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Registration number: 11090400

Life Plan Solutions Limited

trading as Home Care Assist

Abridged Financial Statements

for the Year Ended 31 March 2023

 

Life Plan Solutions Limited

trading as Home Care Assist

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Life Plan Solutions Limited

trading as Home Care Assist

Company Information

Director

Mr Peter Lee Rolls

Registered office

B1 Trentham Business Quarter
Bellringer Road
Trentham
Stoke-on-Trent
ST4 8GB

Accountants

Bradley Accountancy Practice Ltd
84-90 Market Street
Hednesford
Cannock
Staffordshire
WS12 1AG

 

Accountants' Report to the Director on the Preparation of the Statutory Accounts of
Life Plan Solutions Limited

trading as Home Care Assist
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Life Plan Solutions Limited for the year ended 31 March 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Life Plan Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Life Plan Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Life Plan Solutions Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Life Plan Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Life Plan Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Life Plan Solutions Limited. You consider that Life Plan Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Life Plan Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Bradley Accountancy Practice Ltd
84-90 Market Street
Hednesford
Cannock
Staffordshire
WS12 1AG

4 September 2023

 

Life Plan Solutions Limited

trading as Home Care Assist

(Registration number: 11090400)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

29,643

27,700

Current assets

 

Debtors

5

18,706

32,853

Cash at bank and in hand

 

349,183

331,798

 

367,889

364,651

Creditors: Amounts falling due within one year

6

(32,480)

(79,536)

Net current assets

 

335,409

285,115

Total assets less current liabilities

 

365,052

312,815

Accruals and deferred income

 

(770)

(770)

Net assets

 

364,282

312,045

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

364,281

312,044

Shareholders' funds

 

364,282

312,045

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 4 September 2023
 

 

Life Plan Solutions Limited

trading as Home Care Assist

(Registration number: 11090400)
Abridged Balance Sheet as at 31 March 2023

.........................................
Mr Peter Lee Rolls
Director

 

Life Plan Solutions Limited

trading as Home Care Assist

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
B1 Trentham Business Quarter
Bellringer Road
Trentham
Stoke-on-Trent
ST4 8GB

These financial statements were authorised for issue by the director on 4 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Life Plan Solutions Limited

trading as Home Care Assist

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% writing down allowance

Computer equipment

1/3 straight line

Amortisation

Asset class

Amortisation method and rate

Licences and franchises

over 5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Life Plan Solutions Limited

trading as Home Care Assist

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 31 (2022 - 35).

 

Life Plan Solutions Limited

trading as Home Care Assist

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

40,732

40,732

Additions

10,343

10,343

At 31 March 2023

51,075

51,075

Depreciation

At 1 April 2022

13,032

13,032

Charge for the year

8,400

8,400

At 31 March 2023

21,432

21,432

Carrying amount

At 31 March 2023

29,643

29,643

At 31 March 2022

27,700

27,700

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Creditors: amounts falling due within one year

7

Creditors: amounts falling due after more than one year

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1