INCLUSIVE CARE SUPPORT - LEAVING CARE SERVICES LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13989803

INCLUSIVE CARE SUPPORT - LEAVING CARE SERVICES LTD

Filleted Unaudited Financial Statements

31 December 2024

INCLUSIVE CARE SUPPORT - LEAVING CARE SERVICES LTD

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	1,692,219	942,610

Current assets

Debtors	6	326,327	287,500
Cash at bank and in hand		21,078	4,356
		---------	---------
		347,405	291,856

Creditors: amounts falling due within one year	7	510,287	590,979
		---------	---------
Net current liabilities		162,882	299,123
		------------	---------
Total assets less current liabilities		1,529,337	643,487

Creditors: amounts falling due after more than one year	8	1,235,559	595,945

Provisions	5,919	7,359
	------------	---------
Net assets	287,859	40,183
	------------	---------

INCLUSIVE CARE SUPPORT - LEAVING CARE SERVICES LTD

Statement of Financial Position (continued)

31 December 2024

	2024	2023
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	287,759	40,083
	---------	--------
Shareholders funds	287,859	40,183
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Ms M G Chorbadzhiyska
Director

Company registration number: 13989803

INCLUSIVE CARE SUPPORT - LEAVING CARE SERVICES LTD

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, Harrow, HA2 7QN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

Provisions

Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 62 (2023: 57 ).

5. Tangible assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024	913,176	36,793	949,969
Additions	755,368	160	755,528
	------------	--------	------------
At 31 December 2024	1,668,544	36,953	1,705,497
	------------	--------	------------
Depreciation
At 1 January 2024	–	7,359	7,359
Charge for the year	–	5,919	5,919
	------------	--------	------------
At 31 December 2024	–	13,278	13,278
	------------	--------	------------
Carrying amount
At 31 December 2024	1,668,544	23,675	1,692,219
	------------	--------	------------
At 31 December 2023	913,176	29,434	942,610
	------------	--------	------------

6. Debtors

	2024	2023
	£	£
Other debtors	326,327	287,500
	---------	---------

Other debtors are intercompany non-trading transaction balances.

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	165,816	80,000
Corporation tax	86,640	5,926
Social security and other taxes	91,422	121,971
Other creditors	166,409	383,082
	---------	---------
	510,287	590,979
	---------	---------

Bank loans of £165,816 (2023 - £80,000) are secured over the company's assets by fixed and floating charges and negative pledge. Other creditors includes intercompany non-trading transactions balance of £17,001 (2023 - £327,481).

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	1,235,559	595,945
	------------	---------

Bank loans of £1,235,559 (2023 - £595,945) are secured over the company's assets by fixed and floating charges and negative pledge.