Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03408441 Mr George Littleton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03408441 2023-01-31 03408441 2024-01-31 03408441 2023-02-01 2024-01-31 03408441 frs-core:CurrentFinancialInstruments 2024-01-31 03408441 frs-core:ComputerEquipment 2023-02-01 2024-01-31 03408441 frs-core:FurnitureFittings 2023-02-01 2024-01-31 03408441 frs-core:PlantMachinery 2024-01-31 03408441 frs-core:PlantMachinery 2023-02-01 2024-01-31 03408441 frs-core:PlantMachinery 2023-01-31 03408441 frs-core:ShareCapital 2024-01-31 03408441 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03408441 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03408441 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 03408441 frs-bus:SmallEntities 2023-02-01 2024-01-31 03408441 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03408441 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03408441 frs-bus:Director1 2023-02-01 2024-01-31 03408441 frs-countries:EnglandWales 2023-02-01 2024-01-31 03408441 2022-01-31 03408441 2023-01-31 03408441 2022-02-01 2023-01-31 03408441 frs-core:CurrentFinancialInstruments 2023-01-31 03408441 frs-core:ShareCapital 2023-01-31 03408441 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 03408441
Mayfield House Residential Care Home Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03408441
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86,531 81,176
86,531 81,176
CURRENT ASSETS
Stocks 3,720 3,500
Debtors 5 319,066 434,663
Cash at bank and in hand 14,227 126,401
337,013 564,564
Creditors: Amounts Falling Due Within One Year 6 (492,252 ) (692,958 )
NET CURRENT ASSETS (LIABILITIES) (155,239 ) (128,394 )
TOTAL ASSETS LESS CURRENT LIABILITIES (68,708 ) (47,218 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,420 ) (5,420 )
NET LIABILITIES (74,128 ) (52,638 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (74,228 ) (52,738 )
SHAREHOLDERS' FUNDS (74,128) (52,638)
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For the year ending 31 January 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr George Littleton
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mayfield House Residential Care Home Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03408441 . The registered office is Mayfield House, Mayfield Mews, Crewe, Cheshire, CW1 3FZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Although the Company Balance Sheet discloses net liabilities of £74,128 as at 31st January 2024, the director considers it appropriate that the financial statements are prepared on a going concern basis. Within creditors is an amount of £401,846 owed to the company's holding company Littleton Holdings Limited. The company continues to pay it's debts as and when they fall due. The company continues to receive the support of it's holding company by way not withdrawing monies owed and the introduction of funds as and when necessary.
The company expects to return to profitability in the current year and going forwards.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 15% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 44 (2023: 47)
44 47
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2023 219,460
Additions 18,811
As at 31 January 2024 238,271
Depreciation
As at 1 February 2023 138,284
Provided during the period 13,456
As at 31 January 2024 151,740
Net Book Value
As at 31 January 2024 86,531
As at 1 February 2023 81,176
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 91,556 158,849
Other debtors 227,510 275,814
319,066 434,663
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,634 262,701
Other creditors 438,925 406,207
Taxation and social security 9,693 24,050
492,252 692,958
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
During the year the company paid rent amounting to £204,216 to C Littleton and Sons Limited, a company that Mr G Littleton is also a director. Th balance owed at 31st January 2024 was £18,904. 
As at 31st January 2024 the company owed £12,124 to Holly Lodge Residential Care Home Limited, a company in which Mr G Littleton is a director and shareholder.
As at 31st January 2024 the company owd £401,846 to it's holding company, Littleton Holdings Limited. 
During the year the company loaned £50,000 to Acacia Training Limited, a company in which Mr G Littleton's daughter is a director. This amount remains outstanding as at 31st January 2024. 
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