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Registration number: 12119686

Gaius HR (UK) Ltd

Filleted Financial Statements

for the Year Ended 31 March 2024

 

Gaius HR (UK) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Gaius HR (UK) Ltd

Company Information

Directors

Gaius HR Holding AG

Ato Anderson

Registered office

The Hour House, 32 High Street
Rickmansworth
Hertfordshire
WD3 1ER

Auditors

Cameron & Associates Limited
The Hour House
32 High Street
Rickmansworth
Hertfordshire
WD3 1ER

 

Gaius HR (UK) Ltd

(Registration number: 12119686)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

54,879

21,000

Debtors

5

195,121

219,453

Cash at bank and in hand

 

554,609

420,198

 

804,609

660,651

Creditors: Amounts falling due within one year

6

(432,464)

(372,863)

Net assets

 

372,145

287,788

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

372,144

287,787

Shareholders' funds

 

372,145

287,788

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 October 2024 and signed on its behalf by:
 

.........................................
Ato Anderson
Director

 

Gaius HR (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Hour House, 32 High Street
Rickmansworth
Hertfordshire
WD3 1ER

These financial statements were authorised for issue by the Board on 24 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 24 October 2024 was Rajinder Basra, who signed for and on behalf of Cameron & Associates Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Gaius HR (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Stocks

2024
£

2023
£

Work in progress

54,879

21,000

 

Gaius HR (UK) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

167,060

219,453

Prepayments

28,061

-

 

195,121

219,453

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

109,313

177,494

Taxation and social security

311,196

182,914

Accruals and deferred income

11,750

12,250

Other creditors

205

205

432,464

372,863

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

8

Related party transactions

Gaius HR (UK) Ltd, HR Gsys, Gaius HR AG and Intalent Solutions en Capital Humain inc are companies under common control.

Gaius HR (UK) Ltd purchased IT consultancy services to the value of £376,994 (2023: £381,141) from HR Gsys during the year.

Gaius HR (UK) Ltd purchased IT consultancy services to the value of £1,432 (2023: £24,375) from Intalent Solutions en Capital Humain inc during the year.

At the year-end, Gaius HR (UK) Ltd owed £102,846 (2023: £120,431) to HR Gsys in relation to IT consultancy services.

At the year-end, Gaius HR (UK) Ltd owed £Nil (2023: £62,063) to Intalent Solutions en Capital Humain inc in relation to IT consultancy services.

At the year-end, Gaius HR (UK) Ltd owed £205 (2023: £205) to Gaius HR AG in relation to expenses paid on behalf of the company.
 

9

Parent undertaking

The company's immediate parent is Gaius Holding HR AG, incorporated in Switzerland.