Company registration number 04186135 (England and Wales)
ASHLEY KATE HR LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ASHLEY KATE HR LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
ASHLEY KATE HR LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
12,612
7,577
Current assets
Debtors
5
149,351
1,039,860
Cash at bank and in hand
352,039
169,797
501,390
1,209,657
Creditors: amounts falling due within one year
6
(99,029)
(321,639)
Net current assets
402,361
888,018
Net assets
414,973
895,595
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
414,873
895,495
Total equity
414,973
895,595

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 7 November 2024 and are signed on its behalf by:
Mr B J Allen
Director
Company registration number 04186135 (England and Wales)
ASHLEY KATE HR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Ashley Kate HR Limited is a private company limited by shares incorporated in England and Wales. The registered office is Reginald Arthur House, Percy Street, Rotherham, South Yorkshire, S65 1ED.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The prior year financial statements were prepared under Financial Reporting Standards 101 (FRS 101) 'Reduced Disclosure Framework'. An explanation of how the transition to FRS 102 has affected the reported financial performance and financial position is given elsewhere in the notes

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Nicholas Associates Holdings Limited. These consolidated financial statements are available from its registered office, Reginald Arthur House, Percy Street, Rotherham, Yorkshire S65 1ED.

1.2
Going concern

The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

ASHLEY KATE HR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.3
Turnover

Revenue relates entirely to the provision of services to clients and arises wholly within the United Kingdom.

The provision of temporary contractors is deemed to have one performance obligation which is the satisfactory completion of hours of work. Revenue is recognised as services are rendered. Invoices are raised weekly for the work carried out. Where period ends do not coincide with a full week, provision is made for the proportion of work carried out at the normal contractual rates. Contractual rebates are recognised in the period to which they relate and are calculated in accordance with the contractual arrangements in place.

The provision of permanent workers is deemed to have completed the performance obligation when the candidate starts work and revenue is recognised by invoicing at that date.

Trade receivables and payables related to these sales are recorded at full invoice value.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% on cost and 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

 

Debtors and creditors receivable/payable with a year

Debtors and creditors are recorded at transaction price receivable or payable within one year. Any losses arising from impairment are recognised in the profit and loss account within administrative expenses.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ASHLEY KATE HR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

The Company makes estimates and assumptions regarding the future. The resulting estimates will, by definition, seldom equal the actual results. The directors do not consider there are any estimates and assumptions that have significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
15
16
ASHLEY KATE HR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
32,242
Additions
10,403
Disposals
(12,587)
At 31 December 2023
30,058
Depreciation and impairment
At 1 January 2023
24,665
Depreciation charged in the year
5,236
Eliminated in respect of disposals
(12,455)
At 31 December 2023
17,446
Carrying amount
At 31 December 2023
12,612
At 31 December 2022
7,577
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
24,345
138,956
Amounts owed by group undertakings
108,603
890,996
Other debtors
16,403
9,908
149,351
1,039,860
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
9,121
10,132
Corporation tax
16,818
113,961
Other taxation and social security
39,682
71,593
Other creditors
33,408
125,953
99,029
321,639
ASHLEY KATE HR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Christopher Holder BA BFP FCA
Statutory Auditor:
Xeinadin Audit Ltd
Date of audit report:
7 November 2024
8
Reconciliations on adoption of FRS 102
Reconciliation of equity
At 1 January 2022
At 31 December 2022
Previous UK GAAP
Effect of
transition
FRS 102
Previous UK GAAP
Effect of
transition
FRS 102
Notes
£
£
£
£
£
£
Fixed assets
Tangible assets
89,998
-
89,998
70,974
(63,397)
7,577
Current assets
Debtors
450,929
-
450,929
1,035,249
4,611
1,039,860
Bank and cash
148,616
-
148,616
169,797
-
169,797
599,545
-
599,545
1,205,046
4,611
1,209,657
Creditors due within one year
Finance leases
(18,547)
-
(18,547)
(18,927)
18,927
-
0
Taxation
(120,529)
-
(120,529)
(184,611)
(943)
(185,554)
Other creditors
(84,520)
-
(84,520)
(136,085)
-
(136,085)
(223,596)
-
(223,596)
(339,623)
17,984
(321,639)
Net current assets
375,949
-
375,949
865,423
22,595
888,018
Total assets less current liabilities
465,947
-
465,947
936,397
(40,802)
895,595
Creditors due after one year
Finance leases
(60,169)
-
(60,169)
(41,242)
41,242
-
0
Provisions for liabilities
Other provisions
(4,000)
-
(4,000)
(4,000)
4,000
-
0
Net assets
401,778
-
401,778
891,155
4,440
895,595
ASHLEY KATE HR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
8
Reconciliations on adoption of FRS 102
At 1 January 2022
At 31 December 2022
Previous UK GAAP
Effect of
transition
FRS 102
Previous UK GAAP
Effect of
transition
FRS 102
Notes
£
£
£
£
£
£
(Continued)
- 7 -
Capital and reserves
Share capital
100
-
0
100
100
-
100
Profit and loss
401,678
4,019
405,697
891,055
4,440
895,495
Total equity
401,778
4,019
405,797
891,155
4,440
895,595
2023-12-312023-01-01false07 November 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedMr Nicholas George William CraggMr Bruce John AllenMr Paul Michael BrammerMs K L KendallMr Paul Smithfalsefalse041861352023-01-012023-12-31041861352023-12-31041861352022-12-3104186135core:OtherPropertyPlantEquipment2023-12-3104186135core:OtherPropertyPlantEquipment2022-12-3104186135core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3104186135core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3104186135core:CurrentFinancialInstruments2023-12-3104186135core:CurrentFinancialInstruments2022-12-3104186135core:ShareCapital2023-12-3104186135core:ShareCapital2022-12-3104186135core:RetainedEarningsAccumulatedLosses2023-12-3104186135core:RetainedEarningsAccumulatedLosses2022-12-3104186135core:ShareCapitalcore:IncreaseDecreaseDueToTransitionFromPreviousStandard2021-12-3104186135core:RetainedEarningsAccumulatedLossescore:IncreaseDecreaseDueToTransitionFromPreviousStandard2021-12-3104186135bus:Director22023-01-012023-12-3104186135core:FurnitureFittings2023-01-012023-12-31041861352022-01-012022-12-3104186135core:OtherPropertyPlantEquipment2022-12-3104186135core:OtherPropertyPlantEquipment2023-01-012023-12-3104186135core:WithinOneYear2023-12-3104186135core:WithinOneYear2022-12-3104186135core:Non-currentFinancialInstruments2022-12-3104186135bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104186135bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104186135bus:FRS1022023-01-012023-12-3104186135bus:Audited2023-01-012023-12-3104186135bus:Director12023-01-012023-12-3104186135bus:Director32023-01-012023-12-3104186135bus:Director42023-01-012023-12-3104186135bus:Director52023-01-012023-12-3104186135bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP