Acorah Software Products - Accounts Production 15.0.400 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10855763 Mr Akhil Khanna Ms Emma Khanna iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10855763 2022-07-31 10855763 2023-07-31 10855763 2022-08-01 2023-07-31 10855763 frs-core:Non-currentFinancialInstruments 2023-07-31 10855763 frs-core:FurnitureFittings 2023-07-31 10855763 frs-core:FurnitureFittings 2022-08-01 2023-07-31 10855763 frs-core:FurnitureFittings 2022-07-31 10855763 frs-core:NetGoodwill 2023-07-31 10855763 frs-core:NetGoodwill 2022-08-01 2023-07-31 10855763 frs-core:NetGoodwill 2022-07-31 10855763 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 10855763 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10855763 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 10855763 frs-core:ShareCapital 2023-07-31 10855763 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10855763 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10855763 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10855763 frs-bus:SmallEntities 2022-08-01 2023-07-31 10855763 frs-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10855763 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10855763 frs-bus:Director1 2022-08-01 2023-07-31 10855763 frs-bus:Director2 2022-08-01 2023-07-31 10855763 frs-countries:EnglandWales 2022-08-01 2023-07-31 10855763 2021-07-31 10855763 2022-07-31 10855763 2021-08-01 2022-07-31 10855763 frs-core:Non-currentFinancialInstruments 2022-07-31 10855763 frs-core:ShareCapital 2022-07-31 10855763 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10855763
Md Care Homes Limited
Financial Statements
For The Year Ended 31 July 2023
Apple Accountancy Services Limited
Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Md Care Homes Limited For The Year Ended 31 July 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Md Care Homes Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Md Care Homes Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Md Care Homes Limited and state those matters that we have agreed to state to the directors of Md Care Homes Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Md Care Homes Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Md Care Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Md Care Homes Limited . You consider that Md Care Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Md Care Homes Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
30th July 2024
Apple Accountancy Services Limited
Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Page 1
Page 2
Balance Sheet
Registered number: 10855763
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,250 16,250
Tangible Assets 5 584,223 608,635
597,473 624,885
CURRENT ASSETS
Debtors 329,153 14,101
Cash at bank and in hand 235,797 285,906
564,950 300,007
Creditors: Amounts Falling Due Within One Year (114,792 ) (82,358 )
NET CURRENT ASSETS (LIABILITIES) 450,158 217,649
TOTAL ASSETS LESS CURRENT LIABILITIES 1,047,631 842,534
Creditors: Amounts Falling Due After More Than One Year (367,636 ) (383,101 )
NET ASSETS 679,995 459,433
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 679,895 459,333
SHAREHOLDERS' FUNDS 679,995 459,433
Page 2
Page 3
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Akhil Khanna
Director
Ms Emma Khanna
Director
30th July 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Md Care Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10855763 . The registered office is 104 High Street, Melbourn, Royston, SG8 6AL.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Freehold 2% straight line
Fixtures & Fittings 15% reducing balance
2.5. 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 years 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2022: 20)
21 20
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 30,000
As at 31 July 2023 30,000
Amortisation
As at 1 August 2022 13,750
Provided during the period 3,000
As at 31 July 2023 16,750
Net Book Value
As at 31 July 2023 13,250
As at 1 August 2022 16,250
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 564,902 155,491 720,393
Additions - 1,819 1,819
As at 31 July 2023 564,902 157,310 722,212
Depreciation
As at 1 August 2022 51,532 60,226 111,758
Provided during the period 11,668 14,563 26,231
As at 31 July 2023 63,200 74,789 137,989
Net Book Value
As at 31 July 2023 501,702 82,521 584,223
As at 1 August 2022 513,370 95,265 608,635
Page 5