Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr A R Baker 26/09/2013 Mrs M A Baker 26/09/2013 Mrs K M Hall 26/09/2013 18 October 2023 The principal activity of the company is the provision of domiciliary care services. 08708134 2023-03-31 08708134 bus:Director1 2023-03-31 08708134 bus:Director2 2023-03-31 08708134 bus:Director3 2023-03-31 08708134 2022-03-31 08708134 core:CurrentFinancialInstruments 2023-03-31 08708134 core:CurrentFinancialInstruments 2022-03-31 08708134 core:ShareCapital 2023-03-31 08708134 core:ShareCapital 2022-03-31 08708134 core:RetainedEarningsAccumulatedLosses 2023-03-31 08708134 core:RetainedEarningsAccumulatedLosses 2022-03-31 08708134 core:Goodwill 2022-03-31 08708134 core:ComputerSoftware 2022-03-31 08708134 core:Goodwill 2023-03-31 08708134 core:ComputerSoftware 2023-03-31 08708134 core:LeaseholdImprovements 2022-03-31 08708134 core:Vehicles 2022-03-31 08708134 core:FurnitureFittings 2022-03-31 08708134 core:LeaseholdImprovements 2023-03-31 08708134 core:Vehicles 2023-03-31 08708134 core:FurnitureFittings 2023-03-31 08708134 core:CurrentFinancialInstruments core:Secured 2023-03-31 08708134 bus:OrdinaryShareClass1 2023-03-31 08708134 bus:OrdinaryShareClass2 2023-03-31 08708134 bus:OrdinaryShareClass3 2023-03-31 08708134 bus:OrdinaryShareClass4 2023-03-31 08708134 2022-04-01 2023-03-31 08708134 bus:FullAccounts 2022-04-01 2023-03-31 08708134 bus:SmallEntities 2022-04-01 2023-03-31 08708134 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08708134 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08708134 bus:Director1 2022-04-01 2023-03-31 08708134 bus:Director2 2022-04-01 2023-03-31 08708134 bus:Director3 2022-04-01 2023-03-31 08708134 core:Goodwill core:TopRangeValue 2022-04-01 2023-03-31 08708134 core:ComputerSoftware core:TopRangeValue 2022-04-01 2023-03-31 08708134 core:LeaseholdImprovements core:TopRangeValue 2022-04-01 2023-03-31 08708134 core:Vehicles 2022-04-01 2023-03-31 08708134 core:FurnitureFittings 2022-04-01 2023-03-31 08708134 2021-04-01 2022-03-31 08708134 core:Goodwill 2022-04-01 2023-03-31 08708134 core:ComputerSoftware 2022-04-01 2023-03-31 08708134 core:LeaseholdImprovements 2022-04-01 2023-03-31 08708134 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 08708134 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08708134 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 08708134 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 08708134 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 08708134 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 08708134 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 08708134 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 08708134 bus:OrdinaryShareClass4 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08708134 (England and Wales)

BAY CARE DOMICILIARY CARE LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

BAY CARE DOMICILIARY CARE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

BAY CARE DOMICILIARY CARE LTD

COMPANY INFORMATION

For the financial year ended 31 March 2023
BAY CARE DOMICILIARY CARE LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mr A R Baker
Mrs M A Baker
Mrs K M Hall
SECRETARY Mrs K M Hall
REGISTERED OFFICE 7a Dartmouth Road
Paignton
TQ4 5AA
United Kingdom
COMPANY NUMBER 08708134 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
BAY CARE DOMICILIARY CARE LTD

BALANCE SHEET

As at 31 March 2023
BAY CARE DOMICILIARY CARE LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 19,346 27,524
Tangible assets 4 163,677 34,943
183,023 62,467
Current assets
Stocks 30,000 20,000
Debtors 5 348,469 338,075
Cash at bank and in hand 570,288 806,439
948,757 1,164,514
Creditors: amounts falling due within one year 6 ( 399,821) ( 378,835)
Net current assets 548,936 785,679
Total assets less current liabilities 731,959 848,146
Provision for liabilities ( 35,251) ( 11,199)
Net assets 696,708 836,947
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 696,608 836,847
Total shareholders' funds 696,708 836,947

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

Directors' responsibilities:

The financial statements of Bay Care Domiciliary Care Ltd (registered number: 08708134) were approved and authorised for issue by the Board of Directors on 18 October 2023. They were signed on its behalf by:

Mr A R Baker
Director
BAY CARE DOMICILIARY CARE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
BAY CARE DOMICILIARY CARE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bay Care Domiciliary Care Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7a Dartmouth Road, Paignton, TQ4 5AA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from services is recognised as they are delivered.

Employee benefits

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

Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Computer software 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised 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.

The amount of government grants relating to Covid recognised in the financial statements was £464,371 (2022 - £418,083).

The amount of government grants relating to apprenticeship recognised in the financial statements was £250 (2022 - £3,250).

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 227 247

3. Intangible assets

Goodwill Computer software Total
£ £ £
Cost
At 01 April 2022 24,000 28,891 52,891
At 31 March 2023 24,000 28,891 52,891
Accumulated amortisation
At 01 April 2022 19,200 6,167 25,367
Charge for the financial year 2,400 5,778 8,178
At 31 March 2023 21,600 11,945 33,545
Net book value
At 31 March 2023 2,400 16,946 19,346
At 31 March 2022 4,800 22,724 27,524

4. Tangible assets

Leasehold improve-
ments
Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2022 14,472 16,500 32,925 63,897
Additions 37,153 0 133,928 171,081
At 31 March 2023 51,625 16,500 166,853 234,978
Accumulated depreciation
At 01 April 2022 2,894 5,269 20,791 28,954
Charge for the financial year 10,325 2,808 29,214 42,347
At 31 March 2023 13,219 8,077 50,005 71,301
Net book value
At 31 March 2023 38,406 8,423 116,848 163,677
At 31 March 2022 11,578 11,231 12,134 34,943

Included within the net book value of land and buildings above is £38,406 (2022 - £11,578) in respect of long leasehold land and buildings.

5. Debtors

2023 2022
£ £
Trade debtors 348,469 338,075

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 0 6,679
Trade creditors 213,711 113,603
Amounts owed to directors 20,282 18,410
Accruals 7,560 7,000
Taxation and social security 144,397 220,978
Other creditors 13,871 12,165
399,821 378,835

Bank loans are secured on land and buildings owned by the directors.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary D share of £ 1.00 1 1
33 Ordinary C shares of £ 1.00 each 33 33
33 Ordinary B shares of £ 1.00 each 33 33
33 Ordinary A shares of £ 1.00 each 33 33
100 100

8. Financial commitments

Other financial commitments

2023 2022
£ £
Operating leases - Not later than one year 73,331 26,158
Operating leases - Later than one year and not later than five years 149,800 53,289
Operating leases - Later than five years 0 3,670
223,131 83,117

The amount of non-cancellable operating lease payments recognised as an expense during the year was £54,677 (2022 - £30,048).

9. Off Balance Sheet arrangements

The total amount of guarantees not included in the balance sheet is £69,987 (2022 - £83,076). This amount relates to a bank loan taken by the three directors in their personal names.