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REGISTERED NUMBER: 13549358 (England and Wales)





















Unaudited Financial Statements

for the Period 1 September 2022 to 31 March 2023

for

Simply Joy Care Services Ltd

Simply Joy Care Services Ltd (Registered number: 13549358)

Contents of the Financial Statements
for the Period 1 September 2022 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simply Joy Care Services Ltd

Company Information
for the Period 1 September 2022 to 31 March 2023







DIRECTOR: Miss R Palmer





REGISTERED OFFICE: 53 Gibson Road
Paignton
Devon
TQ4 7LS





REGISTERED NUMBER: 13549358 (England and Wales)





ACCOUNTANTS: Mark Ward Chartered Certified Accountants
First Floor Cef Building
Broomhill Way
Torquay
Devon
TQ2 7QN

Simply Joy Care Services Ltd (Registered number: 13549358)

Balance Sheet
31 March 2023

31.3.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,957 2,012

CURRENT ASSETS
Stocks 13,562 15,179
Debtors 5 622 656
Cash at bank 91,066 22,413
105,250 38,248
CREDITORS
Amounts falling due within one year 6 72,618 38,883
NET CURRENT ASSETS/(LIABILITIES) 32,632 (635 )
TOTAL ASSETS LESS CURRENT LIABILITIES 36,589 1,377

PROVISIONS FOR LIABILITIES 909 382
NET ASSETS 35,680 995

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 35,678 993
35,680 995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Simply Joy Care Services Ltd (Registered number: 13549358)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2023 and were signed by:





Miss R Palmer - Director


Simply Joy Care Services Ltd (Registered number: 13549358)

Notes to the Financial Statements
for the Period 1 September 2022 to 31 March 2023


1. STATUTORY INFORMATION

Simply Joy Care Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Government grants
Grants are accounted for under the accrual model.

Grants relating to revenue are recognised in profit and loss on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Simply Joy Care Services Ltd (Registered number: 13549358)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 March 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds the following financial instruments:

- Short term trade and other debtors and creditors;
- Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Basic financial assets comprise short term trade and other debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Simply Joy Care Services Ltd (Registered number: 13549358)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 22 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 2,681
Additions 2,620
At 31 March 2023 5,301
DEPRECIATION
At 1 September 2022 669
Charge for period 675
At 31 March 2023 1,344
NET BOOK VALUE
At 31 March 2023 3,957
At 31 August 2022 2,012

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.8.22
£    £   
Trade debtors 16 352
Other debtors 606 304
622 656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.8.22
£    £   
Trade creditors 1,440 -
Taxation and social security 34,074 7,877
Other creditors 37,104 31,006
72,618 38,883