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No description of principal activity
2022-12-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
06758058
2022-12-01
2023-11-30
06758058
2023-11-30
06758058
2022-11-30
06758058
2021-12-01
2022-11-30
06758058
2022-11-30
06758058
2021-11-30
06758058
core:NetGoodwill
2022-12-01
2023-11-30
06758058
core:PlantMachinery
2022-12-01
2023-11-30
06758058
core:MotorVehicles
2022-12-01
2023-11-30
06758058
bus:OrdinaryShareClass1
2022-12-01
2023-11-30
06758058
bus:OrdinaryShareClass2
2022-12-01
2023-11-30
06758058
bus:Director1
2022-12-01
2023-11-30
06758058
core:WithinOneYear
2023-11-30
06758058
core:WithinOneYear
2022-11-30
06758058
core:AfterOneYear
2023-11-30
06758058
core:AfterOneYear
2022-11-30
06758058
core:ShareCapital
2023-11-30
06758058
core:ShareCapital
2022-11-30
06758058
core:RetainedEarningsAccumulatedLosses
2023-11-30
06758058
core:RetainedEarningsAccumulatedLosses
2022-11-30
06758058
core:BetweenOneFiveYears
2023-11-30
06758058
bus:SmallEntities
2022-12-01
2023-11-30
06758058
bus:AuditExemptWithAccountantsReport
2022-12-01
2023-11-30
06758058
bus:SmallCompaniesRegimeForAccounts
2022-12-01
2023-11-30
06758058
bus:PrivateLimitedCompanyLtd
2022-12-01
2023-11-30
06758058
bus:AbridgedAccounts
2022-12-01
2023-11-30
06758058
bus:OrdinaryShareClass1
2023-11-30
06758058
bus:OrdinaryShareClass1
2022-11-30
06758058
bus:OrdinaryShareClass2
2023-11-30
06758058
bus:OrdinaryShareClass2
2022-11-30
06758058
bus:AllOrdinaryShares
2023-11-30
06758058
bus:AllOrdinaryShares
2022-11-30
06758058
core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity
2023-11-30
06758058
core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity
2022-11-30
COMPANY REGISTRATION NUMBER:
06758058
Filleted Unaudited Abridged Financial Statements |
|
Abridged Financial Statements |
|
Year Ended 30 November 2023
Abridged statement of financial position |
1 to 2 |
|
|
Notes to the abridged financial statements |
3 to 6 |
|
|
Abridged Statement of Financial Position |
|
30 November 2023
Fixed Assets
Tangible assets |
6 |
|
984,021 |
1,014,264 |
|
|
|
|
|
Current Assets
Stocks |
572 |
|
861 |
Debtors |
143,503 |
|
125,038 |
Cash at bank and in hand |
121,634 |
|
83,841 |
|
--------- |
|
--------- |
|
265,709 |
|
209,740 |
|
|
|
|
Creditors: amounts falling due within one year |
527,219 |
|
437,908 |
|
--------- |
|
--------- |
Net Current Liabilities |
|
261,510 |
228,168 |
|
|
--------- |
------------ |
Total Assets Less Current Liabilities |
|
722,511 |
786,096 |
|
|
|
|
Creditors: amounts falling due after more than one year |
|
502,065 |
592,759 |
|
|
|
|
Provisions
Taxation including deferred tax |
|
68,016 |
71,648 |
|
|
--------- |
--------- |
Net Assets |
|
152,430 |
121,689 |
|
|
--------- |
--------- |
|
|
|
|
Capital and Reserves
Called up share capital |
8 |
|
100 |
100 |
Profit and loss account |
|
152,330 |
121,589 |
|
|
--------- |
--------- |
Shareholders Funds |
|
152,430 |
121,689 |
|
|
--------- |
--------- |
|
|
|
|
|
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
Abridged Statement of Financial Position (continued) |
|
30 November 2023
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
8 August 2024
, and are signed on behalf of the board by:
Company registration number:
06758058
Notes to the Abridged Financial Statements |
|
Year Ended 30 November 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 17 Priory Road, Nether Edge, Sheffield, S7 1LW.
2.
Statement of compliance
These abridged 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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents accrued residents fees for the accounting year reported.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
10% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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 |
|
Motor vehicle |
- |
25% reducing balance |
|
|
|
|
In determining the residual value of freehold property the directors have considered the amount they would currently obtain from disposal of the asset, if the asset were already of the age and condition expected at the end of its useful life. As a result the directors estimate any depreciation charge to be immaterial and as such the depreciation charge is nil for the period.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government and local authority grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
45
(2022:
47
).
5.
Intangible assets
|
£ |
Cost |
|
At 1 December 2022 and 30 November 2023 |
1,000,000 |
|
------------ |
Amortisation |
|
At 1 December 2022 and 30 November 2023 |
1,000,000 |
|
------------ |
Carrying amount |
|
At 30 November 2023 |
– |
|
------------ |
At 30 November 2022 |
– |
|
------------ |
|
|
6.
Tangible assets
|
£ |
Cost |
|
At 1 December 2022 |
1,181,427 |
Additions |
16,836 |
|
------------ |
At 30 November 2023 |
1,198,263 |
|
------------ |
Depreciation |
|
At 1 December 2022 |
167,163 |
Charge for the year |
47,079 |
|
------------ |
At 30 November 2023 |
214,242 |
|
------------ |
Carrying amount |
|
At 30 November 2023 |
984,021 |
|
------------ |
At 30 November 2022 |
1,014,264 |
|
------------ |
|
|
7.
Secured liabilities
The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £557,522 (2022: £639,216).
8.
Called up share capital
Issued, called up and fully paid
|
2023 |
2022 |
|
No. |
£ |
No. |
£ |
Ordinary A shares shares of £ 1 each |
50 |
50 |
50 |
50 |
Ordinary B shares shares of £ 1 each |
50 |
50 |
50 |
50 |
|
---- |
---- |
---- |
---- |
|
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2023 |
2022 |
|
£ |
£ |
Not later than 1 year |
9,402 |
– |
Later than 1 year and not later than 5 years |
21,939 |
– |
|
-------- |
---- |
|
31,341 |
– |
|
-------- |
---- |
|
|
|
10.
Related party transactions
During the year balances were outstanding between the company and its related parties. Amounts due from/(to) the related companies:
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Amounts owed to related parties |
(
64,889) |
(
59,450) |
|
Amounts owed by entities under common control |
37,237 |
29,095 |
|
Amounts owed to entities under common control |
(74,692) |
(37,625) |
|
|
|
|
All outstanding balances with related parties are unsecured, interest free, and payable on demand.
11.
Ultimate holding company
The company is a wholly owned subsidiary of
Twelve Trees Care Limited
, a company incorporated and registered in England and Wales. The registered office address is 17 Priory Road, Nether Edge, Sheffield, S7 1LW
and copy accounts can be found at Companies House.