Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falsefalse33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05296160 2023-05-01 2024-04-30 05296160 2022-05-01 2023-04-30 05296160 2024-04-30 05296160 2023-04-30 05296160 c:Director1 2023-05-01 2024-04-30 05296160 c:Director2 2023-05-01 2024-04-30 05296160 d:CurrentFinancialInstruments 2024-04-30 05296160 d:CurrentFinancialInstruments 2023-04-30 05296160 d:Non-currentFinancialInstruments 2024-04-30 05296160 d:Non-currentFinancialInstruments 2023-04-30 05296160 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05296160 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05296160 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 05296160 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 05296160 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 05296160 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 05296160 d:ShareCapital 2024-04-30 05296160 d:ShareCapital 2023-04-30 05296160 d:SharePremium 2024-04-30 05296160 d:SharePremium 2023-04-30 05296160 d:CapitalRedemptionReserve 2024-04-30 05296160 d:CapitalRedemptionReserve 2023-04-30 05296160 d:RetainedEarningsAccumulatedLosses 2024-04-30 05296160 d:RetainedEarningsAccumulatedLosses 2023-04-30 05296160 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 05296160 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 05296160 c:OrdinaryShareClass1 2023-05-01 2024-04-30 05296160 c:OrdinaryShareClass1 2024-04-30 05296160 c:OrdinaryShareClass1 2023-04-30 05296160 c:FRS102 2023-05-01 2024-04-30 05296160 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05296160 c:FullAccounts 2023-05-01 2024-04-30 05296160 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05296160 2 2023-05-01 2024-04-30 05296160 6 2023-05-01 2024-04-30 05296160 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 05296160









NIGHTINGALE CONTRACT SERVICES GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
NIGHTINGALE CONTRACT SERVICES GROUP LIMITED
REGISTERED NUMBER: 05296160

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,290,708
1,290,708

  
1,290,708
1,290,708

Current assets
  

Debtors: amounts falling due within one year
 5 
81,996
62,949

Cash at bank and in hand
  
7,937
19,804

  
89,933
82,753

Creditors: amounts falling due within one year
 6 
(388,919)
(387,539)

Net current liabilities
  
 
 
(298,986)
 
 
(304,786)

Total assets less current liabilities
  
991,722
985,922

Creditors: amounts falling due after more than one year
 7 
(29,881)
(72,206)

  

Net assets
  
961,841
913,716


Capital and reserves
  

Called up share capital 
 10 
170
170

Share premium account
  
175,884
175,884

Capital redemption reserve
  
84
84

Profit and loss account
  
785,703
737,578

  
961,841
913,716


Page 1

 
NIGHTINGALE CONTRACT SERVICES GROUP LIMITED
REGISTERED NUMBER: 05296160

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S J Felstead
R M Palmer
Director
Director


Date: 15 October 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NIGHTINGALE CONTRACT SERVICES GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Nightingale Contract Services Group Limited, registered number 05296160, is a private company, limited by shares, incorporated in England and Wales within the United Kingdom. The Registered Office is 25 Brookfield Road, Sawston, Cambridge, CB22 3EH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
NIGHTINGALE CONTRACT SERVICES GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
NIGHTINGALE CONTRACT SERVICES GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
NIGHTINGALE CONTRACT SERVICES GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
135,425
195,975

Social security costs
16,156
24,510

151,581
220,485


The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
NIGHTINGALE CONTRACT SERVICES GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
1,290,708



At 30 April 2024
1,290,708






Net book value



At 30 April 2024
1,290,708



At 30 April 2023
1,290,708


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
59,688
59,688

Other debtors
3,261
3,261

Deferred taxation
19,047
-

81,996
62,949



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
42,325
42,325

Amounts owed to group undertakings
335,703
335,953

Other taxation and social security
6,776
5,161

Accruals and deferred income
4,115
4,100

388,919
387,539


The aggregate amount of secured creditors is £72,206 (2023 - £114,531) provided by a group Company by the way of guarantee.

Page 7

 
NIGHTINGALE CONTRACT SERVICES GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
29,881
72,206

29,881
72,206



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
42,325
42,325

Amounts falling due 1-2 years

Other loans
29,881
72,206



72,206
114,531



9.


Deferred taxation




2024


£






Charged to profit or loss
19,047



At end of year
19,047

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
19,047
-

19,047
-

Page 8

 
NIGHTINGALE CONTRACT SERVICES GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



170 (2023 - 170) Ordinary A shares of £1.00 each
170
170



11.


Related party transactions

During the year, the Company had a loan account with Nightingale Cleaning Limited, a wholly owned
subsidary. The amount due at the the year end was £276,015 (2023 - £276,265).
All related party loans detailed above are interest free and repayable on demand.


Page 9