Pilea Homecare Ltd Filleted Accounts Cover
Pilea Homecare Ltd
Company No. 11441962
Information for Filing with The Registrar
31 July 2024
Pilea Homecare Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 July 2024.
Principal activities
The principal activity of the company during the year under review was . Residential care activities for learning difficulties, mental health and substance abuse and Residential care activities for the elderly and disabled.
Directors
The Directors who served at any time during the year were as follows:
L.T. Mukoyi
P.R. Mukoyi
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
L.T. Mukoyi
Director
25 October 2024
Pilea Homecare Ltd Balance Sheet Registrar
at
31 July 2024
Company No.
11441962
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
28,26411,755
28,26411,755
Current assets
Debtors
5
61,54947,103
Cash at bank and in hand
16,3542,047
77,90349,150
Creditors: Amount falling due within one year
6
(97,233)
(58,255)
Net current liabilities
(19,330)
(9,105)
Total assets less current liabilities
8,9342,650
Net assets
8,9342,650
Capital and reserves
Called up share capital
22
Profit and loss account
8
8,9322,648
Total equity
8,9342,650
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 25 October 2024 and signed on its behalf by:
L.T. Mukoyi
Director
25 October 2024
Pilea Homecare Ltd Notes to the Accounts Registrar
for the year ended 31 July 2024
1
General information
Pilea Homecare Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11441962
Its registered office is:
Universal House
41 Catley Road
Sheffield
England
S9 5JF
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
25% Straight Line
Furniture, fittings and equipment
25% Straight Line
Taxation
Income tax expense represents the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
3315
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 August 2023
15,50070016,200
Additions
-4,8074,807
Transfers
22,605-22,605
At 31 July 2024
38,1055,50743,612
Depreciation
At 1 August 2023
4,1872584,445
Charge for the year
9,5261,37710,903
At 31 July 2024
13,7131,63515,348
Net book values
At 31 July 2024
24,3923,87228,264
At 31 July 2023
11,313
442
11,755
5
Debtors
2024
2023
£
£
Trade debtors
43,03317,372
Other debtors
4,6502,000
Prepayments and accrued income
13,86627,731
61,54947,103
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
54,399
7,798
Loans from directors
21,39645,853
Other creditors
21,4384,604
97,23358,255
7
Share Capital
2 Ordinary Shares of £1.00 each were called up and fully paid
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
30,600
12,700
30,600
12,700
Dividends by type:
Equity dividends
30,60012,700
30,600
12,700
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