2022-05-01 2023-04-30 04747333 MERCIA CARE HOMES LIMITED false 04747333 2022-05-01 2023-04-30 04747333 uk-bus:Director1 2022-05-01 2023-04-30 04747333 uk-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 04747333 uk-bus:SmallEntities 2022-05-01 2023-04-30 04747333 uk-bus:FullAccounts 2022-05-01 2023-04-30 04747333 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04747333 2022-05-01 04747333 2023-04-30 04747333 2022-04-30 xbrli:pure iso4217:GBP 04747333 2021-05-01 2022-04-30
Company Registration Number : 04747333 (England and Wales)
04747333
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-04-30
false
MERCIA CARE HOMES LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-05-01
MERCIA CARE HOMES LIMITED
Unaudited Annual Accounts
For the year ended 30 April 2023
MERCIA CARE HOMES LIMITED
Contents
For the year ended 30 April 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


MERCIA CARE HOMES LIMITED
Company Information
For the year ended 30 April 2023

Company registration number 04747333 (England and Wales)
Directors Elizabeth Anne MAGUIRE
Graham MAGUIRE
Registered office address 10 Royal Crescent
Somerset
BS23 2AX
MERCIA CARE HOMES LIMITED
Statement of Financial Position
For the year ended 30 April 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 1,224,809 1,201,394
6 1,224,809 1,201,394
Current assets
Debtors 131,271 212,877
Corporation tax receivable 4,200 4,200
Cash and cash equivalents 341,123 333,575
476,594 550,652
Current liabilities
Creditors: Amounts falling due within one year (1,121,484) (1,074,076)
(1,121,484) (1,074,076)
Net current (liabilities)/assets (644,890) (523,425)
Total assets less current liabilities 579,919 677,969
Non-current liabilities
Creditors: Amounts falling due after more than one year (299,234) (299,234)
Provision for liabilities (36,521) (36,521)
Net assets/(liabilities) 244,164 342,214
Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 243,164 341,214
Shareholder's funds 244,164 342,214
For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 January 2024
.............................
Graham MAGUIRE (Director)
Company registration number: 04747333
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-04-30 30 April 2023
2023 2022
£ £
Fixed Assets 1,224,809 1,201,394
Current Assets 476,594 550,652
Prepayments and accrued income (14,445) (12,282)
Creditors: amounts falling due within one year (1,107,038) (1,061,794)
Net current assets (liabilities) (644,890) (523,425)
Total assets less current liabilities 579,919 677,969
CREDITORS: Amounts falling due more than one year (299,234) (299,234)
Provisions for liabilities (36,521) (36,521)
Net Assets (liabilities) 244,164 342,214
Capital and Reserves 244,164 342,214
For the year ending 30/04/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 30-04-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year 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 accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 30 January 2024 2024-01-30 and signed on behalf of the board,
.............................
Graham MAGUIRE
Director
Company registration number: 04747333
MERCIA CARE HOMES LIMITED
Notes to the Financial Statements
For the year ended 30 April 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 10 Royal Crescent, Somerset, BS23 2AX.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Interest income
Interest income is recognised using the effective interest method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 7 years. Goodwill amortisation is included within administration expenses.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery25% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% reducing balance
Equipment25% straight line
Motor Cars
Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

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

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 27 (2022 : 25).

(6) Fixed assets
Intangible

£
Tangible

£
Totals

£
Cost
As at 01 May 202250,0001,444,4571,494,457
Additions-40,20540,205
As at 30 April 202350,0001,484,6621,534,662
Depreciation/Amortisation
As at 01 May 202250,000249,692299,692
For the year-10,16110,161
As at 30 April 202350,000259,853309,853
Net book value
As at 30 April 2023-1,224,8091,224,809
As at 30 April 2022-1,194,7651,194,765