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Company registration number: 09753256

Social Care IT Solutions Limited

Filleted Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Social Care IT Solutions Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Social Care IT Solutions Limited

Company Information

Directors

Mr M G Carter

Mr A Aresti

Registered office

40-42 Kemble Street
Prescot
L34 5SQ

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Social Care IT Solutions Limited
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Social Care IT Solutions Limited for the year ended 29 February 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Social Care IT Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 16 December 2022. Our work has been undertaken solely to prepare for your approval the accounts of Social Care IT Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Social Care IT Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-
search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Social Care IT Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Social Care IT Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Social Care IT Solutions Limited. You consider that Social Care IT Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Social Care IT Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

14 November 2024

 

Social Care IT Solutions Limited

(Registration number: 09753256)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

21,519

19,378

Current assets

 

Cash at bank and in hand

 

616

-

Creditors: Amounts falling due within one year

5

(27,719)

(21,776)

Net current liabilities

 

(27,103)

(21,776)

Total assets less current liabilities

 

(5,584)

(2,398)

Creditors: Amounts falling due after more than one year

5

(17,557)

(19,223)

Net liabilities

 

(23,141)

(21,621)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(23,143)

(21,623)

Shareholders' deficit

 

(23,141)

(21,621)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Social Care IT Solutions Limited

(Registration number: 09753256)
Balance Sheet as at 29 February 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 November 2024 and signed on its behalf by:
 

.........................................
Mr A Aresti
Director

   
     
 

Social Care IT Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
40-42 Kemble Street
Prescot
L34 5SQ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis, the validity of which depends upon future profitable trading, and the support of the directors. Should the company be unable to continue trading, adjustments would be necessary to reduce the value of assets to their recoverable amounts, to provide for further liabilities which might arise and to reclassify fixed assets as current assets.

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

 

Social Care IT Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software

Still in development therefore no amortisation has been charged

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Social Care IT Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 March 2023

19,378

19,378

Additions acquired separately

2,141

2,141

At 29 February 2024

21,519

21,519

Amortisation

Carrying amount

At 29 February 2024

21,519

21,519

At 28 February 2023

19,378

19,378

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

2,910

2,698

Amounts owed to group undertakings and undertakings in which the company has a participating interest

18,532

15,876

Other creditors

 

6,277

3,202

 

27,719

21,776

 

Social Care IT Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

17,557

19,223

6

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

17,557

19,223

2024
£

2023
£

Current loans and borrowings

Bank borrowings

2,910

2,653

Bank overdrafts

-

45

2,910

2,698

7

Going concern

Although the financial statements show net current liabilities of £27,103 (2023: £21,776) and net liabilities of £23,141 (2023: £21,621), the directors are of the opinion that the financial statements can be prepared on the going concern basis on the grounds that the company will continue to receive support from the directors and will trade profitably in the future.