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Registration number: 11565723

Assist Care Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Assist Care Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

 

Assist Care Group Limited

Company Information

Director

Mr Timothy James Wilson

Company secretary

Mr Timothy James Wilson

Registered office

3 Bank Buildings
149 High Street
Cranleigh
Surrey
GU6 8BB

Accountants

MSH Accountancy Limited 3 Bank Buildings
149 High Street
Cranleigh
Surrey
GU6 8BB

 

Assist Care Group Limited

(Registration number: 11565723)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

43,603

Tangible assets

5

57,669

68,010

Investments

6

1,170

1,170

 

58,839

112,783

Current assets

 

Debtors

7

989,191

904,140

Cash at bank and in hand

 

15,958

39,654

 

1,005,149

943,794

Creditors: Amounts falling due within one year

8

(315,461)

(326,491)

Net current assets

 

689,688

617,303

Total assets less current liabilities

 

748,527

730,086

Creditors: Amounts falling due after more than one year

8

(31,482)

(37,037)

Provisions for liabilities

(5,857)

-

Net assets

 

711,188

693,049

Capital and reserves

 

Called up share capital

9

200

200

Share premium reserve

908

908

Retained earnings

710,080

691,941

Shareholders' funds

 

711,188

693,049

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Assist Care Group Limited

(Registration number: 11565723)
Balance Sheet as at 30 November 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 August 2025
 

.........................................
Mr Timothy James Wilson
Company secretary and director

 

Assist Care Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Bank Buildings
149 High Street
Cranleigh
Surrey
GU6 8BB
England

These financial statements were authorised for issue by the director on 30 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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.

Tax

The tax expense for the period comprises current 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.

 

Assist Care Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Freehold property

2% straight line

Motor vehicles

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

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.

Amortisation

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

10% straight line

 

Assist Care Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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

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

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 if the 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. If there 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.

Borrowings

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.

 

Assist Care Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 96 (2023 - 96).

 

Assist Care Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2023

444,961

444,961

At 30 November 2024

444,961

444,961

Amortisation

At 1 December 2023

401,358

401,358

Amortisation charge

43,603

43,603

At 30 November 2024

444,961

444,961

Carrying amount

At 30 November 2024

-

-

At 30 November 2023

43,603

43,603

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

33,972

170,728

51,843

256,543

At 30 November 2024

33,972

170,728

51,843

256,543

Depreciation

At 1 December 2023

4,611

154,983

28,939

188,533

Charge for the year

679

3,936

5,726

10,341

At 30 November 2024

5,290

158,919

34,665

198,874

Carrying amount

At 30 November 2024

28,682

11,809

17,178

57,669

At 30 November 2023

29,361

15,745

22,904

68,010

Included within the net book value of land and buildings above is £28,682 (2023 - £29,361) in respect of freehold land and buildings.
 

 

Assist Care Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

1,170

1,170

Subsidiaries

£

Cost or valuation

At 1 December 2023

1,170

Provision

Carrying amount

At 30 November 2024

1,170

At 30 November 2023

1,170

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

182,493

209,831

Amounts owed by related parties

12

765,212

676,146

Prepayments

 

41,486

16,463

Other debtors

 

-

1,700

   

989,191

904,140

 

Assist Care Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

20,906

6,159

Amounts owed to group undertakings and undertakings in which the company has a participating interest

12

77,834

97,252

Taxation and social security

 

61,545

83,662

Accruals and deferred income

 

1,376

1,376

Other creditors

 

153,800

138,042

 

315,461

326,491

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

31,482

37,037

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

108

108

108

108

Ordinary A of £1 each

46

46

46

46

Ordinary B of £1 each

46

46

46

46

200

200

200

200

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

31,482

37,037

 

Assist Care Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Bank borrowings

Bounce Back Loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 15 June 2030. The carrying amount at year end is £31,482 (2023 - £37,037).

11

Dividends

2024

2023

£

£

Interim dividend of £18.50 (2023 - £23.00) per ordinary share

37,000

46,000

 

 
 

Assist Care Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

12

Related party transactions

Directors' remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

20,914

21,829

Loans to related parties

2024

Parent
£

Total
£

At start of period

676,146

676,146

Advanced

89,066

89,066

At end of period

765,212

765,212

2023

Parent
£

Total
£

At start of period

608,177

608,177

Advanced

67,969

67,969

At end of period

676,146

676,146

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

97,253

97,253

Repaid

(19,419)

(19,419)

At end of period

77,834

77,834

2023

Subsidiary
£

Total
£

At start of period

101,922

101,922

Repaid

(4,669)

(4,669)

At end of period

97,253

97,253

13

Parent and ultimate parent undertaking

The company's immediate parent is TJW Holdings Ltd, incorporated in England.