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REGISTERED NUMBER: 05302114 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

ARUNDEL CARE SERVICES LIMITED

ARUNDEL CARE SERVICES LIMITED (REGISTERED NUMBER: 05302114)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


ARUNDEL CARE SERVICES LIMITED (REGISTERED NUMBER: 05302114)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 65,475 68,765

CURRENT ASSETS
Debtors 6 1,322,739 1,239,925
Cash at bank and in hand 79,438 80,120
1,402,177 1,320,045
CREDITORS
Amounts falling due within one year 7 1,363,734 1,302,355
NET CURRENT ASSETS 38,443 17,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,918

86,455

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,818 86,355
SHAREHOLDERS' FUNDS 103,918 86,455

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





J C Hollywood - Director


ARUNDEL CARE SERVICES LIMITED (REGISTERED NUMBER: 05302114)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Arundel Care Services 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: 05302114

Registered office: Chancery House
3 Hatchlands Road
Redhill
RH1 6AA

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


All amounts in the financial statements have been rounded to the nearest £.

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.

The directors have considered the company's operating financial requirements for the forthcoming year and expect that the company will have sufficient cash reserves to meet those requirements and as a result they have prepared the accounts on the going concern basis.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
- Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty

- Tangible fixed assets

Tangible fixed assets, other than investment properties, are depreciated over their useful lives taking into account 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 re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Turnover
Turnover represents amounts chargeable in respect of the provision of care services to service users.

ARUNDEL CARE SERVICES LIMITED (REGISTERED NUMBER: 05302114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

It is company policy to maintain the freehold properties in a continual state of good repair such that the value is not diminished over time. Accordingly, the directors consider the freehold properties have a long useful economic life and their residual value is sufficiently high so that depreciation, if any, is insignificant.

Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on reducing balance
Office equipment- 15% on reducing balance

Assets that are subject to depreciation are assessed at each reporting date to determine whether there is any indication that the assets are impaired.

Financial instruments
Basic financial assets, which include trade debtors, other debtors and cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently recognised at amortised cost.

Basic financial liabilities, including trade creditors and other creditors, are initially recognised at transaction price and are subsequently recognised at amortised cost.

Classification of financial liabilities

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 entity after deducting all of its financial liabilities.

The company has no financial assets or financial liabilities measured at fair value but it does have external borrowings. The company is not exposed to any material risk arising from the interest rate benchmark reform as LIBOR is replaced with alternative benchmark interest rates.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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

ARUNDEL CARE SERVICES LIMITED (REGISTERED NUMBER: 05302114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued

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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary costs of the future holiday entitlement accrued at the balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 71 (2022 - 73 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 231,948
Additions 13,995
Disposals (5,932 )
At 30 June 2023 240,011
DEPRECIATION
At 1 July 2022 163,183
Charge for year 16,214
Eliminated on disposal (4,861 )
At 30 June 2023 174,536
NET BOOK VALUE
At 30 June 2023 65,475
At 30 June 2022 68,765

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,468 22,358
Amounts owed by group undertakings 978,153 1,136,395
Other debtors 338,118 81,172
1,322,739 1,239,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 23,734 9,416
Taxation and social security 92,978 38,301
Other creditors 1,247,022 1,254,638
1,363,734 1,302,355

ARUNDEL CARE SERVICES LIMITED (REGISTERED NUMBER: 05302114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. LEASING AGREEMENTS
Lease payments due under non-cancellable operating leases totalled £22,000 (2022: £224,000) at the balance sheet date.

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

The Report of the Auditors was unqualified.

Susan Jones FCA (Senior Statutory Auditor)
for and on behalf of Vista Audit LLP

10. CONTINGENT LIABILITIES

A cross guarantee is in place with Santander UK Plc to secure monies owed to it by Arundel Care Services Holdings Limited. The bank loan is secured by a debenture giving a fixed and floating charge over the assets and undertaking of the company and a first legal charge over each of the properties owned by Arundel Care Services Holdings Limited. As at 30 June 2023 the amounts due to the bank by Arundel Care Services Holdings Limited was £2,515,625.

11. RELATED PARTY DISCLOSURES

During the year the company advanced £248,418 in total to directors and £60,000 in total was repaid by directors. The amounts advanced have interest of £3,223 charged on them and are repayable on demand.

At the balance sheet date the company was owed £191,641 in total by directors.

12. ULTIMATE PARENT AND PARENT UNDERTAKING

The company's ultimate parent and parent undertaking is Arundel Care Services Holdings Limited, the registered office and principal place of business of which is at Chancery House, 3 Hatchlands Road, Redhill, Surrey RH1 6AA.