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Registration number: 10286288

Redjacket Specialist Care Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Redjacket Specialist Care Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Redjacket Specialist Care Ltd

Company Information

Directors

Mr B C Towells

Mrs J M Towells

Ms A Mcinerney

Mr J C Towells

Mr D J Towells

Registered office

Unit 39 Glenmore Business Park
Telford Road
Salisbury
Wiltshire
SP2 7GL

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Redjacket Specialist Care Ltd

(Registration number: 10286288)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

44,713

55,891

Current assets

 

Debtors

5

491,244

235,042

Cash at bank and in hand

 

1,079,542

611,257

 

1,570,786

846,299

Creditors: Amounts falling due within one year

6

(708,240)

(279,891)

Net current assets

 

862,546

566,408

Total assets less current liabilities

 

907,259

622,299

Creditors: Amounts falling due after more than one year

6

(8,876)

(23,437)

Provisions for liabilities

(11,178)

(13,973)

Net assets

 

887,205

584,889

Capital and reserves

 

Called up share capital

7

5

5

Retained earnings

887,200

584,884

Shareholders' funds

 

887,205

584,889

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 

 

Redjacket Specialist Care Ltd

(Registration number: 10286288)
Balance Sheet as at 31 July 2024 (continued)

.........................................
Mr D J Towells
Director

 

Redjacket Specialist Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 39 Glenmore Business Park
Telford Road
Salisbury
Wiltshire
SP2 7GL

These financial statements were authorised for issue by the Board on 25 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Redjacket Specialist Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the
related expenditure is incurred.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Reducing Balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Redjacket Specialist Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 186 (2023 - 124).

 

Redjacket Specialist Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

72,036

72,036

At 31 July 2024

72,036

72,036

Depreciation

At 1 August 2023

16,145

16,145

Charge for the year

11,178

11,178

At 31 July 2024

27,323

27,323

Carrying amount

At 31 July 2024

44,713

44,713

At 31 July 2023

55,891

55,891

5

Debtors

Current

2024
£

2023
£

Trade debtors

452,428

217,528

Prepayments

7,056

3,326

Other debtors

31,760

14,188

 

491,244

235,042

6

Creditors

Creditors: amounts falling due within one year

 

Redjacket Specialist Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

6

Creditors (continued)

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

11,494

11,111

Trade creditors

 

3,306

-

Taxation and social security

 

456,538

187,012

Accruals and deferred income

 

56,998

47,868

Other creditors

 

179,904

33,900

 

708,240

279,891

 

Redjacket Specialist Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

6

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

8,876

23,437

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

Ordinary A of £1 each

1

1

1

1

Ordinary B of £1 each

3

3

3

3

5

5

5

5

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,876

23,437

Current loans and borrowings

2024
£

2023
£

Bank borrowings

11,494

11,111

9

Dividends

 

Redjacket Specialist Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

9

Dividends (continued)

2024

2023

£

£

Interim dividend of £150,508.00 (2023 - £38,402.40) per ordinary share

752,538

192,012

 

 

10

Related party transactions

Transactions with directors

2024

At 1 August 2023
£

Advances to director
£

Other payments made to company by director
£

At 31 July 2024
£

Mr J C Towells

The loan is interest free and repayable on demand.

5,040

-

(2,500)

2,540

Mr B C Towells

The loan is interest free and repayable on demand.

-

1,280

-

1,280

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

150,929

149,743

Contributions paid to money purchase schemes

3,606

3,568

154,535

153,311