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Registration number: 07849152

Haslemere Homecare Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 December 2023

 

Haslemere Homecare Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Haslemere Homecare Limited

Company Information

Directors

Mr Duncan Kemp

Mrs Lisa Kemp

Registered office

Haslemere House
Lower Street
Haslemere
Surrey
GU27 2PE

Accountants

Evo Accounting Limited
Certified Accountants
Suite 290
Martinique House
Hampshire Road
Bordon
Hampshire
GU35 0HJ

 

Haslemere Homecare Limited

(Registration number: 07849152)
Balance Sheet as at 30 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

9,861

5,023

Current assets

 

Stocks

4

1,738

3,943

Debtors

5

167,149

145,200

Cash at bank and in hand

 

332,215

428,532

 

501,102

577,675

Creditors: Amounts falling due within one year

7

(189,104)

(262,914)

Net current assets

 

311,998

314,761

Net assets

 

321,859

319,784

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

321,759

319,684

Shareholders' funds

 

321,859

319,784

For the financial year ending 30 December 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
Mr Duncan Kemp
Director

 

Haslemere Homecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Haslemere House
Lower Street
Haslemere
Surrey
GU27 2PE

These financial statements were authorised for issue by the Board on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government Grants in the previous year were accounted for using the accrual model.

 

Haslemere Homecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Tax

Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the accounting period.

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

Were it material, deferred tax would be recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

No deferred tax has been recognised in these accounts as it is immaterial.

Current and deferred tax assets and liabilities are not discounted.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

33.3% straight line

Leasehold improvements

Straight line over the period of the lease

Office Equipment

33.3% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Stocks

Stocks are stated at the lower of cost and net realisable value. At each reporting date, stocks are assessed for impairment.

Trade creditors

Short term creditors are measured at transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

Contributions to pension plans are expensed in the period to which they relate.

 

Haslemere Homecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Financial instruments

Classification
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilties like trade and other accounts receivable and payable and loans to/from related parties.
 Recognition and measurement
Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found an impairment loss is recognised in the profit and loss account.
 

3

Tangible assets

Leasehold Improvements
£

Office Equipment
£

Computer Equipment
£

Total
£

Cost or valuation

At 31 December 2022

7,775

22,190

842

30,807

Additions

-

11,364

1,190

12,554

At 30 December 2023

7,775

33,554

2,032

43,361

Depreciation

At 31 December 2022

6,608

18,614

562

25,784

Charge for the year

583

6,456

677

7,716

At 30 December 2023

7,191

25,070

1,239

33,500

Carrying amount

At 30 December 2023

584

8,484

793

9,861

At 30 December 2022

1,167

3,576

280

5,023

4

Stocks

2023
£

2022
£

Other inventories

1,738

3,943

5

Debtors

 

Haslemere Homecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

2023
£

2022
£

Trade debtors

114,928

100,383

Other debtors

1,414

885

Prepayments

24,373

21,610

Accrued income

26,434

22,322

 

167,149

145,200

Less non-current portion

(7,200)

(7,200)

159,949

138,000

Other debtors- due within one year
£525 (2021 - £525) of the other debtors figure relates to a loan to a former staff member, this has been included as current debtors. The court has ordered the former staff member to make repayments based on a percentage of her income. There is no way of determining the period over which the loan will be repaid. Given this fact and the small amount of the loan, discounting has not been applied to it, the loan has been included as a current debtor at transaction value. The directors are of the opinion that this has no impact on the truth and fairness of the accounts.
 

Details of non-current trade and other debtors

£7,200 (2022 -£7,200) of Rent deposit (included in prepayments) is classified as non current.

6

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 57 (2022 - 55).

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

8,101

8,051

Taxation and social security

52,701

53,799

Accruals and deferred income

57,502

30,948

Other creditors

70,800

170,116

189,104

262,914

£66,326 (£164,296 - 2022) of the other creditors is figure is made up of loans from the directors. The loans from the directors carry no interest and have no fixed repayment date. As permitted by FRS102 Section 1A the loans are not discounted and are thus measured at transaction value.

8

Share capital

Allotted, called up and fully paid shares

 

Haslemere Homecare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £27,225 (2022 - £49,099). £21,044 (£21,687 - 2022) of the £27,225 (£49,099 - 2022) is payable within one year, the balance being payable between 31 December 2024 and May 2026.

10

Related party transactions

An interest free loan, with no fixed repayment date, of £2,420 was made to, and repaid by, a director during the year.

11

Profits

Demand for the company's services remains strong and, due to the ever ageing population, and the quality of service provided, the directors are confident that it will continue to be so. The company's trading profitability was up on the previous year but the profits appear lower as no Government Grants were received in the year as they were in the year ended 30 December 2022.