Company Registration No. 09641971 (England and Wales)
CARING PROFESSIONAL SOLUTIONS LIMITED
Unaudited Financial statements
for the year ended 30 September 2024
CARING PROFESSIONAL SOLUTIONS LIMITED
Unaudited Financial statements
Contents
CARING PROFESSIONAL SOLUTIONS LIMITED
Company Information
for the year ended 30 September 2024
Directors
Robert SELL
Christina Anne SELL
Company Number
09641971 (England and Wales)
Registered Office
Library Chambers
63 High Street
Bagshot
GU19 5AH
Accountants
Zeal Resolution LTD
234 Uxbridge Road
Hampton Hill
Hampton
Middlesex
TW12 1AY
CARING PROFESSIONAL SOLUTIONS LIMITED
Statement of financial position
as at 30 September 2024
Intangible assets
146,132
167,008
Tangible assets
14,100
9,865
Cash at bank and in hand
100,027
28,216
Creditors: amounts falling due within one year
(144,912)
(137,815)
Net current liabilities
(20,200)
(71,132)
Total assets less current liabilities
140,032
105,741
Creditors: amounts falling due after more than one year
(20,001)
(30,000)
Provisions for liabilities
Called up share capital
2,000
30,000
Profit and loss account
115,352
45,202
Shareholders' funds
117,352
75,202
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by
Robert SELL
Director
Company Registration No. 09641971
CARING PROFESSIONAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
CARING PROFESSIONAL SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09641971. The registered office is Library Chambers, 63 High Street, Bagshot, GU19 5AH.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
CARING PROFESSIONAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33% straight line
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Other intangible assets that are acquired by the company are stated at cost less accumulated amortisation and impairment losses.
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class amortisation method and rate
Goodwill 25% straight line
Other 10% straight line
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities ifthe company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. Ifthere is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
CARING PROFESSIONAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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.
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Intangible fixed assets
Goodwill
Other
Total
At 1 October 2023
10,000
208,760
218,760
At 30 September 2024
10,000
208,760
218,760
At 1 October 2023
10,000
41,752
51,752
Charge for the year
-
20,876
20,876
At 30 September 2024
10,000
62,628
72,628
At 30 September 2024
-
146,132
146,132
At 30 September 2023
-
167,008
167,008
CARING PROFESSIONAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
1,400
44,290
45,690
At 30 September 2024
1,400
54,588
55,988
At 1 October 2023
1,400
34,425
35,825
Charge for the year
-
6,063
6,063
At 30 September 2024
1,400
40,488
41,888
At 30 September 2024
-
14,100
14,100
At 30 September 2023
-
9,865
9,865
Amounts falling due within one year
Trade debtors
7,602
16,329
Accrued income and prepayments
10,577
16,189
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
46,945
17,203
Taxes and social security
46,050
42,774
Other creditors
8,725
22,360
Loans from directors
(2,579)
7,371
Deferred income
15,137
1,156
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Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 52 (2023: 72).