date the Company has recognised £Nil (2022: £Nil) allowance for credit losses on outstanding trade debtors.

The amounts owed by other group undertakings are unsecured, interest free and repayable on demand.

Prepayments and other accrued income pertain to subscription services availed related mostly to digital marketing of the Company's services.

Other debtors pertains to receivables of the Company related to long-term deposits. 


12.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
127,545
79,095



13.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans (Note 14)
10,648
10,648

Trade creditors
28,125
24,568

Amounts owed to group undertakings
274,424
274,637

Taxation and social insurance
24,135
156,687

Other creditors
3,226
2,882

Accruals and deferred income
34,800
23,559

375,358
492,981


Trade and other creditors are payable at various dates over the coming months in accordance with the suppliers’ usual and customary credit terms.

The amounts owed to group undertakings are unsecured, non-interest bearing and repayable on demand.
 
Taxation and social insurance are repayable at various dates over the coming months in accordance with the applicable statutory provisions.

Other creditors pertain to outstanding balance of credit cards by selected employees.
Accruals mainly include liabilities for unbilled operating expenses with 30 to 60 days' term. Deferred income pertains to deferral of services already received but not yet paid. 

Page 20

 
Be Rota Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

14.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans (Note 14)
18,449
28,237



15.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,648
10,648

Amounts falling due 1-2 years

Bank loans
10,648
10,648

Amounts falling due 2-5 years

Bank loans
7,801
17,589


29,097
38,885


The Company had a loan with HSBC of £29,097 (2022: £38,885). The interest rate on the loan is 2.50%. The loan is due for repayment in installments over the next 3 years.


16.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



11,969 (2022 - 11,969) Ordinary shares of £1.00 each
11,969
11,969



17.


Reserves

Share premium account

Share premium account pertains to the payment of shareholders other than share capital. 

Profit and loss account

Profit and loss account includes all current and prior period retained profits and losses.

Page 21

 
Be Rota Limited
 
 
Notes to the financial statements
For the year ended 31 December 2023

18.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
29,040
26,400


19.


Related party transactions

The Company has availed of the exemption provided in FRS 102 Section 33 “Related Party Disclosures” for
subsidiary undertakings 100% of whose voting rights are controlled within the group, from the requirements
to give details of transactions with entities that are part of the group or investees of the group qualifying as related parties.


20.


Post balance sheet events

There have been no significant events affecting the Company since the financial year-end.


21.


Controlling party

At the balance sheet date, the Company’s immediate parent company is Total Talent Management (UK) Limited, a company incorporated in United Kingdom, which has its principal place of business at Delphian House 3rd Floor, Riverside New Bailey St Manchester, M3 5FS, United Kingdom.
The Company's ultimate parent company is Brian Crowley Holdings Limited, a company incorporated in Ireland, which has its principal place of business at Ballymaley Business Park, Ballymaley, Ennis, Co. Clare. Brian Crowley Holdings Limited is owned and controlled by Brian Crowley.
The parent undertaking of the smallest and largest group of which the company is a member and for which group financial statements are prepared is Brian Crowley Holdings Limited. 
Copies of the consolidated financial statements of Brian Crowley Holdings Limited are available from Ballymaley Business Park, Ballymaley, Ennis, Co. Clare.

Page 22