Registered number
12589173
Prosper Care & Support Limited
Filleted Accounts
31 May 2024
Prosper Care & Support Limited
Registered number: 12589173
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 332,799 190,834
Current assets
Debtors 4 34,052 1,361
Cash at bank and in hand 18,762 40,214
52,814 41,575
Creditors: amounts falling due within one year 5 (114,137) (121,978)
Net current liabilities (61,323) (80,403)
Total assets less current liabilities 271,476 110,431
Creditors: amounts falling due after more than one year 6 (19,808) -
Provisions for liabilities (23,608) (13,824)
Net assets 228,060 96,607
Capital and reserves
Called up share capital 100 100
Profit and loss account 227,960 96,507
Shareholders' funds 228,060 96,607
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Griffiths
Director
Approved by the board on 30 September 2024
Prosper Care & Support Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Motor vehicles over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 37 31
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 138,032 92,174 12,250 242,456
Additions 114,190 40,081 32,394 186,665
Disposals - - (5,250) (5,250)
At 31 May 2024 252,222 132,255 39,394 423,871
Depreciation
At 1 June 2023 16,962 30,614 4,046 51,622
Charge for the year 10,350 25,360 6,036 41,746
On disposals - - (2,296) (2,296)
At 31 May 2024 27,312 55,974 7,786 91,072
Net book value
At 31 May 2024 224,910 76,281 31,608 332,799
At 31 May 2023 121,070 61,560 8,204 190,834
4 Debtors 2024 2023
£ £
Trade debtors 32,923 1,361
Other debtors 1,129 -
34,052 1,361
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 7,292 -
Taxation and social security costs 53,616 22,446
Other creditors 53,229 99,532
114,137 121,978
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 19,808 -
7 Controlling party
The company's ultimate controlling party is the board of directors, Andrew Stephen Cayford and Stuart Griffiths who between them hold 100% of the issued share capital.
8 Other information
Prosper Care & Support Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Duffryn House
Duffryn Road
Cwmbach
Aberdare
CF44 0BH
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