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Registered number: 01718460
Consultus Care and Nursing Ltd
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 30 April 2024
Kalculus
Chartered Accountants, Registered Auditors & Business Advisors
Contents
Page
Strategic Report 1—3
Directors' Report 4—5
Independent Auditor's Report 6—9
Profit and Loss Account 10
Balance Sheet 11—12
Statement of Changes in Equity 13
Notes to the Financial Statements 14—22
Page 1
Strategic Report
The directors present their strategic report for the year ended 30 April 2024.
Principal Activity
The principal activities of the Company continued to be that of longstanding family proprietors operating a care agency providing three distinctive care services for families in their own homes :
1. The provision of introduced, self-employed trained carers subject to the availability of local family, or family organised local oversight of the care delivered. 
2. The provision of managed care services
3. The provision of managed nursing services
Review of the Business
For over 60 years, Consultus Care and Nursing has been a trusted nationwide provider of exceptional live-in care and live-in nursing services. Our established reputation for delivering high-quality home care, has been built on enabling our clients to live safely and independently in the comfort and the familiarity of their own homes. 
With our diverse range of live-in care services, we ensure that older people can remain in their own homes throughout their later years, eliminating the need to ever move into a care or nursing home. 
From companionship, to supporting complex medical conditions, like dementia and Parkinson’s through to nursing and end-of-life care, we support individuals throughout their journey as needs change and evolve. Everything we do is driven by our passion to provide a quality service that makes a true difference to our clients’ lives, whilst enhancing independence and enriching well-being.
Our reputation is built on trust and excellence since our foundation in 1962. Family recommendations have driven our growth, with minimal reliance on marketing. In 2024 89% of new clients have come from recommendations – a testament to the quality of care we deliver across all our services. Likewise, of all the carers who joined our team in 2024 55% were referred to us by other carers.
Consultus Care & Nursing review rated by www.homecare.co.uk 9.8 out of ten.
Principal Risks and Uncertainties
By providing the skills required in an increasing competitive market, our inhouse Skills for Care award-winning ‘Centre Of Excellence’ training centre attracts suitable candidates with the right mix of capability and empathy, and equips them to provide personalised care tailored to the individual needs of our clients – and keeps these carers updated on the latest courses as they become available up to Diploma level, as well as a range of additional specialist qualifications.
Consultus offers, uniquely three 24/7 live-in services: from our introductory live-in care service ideal for families who wish to remain and can remain closely involved in their families’ care – to our fully managed CQC regulated live-in care service, to specialist nursing care at home, we offer highly tailored services to meet individuals’ unique needs. This provides much-needed choice and flexibility.
Every carer, whether working independently for our introductory service or whilst they are in placement delivering managed care, must complete our market leading induction training programme, endorsed by Skills for Care as a ‘Centre of Excellence’. On-going training and professional development are required for all carers working for us, or through us, including specialist training in conditions like dementia and Parkinson’s. Unlike other agencies, new carers working for our introductory service must complete 12-weeks of placement with our managed service. This enables them to be effectively on-boarded by one of a Regional Care Consultants who monitor and manage the care they provide, helping to support and embed new learnings. We are then confident they have the skills and aptitude to deliver high-quality care before they work in an introductory placement.
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Page 1
Page 2
Principal Risks and Uncertainties - continued
Consultus continues to invest in recruitment in the UK and overseas, to attract and train suitable candidates. There has been an ongoing shortage of skilled carers and meeting the increasing demand for our services has sometimes been challenging, we continue to review our marketing strategy to attract and retain suitable empathetic professional carers and nurses.
We are also investing heavily in technology and resources, with careful planning and with new ways of working and connecting with people with our in-house bespoke family ‘Connect App’ providing real time information of and about the care delivered.
Development and performance
2024 has seen us review our strategic goals with a focus on further strengthening the quality of care we provide. Whilst we strongly believe families should be provided with choice over how their care arrangement is managed, we have aligned our business to focus three unique services to effectively meet client needs.  This has seen the streamlining of our processes, integration of teams across the business, new investment in key roles in quality, sales, and marketing and expanding our senior management leadership team.
We are immensely proud of our commitment to investing in our own tailored inhouse systems and apps, to continually improve the care our clients receive, without being held back by third party product limitations. Our ‘Connect’ App first launched in 2020 has revolutionised how we deliver and monitor care. By continually evolving this platform, we ensure it remains a robust, user-friendly tool that enhances transparency and quality of care. Families can feel connected and informed as to their loved one’s care, while carers are empowered with the tools to excel in their roles.
To reduce the administration burden associated with carer applications, we have streamlined the Consultus recruitment application process, whilst improving the online experience, through significant enhancements to our ‘Connect App’.  At the point of application, we request all right-to-work checks are uploaded to the portal, which facilitates a seamless application journey, significantly reducing ineligible applications.
