Registered number
11083014
AKR CARE HOMES LIMITED
Filleted Accounts
30 November 2023
AKR CARE HOMES LIMITED
Registered number: 11083014
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 127,608 76,239
Cash at bank and in hand 9,610 42,517
137,218 118,756
Creditors: amounts falling due within one year 5 (108,356) (80,312)
Net current assets 28,862 38,444
Total assets less current liabilities 28,862 38,444
Creditors: amounts falling due after more than one year 6 (26,667) (35,615)
Net assets 2,195 2,829
Capital and reserves
Called up share capital 99 99
Profit and loss account 2,096 2,730
Shareholders' funds 2,195 2,829
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Rana Hafeez Ur-Rehman
Director
Approved by the board on 19 July 2024
AKR CARE HOMES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure .Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets
Computers and equipment 33.33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 19 39
3 Tangible fixed assets
Plant and machinery etc
£
Fair value
At 1 December 2022 390
At 30 November 2023 390
Depreciation
At 1 December 2022 390
At 30 November 2023 390
Net book value
At 30 November 2023 -
4 Debtors 2023 2022
£ £
Other debtors 127,608 76,239
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 37,230 77,280
Other taxes and social security costs 6,299 1,231
Other creditors 64,827 1,801
108,356 80,312
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 26,667 35,615
7 Controlling party
The directors control the company.
8 Other information
AKR CARE HOMES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1 Greenwood Drive
Wilmslow
Cheshire
United Kingdom
SK9 2RW
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