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 |