IRIS Accounts Production v25.1.4.42 09690062 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 Medium entities the provision of critical care services. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096900622023-09-30096900622024-09-30096900622023-10-012024-09-30096900622022-09-30096900622022-10-012023-09-30096900622023-09-3009690062ns15:EnglandWales2023-10-012024-09-3009690062ns14:PoundSterling2023-10-012024-09-3009690062ns10:Director12023-10-012024-09-3009690062ns10:Director22023-10-012024-09-3009690062ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3009690062ns10:MediumEntities2023-10-012024-09-3009690062ns10:Audited2023-10-012024-09-3009690062ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3009690062ns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3009690062ns10:FullAccounts2023-10-012024-09-3009690062ns10:OrdinaryShareClass42023-10-012024-09-3009690062ns10:Director32023-10-012024-09-3009690062ns10:Director42023-10-012024-09-3009690062ns10:RegisteredOffice2023-10-012024-09-3009690062ns5:CurrentFinancialInstruments2024-09-3009690062ns5:CurrentFinancialInstruments2023-09-3009690062ns5:ShareCapital2024-09-3009690062ns5:ShareCapital2023-09-3009690062ns5:RetainedEarningsAccumulatedLosses2024-09-3009690062ns5:RetainedEarningsAccumulatedLosses2023-09-3009690062ns5:ShareCapital2022-09-3009690062ns5:RetainedEarningsAccumulatedLosses2022-09-3009690062ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3009690062ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-300969006212023-10-012024-09-3009690062ns5:OwnedAssets2023-10-012024-09-3009690062ns5:OwnedAssets2022-10-012023-09-300969006212023-10-012024-09-300969006212022-10-012023-09-3009690062ns10:OrdinaryShareClass42022-10-012023-09-3009690062ns5:PlantMachinery2023-09-3009690062ns5:FurnitureFittings2023-09-3009690062ns5:MotorVehicles2023-09-3009690062ns5:ComputerEquipment2023-09-3009690062ns5:PlantMachinery2023-10-012024-09-3009690062ns5:FurnitureFittings2023-10-012024-09-3009690062ns5:MotorVehicles2023-10-012024-09-3009690062ns5:ComputerEquipment2023-10-012024-09-3009690062ns5:PlantMachinery2024-09-3009690062ns5:FurnitureFittings2024-09-3009690062ns5:MotorVehicles2024-09-3009690062ns5:ComputerEquipment2024-09-3009690062ns5:PlantMachinery2023-09-3009690062ns5:FurnitureFittings2023-09-3009690062ns5:MotorVehicles2023-09-3009690062ns5:ComputerEquipment2023-09-3009690062ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3009690062ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3009690062ns5:WithinOneYear2024-09-3009690062ns5:WithinOneYear2023-09-3009690062ns5:BetweenOneFiveYears2024-09-3009690062ns5:BetweenOneFiveYears2023-09-3009690062ns5:AllPeriods2024-09-3009690062ns5:AllPeriods2023-09-3009690062ns5:DeferredTaxation2023-09-3009690062ns5:DeferredTaxation2023-10-012024-09-3009690062ns5:DeferredTaxation2024-09-3009690062ns10:OrdinaryShareClass42024-09-3009690062ns5:RetainedEarningsAccumulatedLosses2023-09-30
REGISTERED NUMBER: 09690062 (England and Wales)











STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

HEALTH AND SOCIAL CARE SERVICES LTD

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Profit and Loss account 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Notes to the Financial Statements 14


HEALTH AND SOCIAL CARE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: G R Ward
R Tongson-Espe
P D Coombes
W R Patten





REGISTERED OFFICE: 3700 Parkway The Solent Centre
Solent Business Park
Whiteley
Fareham
Hampshire
PO15 7AW





REGISTERED NUMBER: 09690062 (England and Wales)





AUDITORS: Thompson Taraz Rand Audit and Assurance Limited
Statutory Auditors
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
During the year under review, the company has remained steadfast in executing the board's strategy of becoming the preferred supplier across the southwest of the UK, while also expanding into new geographic regions to meet the growing demand from NHS Integrated Care Boards.

This has been a particularly successful year, enabling us to significantly grow our workforce. We are delighted to welcome our new team members, both from the UK and those recruited internationally, We have also strengthened our leadership team by appointing two dedicated Paediatric Clinical directors and overall increasing the number of Clinical Directors, Nurse Managers, and Nurses.

Despite operating in a highly competitive market, our nurse-led approach, rapid mobilisation capabilities, and the flexibility of our dedicated international workforce have allowed us to differentiate ourselves from competitors and secure and service care packages, often at preferential rates. Thanks to the dedication of our mobilisation team, we have been able to respond swiftly, often within 24 hours to calls for help from our care partners, particularly when care packages have failed under other providers' responsibility. As we close the year, we are proud to be managing the largest number of care packages in our history.

