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Registered number: 07584572
Assisted Lives Ltd
Strategic Report, Director's Report and
Financial Statements
For The Year Ended 31 March 2025
Assisted Lives Ltd
Contents
Contents

| Page
--- | ---
Company Information | 1
Strategic Report | 2
Director's Report | 3—4
Independent Auditor's Report | 5—7
Income Statement | 8
Statement of Financial Position | 9
Statement of Changes in Equity | 10
Notes to the Financial Statements | 11—19

Page 1
Assisted Lives Ltd
Company Information
For The Year Ended 31 March 2025
Company Information

Director | Mr Tariq Ahmed
Company Number | 07584572
Registered Office | 1st Floor, Auburn House
| 42 Upper Piccadilly
| Bradford
| BD1 3NU
Auditors | Meer & Co. Chartered Accountants
| No.1 Cochrane House
| Admirals Way, Canary Wharf
| London
| E14 9UD

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Assisted Lives Ltd
Strategic Report
For The Year Ended 31 March 2025
Strategic Report
The director presents his strategic report for the year ended 31 March 2025.
Principal Activity
Assisted Lives Ltd is engaged in the provision of domiciliary care services primarily delivered under contracts with local authorities and NHS bodies. Its operations are regulated by the Care Quality Commission (CQC), ensuring that all services meet essential standards of quality and safety.
Review of the Business
The company experienced significant growth during the period, with turnover rising to approximately £16.26 million, compared to £12.67 million in the prior period. This increase was driven by the expansion of care delivery hours, the successful acquisition of additional contracts with commissioning bodies and an increase in specialist care services provided, including children's care.
Although turnover increased by approximately 28% during the year, operating profit remained broadly consistent at approximately £3 million. Profit after tax was £2.28 million, compared with £2.34 million in the previous year. While revenue growth was strong, overall profitability remained stable, reflecting the corresponding increase in employee and subcontractor costs incurred to support the higher level of trading activity.
The current year's expenditure also included both capital and revenue costs relating to leasehold improvements.
The average number of employees during the period increased to 407, up from 340, with the majority employed in frontline caregiving roles. The company remains focused on sustainable growth and delivering quality care while maintaining financial discipline.
Principal Risks and Uncertainties
The management of the business and the execution of the company's strategy are subject to a number of risks. The principal risk is compliance with the regulatory and legislative framework governing the domiciliary care sector, including the requirements of the Care Quality Commission (CQC). The directors also monitor workforce resourcing and working capital to support the company's continued operations and growth.
Key Performance Indicators
The directors assess performance using a range of financial and operational indicators. Key metrics for the period included strong turnover growth, a significant increase in operating expenditure and a constant net profit with the previous year. Staff headcount and costs increased to support growing service demand, and operational capacity scaled in line with contractual commitments. Management continues to monitor performance in relation to profitability, staffing levels, client satisfaction, and regulatory compliance, all of which are central to the company’s strategic objectives.
On behalf of the board

Mr Tariq Ahmed Director
16th July 2026

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Assisted Lives Ltd
Company No. 07584572
Director's Report For The Year Ended 31 March 2025
Director's Report
The director presents his report and the financial statements for the year ended 31 March 2025.
Dividends
The value of dividends paid amounted to £4,075,751 .
The director recommended a final dividend of £NIL .
Political Donations and Expenditure
Political donations amounted to £NIL .
Political expenditure amounted to £NIL .
Charitable donations made during the year amounted to £14,508 (2024: £5,128).
Directors
The director who held office during the year were as follows:

Mr Tariq Ahmed

Statement of Director's Responsibilities
The director is responsible for preparing the Strategic Report, the Director's 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director 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 the financial statements the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- 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 them to ensure that the financial statements comply with the Companies Act 2006. He 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.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Director's Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Assisted Lives Ltd
Director's Report (continued)
For The Year Ended 31 March 2025
Independent Auditors
The auditors, Meer & Co. Chartered Accountants, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board

