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COMPANY REGISTRATION NUMBER: 07742373
Villa Care Ltd
Filleted Unaudited Financial Statements
31 October 2023
Villa Care Ltd
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
700,000
700,000
Tangible assets
6
1,705,427
1,706,991
------------
------------
2,405,427
2,406,991
Current assets
Debtors
7
354,632
213,467
Cash at bank and in hand
145,730
100,543
---------
---------
500,362
314,010
Creditors: amounts falling due within one year
8
( 327,426)
( 117,334)
---------
---------
Net current assets
827,788
431,344
------------
------------
Total assets less current liabilities
3,233,215
2,838,335
Creditors: amounts falling due after more than one year
9
1,754,140
1,496,316
------------
------------
Net assets
1,479,075
1,342,019
------------
------------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
1,478,075
1,341,019
------------
------------
Shareholders funds
1,479,075
1,342,019
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Villa Care Ltd
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
Mr H Taylor
Director
Company registration number: 07742373
Villa Care Ltd
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales.
The address of the registered office is 10 Park Avenue, Roundhay, Leeds,
West Yorkshire, LS8 2JH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
33% reducing balance
Motor vehicles
-
33% reducing balance
Equipment
-
33 % reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 81 (2022: 78 ).
5. Intangible assets
Goodwill
£
Cost
At 1 November 2022 and 31 October 2023
700,000
---------
Amortisation
At 1 November 2022 and 31 October 2023
---------
Carrying amount
At 31 October 2023
700,000
---------
At 31 October 2022
700,000
---------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 November 2022 and 31 October 2023
1,694,240
49,343
72,279
25,329
1,841,191
------------
--------
--------
--------
------------
Depreciation
At 1 November 2022
42,740
65,746
23,391
131,877
Charge for the year
1,650
1,598
639
3,887
------------
--------
--------
--------
------------
At 31 October 2023
44,390
67,344
24,030
135,764
------------
--------
--------
--------
------------
Carrying amount
At 31 October 2023
1,694,240
4,953
4,935
1,299
1,705,427
------------
--------
--------
--------
------------
At 31 October 2022
1,694,240
6,603
6,533
1,938
1,709,314
------------
--------
--------
--------
------------
7. Debtors
2023
2022
£
£
Trade debtors
298,920
213,467
Other debtors
55,712
---------
---------
354,632
213,467
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
2,954
10,740
Trade creditors
94,058
46,104
Corporation tax
119,492
79,430
Social security and other taxes
231,638
113,483
Other creditors
( 775,568)
( 367,091)
---------
---------
( 327,426)
( 117,334)
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,729,563
1,489,859
Pension liability
24,577
6,457
------------
------------
1,754,140
1,496,316
------------
------------
10. Directors' advances, credits and guarantees
11. Related party transactions
The company was under the control of Ms Louise Taylor throughout the current and previous year. Ms Louise Taylor is the managing director and majority shareholder.