Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-29falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Recruitment agencytrue42023-03-01false3true 13227439 2023-03-01 2024-02-29 13227439 2022-03-01 2023-02-28 13227439 2024-02-29 13227439 2023-02-28 13227439 c:Director1 2023-03-01 2024-02-29 13227439 d:OfficeEquipment 2023-03-01 2024-02-29 13227439 d:OfficeEquipment 2024-02-29 13227439 d:OfficeEquipment 2023-02-28 13227439 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13227439 d:CurrentFinancialInstruments 2024-02-29 13227439 d:CurrentFinancialInstruments 2023-02-28 13227439 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13227439 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13227439 d:ShareCapital 2024-02-29 13227439 d:ShareCapital 2023-02-28 13227439 d:RetainedEarningsAccumulatedLosses 2024-02-29 13227439 d:RetainedEarningsAccumulatedLosses 2023-02-28 13227439 c:FRS102 2023-03-01 2024-02-29 13227439 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13227439 c:FullAccounts 2023-03-01 2024-02-29 13227439 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13227439 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13227439










NEXUSCW LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
NEXUSCW LTD
REGISTERED NUMBER: 13227439

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,048
2,560

Current assets
  

Debtors: amounts falling due within one year
 5 
3,385
16,117

Cash at bank and in hand
  
10,112
71,116

  
13,497
87,233

Creditors: amounts falling due within one year
  
(8,941)
(55,172)

Net current assets
  
 
 
4,556
 
 
32,061

Total assets less current liabilities
  
6,604
34,621

  

Net assets
  
6,604
34,621


Capital and reserves
  

Called up share capital 
  
3,000
3,000

Profit and loss account
  
3,604
31,621

  
6,604
34,621


Page 1

 
NEXUSCW LTD
REGISTERED NUMBER: 13227439
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 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 statement of income and retained earnings 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 on 11 March 2025.




G Sava
Director

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

Page 2

 
NEXUSCW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

NexusCW Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 13227439). Its registered office is 71-75 Shelton Street, London, WC2H 9JQ. The principal activity of the Company throughout the year continued to be that of a recruitment agency. 

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the ability of the company to generate profits in the future. The directors believe this to be well founded, based on current and expected future levels of activity. The financial statements do not include any adjustments that would result if sufficient profits were not generated.

 
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.

Page 3

 
NEXUSCW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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 the Statement of Income and Retained Earnings 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.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis

Depreciation is provided on the following basis:

Office equipment
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in Statement of Income & Retained Earnings.

Page 4

 
NEXUSCW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade receivables and payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

Page 5

 
NEXUSCW LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
4,000



At 29 February 2024

4,000



Depreciation


At 1 March 2023
1,440


Charge for the year on owned assets
512



At 29 February 2024

1,952



Net book value



At 29 February 2024
2,048



At 28 February 2023
2,560


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
-
16,117

Other debtors
3,385
-

3,385
16,117



6.


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 £NIL (2023: £910). Contributions totalling £NIL (2023 - £250) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 6