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REGISTERED NUMBER: NI627337 (Northern Ireland)












Admiral Care Services (NI) Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Admiral Care Services (NI) Limited (Registered number: NI627337)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Balance sheet 1

Notes to the financial statements 2


Admiral Care Services (NI) Limited (Registered number: NI627337)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 50,115 62,872
50,115 62,872

Current assets
Debtors 6 363,082 448,261
Cash at bank 351,183 191,009
714,265 639,270
Creditors
Amounts falling due within one year 7 (138,274 ) (162,570 )
Net current assets 575,991 476,700
Total assets less current liabilities 626,106 539,572

Capital and reserves
Called up share capital 8 2 2
Retained earnings 626,104 539,570
Shareholders' funds 626,106 539,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 20 January 2025 and were signed on its behalf by:




Mr R Sargent - Director


Admiral Care Services (NI) Limited (Registered number: NI627337)

Notes to the Financial Statements
for the year ended 30 April 2024

1. Statutory information

Admiral Care Services (NI) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address are as below:

Registered number: NI627337

Registered office: 4 Joymount
Carrickfergus
Co. Antrim
BT38 7DN

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% Straight line

Admiral Care Services (NI) Limited (Registered number: NI627337)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS102 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 legal 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, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 and subsequently measured at amortised cost using the effective interest method.

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.


Admiral Care Services (NI) Limited (Registered number: NI627337)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3. Employees and directors

The average number of employees during the year was 29 (2023 - 43 ) .

Admiral Care Services (NI) Limited (Registered number: NI627337)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 500,000
Amortisation
At 1 May 2023
and 30 April 2024 500,000
Net book value
At 30 April 2024 -
At 30 April 2023 -

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023 75,514 89,834 - 165,348
Additions - - 3,671 3,671
At 30 April 2024 75,514 89,834 3,671 169,019
Depreciation
At 1 May 2023 49,160 53,316 - 102,476
Charge for year 6,589 9,132 707 16,428
At 30 April 2024 55,749 62,448 707 118,904
Net book value
At 30 April 2024 19,765 27,386 2,964 50,115
At 30 April 2023 26,354 36,518 - 62,872

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 191,267 169,337
Directors' current accounts 103,592 225,992
Prepayments and accrued income 67,398 50,234
Prepayments 825 2,698
363,082 448,261

Admiral Care Services (NI) Limited (Registered number: NI627337)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors (4,800 ) (5,400 )
Corporation tax 98,370 119,149
Social security and other taxes 16,250 15,170
Employee pensions payable 684 2,287
CSA payable - 262
Accrued expenses 27,770 31,102
138,274 162,570

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Oridinary £1 2 2

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Ms D Smyth and Mr R Sargent
Balance outstanding at start of year 225,992 206,780
Amounts advanced 84,277 259,212
Amounts repaid (206,677 ) (240,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,592 225,992