Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13564737 2024-01-01 2024-12-31 13564737 2023-01-01 2023-12-31 13564737 2024-12-31 13564737 2023-12-31 13564737 c:CompanySecretary1 2024-01-01 2024-12-31 13564737 c:Director1 2024-01-01 2024-12-31 13564737 c:Director2 2024-01-01 2024-12-31 13564737 c:RegisteredOffice 2024-01-01 2024-12-31 13564737 d:CurrentFinancialInstruments 2024-12-31 13564737 d:CurrentFinancialInstruments 2023-12-31 13564737 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13564737 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13564737 d:UKTax 2024-01-01 2024-12-31 13564737 d:UKTax 2023-01-01 2023-12-31 13564737 d:ShareCapital 2024-12-31 13564737 d:ShareCapital 2023-12-31 13564737 d:RetainedEarningsAccumulatedLosses 2024-12-31 13564737 d:RetainedEarningsAccumulatedLosses 2023-12-31 13564737 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13564737 c:OrdinaryShareClass1 2024-12-31 13564737 c:OrdinaryShareClass1 2023-12-31 13564737 c:FRS102 2024-01-01 2024-12-31 13564737 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13564737 c:FullAccounts 2024-01-01 2024-12-31 13564737 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13564737 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13564737









ES GS SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ES GS SERVICES LTD
 
 
COMPANY INFORMATION


Directors
R Bhullar 
M Bhullar 




Company secretary
R Bhullar



Registered number
13564737



Registered office
3rd Floor, Waverley House
7-12 Noel Street

London




Accountants
Ecovis Wingrave Yeats UK Limited
Chartered Accountants

3rd Floor, Waverley House

7-12 Noel Street

London

W1F 8GQ





 
ES GS SERVICES LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
ES GS SERVICES LTD
REGISTERED NUMBER: 13564737

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
306,141
106,897

Cash at bank and in hand
  
7,887
10,687

  
314,028
117,584

Creditors: amounts falling due within one year
 6 
(245,366)
(55,788)

Net current assets
  
 
 
68,662
 
 
61,796

Total assets less current liabilities
  
68,662
61,796

  

Net assets
  
68,662
61,796


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
68,660
61,794

  
68,662
61,796

Page 1

 
ES GS SERVICES LTD
REGISTERED NUMBER: 13564737
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 16 July 2025.




R Bhullar
Director

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

Page 2

 
ES GS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

ES GS Services Ltd is a private company, limited by shares, incorporated in England & Wales, registration number 13564737. The Company's registered office is 3rd Floor, Waverley House, 7-12 Noel Street, London, United Kingdom, W1F 8GQ.

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors are committed to ensuring that the Company can meet its liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements. As a result, the directors consider it appropriate that these financial statements are prepared on the going concern basis.

 
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

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.

Page 3

 
ES GS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.


 
2.7

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

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.


 
Page 4

 
ES GS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Basic financial assets
 
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
 
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
 
Other financial assets
 
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
 
Financial assets are assessed for indicators of impairment at each reporting date. 
 
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
 
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
 
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
 
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

 
Page 5

 
ES GS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including the directors, during the period was 5 (2023 - 5). The directors received no remuneration from the Company during the year.


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
5,387
6,270


5,387
6,270


Total current tax
5,387
6,270
Page 6

 
ES GS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
 
4.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - higher than) the standard rate of corporation tax in the UK of 25% (2023 - 23.52%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
12,253
25,001


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.52%)
3,063
5,880

Effects of:


Expenses not deductible for tax purposes
2,450
218

Marginal relief
(137)
(49)

Remeasurement of deferred tax for changes in tax rates
-
(14)

Movement in deferred tax not recognised
11
235

Total tax charge for the year
5,387
6,270


5.


Debtors

2024
2023
£
£


Other debtors
233
1,842

Called up share capital
2
2

Prepayments and accrued income
305,906
105,053

306,141
106,897


Page 7

 
ES GS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,398
1,584

Amounts owed to related parties
20,298
-

Corporation tax
19,718
16,898

Other taxation and social security
195,238
29,720

Other creditors
3,229
3,186

Accruals and deferred income
5,485
4,400

245,366
55,788


Amounts owed to related parties are unsecured, interest free and repayable on demand.


7.


Share capital

2024
2023
£
£
Allotted, called up and unpaid



2 (2023 - 2) Ordinary shares shares of £1.00 each
2
2



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 £24,270 (2023 - £25,699). Contributions totalling £3,229 (2023 - £3,186) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

During the year, the Company made sales of £637,160 (2023 - £650,053) to Worldnet International Couriers Inc, a related company by virtue of common ownership. Additionally, Worldnet International Couriers Inc loaned amounts to the Company totalling £20,298 (2023 - £Nil). At the year end, amounts owing to Worldnet International Couriers Inc totalled £20,298 (2023 - £Nil) and are included within creditors.

 
Page 8