Company registration number 02987620 (England and Wales)
QUALITY CARE (NORTH-WEST) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
QUALITY CARE (NORTH-WEST) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
QUALITY CARE (NORTH-WEST) LIMITED
BALANCE SHEET
AS AT
26 SEPTEMBER 2023
26 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,065
13,777
Current assets
Debtors
4
104,020
125,264
Cash at bank and in hand
71,554
87,568
175,574
212,832
Creditors: amounts falling due within one year
5
(115,264)
(105,316)
Net current assets
60,310
107,516
Total assets less current liabilities
74,375
121,293
Creditors: amounts falling due after more than one year
6
(35,863)
(42,192)
Provisions for liabilities
(3,025)
(2,846)
Net assets
35,487
76,255
Capital and reserves
Called up share capital
7
300
300
Profit and loss reserves
35,187
75,955
Total equity
35,487
76,255

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 26 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

QUALITY CARE (NORTH-WEST) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
26 SEPTEMBER 2023
26 September 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 26 September 2024 and are signed on its behalf by:
D Bradshaw
Director
Company Registration No. 02987620
QUALITY CARE (NORTH-WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information

Quality Care (North-West) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The truedirectors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for goods and services provided.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

QUALITY CARE (NORTH-WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

QUALITY CARE (NORTH-WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 SEPTEMBER 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
42
47
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 28 September 2022
40,813
Additions
2,770
At 26 September 2023
43,583
Depreciation and impairment
At 28 September 2022
27,036
Depreciation charged in the period
2,482
At 26 September 2023
29,518
Carrying amount
At 26 September 2023
14,065
At 27 September 2022
13,777
QUALITY CARE (NORTH-WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 SEPTEMBER 2023
- 6 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
31,248
33,513
Other debtors
72,772
91,751
104,020
125,264

Other debtors includes an amount of £71,963 (2022 - £91,116) due from the directors.

5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
6,329
6,329
Trade creditors
7,692
6,441
Other taxation and social security
48,309
41,579
Other creditors
-
0
1,585
Accruals
34,940
34,978
97,270
90,912
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
35,863
42,192
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
10,548
13,439
7
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
300 Ordinary Shares of £1 each
300
300
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