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REGISTERED NUMBER: 07443012 (England and Wales)















ASSOCIATED CARE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






ASSOCIATED CARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07443012)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


ASSOCIATED CARE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr N Cowley
Mr A P Cowley



REGISTERED OFFICE: 43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



REGISTERED NUMBER: 07443012 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: Santander UK Plc
2 Triton Square
Regent's Place
London
NW1 3AN

ASSOCIATED CARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07443012)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,097 60,145
Tangible assets 5 418,248 446,296
458,345 506,441

CURRENT ASSETS
Debtors 6 83,839 34,771
Cash at bank and in hand 9,754 36,299
93,593 71,070
CREDITORS
Amounts falling due within one year 7 80,753 72,608
NET CURRENT ASSETS/(LIABILITIES) 12,840 (1,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

471,185

504,903

CREDITORS
Amounts falling due after more than
one year

8

(470,486

)

(491,843

)

PROVISIONS FOR LIABILITIES (980 ) (1,026 )
NET (LIABILITIES)/ASSETS (281 ) 12,034

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (283 ) 12,032
SHAREHOLDERS' FUNDS (281 ) 12,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ASSOCIATED CARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07443012)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th February 2024 and were signed on its behalf by:





Mr N Cowley - Director


ASSOCIATED CARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07443012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Associated Care Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07443012

Registered office: 43-45 Devizes Road, Swindon, Wiltshire, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Turnover is measured at the fair value of consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 lease term, whichever is the shorter.
Long leasehold - Straight line over 20 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
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.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


ASSOCIATED CARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07443012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 222,500
AMORTISATION
At 1st January 2023 162,355
Charge for year 20,048
At 31st December 2023 182,403
NET BOOK VALUE
At 31st December 2023 40,097
At 31st December 2022 60,145

ASSOCIATED CARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07443012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1st January 2023 547,569 9,375 404 557,348
Disposals - (550 ) - (550 )
At 31st December 2023 547,569 8,825 404 556,798
DEPRECIATION
At 1st January 2023 106,469 4,405 178 111,052
Charge for year 26,772 746 133 27,651
Eliminated on disposal - (153 ) - (153 )
At 31st December 2023 133,241 4,998 311 138,550
NET BOOK VALUE
At 31st December 2023 414,328 3,827 93 418,248
At 31st December 2022 441,100 4,970 226 446,296

Fixed assets, included in the above, which are held under finance leases are as follows:
Long
leasehold
£   
COST
At 1st January 2023
and 31st December 2023 547,569
DEPRECIATION
At 1st January 2023 106,469
Charge for year 27,378
At 31st December 2023 133,847
NET BOOK VALUE
At 31st December 2023 413,722
At 31st December 2022 441,100

During the year ended 31 December 2019, the company entered into a sale and leaseback transaction for the property and improvements to property held on the balance sheet at 2 October 2019. At this point, the assets and depreciation were reclassified as leasehold property and the carrying value will be depreciated over the length of the lease of 20 years, being shorter than the useful life of the property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,596
Amounts owed by associates 54,000 -
Other debtors 29,839 29,175
83,839 34,771

ASSOCIATED CARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07443012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases 21,358 19,927
Trade creditors 1,467 3,723
Taxation and social security 44,178 28,433
Other creditors 13,750 20,525
80,753 72,608

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases 470,486 491,843

Amounts falling due in more than five years:

Repayable by instalments
Finance leases 370,745 397,826

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2