Registration number:
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Supreme Care Services Limited
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Brebners
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Supreme Care Services Limited
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Statement of Income and Retained Earnings |
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Statement of Financial Position |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Supreme Care Services Limited
Company Information
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Director |
R Efeotor |
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Company secretary |
E Efeotor |
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Registered office |
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Auditor |
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Supreme Care Services Limited
Strategic Report for the Year Ended 31 May 2025
The director presents her strategic report for the year ended 31 May 2025.
Principal activity
The principal activity of the company is domiciliary care services.
Fair review of the business
Supreme Care Services Limited is a dedicated provider of a wide range of domiciliary care services for people with a reduced ability to care for themselves. At Supreme Care Services, we provide a wide range of practical help and support to people in the community who, because of their extreme frailty, disability or illness, require assistance in their own homes. Supreme Care Services pride ourselves on working closely with our clients to provide the best tailor-made assistance whilst in the comfort of their own homes, close to their loved ones and local community. Whilst in their homes, our service users can carry on as normal a life as possible, in dignity and surrounded by their own belongings.
Supreme Care Services recognises the need for care to be delivered by a skilled, honest, conscientious and motivated team. We are committed to the recruitment and continuous training of our staff in the delivery of care to the highest standard.
Whether it’s residential care for someone who is finding it increasingly difficult or lonely living in their own home, or someone who needs specialist nursing or dementia care etc, our home managers can offer guidance and support.
Supreme Care Services operates in a challenging market which is subject to commercial pressures from both our competition and the current economic uncertainty.
The director is satisfied with the company’s performance for the year, which reflects the significant time, effort and investment made to enhance its care offering and support to clients, consolidating the company’s position in the market and strengthening relationships with key stakeholders.
The company's key financial and other operating performance indicators during the year were as follows:
Financial Key Performance Indicators
The key performance indicators used by the directors to measure the performance of the group are as follows:
|
Unit |
2025 |
2024 |
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Turnover |
£ |
23,529,055 |
23,740,552 |
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Profit before tax |
£ |
486,698 |
1,029,024 |
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Net assets |
£ |
3,370,224 |
3,854,270 |
In addition to the above, the current ratio for the year to 31 May 2025 was 1.37 (2024: 1.54).
There are numerous non-financial performance indicators used by the director but none are considered to be key.
Supreme Care Services Limited
Strategic Report for the Year Ended 31 May 2025
During the year the company continued to provide domiciliary, nursing and children care services for local authorities, NHS and privately funded clients. The company's CQC rating has accelerated their appeal to the new framework contracts with local authorities, increasing activities further. As a result, the director believes the company will continue to trade profitably in the coming years.
2025 was predominantly a year of investment, consolidation and stabilisation, as a result, the company has maintained consistent levels of turnover. During this year the company has continued to scale up the scope of contracts with existing local authorities and is looking to extend its offering by tendering to a number of new local authorities. Supreme Care Services is continuing with its strategy of investing in back-end technology, people and facilities, while ensuring that margins remain consistent. The increase in administrative costs primarily reflects the strategic investments in operating processes undertaken during the year, which are expected to strengthen the company’s competitive position and support sustained long-term success within the industry.
The director is also satisfied with the statement of financial position at 31 May 2025 which shows £3,370,224 of net assets, £1,242,202 of net current assets and £72,896 cash at bank.
With these significant financial resources available, the director feels the company remains well-placed to exploit future opportunities as and when they arise. Supreme Care Services continues to expand its operations into Essex and Lambeth, whilst increasing current operations in inner London and Surrey, demonstrating the director's positive outlook for the company.
Principal risks and uncertainties
The company uses basic financial instruments, other than derivatives, comprising borrowings, cash and various items, such as trade debtors and trade creditors that arise directly from its operations. The main purposes of these financial instruments is to raise finance for the company's operations.
The company had no hedging arrangements at 31 May 2025.
The management of the business is subject to a number of risks, which are reviewed by the board and appropriate procedures put in place to monitor and mitigate. The key risks are liquidity risk, foreign currency exposure and customer credit exposure.
In respect of bank balances the company had no overdraft facility during the period and the company maintained significant cash at bank balances throughout the period.
Liquidity and cash flow risks are managed by the director.
Liquidity risk
The objective of the company in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The company expects to meet its financial obligations through operating cash flows. In the event that the operating cash flows would not cover all of the financial obligations, the company has credit facilities available. The company policy throughout the year has been to ensure continuity of funding so that at least a significant part of its borrowings should mature in more than one year.
Customer credit exposure
The company may offer credit terms to its customers which allow payment of the debt after delivery of the goods or services. The company is at risk to the extent that a customer may be unable to pay the debt on the specified due date. This risk is mitigated by maintaining strong on-going customer relationships and closely monitoring outstanding debts from all sources.
