Registered number
03059054
Northumbria Care Limited
Filleted Accounts
30 June 2024
Northumbria Care Limited
Report to the directors on the preparation of the unaudited statutory accounts of Northumbria Care Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Northumbria Care Limited for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
1st Cloud Accountants
1st Cloud Accountants
Chartered Certified Accountants
Analysis House
117-119 Sea Road
Sunderland
Tyne and Wear
SR6 9EQ
27 September 2024
Northumbria Care Limited
Registered number: 03059054
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 - 2,916,701
Current assets
Stocks - 14,900
Debtors 5 188,543 2,711
Cash at bank and in hand 1,803,543 -
1,992,086 17,611
Creditors: amounts falling due within one year 6 (206,629) (439,206)
Net current assets/(liabilities) 1,785,457 (421,595)
Total assets less current liabilities 1,785,457 2,495,106
Creditors: amounts falling due after more than one year 7 - (1,018,965)
Provisions for liabilities - (99,317)
Net assets 1,785,457 1,376,824
Capital and reserves
Called up share capital 7,580 7,580
Share premium 333,200 333,200
Revaluation reserve 8 - 200,696
Profit and loss account 1,444,677 835,348
Shareholders' funds 1,785,457 1,376,824
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.
P. Carey
Director
Approved by the board on 30 September 2024
Northumbria Care Limited
Notes to the Accounts
for the year ended 30 June 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 100 years
Plant and machinery 15% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 43 57
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 160,000
Disposals (160,000)
At 30 June 2024 -
Amortisation
At 1 July 2023 160,000
On disposals (160,000)
At 30 June 2024 -
Net book value
At 30 June 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 3,075,673 1,523,123 4,598,796
Additions - 8,428 8,428
Disposals (3,075,673) (1,531,551) (4,607,224)
At 30 June 2024 - - -
Depreciation
At 1 July 2023 570,009 1,112,086 1,682,095
Charge for the year 20,504 41,809 62,313
On disposals (590,513) (1,153,895) (1,744,408)
At 30 June 2024 - - -
Net book value
At 30 June 2024 - - -
At 30 June 2023 2,505,664 411,037 2,916,701
5 Debtors 2024 2023
£ £
Trade debtors 99 2,711
Overdrawn Directors Loan Account 180,000 -
Other debtors 8,444 -
188,543 2,711
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 290,383
Trade creditors 5,374 5,542
Taxation and social security costs 134,631 121,120
Directors Loan Account - 17,955
Other creditors 66,624 4,206
206,629 439,206
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 1,018,965
8 Revaluation reserve 2024 2023
£ £
At 1 July 2023 200,696 200,696
Loss on revaluation of land and buildings (200,696) -
At 30 June 2024 - 200,696
9 Other information
Northumbria Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
Analysis House
117-119 Sea Road
Sunderland
Tyne & Wear
SR6 9EQ
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