Company Registration No. 12124225 (England and Wales)
Acheron Care Limited
Unaudited accounts
for the year ended 31 July 2024
Acheron Care Limited
Unaudited accounts
Contents
Acheron Care Limited
Company Information
for the year ended 31 July 2024
Company Number
12124225 (England and Wales)
Registered Office
117 Draycott Old Road
Forsbrook
Stoke on Trent
Staffordshire
ST11 9AL
Accountants
Thursfields Accountancy Limited
Business Lodge, Trent House
234 Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
Acheron Care Limited
Statement of financial position
as at 31 July 2024
Tangible assets
154,726
164,767
Cash at bank and in hand
957,851
98,638
Creditors: amounts falling due within one year
(586,292)
(139,267)
Net current assets
868,096
407,226
Total assets less current liabilities
1,022,822
571,993
Creditors: amounts falling due after more than one year
(366,099)
(246,831)
Provisions for liabilities
Deferred tax
(25,180)
(32,671)
Net assets
631,543
292,491
Called up share capital
2,000
2,000
Profit and loss account
629,543
290,491
Shareholders' funds
631,543
292,491
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
S Patel
Director
Company Registration No. 12124225
Acheron Care Limited
Notes to the Accounts
for the year ended 31 July 2024
Acheron Care Limited is a private company, limited by shares, registered in England and Wales, registration number 12124225. The registered office is 117 Draycott Old Road, Forsbrook, Stoke on Trent, Staffordshire, ST11 9AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
10% Reducing balance
Computer equipment
33% Straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Acheron Care Limited
Notes to the Accounts
for the year ended 31 July 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
47,790
105,173
37,067
18,309
208,339
Additions
10,150
19,300
8,095
2,603
40,148
Disposals
-
(8,649)
-
(699)
(9,348)
At 31 July 2024
57,940
115,824
45,162
20,213
239,139
At 1 August 2023
7,019
25,519
4,280
6,754
43,572
Charge for the year
5,084
26,322
3,824
6,190
41,420
On disposals
-
(391)
-
(188)
(579)
At 31 July 2024
12,103
51,450
8,104
12,756
84,413
At 31 July 2024
45,837
64,374
37,058
7,457
154,726
At 31 July 2023
40,771
79,654
32,787
11,555
164,767
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
26,237
39,956
Amounts falling due within one year
Trade debtors
229,035
2,045
Accrued income and prepayments
678
135,991
Other debtors
5,317
18,312
Amounts falling due after more than one year
Other debtors
261,507
291,507
Acheron Care Limited
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
116,430
33,518
Obligations under finance leases and hire purchase contracts
9,158
9,158
Taxes and social security
117,074
25,397
Other creditors
257,504
3,193
On 17 May 2024 a charge was registered by Ffe Spv 2 Limited over all land and property and assets of the company. Included within creditors - amounts falling due within one year is an amount owing to Ffe Spv 2 Limited of £78,295.
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
348,761
220,335
Obligations under finance leases and hire purchase contracts
17,338
26,496
Aggregate of amounts that fall due for payment after five years
-
47,387
On 17 May 2024 a charge was registered by Ffe Spv 2 Limited over all land and property and assets of the company. Included within creditors - amounts falling due after more than one year is an amount owing to Ffe Spv 2 Limited of £166,791.
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
0% interest due on demand loan
6,788
-
6,788
-
0% interest due on demand loan
6,288
-
6,288
-
Acheron Care Limited
Notes to the Accounts
for the year ended 31 July 2024
10
Transactions with related parties
During the year a loan was made by Acheron Consultancy Ltd, a company which S Patel is a director and shareholder. The outstanding balance at 31 July 2024 was £250,000.
During the year a loan was provided to Atlantys Property Ltd, a company which S Patel is a director and shareholder. The outstanding balance at 31 July 2024 was £261,507 (2023: £291,507).
During the year rent was paid to Atlantys Property Ltd, a company which S Patel is a director and shareholder, of £36,000 (2023: £36,000).
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Average number of employees
During the year the average number of employees was 28 (2023: 17).