Mr Tariq Ahmed Director
16th July 2026

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Page 5
Independent Auditor's Report
to the Members of
Assisted Lives Ltd
Independent Auditor's Report
Opinion
We have audited the financial statements of Assisted Lives Ltd for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) 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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. 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 Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Page 5
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Independent Auditor's Report (continued)
to the Members of
Assisted Lives 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 Director's Report.
We have nothing to report in respect of the following matters in relation to which 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 or 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 Directors
As explained more fully in the Director's Responsibilities Statement set out on page 3—4, 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 determine 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 directors either intend 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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory framework applicable to the entity and how the entity complying with that framework.
- This Companies Act 2006, and the regulatory requirements of bodies overseeing domiciliary care services, such as the Care Quality Commission are of significance in the context of the entity.
- We consider that engagement team collectively had the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations.
- The audit team identified particular areas that are susceptible to misstatement as part of their fraud discussion which included revenue recognition and payroll costs.
- Enquiry of management and those charged with governance around actual and potential litigation and claims;
- Enquiry of entity staff in compliance functions to identify any instances of non-compliance with laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable 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 www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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 that 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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Independent Auditor's Report (continued)
to the Members of
Assisted Lives Ltd

Haroon Rafique (Senior Statutory Auditor) for and on behalf of Meer & Co. Chartered Accountants , Statutory Auditor
16th July 2026
Meer & Co. Chartered Accountants No.1 Cochrane House Admirals Way, Canary Wharf London E14 9UD

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Assisted Lives Ltd
Income Statement
For The Year Ended 31 March 2025
Income Statement

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER | 3 | 16,256,656 |  | 12,667,459
Cost of sales |  | (10,435,007 ) |  | (8,074,428 )
GROSS PROFIT |  | 5,821,649 |  | 4,593,031
Administrative expenses |  | (2,808,272 ) |  | (1,728,964 )
Other operating income |  | 69,918 |  | 228,854
OPERATING PROFIT | 5 | 3,083,295 |  | 3,092,921
Loss on disposal of fixed assets |  | (1,974 ) |  | -
Other interest receivable and similar income | 10 | 59,137 |  | 34,000
Interest payable and similar charges | 11 | (59,037 ) |  | (7,329 )
PROFIT BEFORE TAXATION |  | 3,081,421 |  | 3,119,592
Tax on Profit | 12 | (796,709 ) |  | (782,813 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 2,284,712 |  | 2,336,779

All activity for 2025 and 2024 is from continuing operations.
There were no recognised gains and losses for 2025 and 2024 other than those included in the income statement, as such a statement of other comprehensive income has not been presented.
The notes on pages 11 to 19 form part of these financial statements.
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Assisted Lives Ltd
Statement of Financial Position
As At 31 March 2025
Statement of Financial Position

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 13 |  | 308,787 |  | 227,804
|  |  | 308,787 |  | 227,804
CURRENT ASSETS
Debtors | 14 | 1,257,482 |  | 1,265,382 |
Cash at bank and in hand |  | 4,024,070 |  | 6,011,912 |
|  | 5,281,552 |  | 7,277,294 |
Creditors: Amounts Falling Due Within One Year | 15 | (1,892,530 ) |  | (2,061,055 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 3,389,022 |  | 5,216,239
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,697,809 |  | 5,444,043
Creditors: Amounts Falling Due After More Than One Year | 16 |  | (77,187 ) |  | (83,679 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (51,297 ) |  | -
NET ASSETS |  |  | 3,569,325 |  | 5,360,364
CAPITAL AND RESERVES
Called up share capital | 18 |  | 4 |  | 4
Income Statement |  |  | 3,569,321 |  | 5,360,360
SHAREHOLDERS' FUNDS |  |  | 3,569,325 |  | 5,360,364

On behalf of the board

Mr Tariq Ahmed Director
16th July 2026

The notes on pages 11 to 19 form part of these financial statements.
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Assisted Lives Ltd
Statement of Changes in Equity
For The Year Ended 31 March 2025
Statement of Changes in Equity

| Share Capital | Income Statement | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 April 2023 | 4 | 3,125,614 | 3,125,618
Profit for the year and total comprehensive income | - | 2,336,779 | 2,336,779
Dividends paid | - | (102,033) | (102,033)
As at 31 March 2024 and 1 April 2024 | 4 | 5,360,360 | 5,360,364
Profit for the year and total comprehensive income | - | 2,284,712 | 2,284,712
Dividends paid | - | (4,075,751) | (4,075,751)
As at 31 March 2025 | 4 | 3,569,321 | 3,569,325

