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REGISTERED NUMBER: 06262053 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Appropriate Adult Service Limited

The Appropriate Adult Service Limited (Registered number: 06262053)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Appropriate Adult Service Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs A M Hawkins
B E Hawkins





SECRETARY: B E Hawkins





REGISTERED OFFICE: Heritage House
1 Vicar Lane
Daventry
Northamptonshire
NN11 4GD





REGISTERED NUMBER: 06262053 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

The Appropriate Adult Service Limited (Registered number: 06262053)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 14,250 174,569
Tangible assets 5 7,949 4,853
22,199 179,422

CURRENT ASSETS
Debtors 6 1,128,330 997,587
Cash at bank and in hand 7 128,815 154,864
1,257,145 1,152,451
CREDITORS
Amounts falling due within one year 8 (767,727 ) (559,814 )
NET CURRENT ASSETS 489,418 592,637
TOTAL ASSETS LESS CURRENT LIABILITIES 511,617 772,059

PROVISIONS FOR LIABILITIES 10 (1,735 ) (39,838 )
NET ASSETS 509,882 732,221

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 509,782 732,121
509,882 732,221

The Appropriate Adult Service Limited (Registered number: 06262053)

Balance Sheet - continued
30 June 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 27 March 2025 and were signed on its behalf by:





Mrs A M Hawkins - Director


The Appropriate Adult Service Limited (Registered number: 06262053)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

The Appropriate Adult Service Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

Interest income

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

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years

The Appropriate Adult Service Limited (Registered number: 06262053)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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.

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:

Fixtures and fittings - 25% straight line
Computer equipment - 33% straight line

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.

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.

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.

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.

The Appropriate Adult Service Limited (Registered number: 06262053)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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.

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.

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.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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 AND DIRECTORS

The average number of employees during the year was 207 (2023 - 288 ) .

The Appropriate Adult Service Limited (Registered number: 06262053)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 95,000 155,569 250,569
AMORTISATION
At 1 July 2023 76,000 - 76,000
Amortisation for year 4,750 155,569 160,319
At 30 June 2024 80,750 155,569 236,319
NET BOOK VALUE
At 30 June 2024 14,250 - 14,250
At 30 June 2023 19,000 155,569 174,569

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 17,370 68,538 85,908
Additions - 5,072 5,072
Disposals (9,818 ) (7,431 ) (17,249 )
At 30 June 2024 7,552 66,179 73,731
DEPRECIATION
At 1 July 2023 15,238 65,817 81,055
Charge for year 2,131 5,476 7,607
Eliminated on disposal (9,817 ) (7,431 ) (17,248 )
Reclassification/transfer - (5,632 ) (5,632 )
At 30 June 2024 7,552 58,230 65,782
NET BOOK VALUE
At 30 June 2024 - 7,949 7,949
At 30 June 2023 2,132 2,721 4,853

The Appropriate Adult Service Limited (Registered number: 06262053)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 887,936 505,253
Amounts owed by group undertakings - 11,574
Other debtors - 132,000
Rent Deposit 660 -
Directors' current accounts - 33,733
Prepayments and accrued income 5,463 1,246
Provision for credit notes 234,271 313,781
1,128,330 997,587

7. CASH AT BANK AND IN HAND
2024 2023
£    £   
Bank account no. 1 87,589 107,360
Bank account no. 2 41,226 47,499
Cash in hand - 5
128,815 154,864

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,445 3,435
Amounts owed to group undertakings 426,741 203,967
Tax 42,048 113,466
Social security and other taxes 45,165 45,428
VAT 185,973 187,979
Other creditors 10,394 1,880
Directors' current accounts 4,560 -
Accrued expenses 9,401 3,659
767,727 559,814

9. FINANCIAL INSTRUMENTS

All debtors and creditors are basic financial instruments and are held at amortised cost.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,735 -
Deferred tax - 39,838
1,735 39,838

The Appropriate Adult Service Limited (Registered number: 06262053)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 39,838
Utilised during year (38,103 )
Balance at 30 June 2024 1,735

11. 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. The pension cost charge represents contributions payable by the Company to the fund and amounted to £40,908 (2023 - £28,212).

12. RELATED PARTY TRANSACTIONS

During the year, dividends of £385,000 (2023 - £443,250) were paid to 1510 Holdings Limited, the parent company.

During the year the company made a management charge of £220,000 (2023 - £220,000) to 1510 Holdings Limited, the parent company.

At the year end The Appropriate Adult Services Limited, owed £357,206 (2023 £203,967)) to its parent 1510 Holdings Limited. This loan is interest free and has no fixed repayment date.

At the year end a director owed the company £nil (2023 - £165,733). This loan is interest free and repayable on demand.

At the year end The Appropriate Adult Services Limited, owed £69,535 (2023 £11,574 debtor) to Singlepoint Calls Limited, a company with similar directors. This loan is interest free and has no fixed repayment date.

13. CONTROLLING PARTY

The ultimate parent company at the balance sheet date is 1510 Holdings Limited, a company incorporated in England.

The ultimate controlling party is Mrs A M Hawkins.