REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
for |
Care Development East Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
for |
Care Development East Limited |
Care Development East Limited (Registered number: 05703578) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Care Development East Limited |
Company Information |
for the Year Ended 30 June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Crane Court |
302 London Road |
Ipswich |
Suffolk |
IP2 0AJ |
Care Development East Limited (Registered number: 05703578) |
Balance Sheet |
30 June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Non-distributable reserves (unspent grant monies) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Care Development East Limited (Registered number: 05703578) |
Balance Sheet - continued |
30 June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Care Development East Limited (Registered number: 05703578) |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
The company is a private company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company is a public entity committed by its Memorandum and Articles of Association to expend any surplus on its objects rather than distributions being possible. Consequently, any profit and loss account surpluses arising in an accounting period are transferred to a special non-distributable reserve (unspent grant monies). |
Turnover |
Turnover comprises the fair value of the consideration received or receivable for the provision of educational services and work carried out on related contracts in the ordinary course of the company's activities and includes grants from organisations including Skills for Care, part of the Sector Skills Council for care and development, and Suffolk County Council. |
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. |
Tangible fixed assets |
Fixtures, fittings and office equipment | - |
Government grants |
Grants are credited to income as specified outcomes are achieved or to match the recognition of related costs as appropriate depending on the terms of the grants. Where grants are not related to specific outcomes or costs, they are recognised in income when received or receivable, Grant amounts not so credited are included within creditors. |
Taxation |
Due to its non-profit making nature, it has been agreed with HM Revenue & Customs that the company is not subject to corporation tax on any operating surplus. |
Any current income tax charge applies to interest income and 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Care Development East Limited (Registered number: 05703578) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
2. | ACCOUNTING POLICIES - continued |
Operational receivables |
Operational receivables are amounts due in respect of grants or other projects performance in the ordinary course of the company's activities. |
Operational receivables 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 operational receivables 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. |
Supplier payables |
Supplier payables are obligations to pay for goods or services that have been acquired in the ordinary course fo the company's activities 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. |
Supplier payables are recognised initially as the transaction price and subsequently measured at amortised cost using the effective interest method. |
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 available into known amounts of cash and are subject to an insignificant risk of change in value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
and |
office |
equipment |
£ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
Care Development East Limited (Registered number: 05703578) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Operational receivables |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Supplier payables |
Other creditors |