Registered number
09964866
SR Care and Support Training Limited
Unaudited Filleted Accounts
30 June 2023
SR Care and Support Training Limited
Registered number: 09964866
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 175,000 165,000
Current assets
Debtors 4 34,263 24,502
Cash at bank and in hand 702 1,321
34,965 25,823
Creditors: amounts falling due within one year 5 (22,352) (18,050)
Net current assets 12,613 7,773
Total assets less current liabilities 187,613 172,773
Creditors: amounts falling due after more than one year 6 (100,000) (100,000)
Provisions for liabilities (4,967) (3,067)
Net assets 82,646 69,706
Capital and reserves
Called up share capital 2 2
Profit and loss account 82,644 69,704
Shareholders' funds 82,646 69,706
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.
Geoff Fisher
Director
Approved by the board on 30 October 2023
SR Care and Support Training Limited
Notes to the Accounts
for the year ended 30 June 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.
Investments
Investments are made up of investment properties measured at fair value. Changes in fair value are included in the profit and loss account. The company has departed from FRS 102's requirement to provide depreciation on land and property in order for the accounts to show a true and fair view.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Fair value
At 1 July 2022 165,000
Revaluation 10,000
At 30 June 2023 175,000
Historical cost
At 1 July 2022 148,858
At 30 June 2023 148,858
The fair value of the company's investment property at 30 June 2023, has been estimated by the directors based on open market value.
4 Debtors 2023 2022
£ £
Other debtors 34,263 24,502
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 7,841 2,073
Other creditors 14,511 15,977
22,352 18,050
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 100,000 100,000
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 7,609 18,525
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S J Robertson
Interest free loan with no fixed date for repayment 10,000 - - 10,000
G R Fisher
Interest free loan with no fixed date for repayment 10,000 - - 10,000
20,000 - - 20,000
9 Controlling party
The company's directors are the ultimate controlling party by virtue of their ownership of the company's shares.
10 Other information
SR Care and Support Training Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cargo Building
2 Hobart Street
Plymouth
United Kingdom
PL1 3DG
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