STAFF LINE HOME CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Staff Line Home Care Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Unit 34, Brodie Business Centre, 33 Nobel Square, Basildon, Essex, SS13 1LT. The company has not traded during the year and is expected to remain dormant for the foreseeable future.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company ceased trading a few years ago and the trade was hived up to the parent company. As a result the directors are winding the company down and once completed the company is expected to be dormant for the foreseeable future.
The financial statements have been prepared on the going concern basis, which is dependent on the continuing provision of financial support by the parent company. The directors expect this financial support to continue for the foreseeable future.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
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