Registered number
10081349
Transitions Care (West Midlands) Limited
Filleted Accounts
31 March 2023
Transitions Care (West Midlands) Limited
Registered number: 10081349
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 5,497 6,535
Current assets
Debtors 4 271,332 222,052
Cash at bank and in hand 243,709 68,967
515,041 291,019
Creditors: amounts falling due within one year 5 (164,449) (78,470)
Net current assets 350,592 212,549
Total assets less current liabilities 356,089 219,084
Creditors: amounts falling due after more than one year 6 (22,902) (32,902)
Provisions for liabilities (1,400) (1,250)
Net assets 331,787 184,932
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 331,687 184,832
Shareholder's funds 331,787 184,932
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.
S S Bains
Director
Approved by the board on 7 November 2023
Transitions Care (West Midlands) Limited
Notes to the Accounts
for the year ended 31 March 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).

The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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.
Government grants
Government grants are credited to the profit and loss account under the accruals model and recognised in other operating income when the grant proceeds become receivable.
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:
Plant and machinery 25% reducing balance
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 32 22
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2022 15,241
Additions 780
At 31 March 2023 16,021
Depreciation
At 1 April 2022 8,706
Charge for the year 1,818
At 31 March 2023 10,524
Net book value
At 31 March 2023 5,497
At 31 March 2022 6,535
4 Debtors 2023 2022
£ £
Trade debtors 77,204 68,446
Other debtors 190,074 150,004
Prepayments and accrued income 4,054 3,602
271,332 222,052
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 33,311 40,308
Trade creditors 180 -
Corporation tax 42,646 24,391
Other taxes and social security costs 11,147 8,949
Other creditors 7,993 562
Accruals and deferred income 69,172 4,260
164,449 78,470
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,902 32,902
7 Guarantees made by the company on behalf of directors
Main terms Maximum Amount paid
liability and incurred
£ £
S S Bains
(Loan from Barclays Bank) 482,768 -
482,768 -
The company has provided security on a loan made to the director Surinder Singh Bains by Barclays Bank. The security was given on 29 January 2020 and the outstanding amount of the loan at the year end was £462,416. The security includes a fixed and floating charge on all assets of the company.
8 Share capital 2023 2022
£ £
Allotted, called up and fully paid:
Ordinary shares 100 100
9 Company information
Transitions Care (West Midlands) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Ground Floor, Advance House
9 Waterfall Lane Trading Estate
Cradley Heath
West Midlands
B64 6PU
Its registered number is: 10081349
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