This growth has resulted in a 27% increase in revenue compared to 2023, though gross margin has remained flat at 42%, primarily due to rising labour costs. While we are mindful of the financial pressures faced by those relying on our services, the commitment and expertise of our team position us well to navigate these challenges without compromising the quality of care we provide.

Looking ahead through 2025, the business will face challenges, particularly with the increases in the National Minimum Wage, Employers National Insurance, and visa costs for our internationally recruited staff, as well as the ongoing effects of inflation and the cost of living. These changes are expected to impact both gross and net profit margins in the medium to long term. In light of these rising costs, a review is currently underway by the government, and we anticipate entering formal negotiations with our local government partners once the full impact is clearer.

Despite these challenges, we remain confident in our ability to adapt and overcome, particularly with our ability to continue expanding our workforce, both from within the UK and internationally. Given the current political climate and the uncertainty surrounding the future of care provision and funding, we are prepared to meet these challenges head-on. We remain fully committed to meeting the needs of those we are privileged to care for.


HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The company is exposed to a range of business and financial risks. The principal risks and how they are managed are described in more detail below:

LIQUIDITY RISK
The company seeks to manage its financial risk by ensuring sufficient cash resources are available to meet foreseeable needs.

CREDIT RISK
The company's principal financial assets other than cash are trade debtors. The credit risk associated with these trade debts is managed by the credit control functions and continually monitors the age and size of balances due.Credit risk is further reduced as the company's main customers are NHS Integrated Care Boards.

RECRUITMENT AND RETENTION OF STAFF
The recruitment and retention of care staff is vital to the success of the company's strategy. The company has experienced some difficulties in recruiting in the UK labour market so has sought to mitigate this risk by obtaining visa permissions from the UK government to recruit staff located overseas.

CYBER SECURITY
Cyber and data security remain a key risk as technology and third party cloud based applications remain susceptible to the threat of cyber attacks.A data breach or attack could result in operational disruption which could reduce the effectiveness of group IT systems. This in turn could result in the loss of income, financial, customer or employee data resulting in reputational damage. To mitigate these risks the company employes a range of proactive and reactive security controls.

COMPLIANCE AND REGULATIONS
Legislation and regulation will continue to change and become more onerous, complex and demanding and is therefore considered a risk to the company.The company seeks to mitigate this risk through dedicated staff members responsible for compliance that monitor regulatory developments and advise the company's management as necessary. Regular training is provided to staff across a range of compliance areas.

REPUTATION
The company must have a reputation for delivering services. Any breach of laws and regulations or care standards, be it perceived or actual could impact the company's reputation, brand and compromise the safety of those in the company's care. This could impact on the company's ability to retain existing care packages as well as win further care packages from NHS Integrated Care Boards as well as the incurring of costs to remedy any regulatory breach.


HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

FINANCIAL KEY PERFORMANCE INDICATORS
2024 2023

Turnover £17.9M £14.1M

Gross margin 41.96% 42.09%

Operating profit margin 25% 25%

Net profit margin before tax 25% 26%

Total staff costs as % of turnover 64% 63%

ON BEHALF OF THE BOARD:





G R Ward - Director


26 June 2025

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

DIVIDENDS
The total distribution of dividends for the year ended 30 September 2024 will be £ 743,198 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

G R Ward
R Tongson-Espe
P D Coombes

Other changes in directors holding office are as follows:

W R Patten was appointed as a director after 30 September 2024 but prior to the date of this report.

ENGAGEMENT WITH EMPLOYEES
The company's ability to deliver its services are dependant on the quality and commitment of its staff meaning both the retention of existing staff and recruitment of new colleagues is a key component to delivering on the company's growth strategy.

The company seeks to invest in the capability of colleagues through formal training programmes and through development opportunities

The company seeks to engage through consultation with all staff concerning initiatives and changes that have taken place within the business during the period under review.

The company continues to focus on delivering a culture that is open, supportive and transparent and dedicated to the wellbeing of all staff within the company.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 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 these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-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.

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Thompson Taraz Rand Audit and Assurance Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





G R Ward - Director


26 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HEALTH AND SOCIAL CARE SERVICES LTD

Opinion
We have audited the financial statements of Health and Social Care Services Ltd (the 'company') for the year ended 30 September 2024 which comprise the Profit and Loss account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit 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 Auditors' 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 company's ability to continue as a going concern for a period of at least twelve 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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 the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HEALTH AND SOCIAL CARE SERVICES LTD


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 Report of the Directors.

