Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity88falsetruefalse 07882795 2023-01-01 2023-12-31 07882795 2022-01-01 2022-12-31 07882795 2023-12-31 07882795 2022-12-31 07882795 2022-01-01 07882795 1 2023-01-01 2023-12-31 07882795 d:Director1 2023-01-01 2023-12-31 07882795 c:CurrentFinancialInstruments 2023-12-31 07882795 c:CurrentFinancialInstruments 2022-12-31 07882795 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 07882795 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 07882795 c:ShareCapital 2023-12-31 07882795 c:ShareCapital 2022-12-31 07882795 c:ShareCapital 2022-01-01 07882795 c:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07882795 c:RetainedEarningsAccumulatedLosses 2023-12-31 07882795 c:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 07882795 c:RetainedEarningsAccumulatedLosses 2022-12-31 07882795 c:RetainedEarningsAccumulatedLosses 2022-01-01 07882795 d:FRS102 2023-01-01 2023-12-31 07882795 d:Audited 2023-01-01 2023-12-31 07882795 d:FullAccounts 2023-01-01 2023-12-31 07882795 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07882795 d:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07882795 4 2023-01-01 2023-12-31 07882795 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered Number:07882795







NSI ENGINEERING SOLUTIONS STAFFING LTD (FORMERLY NORTECH STAFFING SOLUTIONS LTD)







FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023


 
NSI ENGINEERING SOLUTIONS STAFFING LTD
REGISTERED NUMBER: 07882795

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
805,102
267,961

Cash at bank and in hand
 5 
2,419
300

  
807,521
268,261

Creditors: amounts falling due within one year
 6 
(775,165)
(130,530)

Net current assets
  
 
 
32,356
 
 
137,731

Total assets less current liabilities
  
32,356
137,731

  

Net assets
  
32,356
137,731


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
32,256
137,631

  
32,356
137,731


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 comprehensive income 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: 




I M Stentiford
Director

Date: 4 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
NSI ENGINEERING SOLUTIONS STAFFING LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
100
137,631
137,731



Loss for the year
-
(105,375)
(105,375)


At 31 December 2023
100
32,256
32,356


The notes on pages 3 to 6 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
100
143,880
143,980



Loss for the year
-
(6,249)
(6,249)


At 31 December 2022
100
137,631
137,731


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NSI ENGINEERING SOLUTIONS STAFFING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

NSI Engineering Solutions Staffing Ltd (formerly Nortech Staffing Solutions Ltd) is a private Company limited by shares, incorporated in England and Wales. The Company's registered number is 07882795 and the registered office is Nanjerrick Court, Allet, Truro, Cornwall, TR4 9DJ.

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

Going concern

After reviewing the Company's forecasts and projections, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational for the next 12 months with support provided from the parent. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

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.

 
2.4

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.

Page 3

 
NSI ENGINEERING SOLUTIONS STAFFING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.


 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).


4.


Debtors

2023
2022
£
£


Trade debtors
-
768

Amounts owed by group undertakings
662,450
252,175

Other debtors
142,546
12,892

Prepayments and accrued income
106
2,126

805,102
267,961


Amounts owed by group undertakings are not interest bearing and are repayable on demand.

Page 4

 
NSI ENGINEERING SOLUTIONS STAFFING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,419
300

2,419
300



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
53,298
107,963

Amounts owed to group undertakings
687,020
281

Other creditors
384
-

Accruals and deferred income
34,463
22,286

775,165
130,530


Amounts owed to group undertakings are not interest bearing and are repayable on demand.


7.


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 £3,442 (2022: £3,778). Contributions totalling £Nil (2022: £Nil) were payable to the fund at the reporting date and are included in creditors.


8.


Related party transactions

NSI Engineering Solutions Staffing Ltd (formerly Nortech Staffing Solutions Ltd) has taken exemption in accordance with section 33 of FRS102 not to disclose transactions with other wholly owned group companies.


9.


Post balance sheet events

On 9th January 2024 there was a sub division of existing 100 ordinary shares into 10,000 ordinary shares of £0.01 each.


10.


Controlling party

The immediate parent undertaking until 8th January 2024 was Nortech Solutions Group Limited with registered address of Unit 4, Blenheim Court, Woodlands, Bradley Stoke, Bristol, England, BS32 4NE.  There was a group restructure on 9th January 2024 and the immediate parent is now Nijhuis Saur Industries UK & Ireland Limited. 
The ultimate parent Company is Sucre AcquisitionCo SARL, a company registered in Luxembourg.

Page 5

 
NSI ENGINEERING SOLUTIONS STAFFING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Auditors' information

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

The audit report was signed on 4 April 2025 by Michael Bath BSc FCA DChA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.

Page 6