Brecon Care Limited 02759041 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of a care home Digita Accounts Production Advanced 6.30.9574.0 true true true 02759041 2022-07-01 2023-06-30 02759041 2023-06-30 02759041 core:RetainedEarningsAccumulatedLosses 2023-06-30 02759041 core:ShareCapital 2023-06-30 02759041 core:CurrentFinancialInstruments 2023-06-30 02759041 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 02759041 core:FurnitureFittingsToolsEquipment 2023-06-30 02759041 core:MotorVehicles 2023-06-30 02759041 bus:SmallEntities 2022-07-01 2023-06-30 02759041 bus:Audited 2022-07-01 2023-06-30 02759041 bus:FullAccounts 2022-07-01 2023-06-30 02759041 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 02759041 bus:RegisteredOffice 2022-07-01 2023-06-30 02759041 bus:Director1 2022-07-01 2023-06-30 02759041 bus:Director2 2022-07-01 2023-06-30 02759041 bus:Director5 2022-07-01 2023-06-30 02759041 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 02759041 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 02759041 core:LandBuildings 2022-07-01 2023-06-30 02759041 core:MotorVehicles 2022-07-01 2023-06-30 02759041 core:AllSubsidiaries 2022-07-01 2023-06-30 02759041 1 2022-07-01 2023-06-30 02759041 countries:EnglandWales 2022-07-01 2023-06-30 02759041 2022-06-30 02759041 core:FurnitureFittingsToolsEquipment 2022-06-30 02759041 core:MotorVehicles 2022-06-30 02759041 2021-07-01 2022-06-30 02759041 2022-06-30 02759041 core:RetainedEarningsAccumulatedLosses 2022-06-30 02759041 core:ShareCapital 2022-06-30 02759041 core:CurrentFinancialInstruments 2022-06-30 02759041 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 02759041 core:FurnitureFittingsToolsEquipment 2022-06-30 02759041 core:MotorVehicles 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 02759041

Brecon Care Limited

Annual Report and Financial Statements

for the Year Ended 30 June 2023

 

Brecon Care Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Brecon Care Limited

Company Information

Directors

Mr G Jakhu

Mr S Jakhu

Mrs L Griffiths

Registered office

100 Richmond Road
Compton
Wolverhampton
WV3 9JJ

Auditors

Ballards LLP
Statutory Auditors, Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Brecon Care Limited

(Registration number: 02759041)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

262,043

65,888

Current assets

 

Stocks

5

500

500

Debtors

6

352,351

212,678

Cash at bank and in hand

 

419,725

305,348

 

772,576

518,526

Creditors: Amounts falling due within one year

7

(443,878)

(311,021)

Net current assets

 

328,698

207,505

Total assets less current liabilities

 

590,741

273,393

Provisions for liabilities

(37,059)

(24,811)

Net assets

 

553,682

248,582

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

552,682

247,582

Shareholders' funds

 

553,682

248,582

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 January 2024 and signed on its behalf by:
 

.........................................
Mr S Jakhu
Director

   
 

Brecon Care Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
100 Richmond Road
Compton
Wolverhampton
WV3 9JJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements have been rounded to the neared £.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have a reasonable expection that the company will continue in operational existence for the foreseeable future.

 

Brecon Care Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 26 January 2024 was Benjamin Powell MSci ACA CTA, who signed for and on behalf of Ballards LLP.

.........................................

Judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Brecon Care Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

No depreciation

Fixtures and fittings

20% reducing balance

Motor vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Brecon Care Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Long term employee benefits

The cost of short-term employee benefitd are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employement of an employee or to provide termination benefits.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 95 (2022 - 50).

 

Brecon Care Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

340,689

-

340,689

Additions

120,524

114,309

234,833

At 30 June 2023

461,213

114,309

575,522

Depreciation

At 1 July 2022

274,801

-

274,801

Charge for the year

32,010

6,668

38,678

At 30 June 2023

306,811

6,668

313,479

Carrying amount

At 30 June 2023

154,402

107,641

262,043

At 30 June 2022

65,888

-

65,888

5

Stocks

2023
£

2022
£

Other inventories

500

500

 

Brecon Care Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

275,545

135,955

Amounts owed by related parties

9

69,185

-

Prepayments

 

7,621

76,723

   

352,351

212,678

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

80,702

72,188

Amounts owed to related parties

9

-

3,619

Taxation and social security

 

23,652

16,112

Other creditors

 

339,524

219,102

 

443,878

311,021

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2022 - £347).

9

Related party transactions

Summary of transactions with subsidiaries

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
 

10

Parent and ultimate parent undertaking

The company's immediate parent is Caram (PYB) Limited, incorporated in England and Wales.

 The ultimate parent is Caram Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is Caram Limited. These financial statements are available upon request from the registered office.