Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 16 May 2025 1 September 2023 31 August 2024 31 August 2024 04016075 Mr S R Patel Mr D R Patel Mr S R Patel true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04016075 2023-08-31 04016075 2024-08-31 04016075 2023-09-01 2024-08-31 04016075 frs-core:CurrentFinancialInstruments 2024-08-31 04016075 frs-core:ShareCapital 2024-08-31 04016075 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04016075 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04016075 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04016075 frs-bus:SmallEntities 2023-09-01 2024-08-31 04016075 frs-bus:Audited 2023-09-01 2024-08-31 04016075 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04016075 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 04016075 frs-bus:OrdinaryShareClass1 2024-08-31 04016075 frs-bus:PreferenceShareClass1 2023-09-01 2024-08-31 04016075 frs-bus:PreferenceShareClass1 2024-08-31 04016075 1 2023-09-01 2024-08-31 04016075 frs-bus:Director1 2023-09-01 2024-08-31 04016075 frs-bus:Director2 2023-09-01 2024-08-31 04016075 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04016075 frs-countries:EnglandWales 2023-09-01 2024-08-31 04016075 2022-08-31 04016075 2023-08-31 04016075 2022-09-01 2023-08-31 04016075 frs-core:CurrentFinancialInstruments 2023-08-31 04016075 frs-core:ShareCapital 2023-08-31 04016075 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 04016075 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31 04016075 frs-bus:PreferenceShareClass1 2022-09-01 2023-08-31
Registered number: 04016075
Radis Staff Solutions Limited
Financial Statements
For The Year Ended 31 August 2024
Elsby & Company Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04016075
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 365,403 559,965
Cash at bank and in hand 551,583 239,753
916,986 799,718
Creditors: Amounts Falling Due Within One Year 5 (25,811 ) (21,686 )
NET CURRENT ASSETS 891,175 778,032
TOTAL ASSETS LESS CURRENT LIABILITIES 891,175 778,032
NET ASSETS 891,175 778,032
CAPITAL AND RESERVES
Called up share capital 6 7,000 7,000
Profit and Loss Account 884,175 771,032
SHAREHOLDERS' FUNDS 891,175 778,032
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors and authorised on 16 May 2025 and were signed on its behalf by:
Mr S R Patel
Director
16th May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Radis Staff Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04016075 . The registered office is Mercia House, 15 Galena Close, Tamworth, Staffordshire, B77 4AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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. 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. 
2.3. 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.
2.4. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the provision of services is recognised by reference to the date of provision of the services.
2.5. 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.
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 receipts 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.
...CONTINUED
Page 2
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2.5. Financial Instruments - continued
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.
2.6. Taxation
The 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 net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
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
2.7. 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.
2.8. Equity instruments
Equity instruments issued by the company are recorded at th eproceeds 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. 
3. Average Number of Employees
Wages costs for cleaners are recharged from group companies. The company has no employees other than the directors, therefore average number of employees is NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,878 32,617
Amounts owed by group undertakings 322,237 504,809
Other debtors 5,288 22,539
365,403 559,965
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 291 1,036
Other creditors 10,040 8,045
Taxation and social security 15,480 12,605
25,811 21,686
Page 3
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6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
5,000 Ordinary Shares of £ 1.00 each 5,000 5,000
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
2,000 Preference Shares of £ 1.00 each 2,000 2,000
All of the preference shares are classed as equity. They share rank equally with the ordinary shares in respect of dividends.
7. 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.
8. Related Party Transactions
The company has taken advantage of the exemption available under the Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group
9. Ultimate Controlling Party
The company is a wholly owned subsidiary of G P Homecare Limited and the ultimate parent undertaking is Radis Limited, both of which are incorporated in England and Wales. The consolidated accounts of Radis Limited are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.
Radis Limited is controlled by the directors S R Patel and D R Patel and other family members.
10. Audit Information
The auditor's report on the accounts of Radis Staff Solutions Limited for the year ended 31 August 2024 was unqualified.
The auditor's report was signed by Andrew Lawes MA MSc FCA (Senior Statutory Auditor) for and on behalf of Mercer & Hole LLP , Statutory Auditor.
Mercer & Hole LLP
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
Bucks
MK9 1BP
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