Plymouth Supported Living Ltd 06958521 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is support and care of individuals with mental and physical disabilities Digita Accounts Production Advanced 6.30.9574.0 true true 06958521 2023-04-01 2024-03-31 06958521 2024-03-31 06958521 core:CurrentFinancialInstruments 2024-03-31 06958521 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06958521 bus:SmallEntities 2023-04-01 2024-03-31 06958521 bus:Audited 2023-04-01 2024-03-31 06958521 bus:FilletedAccounts 2023-04-01 2024-03-31 06958521 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06958521 bus:RegisteredOffice 2023-04-01 2024-03-31 06958521 bus:Director3 2023-04-01 2024-03-31 06958521 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06958521 countries:AllCountries 2023-04-01 2024-03-31 06958521 2022-04-01 2023-03-31 06958521 2023-03-31 06958521 core:CurrentFinancialInstruments 2023-03-31 06958521 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06958521

Plymouth Supported Living Ltd

Filleted Financial Statements

for the Year Ended 31 March 2024

 

Plymouth Supported Living Ltd

Contents

Statement of Financial Position

1

Notes to the Financial Statements

2 to 5

 

Plymouth Supported Living Ltd

(Registration number: 06958521)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

52,126

25,868

Cash at bank and in hand

 

22,492

57,634

 

74,618

83,502

Creditors: Amounts falling due within one year

5

(12,027)

(20,172)

Net assets

 

62,591

63,330

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

61,591

62,330

Shareholders' funds

 

62,591

63,330

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 28 August 2024
 


John Knight
Director

 

Plymouth Supported Living Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
207 Outland Road
Plymouth
Devon
PL2 3PF

Principal activity

The principal activity of the company is support and care of individuals with mental and physical disabilities

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Plymouth Supported Living Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 28 August 2024 was Adam Croney ACA, who signed for and on behalf of Westcotts (SW) LLP.

.........................................

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Plymouth Supported Living Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 30 (2023 - 32).

4

Debtors

2024
£

2023
£

Trade debtors

51,587

25,329

Amounts owed by related parties

539

539

52,126

25,868

 

Plymouth Supported Living Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,869

2,222

Taxation and social security

4,938

14,470

Accruals and deferred income

5,220

3,480

12,027

20,172

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

7

Related party transactions

Summary of transactions with parent

At the balance sheet date, Plymouth Highbury Trust (parent charity) owed the company £539 (2023: £539). The trustees of the charity (who are the ultimate controlling party of the company) have agreed to meet expenses on behalf of the subsidiary, in order for the subsidiary to fulfil its activities, which the trustees consider to be wholly in agreement with the charity's objectives.