Registered number
05812958
Respect Care Services Limited
Report and Accounts
31 May 2024
Respect Care Services Limited
Registered number: 05812958
Directors' Report
The directors present their report and accounts for the year ended 31 May 2024.
Principal activities
The company's principal activity during the year continued to be that of providing social care to individuals.
Directors
The following persons served as directors during the year:
N Kelly
J M Kelly
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 11 February 2025 and signed on its behalf.
N Kelly
Director
Respect Care Services Limited
Profit and Loss Account
for the year ended 31 May 2024
2024 2023
£ £
Turnover 6,527,392 6,052,493
Cost of sales (4,606,893) (4,208,791)
Gross profit 1,920,499 1,843,702
Administrative expenses (1,357,221) (1,341,122)
Other operating income - 12,508
Operating profit 563,278 515,088
Interest receivable 399 -
Interest payable (28,490) -
Profit before taxation 535,187 515,088
Tax on profit (136,183) (114,153)
Profit for the financial year 399,004 400,935
Respect Care Services Limited
Registered number: 05812958
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 690,145 17,408
Current assets
Debtors 4 1,142,088 1,181,594
Cash at bank and in hand 808,104 1,272,273
1,950,192 2,453,867
Creditors: amounts falling due within one year 5 (460,295) (623,325)
Net current assets 1,489,897 1,830,542
Net assets 2,180,042 1,847,950
Capital and reserves
Called up share capital 35 35
Share premium 36 36
Profit and loss account 2,179,971 1,847,879
Shareholder's funds 2,180,042 1,847,950
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Kelly
Director
Approved by the board on 11 February 2025
Respect Care Services Limited
Statement of Changes in Equity
for the year ended 31 May 2024
Share Share Profit Total
capital premium and loss
account
£ £ £ £
At 1 June 2022 35 36 1,565,326 1,565,397
Profit for the financial year 400,935 400,935
Dividends (118,382) (118,382)
At 31 May 2023 35 36 1,847,879 1,847,950
At 1 June 2023 35 36 1,847,879 1,847,950
Profit for the financial year 399,004 399,004
Dividends (66,912) (66,912)
At 31 May 2024 35 36 2,179,971 2,180,042
Respect Care Services Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 181 172
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 - 58,830 58,830
Additions 682,280 2,049 684,329
At 31 May 2024 682,280 60,879 743,159
Depreciation
At 1 June 2023 - 41,422 41,422
Charge for the year 5,686 5,906 11,592
At 31 May 2024 5,686 47,328 53,014
Net book value
At 31 May 2024 676,594 13,551 690,145
At 31 May 2023 - 17,408 17,408
4 Debtors 2024 2023
£ £
Trade debtors 228,261 313,890
Other debtors 913,827 867,704
1,142,088 1,181,594
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 55,398 37,727
Taxation and social security costs 267,355 206,339
Other creditors 137,542 379,259
460,295 623,325
6 Other information
Respect Care Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Opal Mews
London
NW6 7JU
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