19 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 285,000 285,000 xbrli:pure xbrli:shares iso4217:GBP 05703629 2022-07-01 2023-06-30 05703629 2023-06-30 05703629 2022-06-30 05703629 2021-07-01 2022-06-30 05703629 2022-06-30 05703629 core:NetGoodwill 2022-07-01 2023-06-30 05703629 core:FurnitureFittings 2022-07-01 2023-06-30 05703629 bus:Director1 2022-07-01 2023-06-30 05703629 bus:Director2 2022-07-01 2023-06-30 05703629 bus:Director3 2022-07-01 2023-06-30 05703629 core:NetGoodwill 2023-06-30 05703629 core:LandBuildings 2022-06-30 05703629 core:FurnitureFittings 2022-06-30 05703629 core:LandBuildings 2023-06-30 05703629 core:FurnitureFittings 2023-06-30 05703629 core:WithinOneYear 2023-06-30 05703629 core:WithinOneYear 2022-06-30 05703629 core:AfterOneYear 2023-06-30 05703629 core:AfterOneYear 2022-06-30 05703629 core:ShareCapital 2023-06-30 05703629 core:ShareCapital 2022-06-30 05703629 core:RetainedEarningsAccumulatedLosses 2023-06-30 05703629 core:RetainedEarningsAccumulatedLosses 2022-06-30 05703629 core:LandBuildings 2022-06-30 05703629 core:FurnitureFittings 2022-06-30 05703629 bus:SmallEntities 2022-07-01 2023-06-30 05703629 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 05703629 bus:FullAccounts 2022-07-01 2023-06-30 05703629 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 05703629 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 05703629
Amethyst Care Ltd
Filleted Unaudited Financial Statements
30 June 2023
Amethyst Care Ltd
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
6
537,423
533,644
Current Assets
Stocks
720
720
Debtors
7
19,627
29,725
Cash at bank and in hand
45,808
90,799
--------
---------
66,155
121,244
Creditors: amounts falling due within one year
8
234,073
226,832
---------
---------
Net Current Liabilities
167,918
105,588
---------
---------
Total Assets Less Current Liabilities
369,505
428,056
Creditors: amounts falling due after more than one year
9
213,380
240,410
Provisions
Taxation including deferred tax
1,334
616
---------
---------
Net Assets
154,791
187,030
---------
---------
Capital and Reserves
Called up share capital
9
9
Profit and loss account
154,782
187,021
---------
---------
Shareholders Funds
154,791
187,030
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Amethyst Care Ltd
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 14 November 2023 , and are signed on behalf of the board by:
Mrs S A J Hunt
Mr W N Sampson
Director
Director
Mrs E T Sampson
Director
Company registration number: 05703629
Amethyst Care Ltd
Notes to the Financial Statements
Year Ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Station Road, Bovey Tracey, Newton Abbot, Devon, TQ13 9AL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is provided in full on all material timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income or expenditure in tax computations in periods different from those in which they are included in the financial statements. Deferred tax assets and liabilities are not discounted.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2022: 19 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
285,000
---------
Amortisation
At 1 July 2022 and 30 June 2023
285,000
---------
Carrying amount
At 30 June 2023
---------
At 30 June 2022
---------
6. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 July 2022
530,401
54,891
585,292
Additions
4,229
4,229
---------
--------
---------
At 30 June 2023
530,401
59,120
589,521
---------
--------
---------
Depreciation
At 1 July 2022
51,648
51,648
Charge for the year
450
450
---------
--------
---------
At 30 June 2023
52,098
52,098
---------
--------
---------
Carrying amount
At 30 June 2023
530,401
7,022
537,423
---------
--------
---------
At 30 June 2022
530,401
3,243
533,644
---------
--------
---------
7. Debtors
2023
2022
£
£
Trade debtors
19,627
24,242
Other debtors
5,483
--------
--------
19,627
29,725
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
32,092
32,092
Corporation tax
163
21,342
Social security and other taxes
6,330
Other creditors
201,818
167,068
---------
---------
234,073
226,832
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
213,380
240,410
---------
---------
10. Related party transactions
Directors' loan accounts: Included in creditors is £201,124 (2022 - £165,124) the amount being attributable to Directors current accounts. Each shareholder was paid a dividend of £12,000 during the year. Control: There is no ultimate controlling party.