Company Registration No. 09027701 (England and Wales)
EASY LIVING CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
EASY LIVING CARE LIMITED
COMPANY INFORMATION
Directors
Mrs S Mercy
Miss R Mercy
Company number
09027701
Registered office
21 Bampton Street
Tiverton
Devon
EX16 6AA
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
Business address
4A Oaklands Court
Tiverton Business Park
Tiverton
Devon
United Kingdom
EX16 6TG
EASY LIVING CARE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EASY LIVING CARE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
871,247
863,344
Current assets
Stocks
5,000
5,000
Debtors
5
108,430
96,893
Cash at bank and in hand
104,592
256,535
218,022
358,428
Creditors: amounts falling due within one year
6
(208,174)
(230,315)
Net current assets
9,848
128,113
Total assets less current liabilities
881,095
991,457
Creditors: amounts falling due after more than one year
7
(398,281)
(408,794)
Provisions for liabilities
(45,608)
(44,107)
Net assets
437,206
538,556
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
437,106
538,456
Total equity
437,206
538,556
EASY LIVING CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 19 October 2023 and are signed on its behalf by:
Mrs S Mercy
Director
Company Registration No. 09027701
EASY LIVING CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Easy Living Care Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover represents the total value of fees receivable for the year, namely for the provision of professional care services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
No depreciation
Fixtures, fittings & equipment
15% Reducing balance
Computer equipment
3 Years straight line
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.6
Financial instruments

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 other administrative expenses.

EASY LIVING CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 106 (2022 - 116).

3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
20,000
Amortisation and impairment
At 1 April 2022 and 31 March 2023
20,000
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
EASY LIVING CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
4
Tangible fixed assets
Land and buildings Freehold
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2022
757,447
112,770
17,903
89,921
978,041
Additions
-
0
-
0
-
0
59,028
59,028
Disposals
-
0
-
0
-
0
(50,937)
(50,937)
At 31 March 2023
757,447
112,770
17,903
98,012
986,132
Depreciation and impairment
At 1 April 2022
-
0
50,222
17,903
46,572
114,697
Depreciation charged in the year
-
0
9,382
-
0
20,212
29,594
Eliminated in respect of disposals
-
0
-
0
-
0
(29,406)
(29,406)
At 31 March 2023
-
0
59,604
17,903
37,378
114,885
Carrying amount
At 31 March 2023
757,447
53,166
-
0
60,634
871,247
At 31 March 2022
757,447
62,548
-
0
43,349
863,344

Freehold land and buildings have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
100,298
93,185
Unpaid share capital
30
30
Other debtors
7,769
-
0
Prepayments and accrued income
333
3,678
108,430
96,893
EASY LIVING CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
40,649
35,647
Obligations under finance leases
16,809
12,648
Trade creditors
1,316
2,304
Corporation tax
15,528
26,988
Other taxation and social security
16,429
19,977
Other creditors
114,493
128,931
Accruals and deferred income
2,950
3,820
208,174
230,315
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
348,660
384,622
Other creditors
49,621
24,172
398,281
408,794
Amounts included above which fall due after five years are as follows:
Payable by instalments
206,071
242,033
8
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
70 Ordinary A shares of £1 each
70
70
30 Ordinary B shares of £1 each
30
30
100
100
2023-03-312022-04-01false19 October 2023CCH SoftwareCCH Accounts Production 2023.200Domiciliary careMrs S MercyMiss R Mercy090277012022-04-012023-03-3109027701bus:Director12022-04-012023-03-3109027701bus:Director22022-04-012023-03-3109027701bus:RegisteredOffice2022-04-012023-03-31090277012023-03-31090277012022-03-3109027701core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-3109027701core:FurnitureFittings2023-03-3109027701core:ComputerEquipment2023-03-3109027701core:MotorVehicles2023-03-3109027701core:LandBuildingscore:OwnedOrFreeholdAssets2022-03-3109027701core:FurnitureFittings2022-03-3109027701core:ComputerEquipment2022-03-3109027701core:MotorVehicles2022-03-3109027701core:CurrentFinancialInstruments2023-03-3109027701core:CurrentFinancialInstruments2022-03-3109027701core:Non-currentFinancialInstruments2023-03-3109027701core:Non-currentFinancialInstruments2022-03-3109027701core:ShareCapital2023-03-3109027701core:ShareCapital2022-03-3109027701core:RetainedEarningsAccumulatedLosses2023-03-3109027701core:RetainedEarningsAccumulatedLosses2022-03-3109027701core:ShareCapitalOrdinaryShares2023-03-3109027701core:ShareCapitalOrdinaryShares2022-03-3109027701core:LandBuildingscore:OwnedOrFreeholdAssets2022-04-012023-03-3109027701core:FurnitureFittings2022-04-012023-03-3109027701core:ComputerEquipment2022-04-012023-03-3109027701core:MotorVehicles2022-04-012023-03-31090277012021-04-012022-03-3109027701core:NetGoodwill2022-03-3109027701core:NetGoodwill2023-03-3109027701core:NetGoodwill2022-03-3109027701core:LandBuildingscore:OwnedOrFreeholdAssets2022-03-3109027701core:FurnitureFittings2022-03-3109027701core:ComputerEquipment2022-03-3109027701core:MotorVehicles2022-03-31090277012022-03-3109027701bus:PrivateLimitedCompanyLtd2022-04-012023-03-3109027701bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109027701bus:FRS1022022-04-012023-03-3109027701bus:AuditExemptWithAccountantsReport2022-04-012023-03-3109027701bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP