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Registered number: 09596207
Pelican Care Group Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2023
Holden Associates
Qualified Accountants, Taxation & Business Growth Advisors
V12 Merlin Park Ringtail Road
Burscough Industrial Estate
Ormskirk
L40 8JY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09596207
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,180 5,739
5,180 5,739
CURRENT ASSETS
Debtors 5 315,513 229,158
Cash at bank and in hand 529,594 384,433
845,107 613,591
Creditors: Amounts Falling Due Within One Year 6 (159,393 ) (193,047 )
NET CURRENT ASSETS (LIABILITIES) 685,714 420,544
TOTAL ASSETS LESS CURRENT LIABILITIES 690,894 426,283
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,036 ) (1,090 )
NET ASSETS 689,858 425,193
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 689,758 425,093
SHAREHOLDERS' FUNDS 689,858 425,193
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For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Ghannad
Director
24th April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pelican Care Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09596207 . The registered office is C/O Holden Associates, V12, Merlin Park, Ringtail Road, Burscough, Lancashire, L40 8JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Director 1 1
Deputy manager 1 1
Residential support workers 17 13
19 15
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2022 10,108 2,210 12,318
Additions 1,482 1,235 2,717
Disposals (2,152 ) - (2,152 )
As at 31 May 2023 9,438 3,445 12,883
Depreciation
As at 1 June 2022 4,574 2,005 6,579
Provided during the period 1,453 616 2,069
Disposals (945 ) - (945 )
As at 31 May 2023 5,082 2,621 7,703
Net Book Value
As at 31 May 2023 4,356 824 5,180
As at 1 June 2022 5,534 205 5,739
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 182,229 85,600
Prepayments and accrued income 28,585 13,721
Other debtors 22,782 26,168
Other taxes and social security 949 48
234,545 125,537
Due after more than one year
Amounts owed by associates 80,968 103,621
80,968 103,621
315,513 229,158
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,343 730
Corporation tax 94,216 82,585
Other creditors 3,643 2,330
Accruals and deferred income 41,461 96,824
Director's loan account 12,300 10,578
Amounts owed to associates 4,430 -
159,393 193,047
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
1880 Ltd
In the opinion of the director, the company is related to 1880 Ltd because both companies are under the ultimate control of T Ghannad by virtue of his majority shareholding.
During the year, the company made loans to 1880 Ltd totalling £3,500 (2022 - £110). The balance outstanding at the year end is £3,610 (2022 - £110). These loans are repayable on demand and no interest is charged.
PCG Holding Ltd
In the opinion of the director, the company is related to PCG Holdings Ltd because both companies are under the ultimate control of T Ghannad by virtue of his majority shareholding.
During the year, the company received repayments from PCG Holdings Ltd totalling £34,283 (2022 - £0). The balance outstanding at the year end is £72,358 (2022 - £106,641). These loans are repayable on demand and no interest is charged.
Breath Mediation Ltd
In the opinion of the director, the company is related to Breath Mediation Ltd because both companies are under the ultimate control of T Ghannad by virtue of his majority shareholding.
During the year, the company received a loan from Breath Mediation Ltd totalling £1,300 (2022 - £3,130). The balance outstanding at the year end is £4,430 (2022 - £3,130). These loans are repayable on demand and no interest is charged.
Zero Property Ltd
In the opinion of the director, the company is related to Zero Property Ltd because both companies are under the ultimate control of T Ghannad by virtue of his majority shareholding.
During the year, the company made a loan to Zero Property Ltd totalling £5,000 (2022 - £0). The balance outstanding at the year end is £5,000 (2022 - £0). These loans are repayable on demand and no interest is charged.
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