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Registered number: 03587165
G P Homecare Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 31 August 2024
Elsby & Company Limited
Contents
Page
Company Information 1
Strategic Report 2—3
Directors' Report 4—6
Independent Auditor's Report 7—9
Statement of Comprehensive Income 10
Balance Sheet 11
Statement of Changes in Equity 12
Notes to the Financial Statements 13—24
Page 1
Company Information
Directors Mr S R Patel
Mr D R Patel
Secretary Mr S R Patel
Company Number 03587165
Registered Office Mercia House
15 Galena Close
Tamworth
Staffordshire
B77 4AS
Accountants Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Auditors Mercer & Hole LLP
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1BP
Bankers Royal Bank of Scotland
24 Southernhay
Baslidon
Essex
SS14 1ER
Page 1
Page 2
Strategic Report
The directors present their strategic report for the year ended 31 August 2024.
Review of the Business
G P Homecare Limited (trading as Radis Community Care) predominantly provides care and support services in community settings across three reporting divisions: Domiciliary Care, Extra Care Housing and Specialist Services.
The company increased turnover to £54,457,231 (2023: £50,224,525). The increase in turnover was achieved through fee increases on existing contracts, significant growth in Extra Care consolidating on the growth from the prior year and new contracts and acquisitions in Supported Living.
Gross profit margin has increased to 29.3% (2023: 25.8%).  The strategic review of our contracts in the prior year has resulted in uneconomic and unsustainable contracts being handed back to the Local Authority / Health Boards. This has had an immediate positive impact on our financials, accounting for the majority of the increase in the gross margin.
We have continued to experience margin pressures.  Local Authority and Health Board budgets have been squeezed resulting in annual uplifts across a number of our contracts not keeping pace with another year of substantial increases in the cost of the National Living Wage, and associated employment costs, as well as higher inflationary pressures in utilities and insurance.  
The full impact of the actions taken have resulted in the business returning to profitability. The Operating result for this year before Interest, Tax, Depreciation and Amortisation (EBITDA) being a profit of £331,787 (2023: £1,001,390 loss).
The company has continued its investment in branch and support staff, funded by new contract implementations, IT expenditure and bore significant increases in a number of general cost lines.  As a result, there was an increase in administrative expenses to £16,172,885 (2023: £14,783,718).  We expect to see further investment in wages, IT costs and new contracts and services which the group believes will position it to continue its growth. The group will continue to manage the pressures on administrative costs as part of its business strategy.
The outlook for 2024/25 will be enhanced by further new contract additions and further benefits of the contract reviews which are being done continually.  However, we anticipate that existing contracts will continue to be affected by continued pressure on margins in 2024/25. This is due to inflationary pressures, namely the increases to the National Living Wage and the recent Budget changing the National Insurance rates and thresholds.  The latter of these is particularly acute for us as the majority of our workers are part time which means we will incur a higher cost of the threshold change than if we employed full time workers. As a result the business will be continuing to review its contracts and take appropriate actions to ensure continued profitability.
Principal Risks and Uncertainties
The principal risks and uncertainties continue to be the following:
Reliance on Local Authority customers
This risk is managed by maintaining close relations with those customers and looking for opportunities to expand into the private payer market. The company maintains a pipeline of tender opportunities to promote a diversity of contract and selectively tenders for sustainable contracts. The company has a good track record of winning new contracts and retaining contracts on renewal.
Compliance with regulations
The company employs suitably qualified staff and provides access to staff training to ensure they remain compliant with the regulations of the sector.
Retention and quality of staff
Recruitment and retention of good quality staff is an ongoing problem in a sector which is traditionally low paid. The company ensures it complies with the requirements of the Nation Minimum and Living Wages legislation.
Development and performance
Trading conditions are expected to continue to be difficult with the continuing pressure on margins, however, demand for care and support services continues to be high and we do expect to grow organically over the next 12 months.
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Key performance indicators
The directors consider the key performance indicators to be turnover, gross margins, EBITDA (Earnings before Interest, Tax, Depreciation, Amortisation) and cash flow which are consistent with the size and complexity of the business.
2024
2023
Turnover
£54,457,231
£50,224,525
Gross margin
29.3%
25.8%
EBITDA
£331,787
(£1,001,390)
Promoting the success of the company
The directors have had regard to the matters set out in section 172(1)(a) to (f) of the Companies Act 2006 in exercising their duty to promote the success of the company for the benefit of its members as a whole. The directors consider the company’s key stakeholders to be its Shareholders, Employees, Customers, Suppliers, Funders and Regulators. The Board seeks to understand the respective interests of such groups so that these may be properly considered in the Board’s decisions. We do this through various methods, including: direct engagement by the appropriate Board members; receiving reports and updates from members of management who engage with such groups; and coverage in our Board papers of relevant stakeholder interests with regard to proposed courses of action.
In considering the likely long-term consequences of any strategic decisions they make, the directors recognise their understanding of the business and the evolving environment in which the company operates is critical. Through their day to day involvement in the business, the directors are able to keep pace with the changes and challenges faced and can ensure this is incorporated into their strategic plans.
By providing a safe and secure working environment for employees, the directors are mindful that the company’s employees are fundamental and core to the business and delivery of the Board’s strategic plans. The success of the business depends on attracting, developing, retaining and motivating employees. Delivering the strategy also requires good relationships with suppliers, clients, funders, and local communities and the directors work continuously to achieve this.
In order to maintain the company’s reputation for high standards of business conduct the directors review and approve clear plans, policies and frameworks periodically, and carry out regular reviews so they can ensure that those high standards are maintained across all relationships, internally and externally. This is complemented by the way the directors monitor ongoing changes with governance standards and adapt the company’s policies and procedures to reflect those that are relevant to the size and industry of the business. The company’s environmental impact is monitored by the directors and further details can be found in the Directors' Report.
Finally, the directors recognise their role is key through not just their words but their own actions in ensuring the desired culture is embedded in the values, attitudes and behaviours the company demonstrates through its external activities and stakeholder relationships. 
On behalf of the board
Mr S R Patel
Director
16th May 2025
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Directors' Report
The directors present their report and the financial statements for the year ended 31 August 2024.
Principal Activity
The principal activity of the company continues to be the provision of care and support services to vulnerable people in the community. 
Future Developments
The company continues to seek further opportunities to develop the business and additional services.
Dividends
The results for the year are set out on page 10.
Ordinary dividends were paid amounting to £219,000 . The directors do not recommend payment of a final dividend. 
Directors
The directors who held office during the year were as follows:
Mr S R Patel
Mr D R Patel
Employees
Disabled persons
The company's policy is to recruit disabled workers for those vacancies that they are able to fill. All necessary assistance with initial training courses is given. Once employed, a career plan is developed so as to ensure suitable opportunities for each disabled person are available. Arrangements are made, wherever possible, for retraining employees who become disabled, to enable them to perform work identified as appropriate to their aptitudes and abilities.
Employee involvement
The company's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.
Information of matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.
Streamlined Energy and Carbon Reporting
The directors recognise that our operations have an environmental impact and we are committed to monitoring and reducing our emissions year on year. We are also aware of our reporting obligations under The Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018. As such, we have included reporting of our energy and carbon to meet these requirements and increase the transparency with which we communicate about our environmental impact to our stakeholders.
2023/2024 Performance
Our carbon footprint for the 2023/2024 reporting year has been calculated based on our environmental impact across scope 1, 2 and some scope 3 emissions related to Business Miles covered in Employees vehicles, as we believe this to be a fair reflection of the energy used in the operation of the business.
Our emissions are 563 tCO2e, which is an average impact of 0.23 tCO2e per employee. We have calculated emission intensity metrics on the basis of FTE, which we will monitor to track performance in our subsequent environmental disclosures.
We look to continually maximise efficiencies by minimising the impact of our carbon footprint through monitoring of our energy usage. By the nature of our business, fuel consumption is the largest proportion of our environmental impact driven by our Visiting Care Services. 
The reduction of 157 tCO2e or 21.8% in this year is directly related to a reduction in the Visiting Care services we are offering following a review of our contract financial viability. As a result, certain services have been handed back to the local authorities as they were not viable services for us to continue to offer.
