Silverfin false 31/03/2023 01/04/2022 31/03/2023 D Lambert 12/04/2001 25 October 2023 The principal activity of the company is that of the placement of workers into care homes. 04199711 2023-03-31 04199711 bus:Director1 2023-03-31 04199711 2022-03-31 04199711 core:CurrentFinancialInstruments 2023-03-31 04199711 core:CurrentFinancialInstruments 2022-03-31 04199711 core:Non-currentFinancialInstruments 2023-03-31 04199711 core:Non-currentFinancialInstruments 2022-03-31 04199711 core:ShareCapital 2023-03-31 04199711 core:ShareCapital 2022-03-31 04199711 core:RetainedEarningsAccumulatedLosses 2023-03-31 04199711 core:RetainedEarningsAccumulatedLosses 2022-03-31 04199711 core:PlantMachinery 2022-03-31 04199711 core:PlantMachinery 2023-03-31 04199711 2022-04-01 2023-03-31 04199711 bus:FullAccounts 2022-04-01 2023-03-31 04199711 bus:SmallEntities 2022-04-01 2023-03-31 04199711 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04199711 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04199711 bus:Director1 2022-04-01 2023-03-31 04199711 core:PlantMachinery 2022-04-01 2023-03-31 04199711 2021-04-01 2022-03-31 04199711 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 04199711 (England and Wales)

J & K CARE SPECIALISTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

J & K CARE SPECIALISTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

J & K CARE SPECIALISTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
J & K CARE SPECIALISTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTOR D Lambert
SECRETARY C Lambert
REGISTERED OFFICE Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom
BUSINESS ADDRESS Unit 2 Prisma Park
Berrington Way
Wade Road
Basingstoke
Hampshire
RG24 8GT
COMPANY NUMBER 04199711 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
J & K CARE SPECIALISTS LIMITED

BALANCE SHEET

As at 31 March 2023
J & K CARE SPECIALISTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 13,181 13,582
13,181 13,582
Current assets
Debtors 4 19,562 127,748
Cash at bank and in hand 366,947 427,240
386,509 554,988
Creditors: amounts falling due within one year 5 ( 72,840) ( 110,957)
Net current assets 313,669 444,031
Total assets less current liabilities 326,850 457,613
Creditors: amounts falling due after more than one year 6 ( 24,111) ( 34,022)
Provision for liabilities ( 3,296) ( 3,396)
Net assets 299,443 420,195
Capital and reserves
Called-up share capital 2 2
Profit and loss account 299,441 420,193
Total shareholders' funds 299,443 420,195

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of J & K Care Specialists Limited (registered number: 04199711) were approved and authorised for issue by the Director on 25 October 2023. They were signed on its behalf by:

D Lambert
Director
J & K CARE SPECIALISTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
J & K CARE SPECIALISTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J & K Care Specialists Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Unit 2 Prisma Park, Berrington Way, Wade Road, Basingstoke, Hampshire, RG24 8GT.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received and receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

The company received a discretionary cash grant of £Nil (2022: £13,568) from the government as part of the Coronavirus Job Retention Scheme (CJRS) which compensates employers for part of the wages, associated national insurance contributions (NICs) and employer pension contributions for employees who have been placed on furlough (i.e. placed on temporary leave of absence from working for the employer). The grant is conditional upon the employees being employed and on the company PAYE payroll and the employee cannot do any work for their employer that makes money or provides services for their employer or any organisation linked or associated with their employer. There are no unfulfilled conditions or contingencies attached to the grant.

The company also received additional coronavirus support income of £Nil (2022: £81,536) during the year. There are no unfulfilled conditions or contingencies attached to this income.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 119 119

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 April 2022 30,535 30,535
Additions 4,002 4,002
At 31 March 2023 34,537 34,537
Accumulated depreciation
At 01 April 2022 16,953 16,953
Charge for the financial year 4,403 4,403
At 31 March 2023 21,356 21,356
Net book value
At 31 March 2023 13,181 13,181
At 31 March 2022 13,582 13,582

4. Debtors

2023 2022
£ £
Trade debtors 19,562 126,879
Prepayments 0 869
19,562 127,748

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,911 9,666
Amounts owed to director 1,504 1,504
Accruals 2,950 3,500
Taxation and social security 44,817 75,516
Other creditors 13,658 20,771
72,840 110,957

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 24,111 34,022

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Other financial commitments

2023 2022
£ £
Other financial commitments 14,871 33,390

The total amount of financial commitments not included in the balance sheet is £14,871 (2022 - £33,390). At the reporting end date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases. The amount due within one year is £7,975 (2022 - £18,519).