VERMUYDEN CARE LIMITED

Company Registration Number:
12362468 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

VERMUYDEN CARE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

VERMUYDEN CARE LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 7,389 9,057
Total fixed assets: 7,389 9,057
Current assets
Debtors:   84,298 78,237
Cash at bank and in hand: 7,070 1,658
Total current assets: 91,368 79,895
Creditors: amounts falling due within one year: 4 (253,917) (223,480)
Net current assets (liabilities): (162,549) (143,585)
Total assets less current liabilities: (155,160) (134,528)
Creditors: amounts falling due after more than one year: 5 (43,790) (45,934)
Total net assets (liabilities): (198,950) (180,462)
Capital and reserves
Called up share capital: 201 201
Profit and loss account: (199,151) (180,663)
Shareholders funds: (198,950) (180,462)

The notes form part of these financial statements

VERMUYDEN CARE LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 March 2023
and signed on behalf of the board by:

Name: G STapleton
Status: Director

The notes form part of these financial statements

VERMUYDEN CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discountsand value added taxes. Turnover includes revenue earned from the sale of goods and from therendering of services. Turnover from the sale of goods is recognised when the significant risksand rewards of ownership of the goods have transferred to the buyer. Turnover from the renderingof services is recognised by reference to the stage of completion of the contract. The stage ofcompletion of a contract is measured by comparing the costs incurred for work performed to dateto the total estimated contract costs

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulativeimpairment 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 itsexpected useful life, as follows:Fixtures, fittings, tools and equipment over 5 years

Other accounting policies

DEBTORSShort term debtors are measured at transaction price (which is usually the invoice price), less anyimpairment losses for bad and doubtful debts. Loans and other financial assets are initiallyrecognised at transaction price including any transaction costs and subsequently measured atamortised cost determined using the effective interest method, less any impairment losses for badand doubtful debts.CREDITORSShort term creditors are measured at transaction price (which is usually the invoice price). Loansand other financial liabilities are initially recognised at transaction price net of any transaction costsand subsequently measured at amortised cost determined using the effective interest method.TAXATIONA current tax liability is recognised for the tax payable on the taxable profit of the current and pastperiods. A current tax asset is recognised in respect of a tax loss that can be carried back torecover tax paid in a previous period. Deferred tax is recognised in respect of all timing differencesbetween the recognition of income and expenses in the financial statements and their inclusion intax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to theextent that it is probable that they will be recovered against the reversal of deferred tax liabilities orother future taxable profits. Deferred tax is measured using the tax rates and laws that have beenenacted or substantively enacted by the reporting date and that are expected to apply to thereversal of the timing difference, except for revalued land and investment property where the taxrate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities arenot discounted.ProvisionsProvisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligationat the reporting date as a result of a past event, it is probable that economic benefit will betransferred to settle the obligation and the amount of the obligation can be estimated reliably.Foreign currency translationTransactions in foreign currencies are initially recognised at the rate of exchange ruling at the dateof the transaction. At the end of each reporting period foreign currency monetary items aretranslated at the closing rate of exchange. Non-monetary items that are measured at historicalcost are translated at the rate ruling at the date of the transaction. All differences are charged toprofit or loss.PENSIONSContributions to defined contribution plans are expensed in the period to which they relate.

VERMUYDEN CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 30 25

VERMUYDEN CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 13,066
At 31 December 2022 13,066
Depreciation
At 01 January 2022 4,009
Charge for year 1,668
At 31 December 2022 5,677
Net book value
At 31 December 2022 7,389
At 31 December 2021 9,057

VERMUYDEN CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2022 2021 £ £Bank loans and overdrafts - 28,487Trade creditors 4,424 8,130Taxation and social security costs 224,460 158,972Other creditors 25,033 27,891 253,917 223,480

VERMUYDEN CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after one year 2022 2021 £ £Bank loans 43,428 45,572Other creditors 362 362 43,790 45,934