Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseSale and support of franchises realting to recruitment consultancy77truetruefalse 04117791 2023-01-01 2023-12-31 04117791 2022-01-01 2022-12-31 04117791 2023-12-31 04117791 2022-12-31 04117791 c:Director2 2023-01-01 2023-12-31 04117791 d:OfficeEquipment 2023-01-01 2023-12-31 04117791 d:OfficeEquipment 2023-12-31 04117791 d:OfficeEquipment 2022-12-31 04117791 d:ComputerEquipment 2023-01-01 2023-12-31 04117791 d:ComputerEquipment 2023-12-31 04117791 d:ComputerEquipment 2022-12-31 04117791 d:CurrentFinancialInstruments 2023-12-31 04117791 d:CurrentFinancialInstruments 2022-12-31 04117791 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04117791 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04117791 d:ShareCapital 2023-12-31 04117791 d:ShareCapital 2022-12-31 04117791 d:SharePremium 2023-12-31 04117791 d:SharePremium 2022-12-31 04117791 d:RetainedEarningsAccumulatedLosses 2023-12-31 04117791 d:RetainedEarningsAccumulatedLosses 2022-12-31 04117791 c:FRS102 2023-01-01 2023-12-31 04117791 c:Audited 2023-01-01 2023-12-31 04117791 c:FullAccounts 2023-01-01 2023-12-31 04117791 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04117791 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04117791 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04117791









ANTAL INTERNATIONAL NETWORK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ANTAL INTERNATIONAL NETWORK LIMITED
REGISTERED NUMBER: 04117791

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
971,422
956,354

Cash at bank and in hand
 6 
107,837
142,535

  
1,079,259
1,098,889

Creditors: amounts falling due within one year
 7 
(78,171)
(185,294)

Net current assets
  
 
 
1,001,088
 
 
913,595

Total assets less current liabilities
  
1,001,088
913,595

  

Net assets
  
1,001,088
913,595


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
138,515
138,515

Profit and loss account
  
861,573
774,080

  
1,001,088
913,595


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 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 by: 




................................................
S R Ruparelia
Director

Date: 8 November 2024

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
ANTAL INTERNATIONAL NETWORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Antal International Network Limited is a company incorporated and registered in England and Wales. The principal activity of the Company in the period under review was the sale and support of franchises relating to the group activity of recruitment consultancy.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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 Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
ANTAL INTERNATIONAL NETWORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue comprises revenue in respect of executive recruitment services supplied by franchisees during the year, exclusive of Value Added Tax and trade discounts.
Initial fees are recognsised when they have substantially performed all the services required to earn the initial franchise fee, which is usually upon opening of the franchise location.
Royalty fees are received as a percentage of franchisees' monthly sales. These fees are recognised in the month that the franchisee receives payment from its customer.
Contingency fees are recognised when the service is provided.

 
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

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.

 
2.6

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.

 
2.7

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 3

 
ANTAL INTERNATIONAL NETWORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
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:

Office equipment
-
33%
straight line
Computer equipment
-
100%
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.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 4

 
ANTAL INTERNATIONAL NETWORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
658
3,508
4,166



At 31 December 2023

658
3,508
4,166



Depreciation


At 1 January 2023
658
3,508
4,166



At 31 December 2023

658
3,508
4,166



Net book value



At 31 December 2023
-
-
-



At 31 December 2022
-
-
-

Page 5

 
ANTAL INTERNATIONAL NETWORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
66,887
65,656

Amounts owed by group undertakings
826,773
822,493

Other debtors
16,392
-

Prepayments and accrued income
61,370
68,205

971,422
956,354



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
107,837
142,535

107,837
142,535



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,501
6,269

Amounts owed to group undertakings
19,191
-

Corporation tax
16,906
26,126

Other taxation and social security
3,983
2,338

Other creditors
11,597
107,597

Accruals and deferred income
22,993
42,964

78,171
185,294



8.


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 £5,606 (2022: £1,915). Contributions totalling £nil (2022: £nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 6

 
ANTAL INTERNATIONAL NETWORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Controlling party

The Company's ultimate controlling party is A M Goodwin.
The smallest and the largest group in which the Company is consolidated is that headed by Antal International Limited, a company registered in England and Wales. The consolidated financial statements of this company are available to the public and may be obtained from Companies House. 


10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 8 November 2024 by Michael Jacoby FCA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 7