| Directors |
|
|
|
|
| Secretary |
|
| Company Number |
|
| Registered Office | Mercia House |
| 15 Galena Close | |
| Tamworth | |
| Staffordshire | |
| B77 4AS | |
| Accountants | Elsby & Company Limited |
| 155 Wellingborough Road | |
| Rushden | |
| Northamptonshire | |
| NN10 9TB | |
| Auditors |
|
| The Pinnacle | |
| 170 Midsummer Boulevard | |
| Milton Keynes | |
| Buckinghamshire | |
| MK9 1BP | |
| Bankers | Royal Bank of Scotland |
| 24 Southernhay | |
| Basildon | |
| Essex | |
| SS14 1ER | |
|
2024
|
2023
|
||
|---|---|---|---|
|
£
|
£
|
||
|
Turnover
|
56,573,077
|
53,451,134
|
|
|
Gross Margin
|
29.4%
|
26.0%
|
|
|
EBITDA
|
639,369
|
(436,590)
|
|
Director
|
|
16th May 2025
|
|
|
|
|
|
Energy consumption
|
2024
|
2023
|
|
|---|---|---|---|
|
kWh
|
kWh
|
||
|
Aggregate of energy consumption in the year
|
2,442,108
|
3,094,576
|
|
|
2024
|
2023
|
||
|---|---|---|---|
|
Emissions of CO2 equivalent
|
metric tonnes
|
metric tonnes
|
|
|
Scope 1 - direct emissions
|
|||
|
- Gas combustion
|
15
|
20
|
|
|
- Fuel consumed for owned transport
|
56
|
124
|
|
|
71
|
144
|
||
|
Scope 2 - indirect emissions
|
|||
|
- Electricity purchased
|
32
|
44
|
|
|
Scope 3 - other indirect emissions
|
|||
|
- Fuel consumed for transport not owned by the group
|
474
|
547
|
|
|
Total gross emissions
|
577
|
735
|
|
|
Intensity ratio
|
|||
|
Tonnes CO2e per employee
|
0.23
|
0.30
|
|
|
Director
|
|
|
|
for and on behalf of
|
|
|
|
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1BP
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Administrative expenses |
( |
( |
||
| Other operating income |
|
|
||
| Fair value losses on investment properties |
( |
|
||
| OPERATING PROFIT/(LOSS) |
|
( |
||
| Other interest receivable and similar income | 8 |
|
|
|
| Interest payable and similar charges | 9 |
( |
( |
|
| PROFIT/(LOSS) BEFORE TAXATION |
|
( |
||
| Tax on Profit/(loss) | 10 |
( |
|
|
| PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
( |
||
| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
|
( |
||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 12 |
|
|
||
| Tangible Assets | 13 |
|
|
||
| Investment Properties | 14 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 16 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
| NET CURRENT ASSETS |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
|
||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 20 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 21 |
|
|
||
| Share premium account |
|
|
|||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 4,931,223 | 5,041,151 | |||
|
Director
|
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 13 |
|
|
||
| Investments | 15 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 17 |
( |
( |
||
| NET CURRENT LIABILITIES |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year | 18 |
( |
|
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 21 |
|
|
||
| Share premium account |
|
|
|||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 239,934 | 322,493 | |||
|
Director
|
|
|
| Share Capital | Share Premium | Other reserves | Profit and Loss Account | Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| As at 1 September 2022 |
|
|
|
|
5,933,685 |
| Loss for the year and total comprehensive income | - | - | - |
( |
(724,534) |
| Dividends paid | - | - | - | (168,000) | (168,000) |
| As at 31 August 2023 and 1 September 2023 |
|
|
|
|
5,041,151 |
| Profit for the year and total comprehensive income | - | - | - |
|
58,072 |
| Dividends paid | - | - | - | (168,000) | (168,000) |
| As at 31 August 2024 |
|
|
|
|
4,931,223 |
| Share Capital | Share Premium | Profit and Loss Account | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 September 2022 |
|
|
|
320,896 |
| Profit for the year and total comprehensive income | - | - |
|
169,597 |
| Dividends paid | - | - | (168,000) | (168,000) |
| As at 31 August 2023 and 1 September 2023 |
|
|
|
322,493 |
| Profit for the year and total comprehensive income | - | - |
|
85,441 |
| Dividends paid | - | - | (168,000) | (168,000) |
| As at 31 August 2024 |
|
|
|
239,934 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
|
|
