Registered number
07403917
Bramble Homecare Limited
Filleted Accounts
31 March 2023
Bramble Homecare Limited
Registered number: 07403917
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 139,536 54,420
Current assets
Debtors 4 186,936 231,018
Investments held as current assets 5 58,478 10,978
Cash at bank and in hand 239,571 277,880
484,985 519,876
Creditors: amounts falling due within one year 6 (63,748) (122,351)
Net current assets 421,237 397,525
Total assets less current liabilities 560,773 451,945
Creditors: amounts falling due after more than one year 7 (168,139) (67,747)
Provisions for liabilities (7,882) -
Net assets 384,752 384,198
Capital and reserves
Called up share capital 100 100
Profit and loss account 384,652 384,098
Shareholders' funds 384,752 384,198
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Marcus Green
Director
Approved by the board on 10 July 2023
Bramble Homecare 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).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Motor Vehicles 25% straight line
Plant and machinery 20% straight line
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 75 65
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 7,875 104,970 112,845
Additions - 146,390 146,390
Disposals - (26,804) (26,804)
At 31 March 2023 7,875 224,556 232,431
Depreciation
At 1 April 2022 6,328 52,097 58,425
Charge for the year 1,547 39,624 41,171
On disposals - (6,701) (6,701)
At 31 March 2023 7,875 85,020 92,895
Net book value
At 31 March 2023 - 139,536 139,536
At 31 March 2022 1,547 52,873 54,420
4 Debtors 2023 2022
£ £
Trade debtors 55,873 128,881
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset - 3,549
Other debtors 131,063 98,588
186,936 231,018
5 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 58,478 10,978
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,091 3,527
Amounts owed to group undertakings and undertakings in which the company has a participating interest 8,491 4,260
Taxation and social security costs 50,588 114,564
Other creditors 2,578 -
63,748 122,351
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,167 43,983
Obligations under finance lease and hire purchase contracts 133,972 23,764
168,139 67,747
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Marcus Green
Interest free temporary loan 16,316 20,755 (12,500) 24,571
Tracy Green
Interest free temporary loan 16,316 20,755 (12,500) 24,571
Melanie Rayner
Interest free temporary loan 9,884 25,000 (25,000) 9,884
42,516 66,510 (50,000) 59,026
9 Related party transactions
Forestglade Ltd
A company in which M Green, T Green and M Rayner are shareholders and directors. Expenses paid on behalf of Bramble Home Care Ltd were £4381 (2022 £4110).
Amount due from (to) the related party (8491) (4,110)
Mulberry Bush (Eye) Ltd
A company in which M Green and T Green are shareholders and directors. Expenses paid on behalf of Mulberry Bush (Eye) ltd were £330 (2022 £32719)
Amount due from (to) the related party 33348 33,018
10 Controlling party
There is no controlling party
11 Other information
Bramble Homecare Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7 Beech Ave Business Park
Taverham
Norwich
NR8 6HW
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