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Registrar

Registration number: 10456720

Crosspath Care Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Crosspath Care Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Crosspath Care Ltd

Company Information

Directors

G L Caprioli-Blake

G W T Caprioli-Blake

Registered office

Suite 9
Blackwell House
Coggeshall Road
Earls Colne
Essex
CO6 2JX

Bankers

HSBC
Great Square
Braintree
Essex
CM7 7UE

Accountants

Lambert Chapman LLP
Chartered accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Crosspath Care Ltd

(Registration number: 10456720)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

21,119

16,621

Current assets

 

Debtors

5

115,397

116,352

Cash at bank and in hand

 

47,358

55,277

 

162,755

171,629

Creditors: Amounts falling due within one year

6

(81,062)

(61,369)

Net current assets

 

81,693

110,260

Total assets less current liabilities

 

102,812

126,881

Provisions for liabilities

(2,657)

(2,301)

Net assets

 

100,155

124,580

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

100,055

124,480

Shareholders' funds

 

100,155

124,580

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Profit and Loss Account.

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 

G L Caprioli-Blake
Director

 

Crosspath Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

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

The address of its registered office and principal place of business is: Suite 9, Blackwell House, Coggeshall Road, Earls Colne, Essex, CO6 2JX.

These financial statements were authorised for issue by the Board on 29 August 2024.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of care services. Turnover is shown net of returns, rebates and discounts.

Grant income, including government grants, are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Grants relating to turnover are recognised as income over the periods when the related costs are incurred.

Tax

Current Tax is recognised in the profit and loss account, 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.

Deferred tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

Crosspath Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, over their useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance basis

Office equipment

33% Straight line basis

Other tangible assets

10% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 52 (2022 - 56).

 

Crosspath Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Office equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

19,101

5,150

3,100

27,351

Additions

155

10,490

-

10,645

At 30 November 2023

19,256

15,640

3,100

37,996

Depreciation

At 1 December 2022

8,566

1,931

233

10,730

Charge for the year

4,814

1,023

310

6,147

At 30 November 2023

13,380

2,954

543

16,877

Carrying amount

At 30 November 2023

5,876

12,686

2,557

21,119

At 30 November 2022

10,535

3,219

2,867

16,621

5

Debtors

Note

2023
£

2022
£

Trade debtors

 

77,008

32,062

Other debtors

 

468

-

Directors loan

8

-

158

Prepayments

 

37,921

84,132

 

115,397

116,352

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

6,277

1,204

Other creditors

8,562

1,793

Taxation and social security

36,545

34,340

Accruals and deferred income

29,678

24,032

81,062

61,369

 

Crosspath Care Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary 0.01 of £0.01 each

10,000

100

10,000

100

       

8

Related party transactions

Transactions with directors

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Directors Loan

158

2,950

(6,974)

(3,866)

 

2022

At 1 December 2021
£

Advances to director
£

Repayments by director
£

At 30 November 2022
£

Directors Loan

(1,654)

46,154

(44,342)

158