Registration number:
Haslemere Homecare Limited
for the Year Ended 30 December 2023
Haslemere Homecare Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Haslemere Homecare Limited
Company Information
Directors |
Mr Duncan Kemp Mrs Lisa Kemp |
Registered office |
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Accountants |
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Haslemere Homecare Limited
(Registration number: 07849152)
Balance Sheet as at 30 December 2023
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2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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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:
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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
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Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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
Recognition and measurement
Tangible assets |
Leasehold Improvements |
Office Equipment |
Computer Equipment |
Total |
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Cost or valuation |
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At 31 December 2022 |
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Additions |
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At 30 December 2023 |
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Depreciation |
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At 31 December 2022 |
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Charge for the year |
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At 30 December 2023 |
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Carrying amount |
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At 30 December 2023 |
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At 30 December 2022 |
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Stocks |
2023 |
2022 |
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Other inventories |
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Debtors |
Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023
2023 |
2022 |
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Trade debtors |
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Other debtors |
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Prepayments |
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Accrued income |
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Less non-current portion |
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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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Creditors |
Creditors: amounts falling due within one year
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2022 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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£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.
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 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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 £
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.
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.