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Company Registration No. 05889500 (England and Wales)
Only Social Care Recruitment Ltd Unaudited accounts for the year ended 31 March 2024
Only Social Care Recruitment Ltd Unaudited accounts Contents
Page
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Only Social Care Recruitment Ltd Company Information for the year ended 31 March 2024
Directors
I Clouting C Day
Company Number
05889500 (England and Wales)
Registered Office
BASEPOINT BUSINESS CENTRE 70-72 THE HAVE RANSOMES EUROPARK IPSWICH IP3 9BF ENGLAND
Accountants
IPC Accounting Harvey House 6 College Road Framlingham IP13 9EP
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Only Social Care Recruitment Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
907 
1,581 
Current assets
Debtors
2,388,817 
2,486,673 
Cash at bank and in hand
42,067 
20,672 
2,430,884 
2,507,345 
Creditors: amounts falling due within one year
(1,856,826)
(2,057,195)
Net current assets
574,058 
450,150 
Net assets
574,965 
451,731 
Capital and reserves
Called up share capital
700,000 
700,000 
Profit and loss account
(125,035)
(248,269)
Shareholders' funds
574,965 
451,731 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by
I Clouting Director Company Registration No. 05889500
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Only Social Care Recruitment Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Only Social Care Recruitment Ltd is a private company, limited by shares, registered in England and Wales, registration number 05889500. The registered office is BASEPOINT BUSINESS CENTRE 70-72 THE HAVE, RANSOMES EUROPARK, IPSWICH, IP3 9BF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on Reducing Balance
Computer equipment
3 years Straightline
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,816 
6,147 
7,963 
At 31 March 2024
1,816 
6,147 
7,963 
Depreciation
At 1 April 2023
1,209 
5,173 
6,382 
Charge for the year
121 
553 
674 
At 31 March 2024
1,330 
5,726 
7,056 
Net book value
At 31 March 2024
486 
421 
907 
At 31 March 2023
607 
974 
1,581 
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Only Social Care Recruitment Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,315,852 
2,395,511 
Accrued income and prepayments
68,927 
87,124 
Other debtors
4,038 
4,038 
2,388,817 
2,486,673 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,666,161 
1,906,088 
VAT
54,333 
47,439 
Trade creditors
53,208 
25,907 
Taxes and social security
21,054 
15,692 
Other creditors
62,070 
62,069 
1,856,826 
2,057,195 
The bank loan is secured by a debenture providing a fixed and floating charge over all the assets of the company.
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
700,000 Ordinary shares of £1 each
700,000 
700,000 
8
Average number of employees
During the year the average number of employees was 20 (2023: 15).
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