Registered number
07066268
PRIVILEGE HOME CARE LTD
Filleted Accounts
30 November 2023
PRIVILEGE HOME CARE LTD
Registered number: 07066268
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 7,067 8,834
Investments 5 943,721 583,889
950,788 592,723
Current assets
Debtors 6 266,342 144,206
Cash at bank and in hand 580,648 746,076
846,990 890,282
Creditors: amounts falling due within one year 7 (133,720) (67,918)
Net current assets 713,270 822,364
Total assets less current liabilities 1,664,058 1,415,087
Creditors: amounts falling due after more than one year 8 (149,913) (144,435)
Net assets 1,514,145 1,270,652
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,514,045 1,270,552
Shareholders' funds 1,514,145 1,270,652
The director is 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 director acknowledges his 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.
FAISAL ISMAIL
Director
Approved by the board on 18 September 2024
PRIVILEGE HOME CARE LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 34 27
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 100,000
At 30 November 2023 100,000
Amortisation
At 1 December 2022 100,000
At 30 November 2023 100,000
Net book value
At 30 November 2023 -
Goodwill has been written off in equal annual instalments over its economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 34,038
At 30 November 2023 34,038
Depreciation
At 1 December 2022 25,204
Charge for the year 1,767
At 30 November 2023 26,971
Net book value
At 30 November 2023 7,067
At 30 November 2022 8,834
5 Investments
Other
investments
£
Cost
At 1 December 2022 583,889
Additions 359,832
At 30 November 2023 943,721
6 Debtors 2023 2022
£ £
Trade debtors 266,342 144,206
7 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 91,372 36,845
Other creditors 42,348 31,073
133,720 67,918
8 Creditors: amounts falling due after one year 2023 2022
£ £
Directors Loans 149,913 144,435
9 Controlling party
The Director and his wife have ultimate control of the company by virtue of them owning 100% of the issued share capital.
10 Other information
PRIVILEGE HOME CARE LTD is a private company limited by shares and incorporated in England. Its registered office is:
26 BRIESTFIELD ROAD
THORNHILL
DEWSBURY
WF12 0PW
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