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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
Page
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Acheron Care Limited Company Information for the year ended 31 July 2024
Directors
J Patel S Patel
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
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Acheron Care Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
154,726 
164,767 
Current assets
Debtors
496,537 
447,855 
Cash at bank and in hand
957,851 
98,638 
1,454,388 
546,493 
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 
Capital and reserves
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
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Acheron Care Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Pension costs
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 taxation
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.
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Acheron Care Limited Notes to the Accounts for the year ended 31 July 2024
Leased assets
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 
Depreciation
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 
Net book value
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 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
26,237 
39,956 
5
Debtors
2024 
2023 
£ 
£ 
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 
235,030 
156,348 
Amounts falling due after more than one year
Other debtors
261,507 
291,507 
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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 
Trade creditors
4,391 
- 
Taxes and social security
117,074 
25,397 
Other creditors
257,504 
3,193 
Accruals
81,735 
68,001 
586,292 
139,267 
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.
7
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 
366,099 
246,831 
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.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000 
2,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
J Patel
0% interest due on demand loan
6,788 
- 
6,788 
- 
S Patel
0% interest due on demand loan
6,288 
- 
6,288 
- 
13,076 
- 
13,076 
- 
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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).
11
Average number of employees
During the year the average number of employees was 28 (2023: 17).
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