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
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
Only Social Care Recruitment Ltd
Statement of financial position
as at 31 March 2024
Debtors
2,388,817
2,486,673
Cash at bank and in hand
42,067
20,672
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
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
Only Social Care Recruitment Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2024
486
421
907
At 31 March 2023
607
974
1,581
Only Social Care Recruitment Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
2,315,852
2,395,511
Accrued income and prepayments
68,927
87,124
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,666,161
1,906,088
Trade creditors
53,208
25,907
Taxes and social security
21,054
15,692
Other creditors
62,070
62,069
The bank loan is secured by a debenture providing a fixed and floating charge over all the assets of the company.
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).