32
31/03/2023
2023-03-31
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No description of principal activities is disclosed
2022-04-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
06958521
2022-04-01
2023-03-31
06958521
2023-03-31
06958521
2021-04-01
2022-03-31
06958521
2022-03-31
06958521
bus:LeadAgentIfApplicable
2022-04-01
2023-03-31
06958521
bus:Director1
2022-04-01
2023-03-31
06958521
core:WithinOneYear
2023-03-31
06958521
core:WithinOneYear
2022-03-31
06958521
core:ShareCapital
2023-03-31
06958521
core:ShareCapital
2022-03-31
06958521
core:RetainedEarningsAccumulatedLosses
2023-03-31
06958521
core:RetainedEarningsAccumulatedLosses
2022-03-31
06958521
bus:SmallEntities
2022-04-01
2023-03-31
06958521
bus:Audited
2022-04-01
2023-03-31
06958521
bus:FullAccounts
2022-04-01
2023-03-31
06958521
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
06958521
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
Company registration number:
06958521
Plymouth Supported Living Limited
Filleted financial statements
31 March 2023
PLYMOUTH SUPPORTED LIVING LIMITED
STATEMENT OF FINANCIAL POSITION
31 MARCH 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
5 |
25,868 |
|
|
|
29,951 |
|
|
Cash at bank and in hand |
|
|
57,634 |
|
|
|
38,550 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
83,502 |
|
|
|
68,501 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
20,172) |
|
|
|
(
26,264) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
63,330 |
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|
|
42,237 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
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|
|
|
63,330 |
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|
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42,237 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
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|
|
_______ |
Net assets |
|
|
|
|
63,330 |
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|
|
42,237 |
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|
|
|
|
_______ |
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|
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_______ |
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|
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Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
1,000 |
|
|
|
1,000 |
Profit and loss account |
|
7 |
|
|
62,330 |
|
|
|
41,237 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
63,330 |
|
|
|
42,237 |
|
|
|
|
|
_______ |
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_______ |
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|
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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 September 2023
, and are signed on behalf of the board by:
Mrs H A Harris
Director
Company registration number:
06958521
PLYMOUTH SUPPORTED LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 207 Outland Road, Plymouth, Devon, PL2 3PF.
Principal activity
The principal activity of the company is the support and care of individuals with mental and physical disabilities.
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 in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.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.
Going concern
The Directors have prepared the financial statements on the going concern basis as, although challenging, they are confident that they can continue to operate and meet their liabilities.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at theend of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
32
(2022:
34
).
5.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
25,329 |
29,951 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
539 |
- |
|
|
|
_______ |
_______ |
|
|
|
25,868 |
29,951 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade creditors |
|
2,222 |
1,544 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
1,484 |
|
Accruals and deferred income |
|
3,480 |
17,725 |
|
Social security and other taxes |
|
14,470 |
5,511 |
|
|
|
_______ |
_______ |
|
|
|
20,172 |
26,264 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
8.
Summary audit opinion
The auditor's report for the year dated
20 September 2023
was unqualified.
The senior statutory auditor was
Adam Croney ACA
for and on behalf of
Westcotts (SW) LLP
9.
Related party transactions
At the balance sheet date, Plymouth Highbury Trust (the charity) owed the company £539 (2021 the company owed the charity: £1,484). The trustees of the charity have agreed to meet expenses on behalf of the subsidiary, in order for the subsidiary to fulfil its activities, which the trustees consider to be wholly in agreement with the charity's objectives.