Supreme Care Services Limited
Strategic Report for the Year Ended 31 May 2025
Interest rate risk
The company finances its operations through a mixture of working capital, and other borrowings. At present, given the size and nature of the company's operations, all bank borrowings are at floating rates. It is company policy to ensure that sufficient resources are available from cash balances, cash flows and near cash liquid investments to ensure all obligations can be met when they fall due, and to invest in cash assets safely and profitably.
Future developments
The principal activity and trading performance of the company is expected to remain consistent for the foreseeable future.
Summary
The board continuously monitor and respond to changes in the company's risk environment, so ensuring that the company remains well placed to address operational, reputational, financial and business risks in a timely and appropriate manner.
Approved by the
.........................................
Director
Supreme Care Services Limited
Director's Report for the Year Ended 31 May 2025
The director presents her report and the financial statements for the year ended 31 May 2025.
Director of the company
The director who held office during the year was as follows:
Director's liabilities
As permitted by the Articles of Association, the Directors have the benefit of an indemnity which is a qualifying third party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force.
Employment of disabled persons
The company gives full consideration to applications for employment from disabled persons where the candidate’s particular aptitudes and abilities are consistent with adequately meeting the requirements of the job. Opportunities are available to disabled employees for training, career development and promotion.
Where existing employees become disabled, it is the company’s policy to provide continuing employment wherever practicable in the same or an alternative position and to provide appropriate training to achieve this aim.
Employee involvement
The company's policy is to consult and discuss with employees, through meetings, on matters likely to affect employees' interests.
Information on matters of concern to employees is communicated internally to achieve a common awareness of the financial and economic factors affecting the performance of the company. Regular meetings are also held between local management and employees to allow a free flow of information and ideas.
Disclosure of information to the auditor
The director has taken steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that she knows of and of which she knows the auditors are unaware.
Information included in the Strategic Report
The company has chosen in accordance with s.414C(11) Companies Act 2006 to set out in the company's Strategic Report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the Director's Report. It has done so in respect of future developments and financial instruments.
Approved by the director on
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R Efeotor
Director
Supreme Care Services Limited
Statement of Director's Responsibilities
The director acknowledges her responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless she is 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 director is required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is 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 her to ensure that the financial statements comply with the Companies Act 2006. She is 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.
Supreme Care Services Limited
Independent Auditor's Report to the Members of Supreme Care Services Limited
for the Year Ended 31 May 2025
Opinion
We have audited the financial statements of Supreme Care Services Limited (the 'company') for the year ended 31 May 2025, which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, Statement of Cash Flows, 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 31 May 2025 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 Auditor’s 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 director's 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 director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Supreme Care Services Limited
Independent Auditor's Report to the Members of Supreme Care Services Limited
for the Year Ended 31 May 2025
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Director's Report has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our 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 and the Director's Report.
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 director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities (set out on page 6), the director is 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 director determines is 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 director is 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 director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s 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 an auditor’s report 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.
Supreme Care Services Limited
Independent Auditor's Report to the Members of Supreme Care Services Limited
for the Year Ended 31 May 2025
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the company and the industry in which it operates, we determined that the principle risks of non-compliance with laws and regulations related to the reporting framework (FRS 102 and the Companies Act 2006) and UK corporate taxation laws and health and safety legislation and compliance with the Care Quality Commission (CQC) and data protection legislation. These risks were communicated to our audit team and we remained alert to any indications of non-compliance throughout our audit.
We understood how the company is complying with relevant legislation by making enquiries of management. We also considered the results of our audit procedures and to what extent these corroborate this understanding and assessed the susceptibility of the company's financial statements to material misstatement. This included consideration of how fraud might occur and evaluation of management's incentives and opportunities for fraudulent manipulation of the financial statements.
We designed our audit procedures to identify any non-compliance with laws and regulations. Such procedures included, but were not limited to, inspection of any regulatory or legal correspondence; challenging assumptions and judgements made by management; identifying and testing journal entries with a focus on large or unusual transactions as determined based on our understanding of the business; and identifying and assessing the effectiveness of controls in place to prevent and detect fraud.
Owing to the inherent limitations of an audit, there remains a risk that a material misstatement may not have been detected, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance with laws and regulations and cannot be expected to detect all instances of non-compliance.
The primary responsibility for the detection and prevention of fraud rests with those responsible for governance and management. The further removed non-compliance with laws and regulations is from the events reflected in the financial statements, the less likely the auditor will become aware of it.
The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission, misrepresentation or forgery.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Supreme Care Services Limited
Independent Auditor's Report to the Members of Supreme Care Services Limited
for the Year Ended 31 May 2025
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 an auditor’s report 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.
