Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-312022-09-01falseOther social work activities99truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08654327 2022-09-01 2023-08-31 08654327 2021-09-01 2022-08-31 08654327 2023-08-31 08654327 2022-08-31 08654327 2021-09-01 08654327 c:Director1 2022-09-01 2023-08-31 08654327 c:Director2 2022-09-01 2023-08-31 08654327 c:RegisteredOffice 2022-09-01 2023-08-31 08654327 d:FurnitureFittings 2022-09-01 2023-08-31 08654327 d:FurnitureFittings 2023-08-31 08654327 d:FurnitureFittings 2022-08-31 08654327 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08654327 d:CurrentFinancialInstruments 2023-08-31 08654327 d:CurrentFinancialInstruments 2022-08-31 08654327 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08654327 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08654327 d:ShareCapital 2023-08-31 08654327 d:ShareCapital 2022-08-31 08654327 d:RetainedEarningsAccumulatedLosses 2023-08-31 08654327 d:RetainedEarningsAccumulatedLosses 2022-08-31 08654327 c:OrdinaryShareClass1 2022-09-01 2023-08-31 08654327 c:OrdinaryShareClass1 2022-08-31 08654327 c:OrdinaryShareClass2 2022-09-01 2023-08-31 08654327 c:OrdinaryShareClass2 2023-08-31 08654327 c:OrdinaryShareClass3 2022-09-01 2023-08-31 08654327 c:OrdinaryShareClass3 2023-08-31 08654327 c:FRS102 2022-09-01 2023-08-31 08654327 c:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08654327 c:FullAccounts 2022-09-01 2023-08-31 08654327 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08654327 2 2022-09-01 2023-08-31 08654327 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 08654327 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08654327










BEAMS FOSTER CARE AND FAMILY SERVICES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
 
 
COMPANY INFORMATION


Directors
Mrs B Sims 
Mrs K Beales 




Registered number
08654327



Registered office
Holly Bank
Heath Loke

Poringland

Norwich

Norfolk

NR14 7JU




Accountants
MA Partners LLP
Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER





 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
 

CONTENTS



Page
Accountants' Report
 
1
Balance Sheet
 
2 - 3
Notes to the Financial Statements
 
4 - 9


 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BEAMS FOSTER CARE AND FAMILY SERVICES LTD
FOR THE YEAR ENDED 31 AUGUST 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beams Foster Care and Family Services Ltd for the year ended 31 August 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Beams Foster Care and Family Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Beams Foster Care and Family Services Ltd  and state those matters that we have agreed to state to the Board of Directors of Beams Foster Care and Family Services Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beams Foster Care and Family Services Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Beams Foster Care and Family Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beams Foster Care and Family Services Ltd. You consider that Beams Foster Care and Family Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Beams Foster Care and Family Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
22 November 2023
Page 1

 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
REGISTERED NUMBER: 08654327

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,779
4,263

  
3,779
4,263

Current assets
  

Debtors: amounts falling due within one year
 5 
128,466
3,073

Cash at bank and in hand
 6 
6,493
110,234

  
134,959
113,307

Creditors: amounts falling due within one year
 7 
(66,817)
(49,602)

Net current assets
  
 
 
68,142
 
 
63,705

Total assets less current liabilities
  
71,921
67,968

Provisions for liabilities
  

Deferred tax
 8 
(718)
(809)

  
 
 
(718)
 
 
(809)

Net assets
  
71,203
67,159

Page 2

 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
REGISTERED NUMBER: 08654327
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Capital and reserves
  

Share capital
  
200
200

Profit and loss account
  
71,003
66,959

  
71,203
67,159


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2023.


Mrs B Sims
Mrs K Beales
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The Company is a private company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is Holly Bank, Heath Loke, Poringland, Norwich, Norfolk, NR14 7JU.
The company's principal activity is that of the provision of foster care. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide foster care services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 -        the amount of revenue can be measured reliably;
 -        it is probable that the Company will receive the consideration due under the contract;
 -    the stage of completion of the contract at the end of the reporting period can be measured            ;         reliably; and
 -        the costs incurred and the costs to complete the contract can be measured reliably

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 9).

Page 7

 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2022
13,335


Additions
486



At 31 August 2023

13,821



Depreciation


At 1 September 2022
9,072


Charge for the year on owned assets
970



At 31 August 2023

10,042



Net book value



At 31 August 2023
3,779



At 31 August 2022
4,263


5.


Debtors

2023
2022
£
£


Trade debtors
124,249
-

Other debtors
1,543
-

Prepayments and accrued income
2,674
3,073

128,466
3,073



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
6,493
110,234

6,493
110,234


Page 8

 
BEAMS FOSTER CARE AND FAMILY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
54,651
44,447

Other taxation and social security
3,336
1

Other creditors
7,078
3,486

Accruals and deferred income
1,752
1,668

66,817
49,602



8.


Deferred taxation




2023
2022


£

£






At beginning of year
(810)
(880)


Charged to profit or loss
92
70



At end of year
(718)
(810)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(718)
(810)

(718)
(810)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



0 (2022 - 100) Ordinary shares of £2.00 each
-
200
50 (2022 - 0) Ordinary A shares of £2.00 each
100
-
50 (2022 - 0) Ordinary B shares of £2.00 each
100
-

200

200


 
Page 9