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REGISTERED NUMBER: SC167583 (Scotland)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HRM HOMECARE SERVICES LTD.

HRM HOMECARE SERVICES LTD. (REGISTERED NUMBER: SC167583)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HRM HOMECARE SERVICES LTD.

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTOR: Mrs L Laughland



SECRETARY: R S Laughland



REGISTERED OFFICE: 75 London Road
Kilmarnock
KA3 7BP



REGISTERED NUMBER: SC167583 (Scotland)



AUDITORS: Curle & Co
Chartered Accountants & Registered Auditor
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: The Royal Bank of Scotland
Prestwick Branch
41 Main Street
Prestwick
KA9 1AE



SOLICITORS: James B.Black & Hay
45/47 Main Street
Prestwick
Ayrshire
KA9 1AF

HRM HOMECARE SERVICES LTD. (REGISTERED NUMBER: SC167583)

ABRIDGED BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,422 27,634
Tangible assets 5 49,432 46,519
67,854 74,153

CURRENT ASSETS
Debtors 998,878 1,086,357
Cash at bank and in hand 1,179,530 900,038
2,178,408 1,986,395
CREDITORS
Amounts falling due within one year 1,018,678 1,011,539
NET CURRENT ASSETS 1,159,730 974,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,227,584

1,049,009

PROVISIONS FOR LIABILITIES 813 1,247
NET ASSETS 1,226,771 1,047,762

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,225,771 1,046,762
SHAREHOLDERS' FUNDS 1,226,771 1,047,762

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

HRM HOMECARE SERVICES LTD. (REGISTERED NUMBER: SC167583)

ABRIDGED BALANCE SHEET - continued
31 August 2023



The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





Mrs L Laughland - Director


HRM HOMECARE SERVICES LTD. (REGISTERED NUMBER: SC167583)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Hrm Homecare Services Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold - 15% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 303 (2022 - 288 ) .

HRM HOMECARE SERVICES LTD. (REGISTERED NUMBER: SC167583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 46,056
AMORTISATION
At 1 September 2022 18,422
Amortisation for year 9,212
At 31 August 2023 27,634
NET BOOK VALUE

At 31 August 2023 18,422
At 31 August 2022 27,634

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 229,262
Additions 17,411
At 31 August 2023 246,673
DEPRECIATION
At 1 September 2022 182,743
Charge for year 14,498
At 31 August 2023 197,241
NET BOOK VALUE
At 31 August 2023 49,432
At 31 August 2022 46,519

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 72,749 73,325
Between one and five years 53,028 89,027
125,777 162,352

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gareth Curle Senior Statutory Auditor
for and on behalf of Curle & Co

HRM HOMECARE SERVICES LTD. (REGISTERED NUMBER: SC167583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £205,090 (2022: £165,361). At the balance sheet date, unpaid contributions of £19,975 (2022: £16,310) were due to the fund. They are included in pension creditor and accrued expenses.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
Mrs L Laughland
Balance outstanding at start of year - 19,000
Amounts repaid - (19,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

During the year loans, invoices relating to expense recharges and monies received for expense recharges amounting to £1,711 (2022: £1,882), was received from a related party by virtue of common control. The Company advanced £90,000 (2022: £90,000 repaid) via expense recharges and bank payments to the related party. At year end £122,272 (2022: £166,084) was due to the related party.

During the year an entity controlled by a close member of the Company's controlling party had an outstanding loan. £nil was repaid during the year (2022: £135,000). At year end £40,000 was due from the related party (2022: £40,000).

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L Laughland.