Caring Hands (Care Services) Ltd
Filleted Accounts
31 March 2023
Registered number
06876875
Caring Hands (Care Services) Ltd
Registered number: 06876875
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 27,844 55,771
Tangible assets 4 4,753 2,676
32,597 58,447
Current assets
Debtors 5 15,433 48,211
Cash at bank and in hand 86,507 534,935
101,940 583,146
Creditors: amounts falling due within one year 6 (69,775) (90,326)
Net current assets 32,165 492,820
Total assets less current liabilities 64,762 551,267
Provisions for liabilities (1,188) (406)
Net assets 63,574 550,861
Capital and reserves
Called up share capital 10 10
Profit and loss account 63,564 550,851
Shareholders' funds 63,574 550,861
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.
Steven J Ledger
Director
Approved by the board on 13 September 2023
Caring Hands (Care Services) Ltd
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:
Office equipment 25% reducing balance
Fixtures and fittings 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 28 29
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 335,000
At 31 March 2023 335,000
Amortisation
At 1 April 2022 279,229
Provided during the year 27,927
At 31 March 2023 307,156
Net book value
At 31 March 2023 27,844
At 31 March 2022 55,771
The directors have reviewed the policy of amortisation of goodwill and continue to write off the balance of goodwill over 8 years.
4 Tangible fixed assets
Office equipment Fixtures and Fittings Total
£ £ £
Cost
At 1 April 2022 20,945 6,971 27,916
Additions 2,746 - 2,746
At 31 March 2023 23,691 6,971 30,662
Depreciation
At 1 April 2022 18,585 6,655 25,240
Charge for the year 590 79 669
At 31 March 2023 19,175 6,734 25,909
Net book value
At 31 March 2023 4,516 237 4,753
At 31 March 2022 2,360 316 2,676
5 Debtors 2023 2022
£ £
Trade debtors 8,729 2,662
Other debtors 6,704 45,549
15,433 48,211
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,712 1,488
Corporation tax - 15,223
Other taxes and social security costs 11,461 6,493
Other creditors 56,602 67,122
69,775 90,326
7 Related party transactions
Employee-Ownership Trust

On 31 January 2023, the entire share capital of the company was acquired by the Caring Hands (Care Services) EOT Ltd Employee Ownership Trust ('The Trust'). The Trust holds the shares for the future benefit of the company's employees. The funding for the transaction (and associated costs) was partially achieved through an initial contribution by the company.

During the year, the company made contributions of £400,000 to the Trust, which are shown on the Statement of Changes in Equity. The directors are of the opinion that de-facto control does not exist and therefore have excluded the assets and liabilities of the Trust from these financial statements. Consolidated accounts incorporating the Trust have not been prepared.
8 Controlling party
The ultimate controlling party is Caring Hands (Care Services) EOT Limited.
9 Other information
Caring Hands (Care Services) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Oldcotes Close
Throapham
Sheffield
S25 2UR
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