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31/03/2022
2022-03-31
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No description of principal activities is disclosed
2021-04-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
07111274
2021-04-01
2022-03-31
07111274
2022-03-31
07111274
2021-03-31
07111274
2020-04-01
2021-03-31
07111274
2021-03-31
07111274
core:NetGoodwill
2021-04-01
2022-03-31
07111274
core:PlantMachinery
2021-04-01
2022-03-31
07111274
core:FurnitureFittingsToolsEquipment
2021-04-01
2022-03-31
07111274
core:MotorVehicles
2021-04-01
2022-03-31
07111274
bus:Director1
2021-04-01
2022-03-31
07111274
bus:Director2
2021-04-01
2022-03-31
07111274
bus:Director3
2021-04-01
2022-03-31
07111274
core:WithinOneYear
2022-03-31
07111274
core:WithinOneYear
2021-03-31
07111274
core:NetGoodwill
2021-03-31
07111274
core:NetGoodwill
2022-03-31
07111274
core:PlantMachinery
2021-03-31
07111274
core:FurnitureFittingsToolsEquipment
2021-03-31
07111274
core:MotorVehicles
2021-03-31
07111274
core:PlantMachinery
2022-03-31
07111274
core:FurnitureFittingsToolsEquipment
2022-03-31
07111274
core:MotorVehicles
2022-03-31
07111274
core:AfterOneYear
2022-03-31
07111274
core:AfterOneYear
2021-03-31
07111274
core:RetainedEarningsAccumulatedLosses
2022-03-31
07111274
core:RetainedEarningsAccumulatedLosses
2021-03-31
07111274
core:NetGoodwill
2021-03-31
07111274
core:PlantMachinery
2021-03-31
07111274
core:MotorVehicles
2021-03-31
07111274
bus:Director1
2021-03-31
07111274
bus:Director1
2022-03-31
07111274
bus:Director2
2021-03-31
07111274
bus:Director2
2022-03-31
07111274
bus:Director3
2021-03-31
07111274
bus:Director3
2022-03-31
07111274
bus:Director1
2021-03-31
07111274
bus:Director2
2021-03-31
07111274
bus:Director3
2021-03-31
07111274
bus:Director1
2020-04-01
2021-03-31
07111274
bus:Director2
2020-04-01
2021-03-31
07111274
bus:Director3
2020-04-01
2021-03-31
07111274
bus:SmallEntities
2021-04-01
2022-03-31
07111274
bus:AuditExempt-NoAccountantsReport
2021-04-01
2022-03-31
07111274
bus:FullAccounts
2021-04-01
2022-03-31
07111274
bus:SmallCompaniesRegimeForAccounts
2021-04-01
2022-03-31
07111274
bus:CompanyLimitedByGuarantee
2021-04-01
2022-03-31
Company registration number:
07111274
Companies House
Birmingham Supported Living (2010) Limited
Company limited by guarantee
Unaudited filleted financial statements
31 March 2022
Birmingham Supported Living (2010) Limited
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
Birmingham Supported Living (2010) Limited
Company limited by guarantee
Statement of financial position
31 March 2022
|
|
|
2022 |
|
|
|
2021 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
6 |
60,062 |
|
|
|
66,068 |
|
|
Tangible assets |
|
7 |
1,741 |
|
|
|
642 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
61,803 |
|
|
|
66,710 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
8 |
88,333 |
|
|
|
98,110 |
|
|
Cash at bank and in hand |
|
|
84,947 |
|
|
|
78,893 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
173,280 |
|
|
|
177,003 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
39,065) |
|
|
|
(
32,396) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
134,215 |
|
|
|
144,607 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
196,018 |
|
|
|
211,317 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
10 |
|
|
(
38,880) |
|
|
|
(
48,426) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
157,138 |
|
|
|
162,891 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Profit and loss account |
|
|
|
|
157,138 |
|
|
|
162,891 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Members funds |
|
|
|
|
157,138 |
|
|
|
162,891 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 May 2022
, and are signed on behalf of the board by:
Mrs A Martin
Mrs E McDonald
Director
Director
Company registration number:
07111274
Birmingham Supported Living (2010) Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2022
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, West Midlands, B16 9HN. The address of the business is 87/89A Bunbury Road, Northfield, Birmingham, B31 2ET.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity, and are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received for the provision of supported living accomodation.
Revenue is recognised upon the receipt of the consideration; 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Goodwill |
- |
5 % |
straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
20 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
straight line |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
Debtors receivable and creditors payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
4.
Limited by guarantee
The company is a company limited by guarantee without a share capital. The liability of each member is limited to £1.00.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
30
(2021:
31
).
6.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 April 2021 and 31 March 2022 |
120,122 |
120,122 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 April 2021 |
54,054 |
54,054 |
|
|
|
|
|
Charge for the year |
6,006 |
6,006 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2022 |
60,060 |
60,060 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2022 |
60,062 |
60,062 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2021 |
66,068 |
66,068 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2021 |
2,455 |
5,393 |
605 |
8,453 |
|
|
|
|
Additions |
- |
- |
1,495 |
1,495 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2022 |
2,455 |
5,393 |
2,100 |
9,948 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2021 |
2,182 |
5,393 |
236 |
7,811 |
|
|
|
|
Charge for the year |
55 |
- |
341 |
396 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2022 |
2,237 |
5,393 |
577 |
8,207 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2022 |
218 |
- |
1,523 |
1,741 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2021 |
273 |
- |
369 |
642 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Prepayments and accrued income |
|
47,455 |
61,599 |
|
Other debtors |
|
40,878 |
36,511 |
|
|
|
_______ |
_______ |
|
|
|
88,333 |
98,110 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
9,545 |
1,574 |
|
Accruals and deferred income |
|
29,520 |
27,620 |
|
Other creditors |
|
- |
3,202 |
|
|
|
_______ |
_______ |
|
|
|
39,065 |
32,396 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Creditors: amounts falling due after more than one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
38,880 |
48,426 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The bank loan and overdrafts consists of a bounce back loan received due to the covid-19 outbreak. This loan is repayable over 60 months at an interest rate of 2.5% pa and is due for repayment by January 2027.
11.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mrs A Martin |
1,000 |
- |
1,000 |
|
|
|
|
Mrs E McDonald |
1,000 |
- |
1,000 |
|
|
|
|
Mrs M Doyle |
1,000 |
- |
1,000 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
3,000 |
- |
3,000 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mrs A Martin |
- |
1,000 |
1,000 |
|
|
|
|
Mrs E McDonald |
- |
1,000 |
1,000 |
|
|
|
|
Mrs M Doyle |
- |
1,000 |
1,000 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
- |
3,000 |
3,000 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|