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REGISTERED NUMBER: 09690062 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2022

FOR

HEALTH AND SOCIAL CARE SERVICES LTD

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEALTH AND SOCIAL CARE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTORS: G R Ward
R Tongson-Espe





REGISTERED OFFICE: 16 Eaton Court
Colmworth Business Park
St Neots
Cambridgeshire
PE19 8ER





REGISTERED NUMBER: 09690062 (England and Wales)





AUDITORS: Thompson Taraz Rand Audit and Assurance Limited
Chartered Accountants and Statutory Auditors
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 5 181,419 404,035

CURRENT ASSETS
Debtors 6 2,730,669 1,226,833
Cash at bank 570,992 38,991
3,301,661 1,265,824
CREDITORS
Amounts falling due within one year 7 (1,633,406 ) (687,309 )
NET CURRENT ASSETS 1,668,255 578,515
TOTAL ASSETS LESS CURRENT LIABILITIES 1,849,674 982,550

CREDITORS
Amounts falling due after more than one
year

8

-

(808,637

)

PROVISIONS FOR LIABILITIES 11 (45,364 ) (26,873 )
NET ASSETS 1,804,310 147,040

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 1,804,210 146,940
SHAREHOLDERS' FUNDS 1,804,310 147,040

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:




G R Ward - Director



R Tongson-Espe - Director


HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Health and Social Care Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
Tangible Fixed Assets:
Tangible fixed assets are depreciated over their expected useful lives taking into consideration residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In reassessing assets lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into consideration.

Turnover
Turnover is recoginsed in respect of the delivery of critical care services. Revenue is recognised once the right to consideration has been earned which is the fulfilment of care provision for an agreed time period. Revenue invoiced in advanced is recognised as a liability and released to the profit and loss account once the care package hs been fulfilled. Where the right to consideration has be earned but not invoiced revenue is accrued to the financial statements for the value of the care provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the term of the lease, which ever is the shorter.

Leasehold improvements:5% on Cost

Plant and machinery:10% on Cost.

Computer equipment33% on Cost

Motor Vehicles20% on Cost

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

3. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 242 (2021 - 247 ) .

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 October 2021 243,463 11,523 51,459
Additions - - 11,561
Disposals (187,581 ) (1,635 ) -
Reclassification/transfer (55,882 ) - 27,654
At 30 September 2022 - 9,888 90,674
DEPRECIATION
At 1 October 2021 5,651 4,149 5,671
Charge for year - 2,005 20,423
Eliminated on disposal (5,651 ) - -
Reclassification/transfer - 1,808 1,353
At 30 September 2022 - 7,962 27,447
NET BOOK VALUE
At 30 September 2022 - 1,926 63,227
At 30 September 2021 237,812 7,374 45,788

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2021 128,190 88,076 522,711
Additions 99,337 - 110,898
Disposals (128,190 ) - (317,406 )
Reclassification/transfer - 1,705 (26,523 )
At 30 September 2022 99,337 89,781 289,680
DEPRECIATION
At 1 October 2021 38,962 64,243 118,676
Charge for year 30,470 26,255 79,153
Eliminated on disposal (59,552 ) - (65,203 )
Reclassification/transfer - (27,526 ) (24,365 )
At 30 September 2022 9,880 62,972 108,261
NET BOOK VALUE
At 30 September 2022 89,457 26,809 181,419
At 30 September 2021 89,228 23,833 404,035

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2021 128,190
Disposals (128,190 )
At 30 September 2022 -
DEPRECIATION
At 1 October 2021 38,962
Charge for year 20,590
Eliminated on disposal (59,552 )
At 30 September 2022 -
NET BOOK VALUE
At 30 September 2022 -
At 30 September 2021 89,228

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,412,768 933,258
Other debtors 317,901 293,575
2,730,669 1,226,833

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 9) - 12,142
Trade creditors 131,305 94,985
Amounts owed to group undertakings 430,000 -
Taxation and social security 616,437 300,627
Other creditors 455,664 279,555
1,633,406 687,309

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 9) - 89,569
Amounts owed to group undertakings - 719,068
- 808,637

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year - 12,142
Between one and five years - 89,569
- 101,711

Non-cancellable operating leases
2022 2021
£    £   
Within one year 91,685 73,255
Between one and five years 223,153 163,396
314,838 236,651

Operating lease commitments relates to the rental of commercial property from which the company trades.

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts - 101,711

Bank loans and overdrafts are secured by fixed and floating charge by way of a debenture overall all assets of the company.

Assets held under hire purchase agreements are secured against the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 45,364 26,873

Deferred
tax
£   
Balance at 1 October 2021 26,873
Provided during year 3,808
Rate movement 14,683
Balance at 30 September 2022 45,364

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

11. PROVISIONS FOR LIABILITIES - continued

Deferred tax is recognised in respect of the excess of capital allowances over depreciation.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,000 Ordinary 10p 100 100

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Rand (Senior Statutory Auditor)
for and on behalf of Thompson Taraz Rand Audit and Assurance Limited



14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 September 2022 and the period ended 30 September 2021:

2022 2021
£    £   
L Walliman
Balance outstanding at start of year - 22,212
Amounts repaid - -
Amounts written off - -
Amounts waived - (22,212 )
Balance outstanding at end of year - -

G R Ward
Balance outstanding at start of year - -
Amounts advanced 47,431 -
Amounts repaid (47,431 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

15. RELATED PARTY DISCLOSURES

During the year under review the company incurred total management fees of £82,272 (2021: £75,841)
from a fellow group company.

The company received rent amounting to £4,785 from a member of the same group. The company also sold lease hold improvements for their net book value of £181,930.

The balance due on a intercompany account at the balance sheet date is £430,000 (2021: £719,069).This balance bears no interest and is disclosed within amounts due to group undertakings within creditors due in less than one year.

Included within other debtors is a balance of £57,500 (2021:£57,500) due from a company controlled by a director of Health and Social Care Services Ltd.

The company was also invoiced £110,673 (2021: nil) in relation to overseas staff recruitment expenses and £23,088 (2021: nil) in respect of Nursing Services by a directors personal service company. The amount owing at the balance sheet date is £7,416 and is disclosed within trade creditors and £23,088 included within accruals.

During the year under review the company was charged rent of £34,800 (2021: £33,833) in relation to the use of a commercial premises owned by a self invested personal pension scheme of which a director of the company is a beneficiary.

Key Management Personal Compensation:

The amount of remuneration paid to key management personal during the year amounted to £226,968 (2021: £245,993).

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the company's parent company Abbott Healthcare Ltd The consolidated financial statements of the group can be obtained directly from the registrar of companies or the group's head office address; 16 Eaton Court, Colmworth Business Park, Eaton Socon, St Neots, Cambridgeshire, PE19 8ER.