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For and on behalf of
130 Shaftesbury Avenue
W1D 5AR
Supreme Care Services Limited
Statement of Income and Retained Earnings for the Year Ended 31 May 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Other operating income |
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Fair value adjustment to investment property |
- |
- |
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Operating profit |
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Other interest receivable and similar income |
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Interest payable and similar charges |
( |
( |
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(48,533) |
(41,063) |
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Profit before tax |
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Taxation |
( |
( |
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Profit for the financial year |
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Retained earnings brought forward |
3,853,270 |
4,435,971 |
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Dividends paid |
( |
( |
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Retained earnings carried forward |
3,369,224 |
3,853,270 |
Supreme Care Services Limited
Statement of Financial Position as at 31 May 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
|||
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Approved and authorised by the
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R Efeotor
Director
Company registration number: 03570491
Supreme Care Services Limited
Statement of Cash Flows for the Year Ended 31 May 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Profit on disposal of tangible assets |
( |
( |
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Finance income |
( |
( |
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Finance costs |
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Income tax expense |
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Working capital adjustments |
|||
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Increase in debtors |
( |
( |
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(Decrease)/increase in creditors |
( |
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Cash generated from operations |
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Income taxes paid |
- |
( |
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Net cash flow from operating activities |
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Cash flows from investing activities |
|||
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Interest received |
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Acquisitions of tangible assets |
( |
( |
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Proceeds from sale of tangible assets |
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Net cash flows from investing activities |
( |
( |
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Cash flows from financing activities |
|||
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Interest paid |
( |
( |
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Capital advances/(repayments) of bank loans |
( |
( |
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Payments to finance lease creditors |
( |
- |
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Dividends paid |
( |
( |
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Net cash flows from financing activities |
( |
( |
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Net (decrease)/increase in cash and cash equivalents |
( |
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Cash and cash equivalents at 1 June |
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Cash and cash equivalents at 31 May |
72,896 |
687,772 |
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Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of domiciliary care services.
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Accounting policies |
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
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.
Going concern
The company made a profit for the year ended 31 May 2025 and had net assets at that date of £3,370,224 including cash at bank of £72,896.
The company has an extensive pipeline of contracts with local authorities and the director is confident that the company will continue to be profitable in the forthcoming year. The company’s CQC rating has also sustained their appeal for new framework contracts.
The company operates in the care sector which remains in high demand and with the resources and experience that the company has together with the pro-active actions being taken, the company is well positioned to weather the current economic uncertainty.
On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported, These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:.
Fair value of investment properties
Investment properties are held at fair value. The director exercises judgement to determine the fair value of investment properties.
Useful economic lives of tangible assets
Tangible fixed assets are depreciated to their estimated residual values over their estimated useful lives. The company exercises judgement to determine these useful lives and residual values.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax. Revenues are recognised in the period to which they relate, as services are performed when the company has a right to consideration.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
Tax
The tax expense for the period comprises tax and deferred tax. Tax is recognised in profit or loss, except that a charge 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.
Tangible assets
Tangible assets are stated in the statement of financial position 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:
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Asset class |
Depreciation method and rate |
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Fixtures, Fittings and Equipment |
25% straight line |
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Motor Vehicles |
20% straight line or over length of the lease |
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Leasehold Improvements |
20% straight line or over length of the lease |
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Computer Equipment |
33% straight line |
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Freehold Property |
5% straight line |
Investment property
Investment properties where fair value can be measured reliably are measured at fair value. Changes in fair value are recognised in profit or loss.
Fair value is derived from the current market for comparable real estate using observable market prices, adjusted if necessary for any differences in the nature, location and condition of the specific asset.
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.
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
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 income statement 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.
Operating leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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.
