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COMPANY REGISTRATION NUMBER: 12875012
Action for Care Contracts Limited
Filleted Abridged Financial Statements
31 August 2023
Action for Care Contracts Limited
Abridged Financial Statements
Year Ended 31 August 2023
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
2
Action for Care Contracts Limited
Abridged Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
Current Assets
Debtors
488,247
42,018
Cash at bank and in hand
1,759
45,409
---------
--------
490,006
87,427
Creditors: amounts falling due within one year
492,825
87,427
---------
--------
Net Current Liabilities
2,819
-------
----
Total Assets Less Current Liabilities
( 2,819)
-------
----
Net Liabilities
( 2,819)
-------
----
Capital and Reserves
Called up share capital
5
1
1
Profit and loss account
( 2,820)
( 1)
-------
----
Shareholders Deficit
( 2,819)
-------
----
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.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
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 31 August 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 29 August 2024 , and are signed on behalf of the board by:
Mr R Hadfield
Director
Company registration number: 12875012
Action for Care Contracts Limited
Notes to the Abridged Financial Statements
Year Ended 31 August 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 Unit 4, Courtyard, 8 Market Place, Belper, DE56 1FZ.
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
Turnover represents residents' fees earned during the year, net of value added tax.
Taxation
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.
Financial instruments
Debtors and creditors with no stated interest rate, and repayable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
6. Summary audit opinion
The auditor's report dated 29 August 2024 was unqualified .
The senior statutory auditor was David Waining FCA , for and on behalf of MCABA Limited t/a Mitchells .
7. Related party transactions
During the year, the company provided and received short term loans from related parties and group undertakings. The balances outstanding and due from/(to) related parties at 31 August 2023 are as follows:
2023 2022
£ £
Amounts owed to group undertakings (383,235) (73,352)
Amounts due from group undertakings 304,682
Outstanding balances with entities are unsecured, interest free and repayable on demand.
8. Controlling party
The directors consider the ultimate parent undertaking to be Hadfield Group Limited, a company registered in England and Wales. Consolidated financial statements can be obtained from the company's registered address; 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA.