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Company registration number:
09399847
Homelea Care Services Ltd
Unaudited Filleted Financial Statements for the year ended
31 January 2022
G&T Accountancy Services Limited
Chartered Accountants
Unit 1b Denby Dale Business Park, Wakefield Road, Huddersfield, West Yorkshire, HD8 8QH, United Kingdom
Homelea Care Services Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Homelea Care Services Ltd
Year ended
31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Homelea Care Services Ltd
for the year ended
31 January 2022
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Homelea Care Services Ltd
, as a body, in accordance with the terms of our engagement letter dated 5 February 2021. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Homelea Care Services Ltd
and state those matters that we have agreed to state to the Board of Directors of
Homelea Care Services Ltd
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Homelea Care Services Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Homelea Care Services Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Homelea Care Services Ltd
. You consider that
Homelea Care Services Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Homelea Care Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
G&T Accountancy Services Limited
Chartered Accountants
Unit 1b Denby Dale Business Park
Wakefield Road
Huddersfield
West Yorkshire
HD8 8QH
United Kingdom
Date:
7 September 2022
Homelea Care Services Ltd
Statement of Financial Position
31 January 2022
20222021
Note££
Fixed assets    
Tangible assets 5
318,527
 
326,771
 
Current assets    
Debtors 6
4,590
 
10,912
 
Cash at bank and in hand
70,368
 
42,371
 
74,958
 
53,283
 
Creditors: amounts falling due within one year 7
(37,946
)
(111,540
)
Net current assets/(liabilities)
37,012
 
(58,257
)
Total assets less current liabilities 355,539   268,514  
Provisions for liabilities
(55,654
)
(60,297
)
Net assets
299,885
 
208,217
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
299,785
 
208,117
 
Shareholders funds
299,885
 
208,217
 
For the year ending
31 January 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
7 September 2022
, and are signed on behalf of the board by:
Mr C Johnson
Director
Company registration number:
09399847
Homelea Care Services Ltd
Notes to the Financial Statements
Year ended
31 January 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 1b Denby Dale Industrial Park, Wakefield Road
,
Denby Dale
,
Huddersfield
,
West Yorkshire
,
HD8 8QH
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
2% Reducing Balance
Plant and machinery
33% straight line
Fixtures and fittings
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
23
(2021:
23.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 February 2021
347,136
 
106,524
 
453,660
 
Additions -  
4,490
 
4,490
 
At
31 January 2022
347,136
 
111,014
 
458,150
 
Depreciation      
At
1 February 2021
33,223
 
93,666
 
126,889
 
Charge
6,291
 
6,443
 
12,734
 
At
31 January 2022
39,514
 
100,109
 
139,623
 
Carrying amount      
At
31 January 2022
307,622
 
10,905
 
318,527
 
At 31 January 2021
313,913
 
12,858
 
326,771
 

6 Debtors

20222021
££
Trade debtors
4,590
 
10,912
 

7 Creditors: amounts falling due within one year

20222021
££
Trade creditors -  
667
 
Taxation and social security
27,368
 
3,193
 
Other creditors
10,578
 
107,680
 
37,946
 
111,540
 

9 Controlling party

The company was not under the control of any one individual throughout the current or previous year.