Registered number
06546275
Pembroke Care (Reading) Limited
Filleted Accounts
31 March 2023
Pembroke Care (Reading) Limited
Registered number: 06546275
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 167,502 184,252
Tangible assets 4 194,339 192,017
361,841 376,269
Current assets
Stocks 3,500 3,500
Debtors 5 272,301 240,901
Cash at bank and in hand 415,603 390,063
691,404 634,464
Creditors: amounts falling due within one year 6 (303,357) (259,760)
Net current assets 388,047 374,704
Total assets less current liabilities 749,888 750,973
Creditors: amounts falling due after more than one year 7 (113,792) (187,542)
Net assets 636,096 563,431
Capital and reserves
Called up share capital 100 102
Profit and loss account 635,996 563,329
Shareholders' funds 636,096 563,431
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.
Mr C D'Cruz
Director
Approved by the board on 20 November 2023
Pembroke Care (Reading) Limited
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:
Motor Vehicle 25% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 36 34
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 335,000
At 31 March 2023 335,000
Amortisation
At 1 April 2022 150,748
Provided during the year 16,750
At 31 March 2023 167,498
Net book value
At 31 March 2023 167,502
At 31 March 2022 184,252
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 144,498 147,207 14,847 306,552
Additions 615 15,964 - 16,579
At 31 March 2023 145,113 163,171 14,847 323,131
Depreciation
At 1 April 2022 - 105,504 9,031 114,535
Charge for the year - 12,030 2,227 14,257
At 31 March 2023 - 117,534 11,258 128,792
Net book value
At 31 March 2023 145,113 45,637 3,589 194,339
At 31 March 2022 144,498 41,703 5,816 192,017
5 Debtors 2023 2022
£ £
Trade debtors 20,280 71,364
Inter company loan 172,067 166,577
Directors current account - -
Other debtors 79,954 2,960
272,301 240,901
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 80,000 80,000
Obligations under finance lease and hire purchase contracts - -
Trade creditors 5,502 4,047
Directors current account 50,237 19,327
Taxation and social security costs 49,475 76,085
Other creditors 118,143 80,301
303,357 259,760
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 113,792 187,542
8 Other information
Pembroke Care (Reading) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Carrick A Lodge
12 Clevedon Road
Tilehurst-Reading
Berkshire
RG31 6RL
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