General Information
Redjacket Specialist Care Ltd is a private company, limited by shares, registered in England and Wales, registration number 10286288, registration address Unit 39 Glenmore Business Park Telford Road, Salisbury, SP2 7GL.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and care services supplied by the company, net of Value Added Tax and trade discounts.
Cost of sales
The cost of sales is the accumulated total of all costs used to provide a service, which has been sold.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation for the year 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 taxation
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 year 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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles |
20% Reducing Balance
|
Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
|
2. |
Average number of employees
Average number of employees during the year was 80 (2021 : 60).
|
3. |
Tangible fixed assets
Cost or valuation |
Motor Vehicles |
|
Total |
|
£ |
|
£ |
At 01 August 2021 |
29,785 |
|
29,785 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 31 July 2022 |
29,785 |
|
29,785 |
Depreciation |
At 01 August 2021 |
4,964 |
|
4,964 |
Charge for year |
4,964 |
|
4,964 |
On disposals |
- |
|
- |
At 31 July 2022 |
9,928 |
|
9,928 |
Net book values |
Closing balance as at 31 July 2022 |
19,857 |
|
19,857 |
Opening balance as at 01 August 2021 |
24,821 |
|
24,821 |
|
4. |
Debtors: amounts falling due within one year
|
2022 £ |
|
2021 £ |
Trade Debtors |
65,248 |
|
21,685 |
Amount Owed by Group Undertakings |
0 |
|
1,751 |
Other Debtors |
5,821 |
|
6,214 |
|
71,069 |
|
29,650 |
|
5. |
Debtors: amounts falling due after one year
|
2022 £ |
|
2021 £ |
Prepayments |
1,937 |
|
391 |
|
1,937 |
|
391 |
|
6. |
Creditors: amount falling due within one year
|
2022 £ |
|
2021 £ |
Trade Creditors |
0 |
|
4,045 |
Credit Card |
3,058 |
|
2,557 |
Bank Loans & Overdrafts |
11,111 |
|
3,923 |
Corporation Tax |
62,206 |
|
35,403 |
PAYE & Social Security |
22,541 |
|
13,190 |
Pension Payable |
4,362 |
|
2,294 |
Accrued Expenses |
21,404 |
|
22,444 |
Other Creditors |
48,630 |
|
52,525 |
Wages & Salaries Control Account |
(3,166) |
|
56 |
VAT |
21,037 |
|
36,226 |
|
191,183 |
|
172,663 |
|
7. |
Creditors: amount falling due after more than one year
|
2022 £ |
|
2021 £ |
Bank Loans & Overdrafts |
31,481 |
|
46,077 |
|
31,481 |
|
46,077 |
|
8. |
Provisions for liabilities
|
2022 £ |
|
2021 £ |
Deferred Tax |
4,964 |
|
4,716 |
|
4,964 |
|
4,716 |
Particulars |
|
2022 £ |
|
2021 £ |
Deferred tax brought forward |
|
4,716 |
|
- |
Charge for the year - DT Expense in relation to the origination of timing differences |
|
(1,241) |
|
4,716 |
Opening adjustment resulting from a change in the rate of tax |
|
1,489 |
|
- |
|
9. |
Share Capital
Allotted, called up and fully paid
|
2022 £ |
|
2021 £ |
1
Ordinary share of £1.00 each |
1 |
|
1 |
1
Ordinary A share of £1.00 each |
1 |
|
0 |
|
2 |
|
1 |
|
10. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
---|
| 2022 £ | | 2021 £ | | 2022 £ | | 2021 £ |
---|
Maximus (Roma) Ltd | 0 | | 0 | | 0 | | (1,584) | Red Jacket Management Solutions Ltd | 0 | | 0 | | 0 | | (166) |
The loans are interest free with no fixed date of repayment.
|
11. |
Dividend
During the year, total dividends of £130,295 (2021 - £93,230) were paid to the directors.
|
12. |
Employee Benefits
Contributions to defined contribution pension plans are expensed in the period to which they relate.
|
3
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