Company Registration No. 05142126 (England and Wales)
M & J Care Homes Limited
Unaudited accounts
for the year ended 31 August 2024
M & J Care Homes Limited
Unaudited accounts
Contents
M & J Care Homes Limited
Statement of financial position
as at 31 August 2024
Tangible assets
946,923
950,576
Cash at bank and in hand
160,964
110,720
Creditors: amounts falling due within one year
(89,166)
(145,403)
Net current assets/(liabilities)
86,278
(21,802)
Net assets
1,033,201
928,774
Called up share capital
6
6
Profit and loss account
1,033,195
928,768
Shareholders' funds
1,033,201
928,774
For the year ending 31 August 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 14 November 2024 and were signed on its behalf by
M St J Morris
Director
Company Registration No. 05142126
M & J Care Homes Limited
Notes to the Accounts
for the year ended 31 August 2024
M & J Care Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 05142126. The registered office is Lyme Bay View Care Home, Old Beer Road, Seaton, Devon, EX12 2PZ.
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. 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:
Motor vehicles
25% straight line
Fixtures & fittings
10-25% straight line
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
M & J Care Homes Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill
At 1 September 2023
539,000
At 1 September 2023
539,000
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
926,852
1,500
88,544
1,883
1,018,779
Additions
-
-
3,851
-
3,851
Disposals
-
-
(14,247)
-
(14,247)
At 31 August 2024
926,852
1,500
78,148
1,883
1,008,383
At 1 September 2023
-
1,875
65,011
1,317
68,203
Charge for the year
-
(375)
7,491
388
7,504
On disposals
-
-
(14,247)
-
(14,247)
At 31 August 2024
-
1,500
58,255
1,705
61,460
At 31 August 2024
926,852
-
19,893
178
946,923
At 31 August 2023
926,852
(375)
23,533
566
950,576
Amounts falling due within one year
Accrued income and prepayments
12,879
10,930
M & J Care Homes Limited
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
50,418
Trade creditors
3,547
1,824
Taxes and social security
61,190
70,129
Loans from directors
3,774
3,558
8
Average number of employees
During the year the average number of employees was 20 (2023: 22).