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Registration number: 10624172

Hummingbird Home Care Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Hummingbird Home Care Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Hummingbird Home Care Limited

Company Information

Directors

Hannah Ruth Donaldson

John Robert Donaldson

Registered office

Victoria House
490 Knutsford Road
Latchford
Warrington
WA4 1DX

Accountants

Beans Accountants Ltd
Chartered Accountant
Suite F/22
The White House
Greenalls Avenue
Warrington
Cheshire
WA4 6HL

 

Hummingbird Home Care Limited

Directors' Report for the Year Ended 29 February 2024

The directors present their report and the financial statements for the year ended 29 February 2024.

Directors of the company

The directors who held office during the year were as follows:

Hannah Ruth Donaldson

John Robert Donaldson (appointed 7 March 2023)

Principal activity

The principal activity of the company is Care services

Small companies provision statement

This report has 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.

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

.........................................
Hannah Ruth Donaldson
Director

.........................................
John Robert Donaldson
Director

 

Hummingbird Home Care Limited

(Registration number: 10624172)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

262,552

264,449

Current assets

 

Debtors

5

27,914

58,789

Cash at bank and in hand

 

58,529

118,781

 

86,443

177,570

Creditors: Amounts falling due within one year

6

(41,932)

(81,199)

Net current assets

 

44,511

96,371

Total assets less current liabilities

 

307,063

360,820

Creditors: Amounts falling due after more than one year

6

(162,646)

(168,563)

Provisions for liabilities

(12,874)

(3,192)

Net assets

 

131,543

189,065

Capital and reserves

 

Called up share capital

7

10

1

Retained earnings

131,533

189,064

Shareholders' funds

 

131,543

189,065

For the financial year ending 29 February 2024 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:
 

 

Hummingbird Home Care Limited

(Registration number: 10624172)
Balance Sheet as at 29 February 2024 (continued)

.........................................
Hannah Ruth Donaldson
Director

.........................................
John Robert Donaldson
Director

 

Hummingbird Home Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

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

The address of its registered office is:
Victoria House
490 Knutsford Road
Latchford
Warrington
WA4 1DX

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hummingbird Home Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office and Computer Equipment

Straight line 33.33%

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

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Hummingbird Home Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 32 (2023 - 43).

 

Hummingbird Home Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

261,436

16,987

278,423

Additions

2,940

3,822

6,762

At 29 February 2024

264,376

20,809

285,185

Depreciation

At 1 March 2023

2,179

11,795

13,974

Charge for the year

5,228

3,431

8,659

At 29 February 2024

7,407

15,226

22,633

Carrying amount

At 29 February 2024

256,969

5,583

262,552

At 28 February 2023

259,257

5,192

264,449

Included within the net book value of land and buildings above is £256,969 (2023 - £259,257) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

12,669

39,388

Prepayments

1,915

2,318

Other debtors

13,330

17,083

 

27,914

58,789

 

Hummingbird Home Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

12,000

12,000

Trade creditors

 

1,149

2,089

Taxation and social security

 

9,255

35,794

Accruals and deferred income

 

19,877

20,086

Other creditors

 

(349)

11,230

 

41,932

81,199

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

162,646

168,563

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary £0.10 of £0.10 each

100

10

10

1

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

162,646

168,563

Current loans and borrowings

2024
£

2023
£

Bank borrowings

12,000

12,000

 

Hummingbird Home Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £610.00 (2023 - £380.00) per each Ordinary £0.10

61,000

38,000

 

 

10

Related party transactions

 

Hummingbird Home Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

10

Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

24,975

11,706