Silverfin false false 31/03/2024 01/04/2023 31/03/2024 D Lambert 12/04/2001 27 June 2024 The principal activity of the company is that of the placement of workers into care homes. 04199711 2024-03-31 04199711 bus:Director1 2024-03-31 04199711 2023-03-31 04199711 core:CurrentFinancialInstruments 2024-03-31 04199711 core:CurrentFinancialInstruments 2023-03-31 04199711 core:Non-currentFinancialInstruments 2024-03-31 04199711 core:Non-currentFinancialInstruments 2023-03-31 04199711 core:ShareCapital 2024-03-31 04199711 core:ShareCapital 2023-03-31 04199711 core:RetainedEarningsAccumulatedLosses 2024-03-31 04199711 core:RetainedEarningsAccumulatedLosses 2023-03-31 04199711 core:PlantMachinery 2023-03-31 04199711 core:PlantMachinery 2024-03-31 04199711 2023-04-01 2024-03-31 04199711 bus:FilletedAccounts 2023-04-01 2024-03-31 04199711 bus:SmallEntities 2023-04-01 2024-03-31 04199711 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04199711 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04199711 bus:Director1 2023-04-01 2024-03-31 04199711 core:PlantMachinery 2023-04-01 2024-03-31 04199711 2022-04-01 2023-03-31 04199711 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 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 2024
Pages for filing with the registrar

J & K CARE SPECIALISTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

J & K CARE SPECIALISTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
J & K CARE SPECIALISTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
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 2024
J & K CARE SPECIALISTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 12,994 13,181
12,994 13,181
Current assets
Debtors 4 207,598 19,562
Cash at bank and in hand 357,840 366,947
565,438 386,509
Creditors: amounts falling due within one year 5 ( 147,886) ( 72,840)
Net current assets 417,552 313,669
Total assets less current liabilities 430,546 326,850
Creditors: amounts falling due after more than one year 6 ( 13,406) ( 24,111)
Provision for liabilities ( 3,249) ( 3,296)
Net assets 413,891 299,443
Capital and reserves
Called-up share capital 2 2
Profit and loss account 413,889 299,441
Total shareholders' funds 413,891 299,443

For the financial year ending 31 March 2024 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 27 June 2024. 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 2024
J & K CARE SPECIALISTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 91 119

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 April 2023 34,537 34,537
Additions 4,160 4,160
At 31 March 2024 38,697 38,697
Accumulated depreciation
At 01 April 2023 21,356 21,356
Charge for the financial year 4,347 4,347
At 31 March 2024 25,703 25,703
Net book value
At 31 March 2024 12,994 12,994
At 31 March 2023 13,181 13,181

4. Debtors

2024 2023
£ £
Trade debtors 207,598 19,562

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 9,769 9,911
Amounts owed to director 4,224 1,504
Accruals 2,850 2,950
Taxation and social security 121,070 44,817
Other creditors 9,973 13,658
147,886 72,840

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

2024 2023
£ £
Bank loans 13,406 24,111

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

2024 2023
£ £
Other financial commitments 3,672 14,871

The total amount of financial commitments not included in the balance sheet is £3,672 (2023 - £14,871). 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 £3,672 (2023 - £7,975).