Company Registration No. 07038522 (England and Wales)
Travers Care Limited
Unaudited accounts
for the year ended 31 October 2023
Travers Care Limited
Unaudited accounts
Contents
Travers Care Limited
Company Information
for the year ended 31 October 2023
Directors
David Drinkel
Lisa Molyneux
Lori Holland
Company Number
07038522 (England and Wales)
Travers Care Limited
Statement of financial position
as at 31 October 2023
Tangible assets
941,944
945,422
Cash at bank and in hand
4,684
3,940
Creditors: amounts falling due within one year
(65,220)
(44,885)
Net current liabilities
(56,861)
(28,761)
Total assets less current liabilities
885,083
916,661
Creditors: amounts falling due after more than one year
(577,261)
(625,972)
Net assets
307,822
290,689
Called up share capital
5
5
Profit and loss account
307,817
290,684
Shareholders' funds
307,822
290,689
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
David Drinkel
Director
Company Registration No. 07038522
Travers Care Limited
Notes to the Accounts
for the year ended 31 October 2023
Travers Care Limited is a private company, limited by shares, registered in England and Wales, registration number 07038522.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
928,030
54,455
8,183
990,668
At 31 October 2023
928,030
54,455
8,183
990,668
At 1 November 2022
-
38,273
6,973
45,246
Charge for the year
-
3,236
242
3,478
At 31 October 2023
-
41,509
7,215
48,724
At 31 October 2023
928,030
12,946
968
941,944
At 31 October 2022
928,030
16,182
1,210
945,422
Amounts falling due within one year
Amounts due from group undertakings etc.
1,739
9,956
Accrued income and prepayments
1,936
2,228
Travers Care Limited
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
54,221
22,096
Taxes and social security
6,481
14,054
Loans from directors
-
4,928
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
256,293
318,359
Loans from directors
320,968
307,613
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).