6 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,091 6,063 9,154 2,809 348 3,157 5,997 282 xbrli:pure xbrli:shares iso4217:GBP 05092071 2022-07-01 2023-06-30 05092071 2023-06-30 05092071 2022-06-30 05092071 2021-07-01 2022-06-30 05092071 2022-06-30 05092071 2021-06-30 05092071 core:FurnitureFittings 2022-07-01 2023-06-30 05092071 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 05092071 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 05092071 bus:Director1 2022-07-01 2023-06-30 05092071 bus:Director2 2022-07-01 2023-06-30 05092071 core:WithinOneYear 2023-06-30 05092071 core:WithinOneYear 2022-06-30 05092071 core:FurnitureFittings 2022-06-30 05092071 core:FurnitureFittings 2023-06-30 05092071 core:ShareCapital 2023-06-30 05092071 core:ShareCapital 2022-06-30 05092071 core:RetainedEarningsAccumulatedLosses 2023-06-30 05092071 core:RetainedEarningsAccumulatedLosses 2022-06-30 05092071 core:FurnitureFittings 2022-06-30 05092071 bus:SmallEntities 2022-07-01 2023-06-30 05092071 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 05092071 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 05092071 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05092071 bus:FullAccounts 2022-07-01 2023-06-30 05092071 bus:OrdinaryShareClass1 2023-06-30 05092071 bus:OrdinaryShareClass1 2022-06-30 05092071 bus:OrdinaryShareClass2 2023-06-30 05092071 bus:OrdinaryShareClass2 2022-06-30 05092071 bus:AllOrdinaryShares 2023-06-30 05092071 bus:AllOrdinaryShares 2022-06-30
COMPANY REGISTRATION NUMBER: 05092071
Caring People Limited
Filleted Unaudited Financial Statements
30 June 2023
Caring People Limited
Financial Statements
Year ended 30 June 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Caring People Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
5,997
282
Current assets
Debtors
6
62,396
171,425
Cash at bank and in hand
188,500
6,294
---------
---------
250,896
177,719
Creditors: amounts falling due within one year
7
63,969
59,967
---------
---------
Net current assets
186,927
117,752
---------
---------
Total assets less current liabilities
192,924
118,034
Provisions
Taxation including deferred tax
1,499
---------
---------
Net assets
191,425
118,034
---------
---------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
191,325
117,934
---------
---------
Shareholders funds
191,425
118,034
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Caring People Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 11 March 2024 , and are signed on behalf of the board by:
C J Livermore
H B Livermore
Director
Director
Company registration number: 05092071
Caring People Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Barn House, Cross End, Pebmarsh, Halstead, Essex, CO9 2NU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible 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
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
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 6 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 July 2022
3,091
3,091
Additions
6,063
6,063
-------
-------
At 30 June 2023
9,154
9,154
-------
-------
Depreciation
At 1 July 2022
2,809
2,809
Charge for the year
348
348
-------
-------
At 30 June 2023
3,157
3,157
-------
-------
Carrying amount
At 30 June 2023
5,997
5,997
-------
-------
At 30 June 2022
282
282
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
62,396
163,808
Directors loan account
7,617
--------
---------
62,396
171,425
--------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,102
17,929
Accruals and deferred income
2,865
2,765
Corporation tax
23,107
2,480
Social security and other taxes
30,579
36,793
Director loan accounts
3,316
--------
--------
63,969
59,967
--------
--------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
A Ordinary shares of £ 1 each
50
50
50
50
B Ordinary shares of £ 1 each
50
50
50
50
----
----
----
----
100
100
100
100
----
----
----
----
9. Directors' advances, credits and guarantees
At the year end the company owed the directors £3,316 (2022: £7,617 debtor) by way of a joint directors loan account. The maximum amount outstanding during the year was £7,617 (2022: £11,762). No interest has been charged on the loan.
10. Related party transactions
Caring Homes Limited, a company of which one of the directors is also a director, was invoiced £516,675 (2022: £280,457) by Caring People Limited for recruitment during the year. At the year end Caring Homes Limited owed the company £46,882 (2022: £160,701), which is included within trade debtors.