Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2023-08-01false1919truetrue 04837506 2023-08-01 2024-07-31 04837506 2022-08-01 2023-07-31 04837506 2024-07-31 04837506 2023-07-31 04837506 c:Director1 2023-08-01 2024-07-31 04837506 d:Buildings d:ShortLeaseholdAssets 2023-08-01 2024-07-31 04837506 d:Buildings d:ShortLeaseholdAssets 2024-07-31 04837506 d:Buildings d:ShortLeaseholdAssets 2023-07-31 04837506 d:FurnitureFittings 2023-08-01 2024-07-31 04837506 d:FurnitureFittings 2024-07-31 04837506 d:FurnitureFittings 2023-07-31 04837506 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04837506 d:ComputerEquipment 2023-08-01 2024-07-31 04837506 d:ComputerEquipment 2024-07-31 04837506 d:ComputerEquipment 2023-07-31 04837506 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04837506 d:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 04837506 d:OtherPropertyPlantEquipment 2024-07-31 04837506 d:OtherPropertyPlantEquipment 2023-07-31 04837506 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04837506 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04837506 d:CurrentFinancialInstruments 2024-07-31 04837506 d:CurrentFinancialInstruments 2023-07-31 04837506 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04837506 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04837506 d:ShareCapital 2024-07-31 04837506 d:ShareCapital 2023-07-31 04837506 d:RetainedEarningsAccumulatedLosses 2024-07-31 04837506 d:RetainedEarningsAccumulatedLosses 2023-07-31 04837506 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-08-01 2024-07-31 04837506 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-07-31 04837506 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-07-31 04837506 d:FurtherSpecificTypeProvisionContingentLiability3ComponentTotalProvisionsContingentLiabilities 2023-08-01 2024-07-31 04837506 d:FurtherSpecificTypeProvisionContingentLiability3ComponentTotalProvisionsContingentLiabilities 2024-07-31 04837506 d:FurtherSpecificTypeProvisionContingentLiability3ComponentTotalProvisionsContingentLiabilities 2023-07-31 04837506 d:FurtherSpecificTypeProvisionContingentLiability4ComponentTotalProvisionsContingentLiabilities 2023-08-01 2024-07-31 04837506 d:FurtherSpecificTypeProvisionContingentLiability4ComponentTotalProvisionsContingentLiabilities 2024-07-31 04837506 d:FurtherSpecificTypeProvisionContingentLiability4ComponentTotalProvisionsContingentLiabilities 2023-07-31 04837506 c:FRS102 2023-08-01 2024-07-31 04837506 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04837506 c:FullAccounts 2023-08-01 2024-07-31 04837506 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04837506 d:WithinOneYear 2024-07-31 04837506 d:WithinOneYear 2023-07-31 04837506 d:BetweenOneFiveYears 2024-07-31 04837506 d:BetweenOneFiveYears 2023-07-31 04837506 2 2023-08-01 2024-07-31 04837506 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 04837506










EXPATRIATE MANAGEMENT SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
EXPATRIATE MANAGEMENT SERVICES LIMITED
REGISTERED NUMBER:04837506

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,889
21,245

  
18,889
21,245

Current assets
  

Debtors: amounts falling due within one year
 5 
911,555
818,009

Cash at bank and in hand
  
196,883
160,570

  
1,108,438
978,579

Creditors: amounts falling due within one year
 6 
(358,628)
(293,417)

Net current assets
  
 
 
749,810
 
 
685,162

Total assets less current liabilities
  
768,699
706,407

Provisions for liabilities
  

Other provisions
 7 
(253,500)
(227,213)

  
 
 
(253,500)
 
 
(227,213)

Net assets
  
515,199
479,194


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
515,099
479,094

  
515,199
479,194


Page 1

 
EXPATRIATE MANAGEMENT SERVICES LIMITED
REGISTERED NUMBER:04837506
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The director considers 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 director acknowledges his 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 income statement 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: 




................................................
P L Holland
Director

Date: 16 April 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EXPATRIATE MANAGEMENT SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Expatriate Management Services Limited is a company limited by shares incorporated in England within the United Kingdom, registered company number 04837506. The registered office address is 3 St. James Court, 1st Floor East, Norwich, Norfolk, England, NR3 1RJ.

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 financial statements are presented in sterling which is the functional currency of the company
and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unless otherwise
stated.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

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

Page 3

 
EXPATRIATE MANAGEMENT SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting 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 reporting 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 reporting date.


 
2.8

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.

Page 4

 
EXPATRIATE MANAGEMENT SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
Straight Line
Fixtures and fittings
-
20%
Straight Line
Computer equipment
-
33%
Straight Line
Computer software
-
10%
Straight Line

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 profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

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.

Page 5

 
EXPATRIATE MANAGEMENT SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 19).


4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
14,510
26,712
24,899
44,219
110,340


Additions
-
-
7,090
-
7,090



At 31 July 2024

14,510
26,712
31,989
44,219
117,430



Depreciation


At 1 August 2023
5,623
17,704
21,912
43,856
89,095


Charge for the year on owned assets
1,451
4,590
3,344
61
9,446



At 31 July 2024

7,074
22,294
25,256
43,917
98,541



Net book value



At 31 July 2024
7,436
4,418
6,733
302
18,889



At 31 July 2023
8,887
9,008
2,987
363
21,245

Page 6

 
EXPATRIATE MANAGEMENT SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
395,190
452,581

Other debtors
345,207
255,128

Prepayments and accrued income
124,020
109,843

Deferred taxation
47,138
457

911,555
818,009



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
204,509
193,641

Corporation tax
452
4,090

Other taxation and social security
23,021
14,736

Other creditors
7,655
7,040

Accruals and deferred income
122,991
73,910

358,628
293,417



7.


Provisions




Dilapidation provision
Other provision
Legal provisions
Total

£
£
£
£





At 1 August 2023
20,000
25,757
181,456
227,213


Charged to profit or loss
5,000
(4,213)
70,000
70,787


Utilised in year
-
-
(44,500)
(44,500)



At 31 July 2024
25,000
21,544
206,956
253,500

Page 7

 
EXPATRIATE MANAGEMENT SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


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 £14,625 (2023 - £11,809). Contributions totalling £2,993 (2023 - £2,347) were payable to the fund at the reporting date and are included in creditors.


9.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
6,875
72,637

Later than 1 year and not later than 5 years
-
6,875

6,875
79,512


10.


Transactions with directors

At the year end the director owed the company £195,682 (2023 - £94,344).
Interest has been charged at 2.5% on the balance owed to the company during the year, which amounts to £3,794 (2023 - £2,347).


11.


Related party transactions

At the year end there was an intercompany balance owing of £1,067 (2023- £23,979) to companies  connected by virtue of being under common control.

 
Page 8