Registered number
05505152
H.S.L Care Ltd
Filleted Accounts
31 March 2022
H.S.L Care Ltd
Registered number: 05505152
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 3,462 4,616
Current assets
Stocks 8,150 6,120
Debtors 4 27,636 130,421
Cash at bank and in hand 178,851 2,285
214,637 138,826
Creditors: amounts falling due within one year 5 (204,050) (134,929)
Net current assets 10,587 3,897
Total assets less current liabilities 14,049 8,513
Creditors: amounts falling due after more than one year 6 (42,553) (50,000)
Provisions for liabilities (860) (860)
Net liabilities (29,364) (42,347)
Capital and reserves
Called up share capital 100 1
Profit and loss account (29,464) (42,348)
Shareholders' funds (29,364) (42,347)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Sulmhan Ahmed
Director
Approved by the board on 1 July 2022
H.S.L Care Ltd
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of domiciliary care services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 53 48
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2021 21,103
At 31 March 2022 21,103
Depreciation
At 1 April 2021 16,487
Charge for the year 1,154
At 31 March 2022 17,641
Net book value
At 31 March 2022 3,462
At 31 March 2021 4,616
4 Debtors 2022 2021
£ £
Other debtors 27,636 130,421
5 Creditors: amounts falling due within one year 2022 2021
£ £
Corporation tax 12,852 15,450
Other taxes and social security costs 88 88
Accruals and deferred income 125,313 26,212
Directors' account 5,622 -
Other creditors 60,175 93,179
204,050 134,929
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 42,553 50,000
7 Other information
H.S.L Care Ltd is a private company limited by shares and incorporated in England. Its registered office is:
960 Kingsway
East Didsbury
Manchester
England
M19 5WR
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