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Assisted Lives Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Assisted Lives Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07584572 . The registered office is 1st Floor, Auburn House, 42 Upper Piccadilly, Bradford, BD1 3NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions
The company has taken advantage of the following disclosure exemptions 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 and Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44, 11.45, 11.47, 11.48 (a) (iii), 11.48 (a) (iv), 11.48 (b) and 11.48 (c);
- the requirements of Section 12 Other Financial Instruments Issues paragraphs 12.27, 12.29 (a), 12.29 (b), 12.29A and 12.30;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

Copies of the consolidated financial statements of Assisted Lives Holdings Ltd are available from the registered office of the parent company and from Companies House.
2.3. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The company therefore continues to adopt the going concern basis in preparing its financial statements.
2.4. Significant judgements and estimations
In preparing financial statements, management has to make judgements on how to apply the Company's accounting policies and make estimates about the future. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that believed to be reasonable under the circumstances. Actual results may differ from these estimates.
The key judegements made in the preparation of these financial statements were:

- Useful economic life of leasehold improvements:
  The directors have exercised judgement in determining the useful economic life of leasehold improvements. Although a two-year lease was entered into after the reporting date, the directors expect the company to continue occupying the premises beyond the initial lease term and have depreciated the assets over their estimated useful economic lives.
- Capitalisation of property expenditure:
  Judgement has been exercised in determining whether expenditure incurred on leased premises should be capitalised as leasehold improvements or recognised as repairs and maintenance.

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Assisted Lives Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.5. Turnover
Turnover represents the fair value of consideration receivable for the provision of domiciliary care and related support services, net of discounts, rebates, refunds and value added tax where applicable.
The company derives revenue from a range of service lines, including contracts with local authorities, NHS and Trusts, specialist care services and private service users. Revenue is recognised as the related care services are provided, when the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, and the stage of completion can be measured reliably, in accordance with Section 23 of FRS 102.
Income relating to services provided but not yet invoiced at the reporting date is recognised as accrued income where recovery is considered probable. Amounts received in advance of providing services are recognised as deferred income and released to turnover as the related services are delivered.
Where contracts are subject to reconciliation, retrospective adjustments or clawback provisions, turnover is recognised only to the extent that it is probable that the company will be entitled to the consideration.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 15% reducing balance
Motor Vehicles | 20% reducing balance
Fixtures & Fittings | 15% reducing balance
Computer Equipment | 25% reducing balance

2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged to the income statement on a straight-line basis over the lease term, unless another systematic basis is more representative of the time pattern of the user’s benefit.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Financial Instruments
Financial instruments are classified based on the substance of the contractual arrangement as financial assets, financial liabilities, or equity instruments. An equity instrument is a contract evidencing a residual interest in the company’s net assets. Where shares issued contain a financial liability component, that element is presented as a liability, and related dividends are recognised as interest expense.
Financial assets and liabilities are initially measured at transaction price, including transaction costs, unless classified as at fair value through profit or loss, in which case they are measured at fair value excluding transaction costs. Where the arrangement is a financing transaction, measurement is based on the present value of future payments, discounted at a market rate of interest for a similar instrument.
Assets not measured at fair value are reviewed for indicators of impairment at each balance sheet date. An impairment loss is recognised in profit or loss when there is objective evidence that an asset’s recoverable amount is lower than its carrying value. The recoverable amount is the higher of fair value less costs to sell and value in use.
If indicators suggest a previously recognised impairment loss may have decreased, the asset is reassessed. A reversal is recognised only to the extent that it restores the asset’s carrying amount to the level it would have been at had no impairment loss been recognised.
For financial assets measured at amortised cost, impairment is the difference between the carrying amount and the present value of estimated future cash flows, discounted at the asset’s original effective interest rate. For assets measured at cost less impairment, the impairment is based on the best estimate of the amount recoverable if the asset were sold at the reporting date.
...CONTINUED
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Assisted Lives Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.9. Financial Instruments - continued
Where there is objective evidence that a previously recognised impairment loss has decreased due to a subsequent event, the impairment loss may be reversed, subject to the same limits as above.
2.10. Interest Receivable
Interest income is recognised in the income statement using the effective interest method and on the accrual basis.
2.11. Interest Payable
Interest payable is charged to the income statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
2.12. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.13. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.14. Government Grant
Government grants are recognised using the performance model. Grant income is recognised when there is reasonable assurance that the company has complied with the conditions attaching to the grant and that the grant will be received. Where grants are subject to specific performance conditions, income is recognised only when those conditions have been met. Government grants are presented within operating income in the Statement of Comprehensive Income.
2.15. 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.
2.16. 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.
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Assisted Lives Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
3. Turnover
Analysis of turnover by class of business is as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Supported Living & Homecare Services | 16,256,656 |  | 12,667,459

