Registered number
11100568
Poole Home Care Limited
Unaudited Filleted Accounts
30 December 2023
Poole Home Care Limited
Registered number: 11100568
Balance Sheet
as at 30 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,181 1,883
Current assets
Debtors 4 134,427 83,517
Cash at bank and in hand 57,958 126,554
192,385 210,071
Creditors: amounts falling due within one year 5 (124,815) (144,413)
Net current assets 67,570 65,658
Total assets less current liabilities 68,751 67,541
Creditors: amounts falling due after more than one year 6 (15,964) (25,813)
Provisions for liabilities (177) (167)
Net assets 52,610 41,561
Capital and reserves
Called up share capital 100 100
Profit and loss account 52,510 41,461
Shareholders' funds 52,610 41,561
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.
S Sanders
Director
Approved by the board on 31 August 2024
Poole Home Care Limited
Notes to the Accounts
for the year ended 30 December 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.
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:
Office equipment 25% written down value
Computer equipment 33.33% straight line
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 28 34
3 Tangible fixed assets
Furniture & fixtures
£
Cost
At 31 December 2022 4,032
At 30 December 2023 4,032
Depreciation
At 31 December 2022 2,149
Charge for the year 702
At 30 December 2023 2,851
Net book value
At 30 December 2023 1,181
At 30 December 2022 1,883
4 Debtors 2023 2022
£ £
Trade debtors 66,569 44,097
Amounts due from related parties 13,444 -
Other debtors 54,414 39,420
134,427 83,517
5 Creditors: amounts falling due within one year 2023 2022
£ £
Non-equity preference shares 20 20
Bank loans and overdrafts 10,648 10,648
Amounts due to related companies 24,000 58,516
Directors' loan accounts 11,101 656
Taxation and social security costs 58,743 59,429
Other creditors 20,303 15,144
124,815 144,413
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,964 25,813
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 13,210 16,581
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Sanders
Overdrawn loan account 37,063 96,418 (85,000) 48,481
37,063 96,418 (85,000) 48,481
9 Controlling party
The company is ultimately controlled by its Directors, who between them beneficially own 100% of the company's issued ordinary shares.
10 Other information
Poole Home Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
James House
40 Lagland Street
Poole
Dorset
BH15 1QG
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