We have nothing to report in respect of the following matters where 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 and 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.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, 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 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
HEALTH AND SOCIAL CARE SERVICES LTD


Auditors' 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 a Report of the Auditors 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:

Based on our understanding of the company and its industry, we identified that the principal risks of non compliance with laws and regulations related to the Health and Social Care Act 2008, Care Quality Commission Regulations, Health and Safety Regulations, Employment Regulations including the National Minimum Wage Act, Modern Slavery, UK Visa and Immigration rules and UK Tax legislation. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006.

We evaluated directors and managements incentives and opportunities for fraudulent manipulation of the financial statements (including management override of controls) and determined the principal risks were related to the posting of manual journal entries and management bias through application of judgement and assumptions in significant accounting estimates.

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 none compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standard would identify it.

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non­compliance or fraud 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 at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 we are required to state to them in a Report of the Auditors 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 Rand (Senior Statutory Auditor)
for and on behalf of Thompson Taraz Rand Audit and Assurance Limited
Statutory Auditors
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

26 June 2025

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 17,967,951 14,123,036

Cost of sales (10,428,694 ) (8,179,122 )
GROSS PROFIT 7,539,257 5,943,914

Administrative expenses (3,096,781 ) (2,465,405 )
4,442,476 3,478,509

Other operating income 14,000 106,000
OPERATING PROFIT 5 4,456,476 3,584,509

Interest receivable and similar income 78,015 28,313
4,534,491 3,612,822

Interest payable and similar expenses 6 (41,961 ) (7,842 )
PROFIT BEFORE TAXATION 4,492,530 3,604,980

Tax on profit 7 (1,141,258 ) (802,004 )
PROFIT FOR THE FINANCIAL YEAR 3,351,272 2,802,976

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 3,351,272 2,802,976


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

3,351,272

2,802,976

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 9 353,189 271,496

CURRENT ASSETS
Debtors 10 2,340,709 2,205,406
Cash at bank 5,960,093 3,614,567
8,300,802 5,819,973
CREDITORS
Amounts falling due within one year 11 (2,065,068 ) (2,117,471 )
NET CURRENT ASSETS 6,235,734 3,702,502
TOTAL ASSETS LESS CURRENT LIABILITIES 6,588,923 3,973,998

PROVISIONS FOR LIABILITIES 14 (73,564 ) (66,713 )
NET ASSETS 6,515,359 3,907,285

CAPITAL AND RESERVES
Called up share capital 15 100 100
Retained earnings 16 6,515,259 3,907,185
SHAREHOLDERS' FUNDS 6,515,359 3,907,285

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




G R Ward - Director



R Tongson-Espe - Director


HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 100 1,804,210 1,804,310

Changes in equity
Dividends - (700,001 ) (700,001 )
Total comprehensive income - 2,802,976 2,802,976
Balance at 30 September 2023 100 3,907,185 3,907,285

Changes in equity
Dividends - (743,198 ) (743,198 )
Total comprehensive income - 3,351,272 3,351,272
Balance at 30 September 2024 100 6,515,259 6,515,359

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Health and Social Care Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Critical accounting judgements and key sources of estimation uncertainty
Useful economic lives of tangible fixed assets:
Tangible fixed assets are depreciated over their expected useful lives taking into consideration residual values, where appropriate. The actual lives of the assets and residual values are assessed and amended when necessary to reflect the current estimates based on economic utilisation and physical condition of the assets.

Doubtful debts:
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade debtors , management considers factors including the current credit rating of the debtor, the ageing of the debtor and historical experience regarding payment history.

Turnover
Turnover is recoginsed in respect of the delivery of critical care services. Revenue is recognised once the right to consideration has been earned which is the fulfilment of care provision for an agreed time period. Revenue invoiced in advanced is recognised as a liability and released to the profit and loss account once the care package has been fulfilled. Where consideration has been earned but not invoiced revenue is accrued to the financial statements for the value of the care provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the term of the lease, which ever is the shorter.


Plant and machinery:10% on Cost.

Computer equipment33% on Cost

Office equipment25% on Cost

Motor vehicles25% on Reducing Balance

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 10,178,644 7,985,119
Social security costs 1,020,380 784,067
Other pension costs 184,791 147,785
11,383,815 8,916,971

The average number of employees during the year was as follows:
2024 2023

Carers 295 226
Administration 16 21
Managers 16 -
Directors 3 2
330 249

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. EMPLOYEES AND DIRECTORS - continued

2024 2023
£    £   
Directors' remuneration 51,430 116,666
Directors' pension contributions to money purchase schemes 5,962 6,666

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 -

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 116,783 69,029
Auditors' remuneration 19,692 11,800
Auditors' remuneration for non audit work 4,046 3,500

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Interest paid 484 527
HMRC Interest 41,477 7,315
41,961 7,842

