Company registration number 07739755 (England and Wales)
EVERYDAY CARE & SUPPORT LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
EVERYDAY CARE & SUPPORT LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
EVERYDAY CARE & SUPPORT LTD
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
124,528
71,038
Current assets
Stocks
7,040
19,641
Debtors
4
367,665
279,483
Cash at bank and in hand
785,912
606,180
1,160,617
905,304
Creditors: amounts falling due within one year
5
(525,355)
(459,595)
Net current assets
635,262
445,709
Net assets
759,790
516,747
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
759,788
516,745
Total equity
759,790
516,747
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
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 7 August 2023 and are signed on its behalf by:
Mr Malcolm Stalker
Director
Company registration number 07739755 (England and Wales)
EVERYDAY CARE & SUPPORT LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2021
2
486,960
486,962
Year ended 31 March 2022:
Profit and total comprehensive income for the year
-
230,932
230,932
Distributions to parent charity under gift aid
-
(201,147)
(201,147)
Balance at 31 March 2022
2
516,745
516,747
Year ended 31 March 2023:
Profit and total comprehensive income for the year
-
606,595
606,595
Distributions to parent charity under gift aid
-
(363,552)
(363,552)
Balance at 31 March 2023
2
759,788
759,790
EVERYDAY CARE & SUPPORT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
EveryDay Care & Support Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Bradbury Centre, 13 Saville Street West, North Shields, Tyne and Wear, NE29 6QP.
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 principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:
The financial statements of the company are consolidated in the financial statements of Age UK North Tyneside. These consolidated financial statements are available from its registered office, The Bradbury Centre, 13 Saville Street West, North Shields, Tyne & Wear, NE29 6PQ.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when services are delivered as agreed with customers.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
12.5% straight line basis
Fixtures and fittings
12.5% straight line basis
Computers
33% straight line basis
Motor vehicles
25% reducing balance
EVERYDAY CARE & SUPPORT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.6
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. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss 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 leases asset are consumed.
1.9
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
261
242
EVERYDAY CARE & SUPPORT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2022
80,426
50,415
41,038
31,673
203,552
Additions
4,605
23,760
2,602
54,685
85,652
Disposals
(3,037)
(8,314)
(1,925)
(28,423)
(41,699)
At 31 March 2023
81,994
65,861
41,715
57,935
247,505
Depreciation and impairment
At 1 April 2022
45,058
31,070
29,821
26,565
132,514
Depreciation charged in the year
5,540
4,382
5,856
4,115
19,893
Eliminated in respect of disposals
(2,113)
(1,126)
(1,609)
(24,582)
(29,430)
At 31 March 2023
48,485
34,326
34,068
6,098
122,977
Carrying amount
At 31 March 2023
33,509
31,535
7,647
51,837
124,528
At 31 March 2022
35,368
19,345
11,217
5,108
71,038
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
63,805
52,917
Other debtors
303,860
226,566
367,665
279,483
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
27,731
29,323
Amounts owed to group undertakings
212,185
214,523
Taxation and social security
71,692
56,980
Other creditors
213,747
158,769
525,355
459,595
EVERYDAY CARE & SUPPORT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Michael T Moran BA FCA
Statutory Auditor:
Robson Laidler Accountants Limited
7
Parent company
In the opinion of the directors, the ultimate controlling party is the Board of Trustees of the parent charity.