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REGISTERED NUMBER: 08809742 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AGE UK RICHMOND SERVICES LIMITED

AGE UK RICHMOND SERVICES LIMITED (REGISTERED NUMBER: 08809742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AGE UK RICHMOND SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D H King
G S Shand
M F T Monteiro



SECRETARY: D Baggs



REGISTERED OFFICE: The White House
45 The Avenue
Hampton
Richmond Upon Thames
TW12 3RN



REGISTERED NUMBER: 08809742 (England and Wales)



SENIOR STATUTORY AUDITOR: Jonathan Askew FCA



AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

AGE UK RICHMOND SERVICES LIMITED (REGISTERED NUMBER: 08809742)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,313 -

CURRENT ASSETS
Stocks 5,502 -
Debtors 5 581,732 142,309
Cash at bank 167,486 236,098
754,720 378,407
CREDITORS
Amounts falling due within one year 6 725,671 310,288
NET CURRENT ASSETS 29,049 68,119
TOTAL ASSETS LESS CURRENT LIABILITIES 44,362 68,119

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 44,361 68,118
SHAREHOLDERS' FUNDS 44,362 68,119

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 by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





D H King - Director


AGE UK RICHMOND SERVICES LIMITED (REGISTERED NUMBER: 08809742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Age UK Richmond Services 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.

Going Concern
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

Related party exemption
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.

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

Revenue grants are recognised using the accrual model and are therefore recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Revenue grants are measured at fair value, being the amount of cash receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Cash at bank is measured at transaction price.

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other
administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.


AGE UK RICHMOND SERVICES LIMITED (REGISTERED NUMBER: 08809742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

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.

Covenanted charitable donation
The covenanted charitable donation represents the amounts paid out of retained earnings to the parent charity during the period. In accordance with paragraph 22.17 of FRS 102, the gift aid payment is recognised as a distribution to owners in equity and not as an expense in the income statement.

Leasing commitments
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the income statement on a straight-line basis over the lifetime of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 19,203
At 31 March 2024 19,203
DEPRECIATION
Charge for year 3,890
At 31 March 2024 3,890
NET BOOK VALUE
At 31 March 2024 15,313

AGE UK RICHMOND SERVICES LIMITED (REGISTERED NUMBER: 08809742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 375,476 -
Amounts owed by group undertakings 58,416 -
Other debtors 147,840 142,309
581,732 142,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 166,654 162,956
Amounts owed to group undertakings 94,681 120,079
Taxation and social security 61,251 -
Other creditors 403,085 27,253
725,671 310,288

7. LEASING AGREEMENTS

Minimum lease payments under operating leases fall due as follows:

31.3.24 31.3.23
£    £   
Within one year 64,060 64,060
Between one and five years 37,368 101,428
101,428 165,488

The company has other financial commitments as follows:

31.3.24 31.3.23
£    £   
Within one year 23,975 23,975
Between one and five years 13,985 37,960
37,960 61,935
Obligations under both the lease payments and other financial commitments commenced on 1 November 2019 and expire on 31 October 2025, although there are break clauses linked to the Community Independent Living Contract (CiLS) contract with the council.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew FCA (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

9. RELATED PARTY DISCLOSURES

The parent and ultimate controlling party is Age UK Richmond upon Thames. Age UK Richmond upon Thames prepare consolidated financial statements and its registered office is The White House Community Centre, 45 The Avenue, Hampton, TW12 3RN.