Company registration number 13013886 (England and Wales)
ACTON BANKS HOME CARE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
ACTON BANKS HOME CARE LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
ACTON BANKS HOME CARE LTD
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
-
0
4,852
Cash at bank and in hand
4,118
4,118
4,118
8,970
Creditors: amounts falling due within one year
5
(25,456)
(30,245)
Net current liabilities
(21,338)
(21,275)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(21,339)
(21,276)
Total equity
(21,338)
(21,275)

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 July 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 18 April 2024 and are signed on its behalf by:
Mr H Sahejpal
Director
Company registration number 13013886 (England and Wales)
ACTON BANKS HOME CARE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 August 2021
1
(18,745)
(18,744)
Year ended 31 July 2022:
Loss and total comprehensive income
-
(2,531)
(2,531)
Balance at 31 July 2022
1
(21,276)
(21,275)
Year ended 31 July 2023:
Loss and total comprehensive income
-
(63)
(63)
Balance at 31 July 2023
1
(21,339)
(21,338)
ACTON BANKS HOME CARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

Acton Banks Home Care Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Acton Banks Healthcare Staffing, Wolverhampton Science Park, Glaisher Drive, Wolverhampton, WV10 9RU.

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.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

 

 

The financial statements of the company are consolidated in the financial statements of Project Lamp (Topco) Limited as at 31st July 2023 and these financial statements may be obtained from its registered office, 84 Salop Street, Wolverhampton, England, WV3 0SR.

1.2
Going concern

The company is dependent upon continued financial support from its fellow group companies. Assurances have been received that repayment of outstanding intercompany balances will not be required until the company is able to make such repayments, and that additional financial support will be available to enable the company to pay its liabilities as they fall due. Accordingly, the Directo4rs consider it appropriate to prepare the accounts on the going concern basis.

1.3
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.

1.4
Financial instruments

The company only enters into basic financial instrument transaction that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

 

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

ACTON BANKS HOME CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2023
2022
Number
Number
Total
2
2
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
4,514
Other debtors
-
0
338
-
0
4,852
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
25,456
30,245

Amounts owed to group undertakings are repayable on demand, interest free and unsecured.

ACTON BANKS HOME CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
7
Related party transactions

The company has taken advantage of the requirements of Section 33 Related Party Disclosures 1A which allows the company not to disclose transaction with fellow 100% owed subsidiaries.

8
Parent company

The company's immediate parent company is Elite Medical Staffing Limited, a company in the United Kingdom. The registered office of the company is 84 Salop Street, Wolverhampton, England, WV3 0SR.

 

The Ultimate Controlling Party of the company and the most senior parent entity producing publicly available Group financial statement at the date of the signing the financial statements is Maven UK Regional Buyout GP LLP Group (OC416916). These financial statements are available upon request from Companies House.

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