Registered number
11100568
Poole Home Care Limited
Filleted Accounts
30 December 2021
Poole Home Care Limited
Registered number: 11100568
Balance Sheet
as at 30 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 654 98
Current assets
Debtors 4 85,085 57,992
Cash at bank and in hand 167,105 133,415
252,190 191,407
Creditors: amounts falling due within one year 5 (170,878) (72,153)
Net current assets 81,312 119,254
Total assets less current liabilities 81,966 119,352
Creditors: amounts falling due after more than one year 6 (35,419) (50,000)
Net assets 46,547 69,352
Capital and reserves
Called up share capital 100 100
Profit and loss account 46,447 69,252
Shareholders' funds 46,547 69,352
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.
S Sanders
Director
Approved by the board on 26 August 2022
Poole Home Care Limited
Notes to the Accounts
for the year ended 30 December 2021
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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Office equipment 25% written down value
Computer equipment 33.33% straight line
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 31 21
3 Tangible fixed assets
Office and computer equipment
£
Cost
At 31 December 2020 1,588
Additions 673
At 30 December 2021 2,261
Depreciation
At 31 December 2020 1,490
Charge for the year 117
At 30 December 2021 1,607
Net book value
At 30 December 2021 654
At 30 December 2020 98
4 Debtors 2021 2020
£ £
Trade debtors 82,810 56,592
Other debtors 2,275 1,400
85,085 57,992
5 Creditors: amounts falling due within one year 2021 2020
£ £
Non-equity preference shares 20 20
Bank loans and overdrafts 10,648 -
Amounts due to related companies 97,031 330
Taxation and social security costs 52,970 63,517
Directors' loan accounts 1,059 1,434
Other creditors 9,150 6,852
170,878 72,153
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 35,419 50,000
7 Other financial commitments 2021 2020
£ £
Total future minimum payments under non-cancellable operating leases 33,612 5,250
8 Controlling party
The company is ultimately controlled by its Directors, who between them benefically own 100% of the company's issued ordinary shares.
9 Other information
Poole Home Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
James House
40 Lagland Street
Poole
Dorset
BH15 1QG
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