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No description of principal activity
2021-12-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
05641304
2021-12-01
2022-11-30
05641304
2022-11-30
05641304
2021-11-30
05641304
2020-12-01
2021-11-30
05641304
2021-11-30
05641304
2020-11-30
05641304
core:LandBuildings
core:OwnedOrFreeholdAssets
2021-12-01
2022-11-30
05641304
core:FurnitureFittings
2021-12-01
2022-11-30
05641304
core:MotorVehicles
2021-12-01
2022-11-30
05641304
core:NetGoodwill
2021-12-01
2022-11-30
05641304
bus:OrdinaryShareClass1
2021-12-01
2022-11-30
05641304
bus:Director1
2021-12-01
2022-11-30
05641304
core:WithinOneYear
2022-11-30
05641304
core:WithinOneYear
2021-11-30
05641304
core:AfterOneYear
2022-11-30
05641304
core:AfterOneYear
2021-11-30
05641304
core:ShareCapital
2022-11-30
05641304
core:ShareCapital
2021-11-30
05641304
core:RetainedEarningsAccumulatedLosses
2022-11-30
05641304
core:RetainedEarningsAccumulatedLosses
2021-11-30
05641304
core:BetweenOneFiveYears
2021-11-30
05641304
bus:SmallEntities
2021-12-01
2022-11-30
05641304
bus:AuditExempt-NoAccountantsReport
2021-12-01
2022-11-30
05641304
bus:SmallCompaniesRegimeForAccounts
2021-12-01
2022-11-30
05641304
bus:PrivateLimitedCompanyLtd
2021-12-01
2022-11-30
05641304
bus:AbridgedAccounts
2021-12-01
2022-11-30
05641304
bus:OrdinaryShareClass1
2022-11-30
05641304
bus:OrdinaryShareClass1
2021-11-30
05641304
core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity
2022-11-30
05641304
core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity
2021-11-30
COMPANY REGISTRATION NUMBER:
05641304
Filleted Unaudited Abridged Financial Statements |
|
Abridged Financial Statements |
|
Year Ended 30 November 2022
Abridged statement of financial position |
1 |
|
|
Notes to the abridged financial statements |
3 |
|
|
Abridged Statement of Financial Position |
|
30 November 2022
Fixed Assets
Tangible assets |
6 |
950,848 |
965,928 |
|
|
|
|
Current Assets
Stocks |
500 |
500 |
Debtors |
135,608 |
125,381 |
Cash at bank and in hand |
3,327 |
10,127 |
|
--------- |
--------- |
|
139,435 |
136,008 |
|
|
|
Creditors: amounts falling due within one year |
304,328 |
261,019 |
|
--------- |
--------- |
Net Current Liabilities |
164,893 |
125,011 |
|
--------- |
--------- |
Total Assets Less Current Liabilities |
785,955 |
840,917 |
|
|
|
Creditors: amounts falling due after more than one year |
546,946 |
601,233 |
|
|
|
Provisions |
4,538 |
3,180 |
|
--------- |
--------- |
Net Assets |
234,471 |
236,504 |
|
--------- |
--------- |
|
|
|
Capital and Reserves
Called up share capital |
8 |
2 |
2 |
Profit and loss account |
234,469 |
236,502 |
|
--------- |
--------- |
Shareholders Funds |
234,471 |
236,504 |
|
--------- |
--------- |
|
|
|
|
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 30 November 2022 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 abridged 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 abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.
Abridged Statement of Financial Position (continued) |
|
30 November 2022
These abridged financial statements were approved by the
board of directors
and authorised for issue on
3 November 2023
, and are signed on behalf of the board by:
Company registration number:
05641304
Notes to the Abridged Financial Statements |
|
Year Ended 30 November 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA. The business address is 103 Boulton Lane, Alvaston, Derby, DE24 0FF
2.
Statement of compliance
These abridged 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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the income statement represents residents fees earned during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
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:
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.
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:
|
Freehold property |
- |
1% straight line |
|
Fixtures and fittings |
- |
25% reducing balance |
|
Motor vehicles |
- |
15% reducing balance |
|
|
|
|
Stocks
Stocks are measured at the lower of cost and net realisable value.
Government grants
Government and local authority grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model.
Financial instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
27
(2021:
29
).
5.
Intangible assets
|
£ |
Cost |
|
At 1 December 2021 and 30 November 2022 |
175,000 |
|
--------- |
Amortisation |
|
At 1 December 2021 and 30 November 2022 |
175,000 |
|
--------- |
Carrying amount |
|
At 30 November 2022 |
– |
|
--------- |
At 30 November 2021 |
– |
|
--------- |
|
|
6.
Tangible assets
|
£ |
Cost |
|
At 1 December 2021 |
1,109,857 |
Additions |
3,006 |
|
------------ |
At 30 November 2022 |
1,112,863 |
|
------------ |
Depreciation |
|
At 1 December 2021 |
143,929 |
Charge for the year |
18,086 |
|
------------ |
At 30 November 2022 |
162,015 |
|
------------ |
Carrying amount |
|
At 30 November 2022 |
950,848 |
|
------------ |
At 30 November 2021 |
965,928 |
|
------------ |
|
|
7.
Secured liabilities
The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £593,058 (2021: £624,204).
8.
Called up share capital
Issued, called up and fully paid
|
2022 |
2021 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
2 |
2 |
2 |
2 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2022 |
2021 |
|
£ |
£ |
Not later than 1 year |
1,539 |
2,308 |
Later than 1 year and not later than 5 years |
– |
1,539 |
|
------- |
------- |
|
1,539 |
3,847 |
|
------- |
------- |
|
|
|
10.
Directors' advances, credits and guarantees
Loans to the directors during the year were as follows:
|
|
Balance at 1 December 2021 |
Advances in the year |
Repaid in the year |
Balance at 30 November 2022 |
|
|
£ |
£ |
£ |
£ |
|
A W Heath and S M Heath |
4,191 |
5,777 |
9,100 |
869 |
|
|
|
|
|
|
11.
Related party transactions
During the year the company provided and received loans from related parties. The balances outstanding due from/(to) related parties at 30 November 2022 were as follows:
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Amounts owed to entities under common control |
(
87,669) |
(
94,642) |
|
Amounts due from entities under common control |
99,031 |
105,404 |
|
Amounts due from entities holding a controlling interest |
2 |
2 |
|
|
|
|
Outstanding balances with entities are unsecured, interest free and repayable on demand.
12.
Controlling party
The company is a wholly owned subsidiary of
Ashe Group (UK) Limited
, a company incorporated and registered in England and Wales. The registered office address is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA and copy accounts can be found at Companies House.