Registered number
09768710
STABLE LIVES CARE LTD
Filleted Accounts
30 September 2023
STABLE LIVES CARE LTD
Registered number: 09768710
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,057 10,780
Current assets
Debtors 4 158,297 71,693
Cash at bank and in hand 81,828 46,468
240,125 118,161
Creditors: amounts falling due within one year 5 (97,640) (99,294)
Net current assets 142,485 18,867
Total assets less current liabilities 159,542 29,647
Creditors: amounts falling due after more than one year 6 (29,907) (26,667)
Provisions for liabilities (3,227) (2,049)
Net assets 126,408 931
Capital and reserves
Called up share capital 100 100
Profit and loss account 126,308 831
Shareholders' funds 126,408 931
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs T.Jones
Director
Approved by the board on 30 August 2024
STABLE LIVES CARE LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33% Reducing balance method
Leasehold land and buildings 33.33% Reducing balance method
Motor Vehicle 25% Reducing balance method
Fixtures, fittings, tools and equipment 25% Reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 35 47
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2022 5,409 11,043 8,945 25,397
Additions - 6,854 3,645 10,499
At 30 September 2023 5,409 17,897 12,590 35,896
Depreciation
At 1 October 2022 3,806 5,066 5,745 14,617
Charge for the year 534 2,736 952 4,222
At 30 September 2023 4,340 7,802 6,697 18,839
Net book value
At 30 September 2023 1,069 10,095 5,893 17,057
At 30 September 2022 1,603 5,977 3,200 10,780
4 Debtors 2023 2022
£ £
Trade debtors 13,454 -
Intercompany 8,052 3,700
Prepayment - 540
Director's current account 123,431 55,449
S455 Tax 4,636 4,636
PAYE 6,634 -
Other debtors 2,090 7,368
158,297 71,693
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,376 11,752
Wage control account 39,895 33,946
Pension 342 1,573
Taxation and social security costs 48,567 48,903
Other creditors 3,460 3,120
97,640 99,294
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 29,907 26,667
7 Other information
STABLE LIVES CARE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 12 Neepsend House
1 Percy Street
Sheffield
South Yorkshire
S3 8BT
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