Tc Operation Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12122711 (England and Wales)

Financial Statements for the Period 1 August 2024 to 31 January 2026

for

Tc Operation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Burton

Mrs E Carder

Evolve Care Group (A) Ltd

Ms T Greenwood

SPD001 Limited

REGISTERED OFFICE:

Beech House

Brotherswood Court

Almondsbury

Bristol

BS32 4QW

REGISTERED NUMBER:

12122711 (England and Wales)

AUDITORS:

Dunkley's Chartered Certified Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

BS32 4JY

FIXED ASSETS

Tangible assets

4

130,694

116,212

CURRENT ASSETS

Debtors

5

1,202,952

893,648

Cash at bank and in hand

3,768

99,580

1,206,720

993,228

CREDITORS

Amounts falling due within one year

6

886,546

917,074

NET CURRENT ASSETS

320,174

76,154

TOTAL ASSETS LESS CURRENT LIABILITIES

450,868

192,366

PROVISIONS FOR LIABILITIES

24,183

18,500

NET ASSETS

426,685

173,866

CAPITAL AND RESERVES

Called up share capital

9

1,000

Retained earnings

425,685

172,866

SHAREHOLDERS' FUNDS

426,685

173,866

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2026 and were signed on its behalf by:

R D Burton - Director

1.	STATUTORY INFORMATION

Tc Operation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Pound Sterling (£), which is also the company's functional currency. Monetary amounts in these financial statements are rounded to the nearest pound.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.

The principal areas of estimation uncertainty include the useful economic lives of tangible fixed assets, the recoverability of trade debtors and intercompany balances, and the assessment of any impairment indicators in respect of assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, in relation to the provision of care services, agency fees and ad-hoc commissions.

All of the company's revenue was generated within the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes the purchase price and any costs directly attributable to bringing the asset to the location and condition necessary for it to operate as intended.

Depreciation is charged so as to write off the cost of assets, less their estimated residual value, over their estimated useful economic lives using the straight-line method, at the following annual rate:

All tangible fixed assets 20% straight line (60 months)

Useful lives and residual values are reviewed where there is an indication of a significant change since the last reporting date. Any change is accounted for prospectively. Assets are assessed for impairment where events or changes in circumstances indicate that the carrying amount may not be recoverable.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern / group support

The financial statements have been prepared on a going concern basis. The company is dependent upon the continuing financial support of its parent undertaking and fellow group companies. The directors have received confirmation that such support will continue for the foreseeable future and have reviewed forecasts and cash flow projections covering a period of at least twelve months from the date of approval of the financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Cash and cash equivalents comprise cash at bank and in hand and short-term

Cash and Cash Equivalents

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 57 (2024 - 67 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

COST

At 1 August 2024

17,723

136,372

15,500

169,595

Additions

10,088

68,074

-

78,162

At 31 January 2026

27,811

204,446

15,500

247,757

DEPRECIATION

At 1 August 2024

5,303

45,910

2,170

53,383

Charge for period

7,634

50,466

5,580

63,680

At 31 January 2026

12,937

96,376

7,750

117,063

NET BOOK VALUE

At 31 January 2026

14,874

108,070

7,750

130,694

At 31 July 2024

12,420

90,462

13,330

116,212

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.7.24

£

Trade debtors

223,369

127,585

Amounts owed by group undertakings

965,986

747,949

Other debtors

6,745

6,904

Prepayments and accrued income

6,852

11,210

1,202,952

893,648

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.7.24

£

Trade creditors

184,930

315,266

Tax

133,237

109,531

Social security and other taxes

34,108

49,045

Other creditors

145,889

203,495

Accrued expenses

388,382

239,737

886,546

917,074

7.	SECURED DEBTS

Coutts & Company holds a debenture dated 3 July 2020, containing fixed and floating charges over all the property and undertaking of the company. The debenture secures the company's obligations under a cross-guarantee in respect of the bank borrowings of KKP Borrower Limited, a company under common control.

The company had no bank borrowings of its own at 31 January 2026 (31 July 2024: £nil). At 31 January 2026 the bank borrowings of KKP Borrower Limited secured by this debenture were £21,462,500 (31 July 2024: £23,175,000).

8.	FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Sections 11 and 12 of FRS 102 in respect of financial instruments. Basic financial assets, including trade and other debtors, amounts owed by group undertakings and cash at bank and in hand, are recognised initially at transaction price and subsequently measured at amortised cost, less any impairment. Basic financial liabilities, including trade and other creditors, accruals and amounts owed to group undertakings, are recognised initially at transaction price and subsequently measured at amortised cost. Financial assets are reviewed for indicators of impairment at each reporting date.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.7.24

value:

£

1,000

Ordinary

£1

1,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Dobbins FCA (Senior Statutory Auditor)

for and on behalf of Dunkley's Chartered Certified Accountants

11.	PENSION COMMITMENTS

During the year, the company operated a defined contribution pension scheme through an external provider.

Employer contributions to the scheme for the year totalled £45,685 (2024 - £35,220).

Accrued pension contributions outstanding at the balance sheet date totalled £5,806 (2024 - £15,223).

12.	CONTINGENT LIABILITIES

The company was not aware of any contingent liabilities at the balance sheet date.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	POST BALANCE SHEET EVENTS

Information relating to events since the end of the period is given in the notes to the financial statements.

The directors have considered events occurring between the balance sheet date and the date on which the financial statements were authorised for issue and have concluded that there are no material adjusting or non-adjusting events requiring disclosure in these financial statements.

15.	ULTIMATE CONTROLLING PARTY

The Company’s immediate and ultimate parent undertaking is SPD001 Limited, a company incorporated and registered in England and Wales (company number 12133415), with its registered office at Beech House, Brotherswood Court, Almondsbury, Bristol, BS32 4QW.

SPD001 Limited is the parent undertaking of both the smallest and the largest group of undertakings for which consolidated financial statements are prepared that include the Company. Copies of the consolidated financial statements of SPD001 Limited can be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.