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REGISTERED NUMBER: 09768257 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Fuchsia Homecare Ltd

Fuchsia Homecare Ltd (Registered number: 09768257)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


Fuchsia Homecare Ltd (Registered number: 09768257)

Balance Sheet
30 September 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 5 30,573 30,829
Investment property 6 162,301 162,301
192,874 193,130

Current assets
Stocks 9,294 6,417
Debtors 7 490,422 782,186
Cash at bank 248,957 236,016
748,673 1,024,619
Creditors
Amounts falling due within one year 8 (272,399 ) (245,640 )
Net current assets 476,274 778,979
Total assets less current liabilities 669,148 972,109

Creditors
Amounts falling due after more than one
year

9

(270,208

)

(421,759

)

Provisions for liabilities (5,732 ) (5,377 )
Net assets 393,208 544,973

Capital and reserves
Called up share capital 100 100
Retained earnings 393,108 544,873
393,208 544,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Fuchsia Homecare Ltd (Registered number: 09768257)

Balance Sheet - continued
30 September 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:





Miss M Rosca - Director


Fuchsia Homecare Ltd (Registered number: 09768257)

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


1. Statutory information

Fuchsia Homecare Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09768257

Registered office: Unit 1, Rutherford Centre
Hadleigh Industrial Estate
Dunlop Road
Ipswich
Suffolk
IP2 0UG

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Fuchsia Homecare Ltd (Registered number: 09768257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.


Fuchsia Homecare Ltd (Registered number: 09768257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 32 (2022 - 23 ) .

Fuchsia Homecare Ltd (Registered number: 09768257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 October 2022 43,577 34,690 78,267
Additions 4,952 - 4,952
Disposals - (1,500 ) (1,500 )
At 30 September 2023 48,529 33,190 81,719
Depreciation
At 1 October 2022 23,400 24,038 47,438
Charge for year 2,395 2,613 5,008
Eliminated on disposal - (1,300 ) (1,300 )
At 30 September 2023 25,795 25,351 51,146
Net book value
At 30 September 2023 22,734 7,839 30,573
At 30 September 2022 20,177 10,652 30,829

6. Investment property
Total
£
Fair value
At 1 October 2022
and 30 September 2023 162,301
Net book value
At 30 September 2023 162,301
At 30 September 2022 162,301

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 252,531 285,711
Amounts owed by group undertakings 231,808 486,512
Other debtors 6,083 9,963
490,422 782,186

Fuchsia Homecare Ltd (Registered number: 09768257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 161,632 152,232
Taxation and social security 101,679 67,422
Other creditors 9,088 25,986
272,399 245,640

One of the loans included in other creditors is secured by a fixed and floating charge over the company's assets.

The mortgage is secured on the property it was used to purchase.

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 270,208 421,759

One of the loans included in other creditors is secured by a fixed and floating charge over the company's assets.

The mortgage is secured on the property it was used to purchase, with £99,150 falling due after five years.

10. Controlling party

The company is owned by Fushsia Homecare Group Limited, a company which is registered in England and Wales.