Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity2222truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05829002 2023-06-01 2024-05-31 05829002 2022-06-01 2023-05-31 05829002 2024-05-31 05829002 2023-05-31 05829002 c:Director1 2023-06-01 2024-05-31 05829002 d:Buildings 2023-06-01 2024-05-31 05829002 d:Buildings 2024-05-31 05829002 d:Buildings 2023-05-31 05829002 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05829002 d:Buildings d:ShortLeaseholdAssets 2023-06-01 2024-05-31 05829002 d:Buildings d:ShortLeaseholdAssets 2024-05-31 05829002 d:Buildings d:ShortLeaseholdAssets 2023-05-31 05829002 d:OfficeEquipment 2023-06-01 2024-05-31 05829002 d:OfficeEquipment 2024-05-31 05829002 d:OfficeEquipment 2023-05-31 05829002 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05829002 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05829002 d:CurrentFinancialInstruments 2024-05-31 05829002 d:CurrentFinancialInstruments 2023-05-31 05829002 d:Non-currentFinancialInstruments 2024-05-31 05829002 d:Non-currentFinancialInstruments 2023-05-31 05829002 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 05829002 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05829002 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 05829002 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 05829002 d:ShareCapital 2024-05-31 05829002 d:ShareCapital 2023-05-31 05829002 d:RetainedEarningsAccumulatedLosses 2024-05-31 05829002 d:RetainedEarningsAccumulatedLosses 2023-05-31 05829002 c:OrdinaryShareClass1 2023-06-01 2024-05-31 05829002 c:OrdinaryShareClass1 2024-05-31 05829002 c:OrdinaryShareClass1 2023-05-31 05829002 c:FRS102 2023-06-01 2024-05-31 05829002 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05829002 c:FullAccounts 2023-06-01 2024-05-31 05829002 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05829002 2 2023-06-01 2024-05-31 05829002 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05829002









SELECT CARE SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
SELECT CARE SOLUTIONS LIMITED
REGISTERED NUMBER: 05829002

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,408,332
949,523

  
1,408,332
949,523

Current assets
  

Debtors: amounts falling due within one year
 5 
784,069
721,434

Cash at bank and in hand
  
470,617
698,541

  
1,254,686
1,419,975

Creditors: amounts falling due within one year
 6 
(1,011,753)
(846,574)

Net current assets
  
 
 
242,933
 
 
573,401

Total assets less current liabilities
  
1,651,265
1,522,924

Creditors: amounts falling due after more than one year
 7 
(219,193)
(163,450)

  

Net assets
  
1,432,072
1,359,474


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
1,431,972
1,359,374

  
1,432,072
1,359,474


Page 1

 
SELECT CARE SOLUTIONS LIMITED
REGISTERED NUMBER: 05829002
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 February 2025.




Santokh Singh
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SELECT CARE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 05829002.  The Company's registered office is 20-22 Wenlock Road, London, England, N1 7GU.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
SELECT CARE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SELECT CARE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 22).

Page 5

 
SELECT CARE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property
Short-term leasehold property
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
800,491
117,419
334,633
1,252,543


Additions
410,920
50,000
32,395
493,315



At 31 May 2024

1,211,411
167,419
367,028
1,745,858



Depreciation


At 1 June 2023
-
11,742
291,278
303,020


Charge for the year on owned assets
-
15,568
18,938
34,506



At 31 May 2024

-
27,310
310,216
337,526



Net book value



At 31 May 2024
1,211,411
140,109
56,812
1,408,332



At 31 May 2023
800,491
105,677
43,355
949,523


5.


Debtors

2024
2023
£
£


Trade debtors
718,382
655,747

Other debtors
65,687
65,687

784,069
721,434


Page 6

 
SELECT CARE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
229,844
146,641

Corporation tax
74,762
91,291

Other taxation and social security
12,424
11,475

Obligations under finance lease and hire purchase contracts
6,047
-

Other creditors
680,060
589,439

Accruals and deferred income
8,616
7,728

1,011,753
846,574


The following liabilities were secured:

2024
2023
£
£



Bank loan
229,844
146,641

229,844
146,641

Details of security provided:

Security for bank loan has been given by way of a personal guarentee by the directors and shareholders of the company.

Page 7

 
SELECT CARE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
215,509
163,450

Net obligations under finance leases and hire purchase contracts
3,684
-

219,193
163,450


The following liabilities were secured:

2024
2023
£
£



Bank loan
215,509
163,450

215,509
163,450

Details of security provided:

Security for bank loan has been given by way of a personal guarentee by the directors and shareholders of the company.

Page 8

 
SELECT CARE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. Contributions totalling £2,314 (2023 - £4,353) were payable to the fund at the balance sheet date.


10.


Transactions with directors

As at the balance sheet date £636,570 (2023: £532,774) was due to the directors. The loan is interest free and repayable on demand. 


11.


Related party transactions

The company has carried out under arms length commercial trading terms with the directors, who own properties personally which the company rents out to service users.

 
Page 9