Able Community Care Limited 07490736 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is the provision of care services Digita Accounts Production Advanced 6.30.9574.0 true true 07490736 2023-02-01 2024-01-31 07490736 2024-01-31 07490736 core:CurrentFinancialInstruments 2024-01-31 07490736 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07490736 core:Goodwill 2024-01-31 07490736 core:MotorVehicles 2024-01-31 07490736 core:OfficeEquipment 2024-01-31 07490736 bus:SmallEntities 2023-02-01 2024-01-31 07490736 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07490736 bus:FilletedAccounts 2023-02-01 2024-01-31 07490736 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07490736 bus:RegisteredOffice 2023-02-01 2024-01-31 07490736 bus:Director1 2023-02-01 2024-01-31 07490736 bus:Director2 2023-02-01 2024-01-31 07490736 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07490736 core:Goodwill 2023-02-01 2024-01-31 07490736 core:MotorCars 2023-02-01 2024-01-31 07490736 core:MotorVehicles 2023-02-01 2024-01-31 07490736 core:OfficeEquipment 2023-02-01 2024-01-31 07490736 countries:England 2023-02-01 2024-01-31 07490736 2023-01-31 07490736 core:Goodwill 2023-01-31 07490736 core:MotorVehicles 2023-01-31 07490736 core:OfficeEquipment 2023-01-31 07490736 2022-02-01 2023-01-31 07490736 2023-01-31 07490736 core:CurrentFinancialInstruments 2023-01-31 07490736 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07490736 core:Goodwill 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 07490736

Able Community Care Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Able Community Care Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Able Community Care Limited

Company Information

Directors

Mrs AE Gifford

Mrs Polly Wagstaff

Registered office

The Old Parish Rooms Whitlingham Lane
Trowse
Norwich
NR14 8TZ

Accountants

CG ACCOUNTING & TAX LTD
4 Ashingdon Heights
Rochford
Essex
SS43TH

 

Able Community Care Limited

Directors' Report for the Year Ended 31 January 2024

The directors present their report and the financial statements for the year ended 31 January 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs AE Gifford

Mrs Polly Wagstaff

Principal activity

The principal activity of the company is the provision of care services

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 15 July 2024 and signed on its behalf by:
 

.........................................
Mrs AE Gifford
Director

 

Able Community Care Limited

(Registration number: 07490736)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

33,624

42,030

Tangible assets

5

1,330

-

 

34,954

42,030

Current assets

 

Debtors

6

373,666

215,700

Cash at bank and in hand

 

316

109,156

 

373,982

324,856

Creditors: Amounts falling due within one year

7

(127,811)

(127,848)

Net current assets

 

246,171

197,008

Total assets less current liabilities

 

281,125

239,038

Provisions for liabilities

(3,187)

(3,653)

Net assets

 

277,938

235,385

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

277,838

235,285

Shareholders' funds

 

277,938

235,385

For the financial year ending 31 January 2024 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 15 July 2024 and signed on its behalf by:
 

 

Able Community Care Limited

(Registration number: 07490736)
Balance Sheet as at 31 January 2024

.........................................
Mrs AE Gifford
Director

 

Able Community Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
The Old Parish Rooms Whitlingham Lane
Trowse
Norwich
NR14 8TZ
England

These financial statements were authorised for issue by the Board on 15 July 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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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 and deferred 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.

 

Able Community Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% straight line

Office equipment

20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% reducing balance

Cash and cash equivalents

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

 

Able Community Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

 

Able Community Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 12).

 

Able Community Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2023

400,000

400,000

At 31 January 2024

400,000

400,000

Amortisation

At 1 February 2023

357,970

357,970

Amortisation charge

8,406

8,406

At 31 January 2024

366,376

366,376

Carrying amount

At 31 January 2024

33,624

33,624

At 31 January 2023

42,030

42,030

5

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

26,069

19,050

45,119

Additions

1,662

-

1,662

At 31 January 2024

27,731

19,050

46,781

Depreciation

At 1 February 2023

26,069

19,050

45,119

Charge for the year

332

-

332

At 31 January 2024

26,401

19,050

45,451

Carrying amount

At 31 January 2024

1,330

-

1,330

 

Able Community Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

241,251

196,290

Prepayments

6,333

6,041

Other debtors

126,082

13,369

 

373,666

215,700

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

3,858

6,356

Taxation and social security

51,695

68,365

Accruals and deferred income

58,625

37,461

Other creditors

13,633

15,666

127,811

127,848

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Related party transactions

 

Able Community Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

114,439

114,070

Contributions paid to money purchase schemes

1,321

1,321

115,760

115,391