|
| Interest paid |
( |
( |
||
| Tax refunded/(paid) |
|
( |
||
| Net cash generated from operating activities |
|
|
||
| Cash flows from investing activities | ||||
| Purchase of intangible assets |
( |
|
||
| Purchase of tangible assets |
( |
( |
||
| Proceeds from disposal of tangible assets |
|
|
||
| Interest received |
|
|
||
| Loan to related party | - | (303,437) | ||
| Net cash used in investing activities |
( |
( |
||
| Cash flows from financing activities | ||||
| Equity dividends paid |
( |
( |
||
| Proceeds from new bank borrowings |
|
|
||
| Repayment of bank borrowings |
( |
( |
||
| Net cash used in financing activities |
( |
( |
||
| Increase/(decrease) in cash and cash equivalents |
|
( |
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
|
| Cash and cash equivalents at end of year | 2 |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit/(loss) for the financial year |
|
( |
|
| Adjustments for: | |||
| Tax on profit/(loss) |
|
( |
|
| Interest expense |
|
|
|
| Interest income |
( |
( |
|
| Amortisation of intangible assets |
|
|
|
| Depreciation of tangible assets |
|
|
|
| Profit on disposal of tangible assets | (400) | (128,371) | |
| Net fair value losses recognised in profit or loss | 60,000 | - | |
| Movements in working capital: | |||
| Decrease in trade and other debtors |
|
|
|
| (Decrease)/increase in trade and other creditors |
( |
|
|
| Net cash generated from operations |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 1 September 2023 | Cash flows | As at 31 August 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
61,120 |
|
| Debts falling due within one year |
( |
1,331,838 |
( |
| Debts falling due after more than one year | - | (1,341,450) | (1,341,450) |
| 118,339 | 51,508 | 169,847 | |
|
Software
|
3 years straight line
|
|
|
Contracts
|
5-10 years straight line
|
| Freehold |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Provision of care and support services | 56,255,413 | 53,121,473 | |
| Provision of cleaning services | 289,303 | 302,360 | |
| Rental income | 28,361 | 27,301 | |
| 56,573,077 | 53,451,134 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| United Kingdom |
|
|
|
| 56,573,077 | 53,451,134 | ||
|
2024
|
2023
|
||
|---|---|---|---|
|
Other revenue
|
£
|
£
|
|
|
Interest income
|
72,010
|
51,978
|
|
|
Grants received
|
42,724
|
135,983
|
|
|
Void rent
|
126,555
|
154,910
|
|
|
Insurance receipt
|
500
|
55,540
|
|
|
Exceptional item
|
|||
|
2024
|
2023
|
||
|
£
|
£
|
||
|
Grant income
|
-
|
96,660
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the group and company's financial statements |
|
|
|
| Other Services | |||
| Taxation compliance service | - |
|
|
| Other non-audit services | - |
|
|
| - | 24,018 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| Carers |
|
|
|
| Office and support staff |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| Company contributions to money purchase pension schemes |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| Company contributions to money purchase pension schemes |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
|
|
|
| Other interest income | 49,217 | 38,975 | |
| 72,010 | 51,978 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
|
|
|
|
The tax charge/(credit) on the profit/(loss) for the year was as follows:
|
|||||
| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 21.5% |
|
|
|
| Prior period adjustment |
|
( |
|||
|
|
( |
||||
| Deferred Tax | |||||
| Deferred taxation |
|
( |
|||
| Total tax charge/(credit) for the period |
|
( |
|||
|
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/(loss) before tax | 99,269 | (863,264) | |||
| Tax on profit at 25% (UK standard rate) |
|
( |
|||
| Expenses not deductible for tax purposes |
|
|
|||
| Tax losses utilised |
( |
|
|||
| Permanent capital allowances in excess of depreciation |
|
( |
|||
| Prior period adjustment |
|
( |
|||
| Deferred tax from unrecognised tax loss or credit |
|
|
|||
| Deferred tax relating to changes in tax rates or laws |
|
( |
|||
| Total tax charge for the period | 41,197 | (138,730) | |||
|
2024
|
2023
|
||
|---|---|---|---|
|
£
|
£
|
||
|
Government grants