Analysis of turnover by geographical market is as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
United Kingdom | 16,256,656 |  | 12,667,459
| 16,256,656 |  | 12,667,459

4. Other Operating Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Grant income | - |  | 139,459
Other operating income | 69,918 |  | 89,395
| 69,918 |  | 228,854

Operating income includes government grant income of £139,459 recognised during the prior year. The grant related to a care contract related subsidy provided by the local authority. No further grant income was received during the current year.
5. Operating Profit
The operating profit is stated after charging:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bad debts | - |  | 75,900
Depreciation of tangible fixed assets | 65,124 |  | 56,701

6. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 33,000 |  | -

No comparative audit remuneration is disclosed for the prior year, as the current financial year represents the company's first statutory audit engagement.
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Assisted Lives Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 9,883,010 |  | 7,298,992
Social security costs | 837,130 |  | 560,526
Other pension costs | 57,809 |  | 62,044
| 10,777,949 |  | 7,921,562

8. Average Number of Employees
Average number of employees, including directors, during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 41 |  | 40
Care & Support Workers | 366 |  | 300
| 407 |  | 340

9. Director's remuneration

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Emoluments | 12,350 |  | 12,350

There were no other key management personnel other than the director.
10. Interest Receivable and Similar Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank interest receivable | 59,137 |  | 34,000

11. Interest Payable and Similar Charges

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finance charges payable under finance leases and hire purchase contracts | 7,059 |  | 7,329
Other finance charges | 51,978 |  | -
| 59,037 |  | 7,329

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Assisted Lives Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
12. Tax on Profit

The tax charge on the profit for the year was as follows:
| Tax Rate | 2025 |  | 2024
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | 25.0% | 25.0% | 745,412 |  | 782,813
Deferred Tax
Deferred taxation | 51,297 |  | -
Total tax charge for the period | 796,709 |  | 782,813
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
| 2025 |  | 2024
| £ |  | £
Profit before tax | 3,081,421 |  | 3,119,592
Tax on profit at 25% (UK standard rate) | 770,355 |  | 779,898
Goodwill/depreciation not allowed for tax | 16,775 |  | 14,175
Capital allowances | (41,718 ) |  | (11,260 )
Deferred tax from unrecognised tax loss or credit | 51,297 |  | -
Total tax charge for the period | 796,709 |  | 782,813
Deferred tax is provided on timing differences arising between the tax bases of fixed assets and their carrying amounts in the financial statements, including those accelerated by claims for capital allowances.

13. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 April 2024 | - | 266,882 | 56,455 | 40,243 | 363,580
Additions | 106,333 | 67,995 | 10,974 | 18,600 | 203,902
Disposals | - | (108,132 ) | - | - | (108,132 )
As at 31 March 2025 | 106,333 | 226,745 | 67,429 | 58,843 | 459,350
Depreciation
As at 1 April 2024 | - | 99,687 | 22,660 | 13,429 | 135,776
Provided during the period | 15,950 | 35,479 | 6,883 | 6,812 | 65,124
Disposals | - | (50,337 ) | - | - | (50,337 )
As at 31 March 2025 | 15,950 | 84,829 | 29,543 | 20,241 | 150,563

...CONTINUED
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Assisted Lives Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025 | 90,383 | 141,916 | 37,886 | 38,602 | 308,787
As at 1 April 2024 | - | 167,195 | 33,795 | 26,814 | 227,804

