Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07203425 Mrs Clare Jefferies Mr Michael Jefferies Jefferies Group Limited Apsley House, Apsley Road, New Malden, KT3 3NJ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07203425 2023-03-31 07203425 2024-03-31 07203425 2023-04-01 2024-03-31 07203425 frs-core:CurrentFinancialInstruments 2024-03-31 07203425 frs-core:Non-currentFinancialInstruments 2024-03-31 07203425 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 07203425 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07203425 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07203425 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 07203425 frs-core:OtherResidualIntangibleAssets 2024-03-31 07203425 frs-core:OtherResidualIntangibleAssets 2023-03-31 07203425 frs-core:PlantMachinery 2024-03-31 07203425 frs-core:PlantMachinery 2023-04-01 2024-03-31 07203425 frs-core:PlantMachinery 2023-03-31 07203425 frs-core:ShareCapital 2024-03-31 07203425 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07203425 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07203425 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07203425 frs-bus:SmallEntities 2023-04-01 2024-03-31 07203425 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07203425 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07203425 1 2023-04-01 2024-03-31 07203425 frs-bus:Director1 2023-04-01 2024-03-31 07203425 frs-bus:Director2 2023-04-01 2024-03-31 07203425 frs-countries:EnglandWales 2023-04-01 2024-03-31 07203425 2022-03-31 07203425 2023-03-31 07203425 2022-04-01 2023-03-31 07203425 frs-core:CurrentFinancialInstruments 2023-03-31 07203425 frs-core:Non-currentFinancialInstruments 2023-03-31 07203425 frs-core:ShareCapital 2023-03-31 07203425 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07203425
Jefferies Care Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Aylmer-Kelly Partnership LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07203425
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 17,852 20,883
17,852 20,883
CURRENT ASSETS
Debtors 6 608,292 424,950
Cash at bank and in hand 253,986 123,299
862,278 548,249
Creditors: Amounts Falling Due Within One Year 7 (402,476 ) (461,424 )
NET CURRENT ASSETS (LIABILITIES) 459,802 86,825
TOTAL ASSETS LESS CURRENT LIABILITIES 477,654 107,708
Creditors: Amounts Falling Due After More Than One Year 8 (13,168 ) (20,210 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,377 ) (2,190 )
NET ASSETS 462,109 85,308
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 462,107 85,306
SHAREHOLDERS' FUNDS 462,109 85,308
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Jefferies
Director
13/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Jefferies Care Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07203425 . The registered office is 1st Floor, Apsley House, Apsley Road, New Malden, Surrey, KT3 3NJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the franchise licence which is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20 years Straight Line
Plant & Machinery 25% Reducing Balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 183 (2023: 173)
183 173
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 34,956
As at 31 March 2024 34,956
Amortisation
As at 1 April 2023 34,956
As at 31 March 2024 34,956
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 14,800 56,260 71,060
Additions - 4,562 4,562
As at 31 March 2024 14,800 60,822 75,622
Depreciation
As at 1 April 2023 5,446 44,731 50,177
Provided during the period 1,011 6,582 7,593
As at 31 March 2024 6,457 51,313 57,770
Net Book Value
As at 31 March 2024 8,343 9,509 17,852
As at 1 April 2023 9,354 11,529 20,883
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 315,523 295,695
Prepayments and accrued income 21,096 8,504
Amounts owed by group undertakings 271,673 120,751
608,292 424,950
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,579 30,626
Bank loans and overdrafts 10,108 89,712
Corporation tax 104,605 54,888
Other taxes and social security 63,514 66,404
Net wages 152,681 152,168
Other creditors 11,046 11,884
Accruals and deferred income 16,761 47,671
Amounts owed to group undertakings 1,182 8,071
402,476 461,424
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,168 20,210
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Ultimate Parent Undertaking and Controlling Party
On 15th September 2021 the entire share capital of Jefferies Care Services Limited was transferred by way of a share for share exchange to Jefferies Group Limited. Jefferies Group Limited was incorporated in England and Wales and copies of the group accounts may be obtained from the secretary, Apsley House, Apsley Road, New Malden, KT3 3NJ . The ultimate controlling party is Jefferies Group Limited who controls 100% of the shares of Jefferies Care Services Limited.
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