Registered number
12129037
Avon Homecare Limited
Filleted Accounts
31 July 2023
Avon Homecare Limited
Registered number: 12129037
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 8,750 11,750
Tangible assets 4 32,071 29,327
40,821 41,077
Current assets
Debtors 5 125,105 79,269
Cash at bank and in hand 218,308 59,578
343,413 138,847
Creditors: amounts falling due within one year 6 (238,930) (115,373)
Net current assets 104,483 23,474
Total assets less current liabilities 145,304 64,551
Creditors: amounts falling due after more than one year 7 (31,733) (37,247)
Net assets 113,571 27,304
Capital and reserves
Called up share capital 100 100
Profit and loss account 113,471 27,204
Shareholder's funds 113,571 27,304
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.
A Ahmed
Director
Approved by the board on 9 November 2023
Avon Homecare Limited
Notes to the Accounts
for the year ended 31 July 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% writing down value
Fixtures, fittings, tools and equipment 25% writing down value
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 75 62
3 Intangible fixed assets £
Franchise fee:
Cost
At 1 August 2022 15,000
At 31 July 2023 15,000
Amortisation
At 1 August 2022 3,250
Provided during the year 3,000
At 31 July 2023 6,250
Net book value
At 31 July 2023 8,750
At 31 July 2022 11,750
Franchise fee will be written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 2,324 28,495 30,819
Additions 4,660 9,900 14,560
Disposals - (1,500) (1,500)
At 31 July 2023 6,984 36,895 43,879
Depreciation
At 1 August 2022 617 875 1,492
Charge for the year 1,592 9,099 10,691
On disposals - (375) (375)
At 31 July 2023 2,209 9,599 11,808
Net book value
At 31 July 2023 4,775 27,296 32,071
At 31 July 2022 1,707 27,620 29,327
5 Debtors 2023 2022
£ £
Trade debtors 122,003 77,463
Other debtors 3,102 1,806
125,105 79,269
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,654 5,654
Trade creditors 71,119 59,086
Taxation and social security costs 54,465 14,623
Other creditors 107,692 36,010
238,930 115,373
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,733 37,247
8 Other information
Avon Homecare Limited is a private company limited by shares and incorporated in England. Its registered office is:
27 - 31 Church Road
Bristol
BS5 9JJ
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