Registered number
11993176
Youth Support Care Limited
Report and Accounts
31 May 2024
Youth Support Care Limited
Registered number: 11993176
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 the provison of care home services.
Directors
The following persons served as directors during the year:
Mr Sami-ul-Naeem
Wajahat-Ul-Hasnain NAEEM (appointed 15.2.2024)
R T Naeem (resigned 15.2.2024)
Directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts 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 these accounts, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts 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 accounts 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.
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 27 February 2025 and signed on its behalf.
Mr Sami-ul-Naeem
Director
Youth Support Care Limited
Profit and Loss Account
for the year ended 31 May 2024
2024 2023
£ £
Turnover 741,369 405,118
Cost of sales (345,920) (128,911)
Gross profit 395,449 276,207
Administrative expenses (249,496) (56,862)
Operating profit 145,953 219,345
Interest receivable 4,952 1,187
Interest payable (2,528) -
Profit before taxation 148,377 220,532
Tax on profit (36,263) (34,911)
Profit for the financial year 112,114 185,621
Youth Support Care Limited
Registered number: 11993176
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 436 801
Current assets
Debtors 4 503,299 393,450
Cash at bank and in hand 86,750 4,731
590,049 398,181
Creditors: amounts falling due within one year 5 (395,731) (279,849)
Net current assets 194,318 118,332
Total assets less current liabilities 194,754 119,133
Creditors: amounts falling due after more than one year 6 (41,232) (45,725)
Net assets 153,522 73,408
Capital and reserves
Called up share capital 100 100
Profit and loss account 153,422 73,308
Shareholders' funds 153,522 73,408
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 members have 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.
Mr Sami-ul-Naeem
Director
Approved by the board on 27 February 2025
Youth Support Care 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 1,458
At 31 May 2024 1,458
Depreciation
At 1 June 2023 657
Charge for the year 365
At 31 May 2024 1,022
Net book value
At 31 May 2024 436
At 31 May 2023 801
4 Debtors 2024 2023
£ £
Trade debtors 24,994 61,295
Other debtors 339,043 57,092
Prepayements and Accrued Income 139,262 275,063
503,299 393,450
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,600 2,500
Trade creditors 920 -
Taxation and social security costs 206,364 100,609
Other creditors 41,847 62,904
Accruals and Deferred Income 140,000 113,836
395,731 279,849
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 41,232 45,725
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R T Naeem
[Loan 1] - 2.25% interest charged 56,992 - - 56,992
[Loan 2] - 2.25% Interest Charged - 241,245 - 241,245
56,992 241,245 - 298,237
8 Other information
Youth Support Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
299 Dagnam Park Drive
Romford
England
RM3 9ED
Youth Support Care Limited 11993176 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 11993176 2022-06-01 2023-05-31 11993176 core:WithinOneYear 2023-05-31 11993176 core:AfterOneYear 2023-05-31 11993176 core:ShareCapital 2023-05-31 11993176 core:RetainedEarningsAccumulatedLosses 2023-05-31 11993176 2023-06-01 2024-05-31 11993176 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11993176 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11993176 bus:Director1 2023-06-01 2024-05-31 11993176 bus:Director2 2023-06-01 2024-05-31 11993176 bus:Director3 2023-06-01 2024-05-31 11993176 1 2023-06-01 2024-05-31 11993176 2 2023-06-01 2024-05-31 11993176 core:PlantMachinery 2023-06-01 2024-05-31 11993176 bus:Director1 1 2023-06-01 2024-05-31 11993176 bus:Director1 2 2023-06-01 2024-05-31 11993176 countries:England 2023-06-01 2024-05-31 11993176 bus:FRS102 2023-06-01 2024-05-31 11993176 bus:FullAccounts 2023-06-01 2024-05-31 11993176 2024-05-31 11993176 core:WithinOneYear 2024-05-31 11993176 core:AfterOneYear 2024-05-31 11993176 core:ShareCapital 2024-05-31 11993176 core:RetainedEarningsAccumulatedLosses 2024-05-31 11993176 core:PlantMachinery 2024-05-31 11993176 bus:Director1 1 2024-05-31 11993176 bus:Director1 2 2024-05-31 11993176 2023-05-31 11993176 core:PlantMachinery 2023-05-31 11993176 bus:Director1 1 2023-05-31 11993176 bus:Director1 2 2023-05-31 iso4217:GBP xbrli:pure