Financial instruments
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
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Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
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2025 |
2024 |
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Rendering of services |
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Other operating income |
The analysis of the company's other operating income for the year is as follows:
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2025 |
2024 |
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Government grants |
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Rental income |
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Operating profit |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Depreciation expense |
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Profit on disposal of property, plant and equipment |
( |
( |
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Impairment of trade debtors |
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Other interest receivable and similar income |
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2025 |
2024 |
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Interest income on bank deposits |
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|
Other finance income |
|
|
|
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest on obligations under hire purchase contracts |
|
- |
|
Other interest payable |
|
- |
|
|
|
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
|
Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the company during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
Operational |
|
|
|
|
|
|
Director's remuneration |
The director's remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
87,130 |
76,938 |
|
Auditor's remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
|
Taxation |
Tax charged/(credited) in the income statement
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
|
- |
|
233,082 |
317,737 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
( |
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Effect of revenues exempt from taxation |
( |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Tax increase/(decrease) from other short-term timing differences |
|
|
|
Tax increase from transfer pricing adjustments |
|
|
|
(Decrease)/increase in UK current tax from adjustment for prior periods |
|
- |
|
Total tax charge |
|
|
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
Deferred tax
Deferred tax assets and liabilities
|
2025 |
Liability |
|
Fair value uplift of investment property |
|
|
Effect of capital allowances |
( |
|
|
|
2024 |
Liability |
|
Fair value uplift of investment property |
|
|
Effect of capital allowances |
( |
|
|
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
|
Tangible assets |
|
Freehold property |
Fixtures, fittings and equipment |
Motor vehicles |
Leasehold improvements |
Computer equipment |
Total |
|
|
Cost or valuation |
||||||
|
At 1 June 2024 |
|
|
|
|
|
|
|
Additions |
- |
|
|
- |
|
|
|
Disposals |
- |
- |
( |
- |
- |
( |
|
At 31 May 2025 |
|
|
|
|
|
|
|
Depreciation |
||||||
|
At 1 June 2024 |
- |
|
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
|
Eliminated on disposal |
- |
- |
( |
- |
- |
( |
|
At 31 May 2025 |
- |
|
|
|
|
|
|
Carrying amount |
||||||
|
At 31 May 2025 |
|
|
|
|
|
|
|
At 31 May 2024 |
|
|
|
|
|
|
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
Assets held under hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under hire purchase contracts:
|
2025 |
2024 |
|
|
Motor Vehicles |
110,962 |
- |
|
Investment properties |
|
2025 |
|
|
At 1 June 2024 |
|
|
At 31 May 2025 |
|
Investment properties are held at the Director's valuation.
|
Debtors |
|
2025 |
2024 |
|
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
Prepayments and accrued income |
|
|
|
Total current trade and other debtors |
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
Included within 'Other payables' is an amount of £1,043,882 (2024: £807,143) in respect of a bank factoring facility secured by way of both a fixed and floating charge over the assets and undertakings of the company.
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
|
Loans and borrowings |
Current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
|
|
|
Hire purchase contracts |
|
- |
|
|
|
|
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
|
|
|
Hire purchase contracts |
|
- |
|
|
|
|
Included within Non-current loans and borrowings is an amount of £148,112 (2024: £171,574) in respect of liabilities payable or repayable in instalments which fall due for payment after more than 5 years from the reporting date.
The bank loans are secured by way of fixed and floating charges over the company's assets. Hire purchase liabilities are secured on the assets concerned.
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 June 2024 |
|
|
|
Additional provisions |
( |
( |
|
At 31 May 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,000 |
|
1,000 |
|
Reserves |
Profit and loss account - This reserve records retained earnings and accumulated losses. Of the amounts standing to the credit of the profit and loss account at an amount of £836,717 (2024: £836,717) is undistributable in accordance with Companies Act 2006.
|
Obligations under leases and hire purchase contracts |
Hire purchase
Obligations under hire purchase contracts are as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
- |
|
Later than one year and not later than five years |
|
- |
|
|
- |
Net obligations under hire purchase contracts are secured on the assets concerned.
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
The above commitments relate to property leases.
Supreme Care Services Limited
Notes to the Financial Statements for the Year Ended 31 May 2025
|
Dividends |
Interim dividends paid
|
2025 |
2024 |
|||
|
Interim dividend on ordinary shares |
750,000 |
1,300,000 |
||
All dividends were paid to the director.
|
Analysis of changes in net debt |
|
At 1 June 2024 |
Cash flows |
Other |
At 31 May 2025 |
|
|
Cash and cash equivalents |
||||
|
Cash |
687,772 |
(614,876) |
- |
72,896 |
|
Borrowings |
||||
|
Bank loans |
(667,620) |
83,953 |
- |
(583,667) |
|
Hire purchase liabilities |
- |
4,601 |
(87,542) |
(82,941) |
|
(667,620) |
88,554 |
(87,542) |
(666,608) |
|
|
|
( |
( |
( |
|
|
|
||||
|
Related party transactions |
At 31 May 2025 an amount of £1,021,865 was owed from a company under the common control of the director (2024: £994,803). During the year, rental income of £60,090 (2024: £60,090) was received from a company under common control of the director.
During the year ended 31 May 2025 amounts totalling £Nil were paid to an individual related to the director for services provided (2024: £27,336).
|
Transactions with directors |
At 31 May 2025 an amount of £Nil (2024: £285,103) was due from the director. Advances of £Nil (2024: £413,328) and repayments of £288,934 (2024: £922,449) were made during the year. Interest is payable to the company at 2.25% per annum, amounting to £3,831 (2024: £8,549). There are no set repayment terms.