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REGISTERED NUMBER: 05658905 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ERISKAY RESIDENTIAL CARE LTD

ERISKAY RESIDENTIAL CARE LTD (REGISTERED NUMBER: 05658905)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ERISKAY RESIDENTIAL CARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs A M Zennadi
Mr M Mee
Mrs R Bailey





SECRETARY: Mrs A M Zennadi





REGISTERED OFFICE: 14 Gelliwastad Road
Pontypridd
RCT
CF37 2BW





REGISTERED NUMBER: 05658905 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

ERISKAY RESIDENTIAL CARE LTD (REGISTERED NUMBER: 05658905)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 30,009 22,878
30,009 22,878

CURRENT ASSETS
Debtors 6 66,985 106,271
Cash at bank and in hand 32,138 68,741
99,123 175,012
CREDITORS
Amounts falling due within one year 7 46,652 65,064
NET CURRENT ASSETS 52,471 109,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,480

132,826

CREDITORS
Amounts falling due after more than one
year

8

(7,400

)

(7,400

)

PROVISIONS FOR LIABILITIES (3,449 ) (1,963 )
NET ASSETS 71,631 123,463

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 71,621 123,453
SHAREHOLDERS' FUNDS 71,631 123,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ERISKAY RESIDENTIAL CARE LTD (REGISTERED NUMBER: 05658905)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:





Mrs A M Zennadi - Director


ERISKAY RESIDENTIAL CARE LTD (REGISTERED NUMBER: 05658905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Eriskay Residential Care Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents contracted fees raised to the local authorities, excluding value added tax, for residential care services provided to its residents.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

The directors have considered the useful life of the goodwill and have adjusted the policy from 20 years to a finite period of 10 years. The annual adjustment to the amortisation charge due to the policy change is £1,750. The directors do not consider an impairment review to be necessary.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 50% on cost
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


ERISKAY RESIDENTIAL CARE LTD (REGISTERED NUMBER: 05658905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 35,000
AMORTISATION
At 1 January 2023
and 31 December 2023 35,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

ERISKAY RESIDENTIAL CARE LTD (REGISTERED NUMBER: 05658905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,006 57,571 58,577
Additions - 13,339 13,339
At 31 December 2023 1,006 70,910 71,916
DEPRECIATION
At 1 January 2023 - 35,699 35,699
Charge for year - 6,208 6,208
At 31 December 2023 - 41,907 41,907
NET BOOK VALUE
At 31 December 2023 1,006 29,003 30,009
At 31 December 2022 1,006 21,872 22,878

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 47,495 88,776
Other debtors 19,490 17,495
66,985 106,271

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 6,322 1,121
Taxation and social security 9,451 36,151
Other creditors 30,879 27,792
46,652 65,064

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Other creditors 7,400 7,400

9. SECURED DEBTS

The bank has a fixed and floating charge over the company assets.

ERISKAY RESIDENTIAL CARE LTD (REGISTERED NUMBER: 05658905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
20 Ordinary £0.50 10 10

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
Mrs A M Zennadi and Mr M Mee
Balance outstanding at start of year 15,230 7,418
Amounts advanced 16,299 15,230
Amounts repaid (15,230 ) (7,418 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,299 15,230

The directors loans are repayable on demand and were repaid shortly after the year end.