43 false false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08057903 2022-06-01 2023-05-31 08057903 2023-05-31 08057903 2022-05-31 08057903 2021-06-01 2022-05-31 08057903 2022-05-31 08057903 2021-05-31 08057903 core:PlantMachinery 2022-06-01 2023-05-31 08057903 core:FurnitureFittings 2022-06-01 2023-05-31 08057903 core:MotorVehicles 2022-06-01 2023-05-31 08057903 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 08057903 bus:Director1 2022-06-01 2023-05-31 08057903 core:WithinOneYear 2023-05-31 08057903 core:WithinOneYear 2022-05-31 08057903 core:ShareCapital 2023-05-31 08057903 core:ShareCapital 2022-05-31 08057903 core:RetainedEarningsAccumulatedLosses 2023-05-31 08057903 core:RetainedEarningsAccumulatedLosses 2022-05-31 08057903 core:BetweenOneFiveYears 2023-05-31 08057903 core:BetweenOneFiveYears 2022-05-31 08057903 bus:SmallEntities 2022-06-01 2023-05-31 08057903 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08057903 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 08057903 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08057903 bus:AbridgedAccounts 2022-06-01 2023-05-31 08057903 bus:OrdinaryShareClass1 2023-05-31 08057903 bus:OrdinaryShareClass1 2022-05-31 08057903 core:ComputerEquipment 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 08057903
Mary Rush Care Limited
Filleted Unaudited Abridged Financial Statements
31 May 2023
Mary Rush Care Limited
Abridged Financial Statements
Year Ended 31 May 2023
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 6
Mary Rush Care Limited
Abridged Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
6
312,520
320,121
Current Assets
Debtors
425,926
283,694
Cash at bank and in hand
173,452
330,049
---------
---------
599,378
613,743
Creditors: amounts falling due within one year
293,278
268,015
---------
---------
Net Current Assets
306,100
345,728
---------
---------
Total Assets Less Current Liabilities
618,620
665,849
Provisions
Taxation including deferred tax
3,584
6,380
---------
---------
Net Assets
615,036
659,469
---------
---------
Capital and Reserves
Called up share capital
7
10
10
Profit and loss account
615,026
659,459
---------
---------
Shareholders Funds
615,036
659,469
---------
---------
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 31 May 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 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 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Mary Rush Care Limited
Abridged Statement of Financial Position (continued)
31 May 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
Mrs S Bilsland
Director
Company registration number: 08057903
Mary Rush Care Limited
Notes to the Abridged Financial Statements
Year Ended 31 May 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 Sheepehouse Cottage Stepping Stone Lane, Painswick, Gloucester, England, GL6 6RX. The company's place of business is The Retreat, 116 Bristol Road, Quedgeley, Gloucester, Gloucestershire, GL2 4NA.
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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the financial position of the company as well as current and future projected performance and are confident that the company is able to operate within its available resources and meet its external liabilities as they fall due in the foreseeable future. Consequently, the directors have determined that at the time of approving these financial statements that it is appropriate to prepare the financial statements on a going concern basis.
Revenue recognition
The turnover shown in the profit and loss account represents residents fees earned during the year.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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:
Plant & Machinery
-
15% reducing balance
Fixtures & Fittings
-
25% reducing balance
Motor Vehicles
-
15% reducing balance
Equipments
-
33% straight line
There is no charge in respect of depreciation on freehold buildings for the period. In determining the residual value of freehold buildings, the directors have considered the amount they would currently obtain from disposal of the asset if the asset were already of the age and condition expected at the end of its useful life, having regard to the factors mentioned above. As a result, the directors estimate any depreciation charge to be immaterial and as such the depreciation charge is nil for the period.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 43 (2022: 43 ).
5. Intangible assets
£
Cost
At 1 June 2022 and 31 May 2023
64,660
--------
Amortisation
At 1 June 2022 and 31 May 2023
64,660
--------
Carrying amount
At 31 May 2023
--------
At 31 May 2022
--------
6. Tangible assets
£
Cost
At 1 June 2022 and 31 May 2023
391,449
---------
Depreciation
At 1 June 2022
71,328
Charge for the year
7,601
---------
At 31 May 2023
78,929
---------
Carrying amount
At 31 May 2023
312,520
---------
At 31 May 2022
320,121
---------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
----
----
----
----
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
6,941
6,941
Later than 1 year and not later than 5 years
578
7,519
-------
--------
7,519
14,460
-------
--------
9. Related party transactions
The company has taken advantage of exemption conferred by FRS 102 S1A, removing the requirement to disclose transactions between wholly owned group members. During the year the company provided and received loans from related parties. The balance outstanding due from/(to) related parties at 31 May 2023 are as follows:
2023 2022
£ £
Amount owed to entities under common control (95,165) (96,512)
Amount due from entities under common control 281,335 196,335
Outstanding balances with entities are unsecured, interest free and repayable on demand.
10. Controlling party
The directors consider the ultimate parent undertaking to be Mary Rush Care Homes Limited, a company incorporated in England and Wales.