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 90,716 |  | 70,400

14. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,050,590 |  | 1,040,836
Prepayments and accrued income | 58,068 |  | 222,046
Other debtors | 58,359 |  | 2,500
Amounts owed by related party | 83,828 |  | -
Amounts owed by group undertakings | 6,637 |  | -
| 1,257,482 |  | 1,265,382

15. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 8,856 |  | 3,383
Trade creditors | 89,152 |  | 23,696
Other creditors | 18,374 |  | 582,657
Corporation tax | 767,336 |  | 782,813
Taxation and social security | 208,467 |  | 143,845
Accruals and deferred income | 800,345 |  | 524,661
| 1,892,530 |  | 2,061,055

Amounts owed to group undertakings are unsecured, interest free and have no set terms for repayment.
16. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 77,187 |  | 83,679

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Assisted Lives Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
17. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 8,856 |  | 3,383
Later than one year and not later than five years | 77,187 |  | 83,679
| 86,043 |  | 87,062
| 86,043 |  | 87,062

The following amounts in respect of hire purchase contracts have been recognised in the income statement:

| 2025 |  | 2024
| £ |  | £
Interest expense on hire purchase contracts | 7,059 |  | 7,329
Depreciation | 22,679 |  | 17,600
| 30,188 |  | 24,929

18. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
4 Ordinary Shares of £ 1.00 each | 4 |  | 4

The company has one class of ordinary shares of £1 each. Each ordinary share carries one vote at general meetings and ranks equally for dividends and distributions of capital.
19. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the income statement in respect of defined contribution schemes was £57,809 (2024: £62,044).
At the statement of financial position date contributions of £17,310 (2024: £18,330) were due to the fund and are included in creditors.
20. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions between wholly owned members of the same group.
The company has entered into transactions with entities under common control and related parties. These transactions included intercompany loans, leaseholds, management fees and shared services. All transactions were conducted on normal commercial terms. The related party balances are disclosed herein:
Bright Star Children's Services LtdUnder Common ControlDuring the year, the company incurred costs on behalf of Bright Star Children’s Services Ltd amounting to £83,828. At 31 March 2025, £83,828 (2024: £Nil) was due from that company.

Bright Star Children's Services Ltd

Under Common Control

During the year, the company incurred costs on behalf of Bright Star Children’s Services Ltd amounting to £83,828. At 31 March 2025, £83,828 (2024: £Nil) was due from that company.

Vanguard Realty Management LtdUnder Common ControlDuring the year, the company occupied premises owned by Vanguard Realty Management Ltd, a related party, under a tenancy at will. No rent was charged during the year. A two-year lease was entered into on 26 May 2025.

Vanguard Realty Management Ltd

Under Common Control

During the year, the company occupied premises owned by Vanguard Realty Management Ltd, a related party, under a tenancy at will. No rent was charged during the year. A two-year lease was entered into on 26 May 2025.

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Assisted Lives Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
21. Controlling Parties
The company's immediate and ultimate parent undertaking is Assisted Lives Holdings Limited. Its registered office is 1st Floor, Auburn House, 42 Upper Piccadilly, Bradford, England, BD1 3NU .
Copies of the group accounts may be obtained from the company's registered office.
Assisted Lives Holdings Limited is owned equally by two shareholders, each holding 50% of the issued share capital and voting rights. Accordingly, there is no individual ultimate controlling party.
22. Comparative Information
Certain comparative amounts have been reclassified to conform with the presentation adopted in the current year. The principal reclassifications relate to the presentation of staff costs between cost of sales and administrative expenses, and the reclassification of certain current asset balances within the balance sheet. These reclassifications have been made to improve the presentation and comparability of the financial statements and have no effect on the previously reported profit for the year, total assets, net assets or cash flows:

- Support worker staff costs, comprising gross wages, employer's National Insurance contributions, employer pension contributions and travel expenses, totalling £7,053,437, were reclassified from administrative expenses to cost of sales to better reflect the direct costs of service delivery and present the gross margin of the business more accurately.
- Trade and other payables of £95,935 were reclassified between current liability categories to ensure the balances are presented within the appropriate liability classifications in the financial statements.
- Deferred income of £58,372 was reclassified from current assets to current liabilities to ensure the presentation of assets and liabilities in the financial statements more accurately reflects the nature of the balance.

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