Company registration number 12848201 (England and Wales)
AMETHYST CARE & SUPPORT GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
AMETHYST CARE & SUPPORT GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
AMETHYST CARE & SUPPORT GROUP LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
109,349
10,894
Current assets
Debtors
4
169,913
107,518
Cash at bank and in hand
132,943
116,089
302,856
223,607
Creditors: amounts falling due within one year
5
(312,304)
(168,729)
Net current (liabilities)/assets
(9,448)
54,878
Total assets less current liabilities
99,901
65,772
Creditors: amounts falling due after more than one year
6
(182,769)
(217,500)
Net liabilities
(82,868)
(151,728)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(82,968)
(151,828)
Total equity
(82,868)
(151,728)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 7 February 2024 and are signed on its behalf by:
T Parramore
Director
Company registration number 12848201 (England and Wales)
AMETHYST CARE & SUPPORT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information

Amethyst Care & Support Group Limited is a private company, limited by shares and incorporated in England and Wales. The registered office is 34 Century Park, Manvers, Rotherham, S63 5DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

These financial statements for the year ended 31 August 2023 are the first financial statements of Amethyst Care & Support Group Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 September 2021. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

AMETHYST CARE & SUPPORT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

AMETHYST CARE & SUPPORT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
42
24
AMETHYST CARE & SUPPORT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022
14,493
Additions
120,510
At 31 August 2023
135,003
Depreciation and impairment
At 1 September 2022
3,599
Depreciation charged in the year
22,055
At 31 August 2023
25,654
Carrying amount
At 31 August 2023
109,349
At 31 August 2022
10,894
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
152,531
96,611
Other debtors
17,382
10,907
169,913
107,518
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
23,100
23,017
Taxation and social security
48,865
19,844
Other creditors
240,339
125,868
312,304
168,729
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
182,769
217,500
AMETHYST CARE & SUPPORT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 6 -
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
27,560
30,680
2023-08-312022-09-01false05 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityL JarrettT ParramoreP Waddingtonfalse128482012022-09-012023-08-31128482012023-08-31128482012022-08-3112848201core:OtherPropertyPlantEquipment2023-08-3112848201core:OtherPropertyPlantEquipment2022-08-3112848201core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3112848201core:CurrentFinancialInstrumentscore:WithinOneYear2022-08-3112848201core:Non-currentFinancialInstrumentscore:AfterOneYear2023-08-3112848201core:Non-currentFinancialInstrumentscore:AfterOneYear2022-08-3112848201core:CurrentFinancialInstruments2023-08-3112848201core:CurrentFinancialInstruments2022-08-3112848201core:ShareCapital2023-08-3112848201core:ShareCapital2022-08-3112848201core:RetainedEarningsAccumulatedLosses2023-08-3112848201core:RetainedEarningsAccumulatedLosses2022-08-3112848201bus:Director22022-09-012023-08-3112848201core:FurnitureFittings2022-09-012023-08-3112848201core:ComputerEquipment2022-09-012023-08-3112848201core:MotorVehicles2022-09-012023-08-3112848201core:PreviouslyStatedAmount2022-09-012023-08-31128482012021-09-012022-08-3112848201core:OtherPropertyPlantEquipment2022-08-3112848201core:OtherPropertyPlantEquipment2022-09-012023-08-3112848201core:WithinOneYear2023-08-3112848201core:WithinOneYear2022-08-3112848201core:Non-currentFinancialInstruments2023-08-3112848201core:Non-currentFinancialInstruments2022-08-3112848201bus:PrivateLimitedCompanyLtd2022-09-012023-08-3112848201bus:SmallCompaniesRegimeForAccounts2022-09-012023-08-3112848201bus:FRS1022022-09-012023-08-3112848201bus:AuditExemptWithAccountantsReport2022-09-012023-08-3112848201bus:Director12022-09-012023-08-3112848201bus:Director32022-09-012023-08-3112848201bus:FullAccounts2022-09-012023-08-31xbrli:purexbrli:sharesiso4217:GBP