ERA SERVICES C.I.C.

Company Registration Number:
12441128 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

ERA SERVICES C.I.C.

Contents of the Financial Statements

for the Period Ended 29 February 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ERA SERVICES C.I.C.

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 2,661 284
Cost of sales: 0 0
Gross profit(or loss): 2,661 284
Distribution costs: 0 0
Administrative expenses: ( 23,781 ) ( 129,936 )
Other operating income: 0 0
Operating profit(or loss): (21,120) (129,652)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (21,120) (129,652)
Tax: 0 0
Profit(or loss) for the financial year: (21,120) (129,652)

ERA SERVICES C.I.C.

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 1,228 7,469
Investments:   0 0
Total current assets: 1,228 7,469
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 250,291 ) ( 228,691 )
Net current assets (liabilities): (249,063) (221,222)
Total assets less current liabilities: (249,063) ( 221,222)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (249,063) (221,222)
Capital and reserves
Called up share capital: 4 4
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (249,067 ) (221,226 )
Total Shareholders' funds: ( 249,063 ) (221,222)

The notes form part of these financial statements

ERA SERVICES C.I.C.

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 29 October 2024
and signed on behalf of the board by:

Name: Catherine Delany
Status: Director

The notes form part of these financial statements

ERA SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ERA SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 5

ERA SERVICES C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 250,291 228,691
Total 250,291 228,691

COMMUNITY INTEREST ANNUAL REPORT

ERA SERVICES C.I.C.

Company Number: 12441128 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The company has been developing an assessment scheme to UKAS standards in order to assess UK employers' processes and policies in line with employment low and HR requirements. The assessment is available to all employers in the UK; to create a level playing field as all employers have responsibilities to their employees. The aim is to assist employers to develop and implement policies and procedures for dealing with employees to ensure that employee rights are being upheld. The company started developing the product in 2019 but this has undergone much scrutiny by UKAS and has changed greatly over this period. We conduct a thorough assessment of each business and check their level of compliance by means of o questionnaire, review of policies and documentation followed by a remote audit. This is a process based audit to ensure that policies and processes are being adhered to. ERA Services has stringent internal processes to ensure that the assessment is carried out with full impartiality in line with ISO17065, and reviewed by an independent impartiality committee. It should be noted that the audit does not review tax compliance which is out of scope, payroll process is audited to the extent that it follows the current legislation. In addition to checking the client policies, procedures and employment related documents, the assigned auditor checks a list of processes during the audit, the outputs of which MUST satisfy the ERA Scheme. These processes must be demonstrated to the auditor and evidence provided to show that they are documented. Employee/worker records are sampled during the audit and used to evidence adherence to those processes and procedures. Any evidence provided that does not satisfy the ERA Scheme will result in a nonconformity being raised. The client is then given an agreed time period to provide evidence of corrective actions which demonstrate that they now satisfy the ERA Scheme. Following o successful audit and any corrections made, the employer can then demonstrate with confidence o certification from ERA Services C.I.C. Certification lasts for 11 months and in order for the client to retain their certification status, they must undergo a further surveillance audit within 12 months otherwise the certification will expire. Various companies have undergone the assessment process, and have commented on how implementing pa6cies has improved their business as a whole but more importantly this has been of benefit to their employees. UKAS have been supportive and have commented on how emphasizing processes for employees is greatly needed, upon witnessing 3 different assessments carried out can see the benefits offered to all employers within the UK. During the year Full accreditation was approved by UKAS, however this was ‘blocked’ by HMRC. No grounds have been provided by them for their actions and despite repeated attempts to both bodies requesting clarity and reasons for their actions this has not been provided. A dialogue continues with UKAS to resolve the position.

Consultation with stakeholders

As the company has been in development stage, various consultations have taken place with BEIS (Government department for Business, Energy and Industrial Strategy) with regards to requirements in our scheme, especially within the temporary workforce and UKAS with regards to refining our policies and processes to ensure that they are up to UKAS standards and i1 line with various ISOs.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 October 2024

And signed on behalf of the board by:
Name: Catherine Delaney
Status: Director