|
(42,724)
|
(135,983)
|
|
|
Depreciation of owned tangible fixed assets
|
256,444
|
242,401
|
|
|
Profit on disposal of tangible fixed assets
|
(400)
|
(128,371)
|
|
|
Amortisation of intangible assets
|
202,445
|
202,446
|
|
|
Operating lease charges
|
312,845
|
337,281
|
|
| Goodwill | Software | Contracts | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 September 2023 |
|
|
|
|
| Additions |
|
|
|
|
| As at 31 August 2024 |
|
|
|
|
| Amortisation | ||||
| As at 1 September 2023 |
|
|
|
|
| Provided during the period |
|
|
|
|
| As at 31 August 2024 |
|
|
|
|
| Net Book Value | ||||
| As at 31 August 2024 |
|
|
|
|
| As at 1 September 2023 |
|
|
|
|
| Land & Property | |||||
|---|---|---|---|---|---|
| Freehold | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost or Valuation | |||||
| As at 1 September 2023 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| Disposals |
|
( |
|
|
( |
| As at 31 August 2024 |
|
|
|
|
|
| Depreciation | |||||
| As at 1 September 2023 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| Disposals |
|
( |
|
|
( |
| As at 31 August 2024 |
|
|
|
|
|
| Net Book Value | |||||
| As at 31 August 2024 |
|
|
|
|
|
| As at 1 September 2023 |
|
|
|
|
|
| Land & Property | |
|---|---|
| Freehold | |
| £ | |
| Cost | |
| As at 1 September 2023 |
|
| As at 31 August 2024 |
|
| Depreciation | |
| As at 1 September 2023 |
|
| Provided during the period |
|
| As at 31 August 2024 |
|
| Net Book Value | |
| As at 31 August 2024 |
|
| As at 1 September 2023 |
|
| 2024 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 September 2023 |
|
| Revaluations | (60,000) |
| As at 31 August 2024 |
|
| Subsidiaries | |
|---|---|
| £ | |
| Cost | |
| As at 1 September 2023 |
|
| As at 31 August 2024 |
|
| Provision | |
| As at 1 September 2023 |
|
| As at 31 August 2024 |
|
| Net Book Value | |
| As at 31 August 2024 |
|
| As at 1 September 2023 |
|
| Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
|---|---|---|---|---|
|
|
England & Wales |
|
|
- |
|
|
England & Wales |
|
|
100.00% |
|
|
England & Wales |
|
|
100.00% |
|
|
England & Wales |
|
|
100.00% |
|
|
England & Wales |
|
|
100.00% |
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Due within one year | |||||||
| Trade debtors |
|
|
|
|
|||
| Prepayments and accrued income |
|
|
|
|
|||
| Other debtors |
|
|
|
|
|||
| Corporation tax recoverable assets |
|
|
|
|
|||
|
|
|
|
|
||||
| Due after more than one year | |||||||
| Other debtors |
|
|
|
|
|||
|
|
|
|
|
||||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Trade creditors |
|
|
|
|
|||
| Bank loans and overdrafts |
|
|
|
|
|||
| Amounts owed to group undertakings | - | - |
|
|
|||
| Other creditors | 823,196 | 1,193,926 | - | - | |||
| Taxation and social security | 729,395 | 710,783 | - | - | |||
| Accruals and deferred income |
|
|
|
|
|||
|
|
|
|
|
||||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Bank loans |
|
|
|
|
|||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Bank loans |
|
|
|
|
|||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Amounts falling due within one year or on demand: | |||||||
| Bank loans |
|
|
|
|
|||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Amounts falling due between one and five years: | |||||||
| Bank loans |
|
|
|
|
|||
| Group | Company | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Amounts falling due after more than five years: | |||||||
| Bank loans |
|
|
|
|
|||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Accelerated capital allowances |
|
|
|
| Revaluation of property, plant and equipment |
|
- | |
| Tax losses carried forward |
( |
( |
|
| Other timing differences | (35,778) | (5,000) | |
|
|
|
||
|
Group
|
Company
|
||
|---|---|---|---|
|
2024
|
2024
|
||
|
£
|
£
|
||
|
Movements in the year:
|
|||
|
Liability at 1 September 2023
|
2,740
|
-
|
|
|
Debit to profit or loss
|
10,259
|
-
|
|
|
Liability at 31st August 2024
|
12,999
|
-
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
| Later than five years |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
|
|
|
2024
|
2023
|
||
|---|---|---|---|
|
£
|
£
|
||
|
Aggregate compensation
|
217,314
|
209,025
|
|