For our other Visiting Care services, we try to maximise our efficiency by looking at our customers distribution profile and increasing the effectiveness of our planning. In addition, we aim to educate our employees to reduce consumption where possible. 
Methodology
The CO2e calculations are based on the HMRC publications relating to greenhouse gas reporting conversion factors for 2024 and our internal records for orders of fuel and energy consumption statements.
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2024
2023
Energy consumption
kWh
kWh
Aggregate of energy consumption in the year
2,368,063
3,008,979
2024
2023
Emissions of CO2 equivalent
metric tonnes
metric tonnes
Scope 1 - direct emissions
-Gas combustion
6.00
11.00
-Fuel consumed for owned transport
56.00
124.00
62.00
135.00
Scope 2 - indirect emissions
-Electricity purchased
26.00
38.00
Scope 3 - other indirect emissions
-Fuel consumed for transport not owned by the company
474.00
547.00
Total gross emissions
563.00
720.00
Intensity ratio
Tonnes CO2e per employee
0.23
0.31
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements 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 the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements 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 financial statements 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.
Statement of Disclosure of Information to Auditors
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
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Independent Auditors
The auditor, Mercer & Hole LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
On behalf of the board
Mr S R Patel
Director
16th May 2025
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Independent Auditor's Report
Opinion
We have audited the financial statements of G P Homecare Limited for the year ended 31 August 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit/(loss) for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
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Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. These included, but were not limited to, the Companies Act 2006, tax legislation and the requirements of the Care Quality Commission.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or understate expenditure and management bias in accounting estimates.
Audit procedures performed by the engagement team included:
  • discussions with management, including considerations of known or suspected instances of non-compliance with laws and regulations and fraud;
  • gaining an understanding of management's controls designed to prevent and detect irregularities;
  • identifying and testing journal entries; and
  • reviewing Care Quality Commission inspection reports to identify evidence of non-compliance.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non- compliance and cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Andrew Lawes MA MSc FCA (Senior Statutory Auditor)
for and on behalf of Mercer & Hole LLP , Statutory Auditor
16th May 2025
Mercer & Hole LLP
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1BP
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Statement of Comprehensive Income
2024 2023
Notes £ £
TURNOVER 3 54,457,231 50,224,525
Cost of sales (38,482,247 ) (37,270,925 )
GROSS PROFIT 15,974,984 12,953,600
Administrative expenses (16,172,885 ) (14,783,718 )
Other operating income 205,779 497,013
OPERATING PROFIT/(LOSS) 7,878 (1,333,105 )
Other interest receivable and similar income 7 72,010 51,925
PROFIT/(LOSS) BEFORE TAXATION 79,888 (1,281,180 )
Tax on Profit/(loss) 8 (41,197 ) 138,836
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR 38,691 (1,142,344 )
OTHER COMPREHENSIVE INCOME:
Movements arising on business combinations (454,026 ) -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR (415,335 ) (1,142,344 )
The profit and loss account has been prepared on the basis that all operations are continuing operations. 
The notes on pages 13 to 24 form part of these financial statements.
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Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 10 1,121,006 66,650
Tangible Assets 11 878,386 803,016
Investments 12 1,030,323 2,625,778
3,029,715 3,495,444
CURRENT ASSETS
Debtors 13 7,228,903 7,521,178
Cash at bank and in hand 928,325 985,978
8,157,228 8,507,156
Creditors: Amounts Falling Due Within One Year 14 (6,775,127 ) (6,966,708 )
NET CURRENT ASSETS 1,382,101 1,540,448
TOTAL ASSETS LESS CURRENT LIABILITIES 4,411,816 5,035,892
PROVISIONS FOR LIABILITIES
Deferred Taxation 15 (12,999 ) (2,740 )
NET ASSETS 4,398,817 5,033,152
CAPITAL AND RESERVES
Called up share capital 16 2 2
Profit and Loss Account 4,398,815 5,033,150
SHAREHOLDERS' FUNDS 4,398,817 5,033,152
The financial statements were approved by the board of directors and authorised for use on 16 May 2025 and were signed on its behalf by:
Mr S R Patel
Director
16th May 2025
The notes on pages 13 to 24 form part of these financial statements.
