Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09442130 Mr Mark Collier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09442130 2022-12-31 09442130 2023-12-31 09442130 2023-01-01 2023-12-31 09442130 frs-core:CurrentFinancialInstruments 2023-12-31 09442130 frs-core:Non-currentFinancialInstruments 2023-12-31 09442130 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 09442130 frs-core:FurnitureFittings 2023-12-31 09442130 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09442130 frs-core:FurnitureFittings 2022-12-31 09442130 frs-core:MotorVehicles 2023-01-01 2023-12-31 09442130 frs-core:OtherResidualIntangibleAssets 2023-12-31 09442130 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 09442130 frs-core:OtherResidualIntangibleAssets 2022-12-31 09442130 frs-core:PlantMachinery 2023-12-31 09442130 frs-core:PlantMachinery 2023-01-01 2023-12-31 09442130 frs-core:PlantMachinery 2022-12-31 09442130 frs-core:ShareCapital 2023-12-31 09442130 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09442130 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09442130 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09442130 frs-bus:SmallEntities 2023-01-01 2023-12-31 09442130 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09442130 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09442130 frs-bus:Director1 2023-01-01 2023-12-31 09442130 frs-bus:Director1 2022-12-31 09442130 frs-bus:Director1 2023-12-31 09442130 frs-core:CurrentFinancialInstruments 1 2023-12-31 09442130 frs-core:CurrentFinancialInstruments 2 2023-12-31 09442130 frs-countries:EnglandWales 2023-01-01 2023-12-31 09442130 2021-12-31 09442130 2022-12-31 09442130 2022-01-01 2022-12-31 09442130 frs-core:CurrentFinancialInstruments 2022-12-31 09442130 frs-core:Non-currentFinancialInstruments 2022-12-31 09442130 frs-core:ShareCapital 2022-12-31 09442130 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09442130 frs-core:CurrentFinancialInstruments 1 2022-12-31 09442130 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 09442130
24 Hour Homecare Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09442130
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 67
Tangible Assets 5 7,200 9,040
7,201 9,107
CURRENT ASSETS
Debtors 6 70,983 126,608
Cash at bank and in hand 3,537 376,589
74,520 503,197
Creditors: Amounts Falling Due Within One Year 7 (83,607 ) (115,848 )
NET CURRENT ASSETS (LIABILITIES) (9,087 ) 387,349
TOTAL ASSETS LESS CURRENT LIABILITIES (1,886 ) 396,456
Creditors: Amounts Falling Due After More Than One Year 8 (20,301 ) (30,192 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,651 )
NET (LIABILITIES)/ASSETS (22,187 ) 364,613
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (23,187 ) 363,613
SHAREHOLDERS' FUNDS (22,187) 364,613
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Collier
Director
16/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
24 Hour Homecare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09442130 . The registered office is 6 Primrose Avenue, Urmston, Manchester, M41 0TY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the total invoice value of sales made during the period and derives from the sale of services withinn the company's ordinary activities. Revenue is recognisedonce the service has been completed.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are franche fees and website costs. Franchise fees are amortised to profit and loss account over its estimated economic life of 10 years, and website costs are amortised to profit and loss account  over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 50 (2022: 53)
50 53
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 18,756
As at 31 December 2023 18,756
Amortisation
As at 1 January 2023 18,689
Provided during the period 66
As at 31 December 2023 18,755
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 67
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 10,813 19,692 30,505
As at 31 December 2023 10,813 19,692 30,505
Depreciation
As at 1 January 2023 9,573 11,892 21,465
Provided during the period 670 1,170 1,840
As at 31 December 2023 10,243 13,062 23,305
Net Book Value
As at 31 December 2023 570 6,630 7,200
As at 1 January 2023 1,240 7,800 9,040
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 67,634 87,142
Prepayments and accrued income - 2,200
Director's loan account 3,349 37,266
70,983 126,608
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 10,000 10,000
Corporation tax 17,391 32,225
Other taxes and social security 9,318 16,637
Net wages 36,446 51,610
Other creditors - Credit card 2,464 1,740
Other creditors - Pension account 5,301 2,671
Other creditors - Attachments 168 485
Accruals and deferred income 2,520 480
83,607 115,848
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 20,301 30,192
20,301 30,192
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Mark Collier 37,266 7,546 41,463 - 3,349
The above loan is unsecured, interest free and repayable on demand.
11. Employee Ownership Trust (EOT)
In the reported financial year, an EOT was established it acquired 60% ownership of the company from the selling shareholder, Mark Collier. The EOT is administered by trustees on behalf of the employees.
As the Trust does not require a separate bank account, the initial payment itself was transferred direct to the selling shareholder from the trading company on behalf of the trust.
The selling shareholder is owed further payments for the shares sold in the form of deferred consideration, which will be paid in instalments over a specified time frame, out of future profits of the trading company.  At each deferred consideration payment date, similar to the initial completion payment, a contribution will be declared in the trading company to the trust which will then be used to make the payment due.
Page 5