Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01false2The Company's principal activity is to provide staffing services.2falsetrue 12873258 2023-04-01 2024-03-31 12873258 2022-04-01 2023-03-31 12873258 2024-03-31 12873258 2023-03-31 12873258 2022-04-01 12873258 c:Director1 2023-04-01 2024-03-31 12873258 d:CurrentFinancialInstruments 2024-03-31 12873258 d:CurrentFinancialInstruments 2023-03-31 12873258 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12873258 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12873258 d:ShareCapital 2024-03-31 12873258 d:ShareCapital 2023-03-31 12873258 d:ShareCapital 2022-04-01 12873258 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 12873258 d:RetainedEarningsAccumulatedLosses 2024-03-31 12873258 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 12873258 d:RetainedEarningsAccumulatedLosses 2023-03-31 12873258 d:RetainedEarningsAccumulatedLosses 2022-04-01 12873258 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 12873258 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 12873258 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12873258 c:OrdinaryShareClass1 2024-03-31 12873258 c:OrdinaryShareClass1 2023-03-31 12873258 c:FRS102 2023-04-01 2024-03-31 12873258 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12873258 c:FullAccounts 2023-04-01 2024-03-31 12873258 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12873258 2 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12873258









CBFO STAFFING SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CBFO STAFFING SOLUTIONS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 8


 
CBFO STAFFING SOLUTIONS LIMITED
REGISTERED NUMBER: 12873258

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
191,814
66,656

Cash at bank and in hand
 5 
52,822
63,723

  
244,636
130,379

Creditors: amounts falling due within one year
 6 
(226,249)
(73,715)

Net current assets
  
 
 
18,387
 
 
56,664

Total assets less current liabilities
  
18,387
56,664

  

Net assets
  
18,387
56,664


Capital and reserves
  

Called up share capital 
 8 
5,000
5,000

Profit and loss account
  
13,387
51,664

  
18,387
56,664


Page 1

 
CBFO STAFFING SOLUTIONS LIMITED
REGISTERED NUMBER: 12873258
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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: 




C L Baker
Director

Date: 27 March 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
CBFO STAFFING SOLUTIONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
5,000
9,382
14,382


Comprehensive income for the year

Profit for the year
-
166,282
166,282


Contributions by and distributions to owners

Dividends: Equity capital
-
(124,000)
(124,000)



At 1 April 2023
5,000
51,664
56,664


Comprehensive income for the year

Profit for the year
-
161,723
161,723


Contributions by and distributions to owners

Dividends: Equity capital
-
(200,000)
(200,000)


At 31 March 2024
5,000
13,387
18,387


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
CBFO STAFFING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

CBFO Staffing Solutions Limited is a private company, limited by shares, incorporated in England and Wales with registration number 12873258. The registered office address is Unit 32 Chelsea Wharf, 15 Lots Road, London, UK SW10 0QJ.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

On the basis of their assessment of the company's financial position and resources, the directors
believe that the company is well placed to manage its business risks.

 
2.3

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.

Page 4

 
CBFO STAFFING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Current and deferred 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
CBFO STAFFING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).



4.


Debtors

2024
2023
£
£


Trade debtors
108,260
61,342

Amounts owed by group undertakings
83,231
5,314

Other debtors
323
-

191,814
66,656


Page 6

 
CBFO STAFFING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
52,822
63,723



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
69,091
-

Amounts owed to group undertakings
100,000
-

Corporation tax
53,908
39,004

Other taxation and social security
-
19,001

Accruals and deferred income
3,250
15,710

226,249
73,715



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
52,822
63,723




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Share capital

2024
2023
£
£
Allotted and called up



5,000 (2023 - 5,000) Ordinary shares of £1.00 each
5,000
5,000



9.


Related party transactions

Included within creditors (Note 6), is an amount of £100,000 (2023 - Nil) owed to Caroline Baker Property Limited a fellow subsiduary undertaking. This amount is unsecured, interest free and repayable on demand. 

Page 7

 
CBFO STAFFING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Controlling party

The ultimate parent company is Caroline Baker Family Office Limited, a company registered in England and Wales. In the opinion of the directors, the company is ultimately controlled by C L Baker by virtue of her shareholding in the ultimate parent company.
 
Page 8