for the Period Ended 29 February 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
( |
( |
Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
( |
( |
Tax: |
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Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 3 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
( |
( |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
( |
( |
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Capital and reserves | |||
Called up share capital: |
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Share premium account: |
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Other reserves: |
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Profit and loss account: |
( |
( |
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Total Shareholders' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 29 February 2024
Basis of measurement and preparation
for the Period Ended 29 February 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 29 February 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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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.
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.
No remuneration was received
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