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Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 September 2022 2 6,283,494 6,283,496
Loss for the year and total comprehensive income - (1,142,344 ) (1,142,344)
Dividends paid - (108,000) (108,000)
As at 31 August 2023 and 1 September 2023 2 5,033,150 5,033,152
Profit for year - 38,691 38,691
Movements arising on business combinations - (454,026) (454,026)
Total comprehensive income for the year - (415,335 ) (415,335)
Dividends paid - (219,000) (219,000)
As at 31 August 2024 2 4,398,815 4,398,817
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Notes to the Financial Statements
1. General Information
G P Homecare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03587165 . The registered office is Mercia House, 15 Galena Close, Tamworth, Staffordshire, B77 4AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantange of exemptions from the following disclosure requirements:
  • Section 4 'Statement of Financial Position' - Reconciliation of the opening and closing number of shares;
  • Section 7 ' Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures
  • Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' - Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income
  • Section 33 'Related Party Disclosures' - Compensation for key management personnel
The financial statements of the company are consolidated in the financial statements of Radis Limited. These consolidated financial statements are available form its registered office Mercia House, 15 Galena Close, Tamworth, B77 4AS.
2.3. Exemption From Preparing Consolidated Financial Statements
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
2.4. Going Concern Disclosure
At the time of approving the the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Detailed trading cash flow forecasts have been prepared covering a period of greater than 12 months from the date of approval of these financial statements. The forecasts indicate that the company will have adequate resources to continue to trade for the foreseeable future without the need for additional sources of funds. 
2.5. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Bad and doubtful debts
The directors review trade receivables at each balance sheet date for impairment. Impairment of individually significant balances is assessed with an appropriate impairment provision being made when it is probable that the cash due will not be received in full. Individual non-significant balances are measured on a portfolio basis and assessed for impairment using historical loss experience.
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2.6. Turnover
Turnover represents amounts receivable for goods and services and is exempt from VAT.
Revenue from the provision of services is recognised by reference to the date of provision of the related services.
2.7. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.8. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. 
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software
3 years straight line
Contracts
5-10 years straight line
2.9. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold 50 years straight line
Motor Vehicles 5 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cashgenerating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
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2.10. Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. 
2.11. Leasing Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2.12. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.13. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
...CONTINUED
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2.13. Financial Instruments - continued
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.14. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.15. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.16. Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
The company participates in two multi-employer defined benefit pension schemes, the Local Government Pension scheme and the NHS Pension scheme. Under the TUPE arrangements for employees who were already members of these schemes when their employment contracts were transferred to the company, the company's obligations are to pay current contributions but have been indemnified by the relevant local authority to contribute towards any scheme deficit that may exist.
As such, the schemes have been accounted for a defined contribution pension scheme and the pension costs in respect of these schemes represent contributions payable in the period.
2.17. Government Grant
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
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2.18. Business combinations
The cost of a business combination is the fair value at the acquisition date of the assets given, equity  instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business  combination. The excess of the cost of a business combination over the fair value of the identifiable assets,  liabilities and contingent liabilities acquired is recognised as goodwill. 
The cost of the combination includes the estimated amount of contingent consideration that is probable and  can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. 
Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date.
Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.
3. Turnover
Analysis of turnover by class of business is as follows:
2024 2023
£ £
Provision of care and support services 54,457,231 50,224,525
Analysis of turnover by geographical market is as follows:
2024 2023
£ £
United Kingdom 54,457,231 50,224,525
54,457,231 50,224,525
2024
2023
Other revenue
£
£
Interest income
72,010
51,925
Grants received
42,724
137,903
Void rent income 
126,555
154,910
Insurance receipts
500
55,540
Sundry other income
36,000
52,000
Exceptional item 
2024
2023
£
£
Grant Income
-
96,660
Exceptional income relates to additional income received to assist the company in dealing with the effects of the COVID-19 pandemic. 
