Registered number
09362769
LCMB Therahealth Homecare Ltd
Filleted Accounts
31 July 2023
LCMB Therahealth Homecare Ltd
Registered number: 09362769
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 125
Current assets
Debtors 4 134,279 99,972
Cash at bank and in hand 6,214 8,199
140,493 108,171
Creditors: amounts falling due within one year 5 (129,940) (82,323)
Net current assets 10,553 25,848
Total assets less current liabilities 10,553 25,973
Creditors: amounts falling due after more than one year 6 (92,395) (117,243)
Net liabilities (81,842) (91,270)
Capital and reserves
Called up share capital 1 1
Profit and loss account (81,843) (91,271)
Shareholder's funds (81,842) (91,270)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lovell Belmonte
Director
Approved by the board on 23 October 2023
LCMB Therahealth Homecare Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment 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 its expected useful life, as follows:
Fixtures, fittings, tools and equipment Fully Depreciated
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 2,469
At 31 July 2023 2,469
Depreciation
At 1 August 2022 2,344
Charge for the year 125
At 31 July 2023 2,469
Net book value
At 31 July 2023 -
At 31 July 2022 125
4 Debtors 2023 2022
£ £
Deferred tax asset 18,971 18,947
Other debtors 52,960 31,917
Director's account 62,348 49,108
134,279 99,972
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 129,940 82,323
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 92,395 117,243
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Lovell Belmonte
Directors Loan Account 47,120 62,348 (47,120) 62,348
47,120 62,348 (47,120) 62,348
8 Controlling party
The ultimate controlling party for the period: Lovell Belmonte.
Lovell Belmonte holds 100% of the issued share capital and is deemed the ultimate controlling
party.
9 Other information
LCMB Therahealth Homecare Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office 4 Meadow Drove Business Centre
Meadow Drove
BOURNE
Lincolnshire
PE10 0BQ
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