In 2024, we introduced dedicated training modules focused on the Connect App into our induction training programme. This ensures carers are supported from day one, building confidence and capability in using this essential technology.
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Key performance indicators
· Steady growth of the introductory service
· Significant growth of the managed care service
· Providing continued high calibre, trained carers
· Providing high calibre nurses
· Sustaining Consultus values including: empathy, integrity, compassion, professionalism, experience and continue provision of a range of services tailored to suit clients' specific needs.
The main KPI used by the company are as follows:
- Gross Profit percentage 57% (YR 2023: 61%)
- Net Profit percentage (before tax) 24% (YR 2023: 25%)
- Increase in Turnover 8% (YR 2023: 13%)
- Current Ratio 7.57 (YR 2023: 5.19)
These are all considered to be satisfactory by the directors.
On behalf of the board
Mr P Seldon
Director
3 December 2024
Page 3
Page 4
Directors' Report
The directors present their report and the financial statements for the year ended 30 April 2024.
Dividends
The value of dividends paid amounted to £600,000 .
Directors
The directors who held office during the year were as follows:
Mr P Seldon
Ms D Kettle
Miss C Santucci
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved: 
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
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Independent Auditors
The auditors, Kalculus, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mr P Seldon
Director
3 December 2024
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Independent Auditor's Report
Opinion
We have audited the financial statements of Consultus Care and Nursing Ltd for the year ended 30 April 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 30 April 2024 and of its profit/(loss) for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 4—5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
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Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
  • Enquire of management about the company’s policies, procedures and related controls regarding compliance with laws and regulations and if there are any known instances of non-compliances;
  • Examining supporting documents for all material balances, transactions and disclosures;
  • Review of the Board of directors minutes
  • Evaluation of the section and application of accounting policies related to subjective measurements and complex transactions.
  • Analytical procedures to identify any unusual or expected relationships
  • Testing the appropriateness of journal entries recorded in the general ledger and other adjustments made in the preparation of the financial statement;
  • Evaluation of the overall presentation, structure and content of the financial statements including accounting estimates and disclosures and whether the financial statements represent the underlying transactions and events in a manner thar achieves fair presentation.
Owing to the inherent limitations of an audit, there is unavoidable risk that some material misstatement of the financial statements may not be detected, even though the audit is properly planning and performed in accordance with the ISA (UK). 
The potential effect of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated an carefully organised schemes designed to conceal it, including g deliberate failure to report transactions, collusion or intentional  misrepresentations being made to us. 
We design our procedures so as to obtain sufficient appropriate audit evidence that the financial statements are not materially misstated due to non-compliance with laws and regulations or due to fraud or error. 
We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations – this responsibility lies with the management with the oversight to the directors. 
Based on our understanding of the company and industry and discussions with management, we identified financial reporting standards and Companies Act 2006 as having a direct effect on the amounts and disclosures in the financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Philip Horesh (Senior Statutory Auditor)
for and on behalf of Kalculus , Statutory Auditor
3 December 2024
Kalculus
Chartered Accountants & Registered Auditors
119 Marylebone Road
London
NW1 5PU
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Page 10
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 3 10,266,038 9,516,103
Cost of sales (4,442,672 ) (3,725,686 )
GROSS PROFIT 5,823,366 5,790,417
Administrative expenses (3,695,168 ) (3,541,048 )
Other operating income 109,147 97,135
OPERATING PROFIT 5 2,237,345 2,346,504
Fair value gains on investments 23,574 3,320
Other interest receivable and similar income 10 161,806 23,444
Interest payable and similar charges 11 (4,260 ) -
PROFIT BEFORE TAXATION 2,418,465 2,373,268
Tax on Profit 12 (590,082 ) (452,774 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 1,828,383 1,920,494
The notes on pages 14 to 22 form part of these financial statements.
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Balance Sheet
Registered number: 01718460
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 13 3,994,545 4,002,606
Investments 14 247,729 224,155
4,242,274 4,226,761
CURRENT ASSETS
Debtors 15 371,024 571,745
Cash at bank and in hand 5,480,734 4,207,596
5,851,758 4,779,341
Creditors: Amounts Falling Due Within One Year 16 (775,843 ) (920,775 )
NET CURRENT ASSETS (LIABILITIES) 5,075,915 3,858,566
TOTAL ASSETS LESS CURRENT LIABILITIES 9,318,189 8,085,327
PROVISIONS FOR LIABILITIES
Deferred Taxation 17 (30,943 ) (26,464 )
NET ASSETS 9,287,246 8,058,863
CAPITAL AND RESERVES
Called up share capital 18 247,152 247,152
Capital redemption reserve 10,300 10,300
Fair value reserve 12,683 12,683
Profit and Loss Account 9,017,111 7,788,728
SHAREHOLDERS' FUNDS 9,287,246 8,058,863
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On behalf of the board
Mr P Seldon
Director
3 December 2024
The notes on pages 14 to 22 form part of these financial statements.
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Statement of Changes in Equity
Share Capital Capital Redemption Fair value reserve Profit and Loss Account Total
£ £ £ £ £
As at 1 May 2022 247,152 10,300 12,683 6,468,234 6,738,369
Profit for the year and total comprehensive income - - - 1,920,494 1,920,494
Dividends paid - - - (600,000) (600,000)