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 1,134,407 780,655

Deferred tax 6,851 21,349
Tax on profit 1,141,258 802,004

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 4,492,530 3,604,980
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 21.999%)

1,123,133

793,060

Effects of:
Expenses not deductible for tax purposes 17,951 6,570
Capital allowances in excess of depreciation (6,677 ) (19,121 )
Movement in deferred tax 6,851 21,495
Total tax charge 1,141,258 802,004

8. DIVIDENDS
2024 2023
£    £   
Ordinary shares of 10p each
Interim 743,198 700,001

9. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 9,888 92,522 230,737 115,639 448,786
Additions 8,029 - 169,869 20,578 198,476
At 30 September 2024 17,917 92,522 400,606 136,217 647,262
DEPRECIATION
At 1 October 2023 8,943 49,579 35,547 83,221 177,290
Charge for year 1,086 21,662 74,510 19,525 116,783
At 30 September 2024 10,029 71,241 110,057 102,746 294,073
NET BOOK VALUE
At 30 September 2024 7,888 21,281 290,549 33,471 353,189
At 30 September 2023 945 42,943 195,190 32,418 271,496

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,669,103 1,702,117
Amounts owed by participating interests 213,753 -
Other debtors 72,570 229,457
Prepayments and accrued income 385,283 273,832
2,340,709 2,205,406

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 120,534 122,564
Amounts owed to group undertakings 191,593 118,240
Amounts owed to participating interests - 166,308
Tax 1,145,279 1,181,117
Social security and other taxes 240,425 237,936
Other creditors 102,360 122,323
Directors' current accounts - 1
Accrued expenses 264,877 168,982
2,065,068 2,117,471

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 91,685 91,685
Between one and five years 39,783 131,468
131,468 223,153

Operating lease commitments relates to the rental of commercial property from which the company trades.

13. SECURED DEBTS

Bank loans and overdrafts are secured by fixed and floating charge by way of a debenture overall all assets of the company.

14. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 73,564 66,713

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 66,713
Charge to Profit and Loss account during year 6,851
Rate movement
Balance at 30 September 2024 73,564

Deferred tax is recognised in respect of the excess of capital allowances over depreciation.

15. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Share capital 4 10p 100 100

16. RESERVES
Retained
earnings
£   

At 1 October 2023 3,907,185
Profit for the year 3,351,272
Dividends (743,198 )
At 30 September 2024 6,515,259

HEALTH AND SOCIAL CARE SERVICES LTD (REGISTERED NUMBER: 09690062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

17. RELATED PARTY DISCLOSURES

Transactions with the company's parent company:

During the year under review the company incurred management fees of £ nil (2023:£90,000) from the company's parent company.

The company paid advances of £275,595 (2023:£154,412). Following the declaration of an interim dividend totalling £371,598 the amount owed to the parent company is £191,593 (2023:(£95,589)) and is disclosed within amounts owed by group undertakings within creditors due in less than one year.

Transactions with other group entities:

The company charged a wholly owned subsidiary of the company's parent company £14,000 (2023:£106,000) in respect of clinical oversight fees.

The balance due at the balance sheet date amounted to £nil (2023:£22,652).

Transactions with company's that hold a participating interest:

A company in which a director holds a particpating interest was reimbursed expenses of £85,872 (2023: £249,160) in relation to travel and overseas staff recruitment expenses. A further £21,840 was charged in connection with the supply of operational support services.The balance payable to this company at the balance sheet date amounted to £nil (2023: £3,914) and is disclosed within trade creditors.

The company also paid advances of £419,675 (2023:£26,191) to a company in which a director holds a participating interest. Following the declaration of an interim dividend of £929 per share amounting to £371,599 the amount due at the balance sheet date amounted to £213,754 (2023: £166,309) and is disclosed within amounts owed to particpating interests within debtors due in less than one year.

Transactions with key management personal:

During the year under review the company was charged rent of £34,800 (2023: £34,800) by a self invested personal pension scheme of which a director is a beneficiary in relation to the rental of commercial premises.

The company was charged £160,000 (2023: nil) in respect of overseas staff recruitment fees by a company incorporated in Dubai. This is a company in which two directors each hold a 33% shareholding. A further £56,069 was advanced against future recruitment needs and is held within other debtors.

A director charged the company £37,456 (2023: nil) in respect of the supply of accountancy and taxation services. The amount outstanding at the balance sheet is nil (2023: nil).

Remuneration paid to key management personal amounted to £432,729.

18. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the company's parent company Abbott Healthcare Ltd The consolidated financial statements of the group can be obtained directly from the registrar of companies or the group's head office address; 16 Eaton Court, Colmworth Business Park, Eaton Socon, St Neots, Cambridgeshire, PE19 8ER.