Registered number
07066268
PRIVILEGE HOME CARE LTD
Filleted Accounts
30 November 2022
PRIVILEGE HOME CARE LTD
Registered number: 07066268
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 4 8,834 7,792
Investments 5 583,889 526,253
592,723 534,045
Current assets
Debtors 6 144,206 236,075
Cash at bank and in hand 746,076 659,523
890,282 895,598
Creditors: amounts falling due within one year 7 (67,918) (94,472)
Net current assets 822,364 801,126
Total assets less current liabilities 1,415,087 1,335,171
Creditors: amounts falling due after more than one year 8 (144,435) (165,032)
Net assets 1,270,652 1,170,139
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,270,552 1,170,039
Shareholders' funds 1,270,652 1,170,139
The director is 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 director acknowledges his 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.
FAISAL ISMAIL
Director
Approved by the board on 15 November 2023
PRIVILEGE HOME CARE LTD
Notes to the Accounts
for the year ended 30 November 2022
1 Accounting policies
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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 27 32
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2021 100,000
At 30 November 2022 100,000
Amortisation
At 1 December 2021 100,000
At 30 November 2022 100,000
Net book value
At 30 November 2022 -
Goodwill has been written off in equal annual instalments over its economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2021 30,788
Additions 3,250
At 30 November 2022 34,038
Depreciation
At 1 December 2021 22,996
Charge for the year 2,208
At 30 November 2022 25,204
Net book value
At 30 November 2022 8,834
At 30 November 2021 7,792
5 Investments
Other
investments
£
Cost
At 1 December 2021 526,253
Additions 57,636
At 30 November 2022 583,889
6 Debtors 2022 2021
£ £
Trade debtors 144,206 236,075
7 Creditors: amounts falling due within one year 2022 2021
£ £
Corporation tax 36,845 46,021
Other creditors 31,073 48,451
67,918 94,472
8 Creditors: amounts falling due after one year 2022 2021
£ £
Directors Loans 144,435 165,032
9 Controlling party
The Director and his wife have ultimate control of the company by virtue of them owning 100% of the issued share capital.
10 Other information
PRIVILEGE HOME CARE LTD is a private company limited by shares and incorporated in England. Its registered office is:
26 BRIESTFIELD ROAD
THORNHILL
DEWSBURY
WF12 0PW
PRIVILEGE HOME CARE LTD 07066268 false 2021-12-01 2022-11-30 2022-11-30 VT Final Accounts April 2022 FAISAL ISMAIL No description of principal activity 07066268 2020-12-01 2021-11-30 07066268 core:WithinOneYear 2021-11-30 07066268 core:AfterOneYear 2021-11-30 07066268 core:ShareCapital 2021-11-30 07066268 core:RetainedEarningsAccumulatedLosses 2021-11-30 07066268 2021-12-01 2022-11-30 07066268 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 07066268 bus:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 07066268 bus:Director40 2021-12-01 2022-11-30 07066268 1 2021-12-01 2022-11-30 07066268 core:PlantMachinery 2021-12-01 2022-11-30 07066268 countries:England 2021-12-01 2022-11-30 07066268 bus:FRS102 2021-12-01 2022-11-30 07066268 bus:FullAccounts 2021-12-01 2022-11-30 07066268 2022-11-30 07066268 core:WithinOneYear 2022-11-30 07066268 core:AfterOneYear 2022-11-30 07066268 core:ShareCapital 2022-11-30 07066268 core:RetainedEarningsAccumulatedLosses 2022-11-30 07066268 core:Goodwill 2022-11-30 07066268 core:PlantMachinery 2022-11-30 07066268 core:AdditionsToInvestments 2022-11-30 07066268 2021-11-30 07066268 core:Goodwill 2021-11-30 07066268 core:PlantMachinery 2021-11-30 iso4217:GBP xbrli:pure