REGISTERED NUMBER: 11330230 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 April 2023

for

Tavistock and Tamar Valley Home Care

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Roddy

Mrs L D Roddy

REGISTERED OFFICE:

Kilworthy Park

Tavistock

Devon

PL19 0BZ

REGISTERED NUMBER:

11330230 (England and Wales)

ACCOUNTANTS:

Bromhead

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Intangible assets

4

24,208

29,021

Tangible assets

5

15,216

22,316

39,424

51,337

CURRENT ASSETS

Debtors

6

135,890

119,853

Cash at bank and in hand

77,928

94,035

213,818

213,888

CREDITORS

Amounts falling due within one year

7

139,713

161,244

NET CURRENT ASSETS

74,105

52,644

TOTAL ASSETS LESS CURRENT LIABILITIES

113,529

103,981

CREDITORS

Amounts falling due after more than one year

8

(21,822

)

(43,361

)

PROVISIONS FOR LIABILITIES

(2,985

)

(4,798

)

NET ASSETS

88,722

55,822

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

88,712

55,812

88,722

55,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:

M P Roddy - Director

Mrs L D Roddy - Director

1.	STATUTORY INFORMATION

Tavistock and Tamar Valley Home Care Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents fee income received for services. Income is recognised in the period in which the service is carried out.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 79 (2022 - 84 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2022

and 30 April 2023

48,126

AMORTISATION

At 1 May 2022

19,105

Charge for year

4,813

At 30 April 2023

23,918

NET BOOK VALUE

At 30 April 2023

24,208

At 30 April 2022

29,021

A franchise was purchased in 2018 and the right to provide care services in additional postcodes was purchased in April 2021. These costs are amortised evenly over the estimated useful life of 10 years.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

34,269

Additions

183

Disposals

(2,100

)

At 30 April 2023

32,352

DEPRECIATION

At 1 May 2022

11,953

Charge for year

6,443

Eliminated on disposal

(1,260

)

At 30 April 2023

17,136

NET BOOK VALUE

At 30 April 2023

15,216

At 30 April 2022

22,316

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

118,661

97,934

Other debtors

17,229

21,919

135,890

119,853

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans and overdrafts

21,854

23,088

Trade creditors

2,138

1,973

Taxation and social security

35,617

26,445

Other creditors

80,104

109,738

139,713

161,244

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans

21,822

43,361

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.23

30.4.22

£

£

Within one year

35,936

37,767

Between one and five years

87,926

95,747

123,862

133,514

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23

30.4.22

£

£

M P Roddy and Mrs L D Roddy

Balance outstanding at start of year

10,345

(806

)

Amounts advanced

48,750

42,651

Amounts repaid

(59,719

)

(31,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(624

)

10,345

The above directors' loan is interest free and repayable on demand.