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REGISTERED NUMBER: 07364096 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REMEDICARE STAFFING LIMITED

REMEDICARE STAFFING LIMITED (REGISTERED NUMBER: 07364096)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REMEDICARE STAFFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Isaacs
O Ouazzani
S Rahmani
JR Hardy





REGISTERED OFFICE: 2nd Floor Imperium Reading Offices
Imperial Way
Reading
RG2 0TD





REGISTERED NUMBER: 07364096 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

REMEDICARE STAFFING LIMITED (REGISTERED NUMBER: 07364096)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 40,333 42,847
Investments 5 300 200
40,633 43,047

CURRENT ASSETS
Debtors 6 442,206 645,536
Cash at bank 224,057 228,484
666,263 874,020
CREDITORS
Amounts falling due within one year 7 381,307 402,486
NET CURRENT ASSETS 284,956 471,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,589

514,581

CREDITORS
Amounts falling due after more than one
year

8

(104,167

)

(154,167

)

PROVISIONS FOR LIABILITIES (8,654 ) (8,864 )
NET ASSETS 212,768 351,550

CAPITAL AND RESERVES
Called up share capital 11 132 131
Share premium 59,468 54,469
Retained earnings 153,168 296,950
212,768 351,550

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

REMEDICARE STAFFING LIMITED (REGISTERED NUMBER: 07364096)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





S Rahmani - Director


REMEDICARE STAFFING LIMITED (REGISTERED NUMBER: 07364096)

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


1. STATUTORY INFORMATION

Remedicare Staffing Limited 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. 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.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group financial statements. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Preparation of consolidated financial statements
The financial statements contain information about Remedicare Staffing Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, , .

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% and 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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 balance sheet date.


REMEDICARE STAFFING LIMITED (REGISTERED NUMBER: 07364096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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 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
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 40 (2022 - 47 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 136,618
Additions 13,315
At 31 December 2023 149,933
DEPRECIATION
At 1 January 2023 93,771
Charge for year 15,829
At 31 December 2023 109,600
NET BOOK VALUE
At 31 December 2023 40,333
At 31 December 2022 42,847

REMEDICARE STAFFING LIMITED (REGISTERED NUMBER: 07364096)

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


5. FIXED ASSET INVESTMENTS
Interest in
associate
£
COST
At 1 January 2023 200
Additions 100
At 31 December 2023 300
NET BOOK VALUE
At 31 December 2023 300
At 31 December 2022 200

Name of undertaking No Class % Held

Engage Healthcare Ltd 1 Ordinary 100.00
Pure Care Recruitment Ltd 1 Ordinary 100.00
Remedicare Education Ltd 1 Ordinary 87.00


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 298,865 408,952
Amounts owed by group undertakings 19,534 119,863
Other debtors 123,807 116,721
442,206 645,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 50,000 50,000
Trade creditors 47,923 81,692
Amounts owed to group undertakings 26,084 100
Taxation and social security 149,543 171,589
Other creditors 107,757 99,105
381,307 402,486

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 104,167 154,167

REMEDICARE STAFFING LIMITED (REGISTERED NUMBER: 07364096)

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


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 169,519 150,734
Between one and five years 318,612 443,755
488,131 594,489

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 154,167 204,167

Bank loans are secured by way of fixed and floating charges over the company's assets.

There is also a charge registered at Companies House, dated 18 January 2021, under which the company provides security for a related party company's debts.

11. CALLED UP SHARE CAPITAL


Class of Share

Type

Issued
Nominal
Value £

Total£

A Ordinary 50,000 0.001 50
B Ordinary 50,000 0.001 50
C Ordinary 25,000 0.001 25
D Ordinary 6,623 0.001 7
Total 131,623 132

12. RELATED PARTY DISCLOSURES

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.

13. ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.