Registered number
07387578
Abacus Quality Care Ltd
Filleted Accounts
5 April 2024
Abacus Quality Care Ltd
Registered number: 07387578
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,495 46,442
Current assets
Debtors 4 219,549 2,214
Cash at bank and in hand 234,550 404,454
454,099 406,668
Creditors: amounts falling due within one year 5 34,750 (11,788)
Net current assets 488,849 394,880
Net assets 509,344 441,322
Capital and reserves
Called up share capital 100 100
Profit and loss account 509,244 441,222
Shareholder's funds 509,344 441,322
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dilvinder Sadhra
Director
Approved by the board on 15 June 2024
Abacus Quality Care Ltd
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services to residents.

Turnover from grants recieved is recognised in the year that the grant is agreed and paid.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Where material deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Leased assets
All leases held are classified as operating leases.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 25
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2023 259,537
At 5 April 2024 259,537
Depreciation
At 6 April 2023 213,095
Charge for the year 25,947
At 5 April 2024 239,042
Net book value
At 5 April 2024 20,495
At 5 April 2023 46,442
4 Debtors 2024 2023
£ £
Trade debtors 29,549 2,214
Other debtors 190,000 -
219,549 2,214
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,701 722
Taxation and social security costs 43,113 21,910
Other creditors (82,564) (10,844)
(34,750) 11,788
6 Related party transactions
On 26 September 2023 the Company provided a loan of £190,000 to Parklands Healthcare Limited, a company controlled by Mr S. Sadhra. The loan is repayable over 10 years at a monthly interest rate of 2% on the outstanding balance. The first payment has been paid in May 2024. At 5 April 2024 the outstanding capital balance is £190,000 and is included in debtors.
7 Controlling party
The ultimate controlling party is D. Sadhra
8 Other information
Abacus Quality Care Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Abacus Care Home
42-44 Rolleston Road
Burton on Trent
Staffordshire
DE13 0JZ
Abacus Quality Care Ltd 07387578 false 2023-04-06 2024-04-05 2024-04-05 VT Final Accounts April 2024 Dilvinder Sadhra No description of principal activity 07387578 2022-04-06 2023-04-05 07387578 core:WithinOneYear 2023-04-05 07387578 core:ShareCapital 2023-04-05 07387578 core:RetainedEarningsAccumulatedLosses 2023-04-05 07387578 2023-04-06 2024-04-05 07387578 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 07387578 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 07387578 bus:Director40 2023-04-06 2024-04-05 07387578 1 2023-04-06 2024-04-05 07387578 2 2023-04-06 2024-04-05 07387578 core:PlantMachinery 2023-04-06 2024-04-05 07387578 countries:England 2023-04-06 2024-04-05 07387578 bus:FRS102 2023-04-06 2024-04-05 07387578 bus:FilletedAccounts 2023-04-06 2024-04-05 07387578 2024-04-05 07387578 core:WithinOneYear 2024-04-05 07387578 core:ShareCapital 2024-04-05 07387578 core:RetainedEarningsAccumulatedLosses 2024-04-05 07387578 core:PlantMachinery 2024-04-05 07387578 2023-04-05 07387578 core:PlantMachinery 2023-04-05 iso4217:GBP xbrli:pure