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4. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2024 2023
£ £
Wages and salaries 43,765,699 40,100,730
Social security costs 3,374,967 2,978,711
Other pension costs 961,878 906,961
48,102,544 43,986,402
5. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Carers 2234 2178
Office and support staff 180 161
2414 2339
6. Directors' remuneration
2024 2023
£ £
Emoluments 203,637 199,772
Company contributions to money purchase pension schemes 13,677 9,253
217,314 209,025
The number of directors to whom retirement benefits were accruing was as follows:
2024 2023
Money purchase pension schemes 2 2
Information regarding the highest paid director was as follows:
2024 2023
£ £
Emoluments 103,246 101,726
Company contributions to money purchase pension schemes 1,800 3,702
105,046 105,428
7. Interest Receivable and Similar Income
2024 2023
£ £
Interest on bank deposits 22,793 12,950
Other interest income 49,217 38,975
72,010 51,925
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8. Tax on Profit
The tax charge/(credit) on the profit/(loss) for the year was as follows:
2024 2023
£ £
Current tax
UK Corporation Tax - -
Prior period adjustment 30,938 (32,172 )
30,938 (32,172 )
Deferred Tax
Deferred taxation 10,259 (106,664 )
Total tax charge for the period 41,197 (138,836 )
The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit/(loss) and the standard rate of corporation tax as follows:
2024 2023
£ £
Profit before tax 79,888 (1,281,180)
Tax on profit at 25% (UK standard rate) 19,972 (275,710 )
Expenses not deductible for tax purposes 25,374 2,191
Tax losses utilised (41,197 ) 36,431
Capital allowances 1,217 4,727
Prior period adjustment 30,938 (32,172 )
Deferred tax from unrecognised tax loss or credit 4,893 61,748
Group relief - 87,417
Deferred tax relating to changes in tax rates or laws - (23,468 )
Total tax charge for the period 41,197 (138,836)
9. Operating Loss
2024
2023
£
£
Operating (loss)/profit for the year is stated after charging/(crediting):
Government grants
(42,724)
(137,903)
Fees payable to the company's auditor for the audit of the company's financial statements
40,577
39,800
Depreciation of owned tangible fixed assets
227,819
213,211
Loss on disposal of tangible fixed assets
-
75,594
Amortisation of intangible assets
96,090
42,910
Operating lease charges
396,325
420,120
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10. Intangible Assets
Goodwill Software Contracts Total
£ £ £ £
Cost
As at 1 September 2023 1,863,191 128,729 64,059 2,055,979
Additions - 9,120 - 9,120
Transfers - - 1,141,326 1,141,326
As at 31 August 2024 1,863,191 137,849 1,205,385 3,206,425
Amortisation
As at 1 September 2023 1,863,191 62,081 64,057 1,989,329
Provided during the period - 42,910 53,180 96,090
As at 31 August 2024 1,863,191 104,991 117,237 2,085,419
Net Book Value
As at 31 August 2024 - 32,858 1,088,148 1,121,006
As at 1 September 2023 - 66,648 2 66,650
11. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 590,000 7,500 208,646 966,402 1,772,548
Additions - - 43,283 199,801 243,084
Transfers - - 60,099 6 60,105
As at 31 August 2024 590,000 7,500 312,028 1,166,209 2,075,737
Depreciation
As at 1 September 2023 61,269 7,500 123,050 777,713 969,532
Provided during the period 29,500 - 31,785 166,534 227,819
As at 31 August 2024 90,769 7,500 154,835 944,247 1,197,351
Net Book Value
As at 31 August 2024 499,231 - 157,193 221,962 878,386
As at 1 September 2023 528,731 - 85,596 188,689 803,016
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12. Investments
Subsidiaries
£
Cost
As at 1 September 2023 2,625,778
Transfers (1,595,353 )
As at 31 August 2024 1,030,425
Provision
As at 1 September 2023 -
Impairment losses 102
As at 31 August 2024 102
Net Book Value
As at 31 August 2024 1,030,323
As at 1 September 2023 2,625,778
Further details of Transfers are provided in Note 23.
