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Registration number: 09072634

Court House Care Services (Devon) Limited

Filleted Unaudited Financial Statements

for the Period from 1 September 2022 to 7 December 2023

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Company Information

Director

Mr W R Newmark

Registered office

Artemis House
Bramley Road
Bletchley
Milton Keynes
MK1 1PT

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Balance Sheet as at 7 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

11,338

31,000

Tangible assets

5

62,371

112,245

 

73,709

143,245

Current assets

 

Stocks

6

6,500

6,500

Debtors

7

705,555

576,154

Cash at bank and in hand

 

193,270

170,639

 

905,325

753,293

Creditors: Amounts falling due within one year

8

(207,509)

(137,436)

Net current assets

 

697,816

615,857

Total assets less current liabilities

 

771,525

759,102

Creditors: Amounts falling due after more than one year

8

-

(18,839)

Provisions for liabilities

(15,593)

(25,030)

Net assets

 

755,932

715,233

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

754,932

714,233

Total equity

 

755,932

715,233

For the financial period ending 7 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Balance Sheet as at 7 December 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 12 March 2024
 

.........................................
Mr W R Newmark
Director

   
     
 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 7 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Artemis House
Bramley Road
Bletchley
Milton Keynes
MK1 1PT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 7 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance basis

Office equipment

20% reducing balance basis

Motor vehicles

20% reducing balance basis

Plant and machinery

20% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 7 December 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 7 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 56 (2022 - 55).

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 7 December 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2022

155,000

155,000

At 7 December 2023

155,000

155,000

Amortisation

At 1 September 2022

124,000

124,000

Amortisation charge

19,662

19,662

At 7 December 2023

143,662

143,662

Carrying amount

At 7 December 2023

11,338

11,338

At 31 August 2022

31,000

31,000

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2022

188,749

66,885

14,658

270,292

Additions

19,199

-

1,540

20,739

Disposals

(9,424)

(66,885)

(3,314)

(79,623)

At 7 December 2023

198,524

-

12,884

211,408

Depreciation

At 1 September 2022

128,408

19,712

9,927

158,047

Charge for the period

17,206

10,221

1,056

28,483

Eliminated on disposal

(5,424)

(29,933)

(2,136)

(37,493)

At 7 December 2023

140,190

-

8,847

149,037

Carrying amount

At 7 December 2023

58,334

-

4,037

62,371

At 31 August 2022

60,340

47,173

4,732

112,245

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 7 December 2023

6

Stocks

2023
£

2022
£

Other stocks

6,500

6,500

7

Debtors

Note

2023
£

2022
£

Trade debtors

 

27,844

35,914

Amounts owed by group undertakings and undertakings in which the company has a participating interest

664,589

520,575

Prepayments and accrued income

 

13,122

19,665

Total current trade and other debtors

 

705,555

576,154

8

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

-

7,590

Trade creditors

 

5,082

6,900

Taxation and social security

 

72,293

46,837

Other creditors

 

2,081

679

Accrued expenses

 

56,851

69,139

Deferred income

 

71,202

6,291

 

207,509

137,436

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

-

18,839

 

Court House Care Services (Devon) Limited
(Registration number: 09072634)

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 7 December 2023

9

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

-

7,590

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

-

18,839

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £500,000 (2022 - £550,000). Lease on the property £50,000 per annum, expires 26 September 2033.

11

Parent and ultimate parent undertaking

The company's immediate parent is Court House Care Properties Limited, incorporated in England and Wales.