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31/03/2024
2024-03-31
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No description of principal activities is disclosed
2023-04-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
07111274
2023-04-01
2024-03-31
07111274
2024-03-31
07111274
2023-03-31
07111274
2022-04-01
2023-03-31
07111274
2023-03-31
07111274
core:NetGoodwill
2023-04-01
2024-03-31
07111274
core:PlantMachinery
2023-04-01
2024-03-31
07111274
core:FurnitureFittingsToolsEquipment
2023-04-01
2024-03-31
07111274
core:MotorVehicles
2023-04-01
2024-03-31
07111274
bus:Director1
2023-04-01
2024-03-31
07111274
core:WithinOneYear
2024-03-31
07111274
core:WithinOneYear
2023-03-31
07111274
core:NetGoodwill
2023-03-31
07111274
core:NetGoodwill
2024-03-31
07111274
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-03-31
07111274
core:PlantMachinery
2023-03-31
07111274
core:FurnitureFittingsToolsEquipment
2023-03-31
07111274
core:MotorVehicles
2023-03-31
07111274
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-03-31
07111274
core:PlantMachinery
2024-03-31
07111274
core:FurnitureFittingsToolsEquipment
2024-03-31
07111274
core:MotorVehicles
2024-03-31
07111274
core:AfterOneYear
2024-03-31
07111274
core:AfterOneYear
2023-03-31
07111274
core:RetainedEarningsAccumulatedLosses
2024-03-31
07111274
core:RetainedEarningsAccumulatedLosses
2023-03-31
07111274
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-01
2024-03-31
07111274
core:NetGoodwill
2023-03-31
07111274
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-03-31
07111274
core:PlantMachinery
2023-03-31
07111274
core:MotorVehicles
2023-03-31
07111274
bus:SmallEntities
2023-04-01
2024-03-31
07111274
bus:AuditExempt-NoAccountantsReport
2023-04-01
2024-03-31
07111274
bus:FullAccounts
2023-04-01
2024-03-31
07111274
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
07111274
bus:CompanyLimitedByGuarantee
2023-04-01
2024-03-31
Company registration number:
07111274
Companies House
Birmingham Supported Living (2010) Limited
Company limited by guarantee
Unaudited filleted financial statements
31 March 2024
Birmingham Supported Living (2010) Limited
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
Birmingham Supported Living (2010) Limited
Company limited by guarantee
Statement of financial position
31 March 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
6 |
48,050 |
|
|
|
54,056 |
|
|
Tangible assets |
|
7 |
741,933 |
|
|
|
663,825 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
789,983 |
|
|
|
717,881 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
8 |
130,450 |
|
|
|
126,723 |
|
|
Cash at bank and in hand |
|
|
18,826 |
|
|
|
24,303 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
149,276 |
|
|
|
151,026 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
94,548) |
|
|
|
(
88,285) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
54,728 |
|
|
|
62,741 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
844,711 |
|
|
|
780,622 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
10 |
|
|
(
653,642) |
|
|
|
(
628,524) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
191,069 |
|
|
|
152,098 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Profit and loss account |
|
|
|
|
191,069 |
|
|
|
152,098 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Members funds |
|
|
|
|
191,069 |
|
|
|
152,098 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 August 2024
, and are signed on behalf of the board by:
Mrs A Martin
Mrs E McDonald
Director
Director
Company registration number:
07111274
Birmingham Supported Living (2010) Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, West Midlands, B16 9HN. The address of the business is 87/89A Bunbury Road, Northfield, Birmingham, B31 2ET.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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, and are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received for the provision of supported living accomodation.
Revenue is recognised upon the receipt of the consideration; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Goodwill |
- |
5 % |
straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are 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:
|
|
|
|
|
|
Plant and machinery |
- |
20 % |
reducing balance |
|
Fixtures, fittings and equipment |
- |
25 % |
straight line |
|
Fixtures, fittings and equipment |
- |
50% |
straight line |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
Debtors receivable and creditors payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
4.
Limited by guarantee
The company is a company limited by guarantee without a share capital. The liability of each member is limited to £1.00.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
27
(2023:
27
).
6.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 April 2023 and 31 March 2024 |
120,122 |
120,122 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 April 2023 |
66,066 |
66,066 |
|
|
|
|
|
Charge for the year |
6,006 |
6,006 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2024 |
72,072 |
72,072 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2024 |
48,050 |
48,050 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2023 |
54,056 |
54,056 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2023 |
662,509 |
2,455 |
5,393 |
2,100 |
672,457 |
|
|
|
Additions |
60,460 |
- |
17,970 |
- |
78,430 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2024 |
722,969 |
2,455 |
23,363 |
2,100 |
750,887 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2023 |
- |
2,281 |
5,393 |
958 |
8,632 |
|
|
|
Charge for the year |
- |
36 |
- |
286 |
322 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2024 |
- |
2,317 |
5,393 |
1,244 |
8,954 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2024 |
722,969 |
138 |
17,970 |
856 |
741,933 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2023 |
662,509 |
174 |
- |
1,142 |
663,825 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Prepayments and accrued income |
|
87,327 |
88,042 |
|
Other debtors |
|
43,123 |
38,681 |
|
|
|
_______ |
_______ |
|
|
|
130,450 |
126,723 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
37,966 |
32,822 |
|
Accruals and deferred income |
|
35,370 |
32,790 |
|
Social security and other taxes |
|
9,832 |
19,387 |
|
Other creditors |
|
11,380 |
3,286 |
|
|
|
_______ |
_______ |
|
|
|
94,548 |
88,285 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
653,642 |
628,524 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included within creditors: amounts falling due after more than one year is an amount of £ 438,305
(2023 £ 490,280 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The bank loans and overdrafts consists of the following: - A bounce back loan received due to the covid-19 outbreak; this loan is repayable over 60 months at an interest rate of 2.5% pa and is due for repayment by January 2027. A mortgage loan received to part finance the purchase of a property; this loan is repayable over 25 years at an interest rate of 6.0% pa and is due for repayment by November 2047. Two bank loans received to part finance the purchase of a property; these loans are repayable over 6 and 7 years at interest rates of 6.5% and 7.0% and are due for repayment by November 2028 and November 2029. A further bank loan to finance the refurbishment of a property; this loan is repayable over 20 years at an interest rate of 5.0% and is due for repayment by August 2043.