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Registration number: 01860937

Abbey Care At Home Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Abbey Care At Home Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

Detailed Profit and Loss Account

13 to 15

 

Abbey Care At Home Ltd

Company Information

Directors

Mr Paul A A Bonham

Ms Carman Liliana Anita

Company secretary

Mr Paul A A Bonham

Registered office

6 Hall Quay
Great Yarmouth
Norfolk
NR30 1HX

Bankers

Santander Bank Ltd
Market Place

Accountants

M P Watson & Co
Accountants
M P Watson & Co
1 Bath Hill
Great Yarmouth
Norfolk
NR30 2LQ

 

Abbey Care At Home Ltd

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

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

Mr Paul A A Bonham - Company secretary and director

Ms Carman Liliana Anita

Principal activity

The principal activity of the company is Care at Home.

Employment of disabled persons

Not Applicable

Employee involvement

One Employee

Going concern

The Business is a going concern

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 31 March 2024 and signed on its behalf by:
 

.........................................
Mr Paul A A Bonham
Company secretary and director

.........................................
Ms Carman Liliana Anita
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Abbey Care At Home Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abbey Care At Home Ltd for the year ended 31 March 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Abbey Care At Home Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Abbey Care At Home Ltd and state those matters that we have agreed to state to the Board of Directors of Abbey Care At Home Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbey Care At Home Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Abbey Care At Home Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Abbey Care At Home Ltd. You consider that Abbey Care At Home Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Abbey Care At Home Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

M P Watson & Co
Accountants
M P Watson & Co
1 Bath Hill
Great Yarmouth
Norfolk
NR30 2LQ

31 March 2024

 

Abbey Care At Home Ltd

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

34,064

68,684

Gross profit

 

34,064

68,684

Administrative expenses

 

(18,310)

(65,104)

Operating profit

 

15,754

3,580

Other interest receivable and similar income

 

2

-

Profit before tax

4

15,756

3,580

Profit for the financial year

 

15,756

3,580

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Abbey Care At Home Ltd

Statement of Comprehensive Income for the Year Ended 31 March 2024

2024
£

2023
£

Profit for the year

15,756

3,580

Total comprehensive income for the year

15,756

3,580

 

Abbey Care At Home Ltd

(Registration number: 01860937)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

25

50

Current assets

 

Debtors

6

23,673

22,734

Cash at bank and in hand

 

1,478

476

 

25,151

23,210

Creditors: Amounts falling due within one year

7

(73,994)

(87,834)

Net current liabilities

 

(48,843)

(64,624)

Net liabilities

 

(48,818)

(64,574)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(48,918)

(64,674)

Shareholders' deficit

 

(48,818)

(64,574)

For the financial year ending 31 March 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.

Approved and authorised by the Board on 31 March 2024 and signed on its behalf by:
 

.........................................
Mr Paul A A Bonham
Company secretary and director

.........................................
Ms Carman Liliana Anita
Director

 

Abbey Care At Home Ltd

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

100

(64,674)

(64,574)

Profit for the year

-

15,756

15,756

At 31 March 2024

100

(48,918)

(48,818)

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

100

(68,254)

(68,154)

Profit for the year

-

3,580

3,580

At 31 March 2023

100

(64,674)

(64,574)

 

Abbey Care At Home Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
6 Hall Quay
Great Yarmouth
Norfolk
NR30 1HX
England and Wales

The principal place of business is:
6 Hall Quay
Great Yarmouth
Norfolk
NR30 1HX
England and Wales

These financial statements were authorised for issue by the Board on 31 March 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.

 

Abbey Care At Home Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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

Fixtures and fittings

straight line 20%

Computer equipment

straight line 20%

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.

 

Abbey Care At Home Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

25

38

 

Abbey Care At Home Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,242

2,242

At 31 March 2024

2,242

2,242

Depreciation

At 1 April 2023

2,192

2,192

Charge for the year

25

25

At 31 March 2024

2,217

2,217

Carrying amount

At 31 March 2024

25

25

At 31 March 2023

50

50

6

Debtors

Current

2024
£

2023
£

Trade debtors

11,760

10,821

Other debtors

11,913

11,913

 

23,673

22,734

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

45,648

65,332

Trade creditors

 

9,912

4,260

Taxation and social security

 

8,735

8,543

Other creditors

 

9,699

9,699

 

73,994

87,834

8

Share capital

Allotted, called up and fully paid shares

 

Abbey Care At Home Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2024

2023

No.

£

No.

£

Directors of £1 each

100

100

100

100

       

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

45,648

65,332

 

Abbey Care At Home Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
 £

2023
 £

turnover (analysed below)

34,064

68,684

Gross profit (%)

100%

100%

Administrative expenses

Establishment costs (analysed below)

(11,311)

(59,741)

General administrative expenses (analysed below)

(6,914)

(5,325)

Finance charges (analysed below)

(60)

-

Depreciation costs (analysed below)

(25)

(38)

(18,310)

(65,104)

Operating profit

15,754

3,580

Other interest receivable and similar income (analysed below)

2

-

Profit before tax

15,756

3,580

 

Abbey Care At Home Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
£

2023
£

   

Turnover

Sale of goods, UK

34,064

68,684

   

Establishment costs

Insurance

(571)

(1,797)

Repairs and renewals

(10,740)

(57,944)

(11,311)

(59,741)

   

General administrative expenses

Telephone and fax

(60)

(1,341)

Computer software and maintenance costs

-

(70)

Printing, postage and stationery

(14)

(203)

Sundry expenses

(476)

(150)

Motor expenses

(4,727)

(3,033)

Accountancy fees

(1,440)

(333)

Legal and professional fees

(197)

(195)

(6,914)

(5,325)

   

Finance charges

Subscriptions

(60)

-

   

Depreciation costs

Depreciation of fixtures and fittings (owned)

-

(13)

Depreciation of computer equipment (owned)

(25)

(25)

(25)

(38)

   

Other interest receivable and similar income

Bank interest receivable

2

-

2024
 £

2023
 £

turnover (analysed below)

34,064

68,684

Depreciation and amortisation expense (analysed below)

(25)

(38)

Other expenses (analysed below)

(18,285)

(65,066)

Operating profit

15,754

3,580

Other interest receivable and similar income (analysed below)

2

-

Profit before tax

15,756

3,580

 

Abbey Care At Home Ltd

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
£

2023
£

   

Turnover

Sale of goods, UK

34,064

68,684

   

Depreciation and amortisation expense

Depreciation of fixtures and fittings (owned)

-

(13)

Depreciation of computer equipment (owned)

(25)

(25)

(25)

(38)

   

Other expenses

Insurance

(571)

(1,797)

Repairs and renewals

(10,740)

(57,944)

Telephone and fax

(60)

(1,341)

Computer software and maintenance costs

-

(70)

Printing, postage and stationery

(14)

(203)

Sundry expenses

(476)

(150)

Motor expenses

(4,727)

(3,033)

Accountancy fees

(1,440)

(333)

Legal and professional fees

(197)

(195)

Subscriptions

(60)

-

(18,285)

(65,066)

   

Other interest receivable and similar income

Bank interest receivable

2

-