As at 30 April 2023 and 1 May 2023 247,152 10,300 12,683 7,788,728 8,058,863
Profit for the year and total comprehensive income - - - 1,828,383 1,828,383
Dividends paid - - - (600,000) (600,000)
As at 30 April 2024 247,152 10,300 12,683 9,017,111 9,287,246
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Notes to the Financial Statements
1. General Information
Consultus Care and Nursing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01718460 . The registered office is 17 London Road, Tonbridge, Kent, TN10 3AB. The presentation currency of the financial statements is the Pound Sterling (£).
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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.
There were no judgements and estimations used in the financial statements apart from the depreciation charges and fair value adjustment of investments. 
2.4. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.5. 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:
Freehold Nil
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25 & 33.3% Reducing Balance
2.6. Investments
Interests in entities are in listed investments measured at fair value. The investments are measured at fair value and any movement in fair value are recognised immediately in profit or loss.
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2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.8. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.
Other financial liabilities
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2.8. Financial Instruments - continued
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
2.9. 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 years 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 assets reflect 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.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Turnover
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4. Other Operating Income
2024 2023
£ £
Commission income 109,147 97,135
109,147 97,135
5. Operating Profit
The operating profit is stated after charging:
2024 2023
£ £
Bad debts - (1,494)
Depreciation of tangible fixed assets 126,539 127,411
6. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
2024 2023
£ £
Audit Services
Audit of the company's financial statements 12,000 12,000
7. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2024 2023
£ £
Wages and salaries 6,509,132 5,726,733
Social security costs 354,347 309,175
Other pension costs 65,139 60,859
6,928,618 6,096,767
8. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 74 71
74 71
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9. Directors' remuneration
2024 2023
£ £
Emoluments 249,549 233,699
Company contributions to money purchase pension schemes 5,610 6,000
255,159 239,699
The number of directors to whom retirement benefits were accruing was as follows:
2024 2023
Money purchase pension schemes 1 1
Information regarding the highest paid director was as follows:
2024 2023
£ £
Emoluments 111,350 113,477
Company contributions to money purchase pension schemes 5,610 6,000
116,960 119,477
10. Interest Receivable and Similar Income
2024 2023
£ £
Bank interest receivable 158,876 18,151
Investment income 2,930 5,293
161,806 23,444
11. Interest Payable and Similar Charges
2024 2023
£ £
Late payment tax charges 4,260 -
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12. Tax on Profit
The tax charge on the profit for the year was as follows:
Tax Rate 2024 2023
2024 2023 £ £
Current tax
UK Corporation Tax 25.0% 19.5% 585,603 452,143
Deferred Tax
Deferred taxation 4,479 631
Total tax charge for the period 590,082 452,774
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
2024 2023
£ £
Profit before tax 2,418,465 2,373,268
Tax on profit at 25% (UK standard rate) 604,616 465,396
Goodwill/depreciation not allowed for tax 31,635 24,845
Expenses not deductible for tax purposes - 535
Capital allowances (44,754 ) (34,682 )
Short term timing differences (5,894 ) (3,320 )
Deferred tax from unrecognised timing difference from a prior period 4,479 -
Total tax charge for the period 590,082 452,774
13. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 3,730,103 10,800 1,535,847 5,276,750
Additions - - 118,478 118,478
As at 30 April 2024 3,730,103 10,800 1,654,325 5,395,228
Depreciation
As at 1 May 2023 24,195 6,750 1,243,199 1,274,144
Provided during the period - 1,013 125,526 126,539
As at 30 April 2024 24,195 7,763 1,368,725 1,400,683
...CONTINUED
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Net Book Value
As at 30 April 2024 3,705,908 3,037 285,600 3,994,545
As at 1 May 2023 3,705,908 4,050 292,648 4,002,606
14. Investments
Listed
£
Cost
As at 1 May 2023 224,155
Fair value adjustments 23,574
As at 30 April 2024 247,729
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 247,729
As at 1 May 2023 224,155
15. Debtors
2024 2023
£ £
Due within one year
Trade debtors 253,251 428,495
Prepayments and accrued income 116,150 96,517
Other debtors 480 46,733
Directors' loan accounts 1,143 -
371,024 571,745
16. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 102,694 107,956
Corporation tax 251,006 282,143
Other taxes and social security 148,774 139,936
VAT 139,153 151,161
Other creditors 18,005 58,333
Accruals and deferred income 116,211 181,246
775,843 920,775
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17. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 30,943 26,464
18. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 247,152 247,152
19. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 10,480 20,961
Later than one year and not later than five years - 10,480
10,480 31,441
20. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to profit or loss in respect of defined contribution schemes was £65,139 (2023: £60,859).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
21. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 600,000 600,000
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22. Related Party Disclosures
Balances with related parties
The amount owed to P Seldon and C Santucci at the year end was £13,190 (2023: £57,333).
P Seldon and C SantucciDirectorsRent paid to directors during the year was £13,000 (2023: £13,000).

P Seldon and C Santucci

Directors

Rent paid to directors during the year was £13,000 (2023: £13,000).

P SeldonDirectorRent paid to director during the year was £30,000 (2023: £30,000).

P Seldon

Director

Rent paid to director during the year was £30,000 (2023: £30,000).

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