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Registered Number: 13877041


 

 

 

SP HOME CARE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Accountants report
You consider that the company is exempt from an audit for the year ended 31 January 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Solutions Accountants and Financial Services Ltd
149 Radford Road
Nottingham
NG7 5EH
14 March 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 37,500    42,000 
Tangible fixed assets 4 3,564    3,599 
41,064    45,599 
Current assets      
Debtors 955    955 
Cash at bank and in hand 1,208    11,013 
2,163    11,968 
Creditors: amount falling due within one year (10,630)   (390)
Net current liabilities (8,467)   11,578 
 
Total assets less current liabilities 32,597    57,177 
Creditors: amount falling due after more than one year (93,397)   (90,340)
Net liabilities (60,800)   (33,163)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (60,900)   (33,263)
Shareholder's funds (60,800)   (33,163)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 14 March 2024 and were signed by:


-------------------------------
Sahil PATPATIA
Director
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General Information
SP HOME CARE LTD is a private company, limited by shares, registered in , registration number 13877041, registration address 2 WOODSTOCK COURT, SAVERNAKE DRIVE CORBY, NN18 8SA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Franchise Fees
Franchise Fees is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Franchise Fees of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 6% Reducing Balance
Computer Equipment 18% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 1).
3.

Intangible fixed assets

Cost Franchise Fees   Total
  £   £
At 01 February 2023 45,000    45,000 
Additions  
Disposals  
At 31 January 2024 45,000    45,000 
Amortisation
At 01 February 2023 3,000    3,000 
Charge for year 4,500    4,500 
On disposals  
At 31 January 2024 7,500    7,500 
Net book values
At 31 January 2024 37,500    37,500 
At 31 January 2023 42,000    42,000 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 February 2023 2,350    1,399    3,749 
Additions   400    400 
Disposals    
At 31 January 2024 2,350    1,799    4,149 
Depreciation
At 01 February 2023 35    115    150 
Charge for year 139    296    435 
On disposals    
At 31 January 2024 174    411    585 
Net book values
Closing balance as at 31 January 2024 2,176    1,388    3,564 
Opening balance as at 01 February 2023 2,315    1,284    3,599 


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