Subsidiaries
Details of the company's subsidiaries as at 31 August 2024 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
County Homecare Services Limited England & Wales Ordinary 100.00% -
Greenslade Services Limted England & Wales Ordinary 100.00% -
Radis Staff Solutions Limited England & Wales Ordinary & Preference 100.00% -
Focus Care Services Limited England & Wales Ordinary 100.00% -
Lucy Glyn Support Services Limited England & Wales Ordinary 100.00% -
DEEP Properties Limited England & Wales Ordinary 100.00% -
Post year end, County Homecare Services Limited and Greenslade Services Limited have been voluntarily struck off and are no longer subsidiaries.
13. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,824,768 3,184,935
Prepayments and accrued income 3,040,120 2,859,637
Other debtors 158,723 45,955
Corporation tax recoverable assets - 196,136
Amounts owed by group undertakings 303,364 272,542
6,326,975 6,559,205
Due after more than one year
Other debtors 901,928 961,973
7,228,903 7,521,178
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14. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 148,966 572,886
Other taxes and social security 713,916 656,908
Other creditors 823,196 1,141,588
Accruals and deferred income 3,697,689 3,377,022
Directors' loan accounts - 442
Amounts owed to group undertakings 1,391,360 1,217,862
6,775,127 6,966,708
15. Deferred Taxation
Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:
2024 2023
£ £
Accelerated capital allowances 90,598 62,315
Tax losses carried forward (41,821 ) (54,575 )
Other timing differences (35,778) (5,000)
12,999 2,740
2024
Movements in the year:
£
Liability at 1 September 2023
2,740
Debit to profit or loss
10,259
Liability at 31 August 2024
12,999
16. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
17. Contingent Liabilities
There is a cross company guarantee and debenture in place in respect of the group overdraft facility and borrowings totalling £1,391,964 (2023: 1,382,352). At the year end date, all assets within the group are held as security against this.
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18. Other Commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: 
2024 2023
£ £
Not later than one year 188,053 210,080
Later than one year and not later than five years 63,262 120,815
Later than five years 1,584 4,752
252,899 335,647
19. Pension Commitments
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
961,878
906,961
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 company also makes contributions to two multi-employer defined benefit pension schemes as described in note 2.26. Contributions to these schemes are accounted for as defined benefit schemes.
20. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 219,000 108,000
21. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
The company also paid rent to Ridge/Patel Partnership amounting to £44,000 (2023: £44,000), a partnership in which D R Patel, a shareholder in Radis Limited is a partner.
At the year end, a loan of £1,011,189 (2023: £961,973) was owed by Baringo Properties Limited, a company controlled by the directors and shareholders S R Patel and D R Patel and is included in 'Other Debtors' (note 14). The loan is unsecured and is interest bearing of 5% per annum rolled up for 3 years.
22. Controlling Parties
The ultimate parent company is Radis Limited (incorporated in England & Wales). This company is controlled by the directors S R Patel and D R Patel and other family members. Consolidated financial statements can be obtained from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.
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23. Acquisitions
On 1st May 2024 the company acquired the trade and assets of Lucy Glyn Support Services Ltd and Focus Care Services Ltd, businesses associated with the provision of home care services. Both of these companies have been 100% owned by G P Homecare Limited since 29th June 2021 and 25th May 2021 respectively.
Details of the business combinations are set out below: 
Lucy Glyn Support Services Ltd
Focus Care Services Ltd
£
£
Intangible fixed assets
970,327
170,997
Property, plant and equipment
60,105
-
Trade and other receivables 
12,235
26,101
Cash and cash equivalents
656
54
Trade and other payables
(98,680)
(23,594)
Net Assets
944,643
173,558
Satisfied by:
£
£
Intercompany account
(25,684)
2,561
Transfer from investments
970,327
170,997
944,643
173,558
The combined businesses were fully integrated into the operations of the company and it is not possible to separately quantify the effect on trading results post combination.
Intangible fixed assets, representing customer contracts totalling £1,595,351, were acquired with the two businesses on their acquisition in 2021. These were judged to have a 10 year useful life at that time and the amortised value has been recognised in the fair values above. A corresponding transfer from cost of investment has been made in the balance sheet of G P Homecare Limited of £1,595,351 to intangible assets, with the accumulated amortisation of the time at transfer of £454,027 being taken to reserves.
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