90 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07141940 2023-04-01 2024-03-31 07141940 2024-03-31 07141940 2023-03-31 07141940 2022-04-01 2023-03-31 07141940 2023-03-31 07141940 2022-03-31 07141940 core:NetGoodwill 2023-04-01 2024-03-31 07141940 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 07141940 core:PlantMachinery 2023-04-01 2024-03-31 07141940 core:MotorVehicles 2023-04-01 2024-03-31 07141940 bus:Director1 2023-04-01 2024-03-31 07141940 core:NetGoodwill 2023-03-31 07141940 core:NetGoodwill 2024-03-31 07141940 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 07141940 core:PlantMachinery 2023-03-31 07141940 core:MotorVehicles 2023-03-31 07141940 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 07141940 core:PlantMachinery 2024-03-31 07141940 core:WithinOneYear 2024-03-31 07141940 core:WithinOneYear 2023-03-31 07141940 core:AfterOneYear 2024-03-31 07141940 core:ShareCapital 2024-03-31 07141940 core:ShareCapital 2023-03-31 07141940 core:RetainedEarningsAccumulatedLosses 2024-03-31 07141940 core:RetainedEarningsAccumulatedLosses 2023-03-31 07141940 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 07141940 core:PlantMachinery 2023-03-31 07141940 core:MotorVehicles 2023-03-31 07141940 bus:SmallEntities 2023-04-01 2024-03-31 07141940 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07141940 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07141940 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07141940 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 07141940
Radcliffe Care Services Limited
Filleted Unaudited Financial Statements
31 March 2024
Radcliffe Care Services Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
12,710
20,500
Tangible assets
6
21,082
22,827
--------
--------
33,792
43,327
Current assets
Debtors
7
819,438
539,130
Cash at bank and in hand
10,660
45,790
---------
---------
830,098
584,920
Creditors: amounts falling due within one year
8
255,748
218,024
---------
---------
Net current assets
574,350
366,896
---------
---------
Total assets less current liabilities
608,142
410,223
Creditors: amounts falling due after more than one year
9
66,812
Provisions
3,687
3,949
---------
---------
Net assets
537,643
406,274
---------
---------
Capital and reserves
Called up share capital
3
3
Profit and loss account
537,640
406,271
---------
---------
Shareholders funds
537,643
406,274
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Radcliffe Care Services Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 November 2024 , and are signed on behalf of the board by:
Mr D Ahmad
Director
Company registration number: 07141940
Radcliffe Care Services Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Lookout, 4 Bull Close Road, Nottingham, NG7 2UL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are the fees for the purchase of the franchise initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation relating to the period of the franchise and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
Franchise fee
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
20% straight line
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 90 (2023: 90 ).
5. Intangible assets
Goodwill
Franchise fee
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
31,335
24,600
55,935
--------
--------
--------
Amortisation
At 1 April 2023
31,335
4,100
35,435
Charge for the year
7,790
7,790
--------
--------
--------
At 31 March 2024
31,335
11,890
43,225
--------
--------
--------
Carrying amount
At 31 March 2024
12,710
12,710
--------
--------
--------
At 31 March 2023
20,500
20,500
--------
--------
--------
6. Tangible assets
Long leasehold property
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
879
49,928
10,000
60,807
Additions
2,268
2,268
Disposals
( 10,000)
( 10,000)
----
--------
--------
--------
At 31 March 2024
879
52,196
53,075
----
--------
--------
--------
Depreciation
At 1 April 2023
703
28,612
8,665
37,980
Charge for the year
176
2,502
334
3,012
Disposals
( 8,999)
( 8,999)
----
--------
--------
--------
At 31 March 2024
879
31,114
31,993
----
--------
--------
--------
Carrying amount
At 31 March 2024
21,082
21,082
----
--------
--------
--------
At 31 March 2023
176
21,316
1,335
22,827
----
--------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
204,466
148,930
Amounts owed by group undertakings and undertakings in which the company has a participating interest
597,767
364,015
Other debtors
17,205
26,185
---------
---------
819,438
539,130
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
13,363
Trade creditors
30,065
30,719
Corporation tax
44,161
42,851
Social security and other taxes
38,442
29,085
Other creditors
129,717
115,369
---------
---------
255,748
218,024
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
66,812
--------
----
10. Related party transactions
The immediate and ultimate parent company is Midlands Homecare Limited. It's registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.