19 29 August 2024 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05874136 2022-09-01 2023-08-31 05874136 2023-08-31 05874136 2022-08-31 05874136 2021-09-01 2022-08-31 05874136 2022-08-31 05874136 2021-08-31 05874136 core:FurnitureFittings 2022-09-01 2023-08-31 05874136 core:MotorVehicles 2022-09-01 2023-08-31 05874136 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 05874136 bus:Director1 2022-09-01 2023-08-31 05874136 core:WithinOneYear 2023-08-31 05874136 core:WithinOneYear 2022-08-31 05874136 core:ShareCapital 2023-08-31 05874136 core:ShareCapital 2022-08-31 05874136 core:RetainedEarningsAccumulatedLosses 2023-08-31 05874136 core:RetainedEarningsAccumulatedLosses 2022-08-31 05874136 bus:Director1 2022-08-31 05874136 bus:Director1 2022-08-31 05874136 bus:Director1 2021-09-01 2022-08-31 05874136 bus:SmallEntities 2022-09-01 2023-08-31 05874136 bus:Audited 2022-09-01 2023-08-31 05874136 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 05874136 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05874136 bus:AbridgedAccounts 2022-09-01 2023-08-31 05874136 bus:OrdinaryShareClass1 2023-08-31 05874136 bus:OrdinaryShareClass1 2022-08-31 05874136 core:OfficeEquipment 2022-09-01 2023-08-31 05874136 core:LandBuildings 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: 05874136
Four Care Plus Limited
Filleted Abridged Financial Statements
31 August 2023
Four Care Plus Limited
Abridged Financial Statements
Year Ended 31 August 2023
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 6
Four Care Plus Limited
Abridged Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
5
598,008
600,639
Current Assets
Stocks
300
300
Debtors
436,186
132,279
Cash at bank and in hand
13,495
55,928
---------
---------
449,981
188,507
Creditors: amounts falling due within one year
540,606
356,332
---------
---------
Net Current Liabilities
90,625
167,825
---------
---------
Total Assets Less Current Liabilities
507,383
432,814
Provisions
Taxation including deferred tax
18,947
14,476
---------
---------
Net Assets
488,436
418,338
---------
---------
Capital and Reserves
Called up share capital
7
3
3
Profit and loss account
488,433
418,335
---------
---------
Shareholders Funds
488,436
418,338
---------
---------
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.
Four Care Plus Limited
Abridged Statement of Financial Position (continued)
31 August 2023
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: 05874136
Four Care Plus 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 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA. The company's place of business 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.
Government grants
Government and local authority grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will received. Government grants are recognised using the accrual model.
Revenue recognition
The turnover shown in the profit and loss account represents residents' fees earned during the year.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
20% reducing balance
Equipment
-
20% reducing balance
There is no charge in respect of depreciation on freehold buildings for the period. In determining the residual value of freehold buildings, the director has considered the amount he would currently obtain from disposal of the asset if the asset were already of the age and condition expected at the end of its useful life, having regard to the factors mentioned above. As a result, the director estimates any depreciation charge to be immaterial and as such the depreciation charge is nil for the period.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at cost.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2022: 18 ).
5. Tangible assets
£
Cost
At 1 September 2022
673,071
Additions
6,021
Disposals
( 9,366)
---------
At 31 August 2023
669,726
---------
Depreciation
At 1 September 2022
72,432
Charge for the year
6,497
Disposals
( 7,211)
---------
At 31 August 2023
71,718
---------
Carrying amount
At 31 August 2023
598,008
---------
At 31 August 2022
600,639
---------
6. Securities
There is a first legal charge and an unlimited debenture incorporating a fixed and floating charge over the property and assets of the company in respect of group wide bank borrowings.
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
3
3
3
3
----
----
----
----
8. 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 .
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr R Hadfield
4,095
( 4,095)
-------
-------
----
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr R Hadfield
4,095
4,095
----
-------
-------
10. 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 (276,880) (206,325)
Amounts due from group undertakings 383,235 45,778
Amounts due from related parties 35,000
Outstanding balances with entities are unsecured, interest free and repayable on demand.
11. Ultimate parent company
The company is a 100% owned subsidiary of Action For Care Limited, a company incorporated in England and Wales.
The director considers the ultimate parent company to be Hadfield Group Limited, a company incorporated in England and Wales. Consolidated financial statements can be obtained from the company's registered address; 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA.