Company registration number 11001919 (England and Wales)
ALSTON LODGE COMMUNITY CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ALSTON LODGE COMMUNITY CARE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ALSTON LODGE COMMUNITY CARE LIMITED
BALANCE SHEET
AS AT
30 DECEMBER 2023
30 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
833
Tangible assets
4
1,666
1,982
1,666
2,815
Current assets
Debtors
5
82,782
72,030
Cash at bank and in hand
8,960
7,525
91,742
79,555
Creditors: amounts falling due within one year
6
(55,961)
(46,807)
Net current assets
35,781
32,748
Total assets less current liabilities
37,447
35,563
Creditors: amounts falling due after more than one year
7
(34,722)
(40,278)
Provisions for liabilities
(417)
(496)
Net assets/(liabilities)
2,308
(5,211)
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
2,307
(5,212)
Total equity
2,308
(5,211)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ALSTON LODGE COMMUNITY CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 DECEMBER 2023
30 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 August 2024 and are signed on its behalf by:
Mrs S L Burns
Director
Company registration number 11001919 (England and Wales)
ALSTON LODGE COMMUNITY CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023
- 3 -
1
Accounting policies
Company information
Alston Lodge Community Care Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.
1.3
Turnover
Turnover represents amounts receivable for goods and services.
1.4
Intangible fixed assets - goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of five years.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% reducing balance
Computers
20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
ALSTON LODGE COMMUNITY CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax..
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
23
20
ALSTON LODGE COMMUNITY CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2023
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 31 December 2022 and 30 December 2023
10,000
Amortisation and impairment
At 31 December 2022
9,167
Amortisation charged for the year
833
At 30 December 2023
10,000
Carrying amount
At 30 December 2023
At 30 December 2022
833
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 31 December 2022 and 30 December 2023
2,905
Depreciation and impairment
At 31 December 2022
923
Depreciation charged in the year
316
At 30 December 2023
1,239
Carrying amount
At 30 December 2023
1,666
At 30 December 2022
1,982
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
43,154
32,385
Amounts owed by group undertakings
38,256
38,392
Other debtors
1,372
1,253
82,782
72,030
ALSTON LODGE COMMUNITY CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2023
- 6 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
5,556
5,556
Trade creditors
2,097
8,214
Corporation tax
74
Other taxation and social security
10,962
4,081
Other creditors
1,212
Accruals
36,060
28,956
55,961
46,807
Bank loans are secured by the Bounce Back Loan Scheme managed by the British Business Bank.
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
34,722
40,278
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
12,500
18,056
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1