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REGISTERED NUMBER: 09448619 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Chesterford Homecare Limited

Chesterford Homecare Limited (Registered number: 09448619)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Chesterford Homecare Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J C Towers
G J Towers





REGISTERED OFFICE: 5 Rectory Farm Barns
Little Chesterford
Saffron Walden
Essex
CB10 1UD





REGISTERED NUMBER: 09448619 (England and Wales)





ACCOUNTANTS: Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF

Chesterford Homecare Limited (Registered number: 09448619)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,995 3,008

CURRENT ASSETS
Debtors 5 55,294 48,485
Cash at bank and in hand 55,728 80,150
111,022 128,635
CREDITORS
Amounts falling due within one year 6 242,087 259,483
NET CURRENT LIABILITIES (131,065 ) (130,848 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(129,070

)

(127,840

)

CREDITORS
Amounts falling due after more than one
year

7

(14,092

)

(24,092

)

PROVISIONS FOR LIABILITIES (499 ) -
NET LIABILITIES (143,661 ) (151,932 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (143,761 ) (152,032 )
SHAREHOLDERS' FUNDS (143,661 ) (151,932 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Chesterford Homecare Limited (Registered number: 09448619)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





J C Towers - Director


Chesterford Homecare Limited (Registered number: 09448619)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Chesterford Homecare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
Although the company has net liabilities, it is now generating a regular operating profit and this is allowing a gradual reduction of these net liabilities.

The company was significantly impacted on the ability to trade and provide care due to the lockdown measures in place because of the pandemic. With restrictions now lifted the director is encouraged that providing care services will slowly revert back to some normality assuming there are no future imposed lockdowns and related restrictions.

The company also faces recruitment challenges caused by Brexit, especially in live-in care, but is exploring government initiatives aimed at addressing this problem.

Having taken the above factors into consideration the director is confident that the company is able to manage its business risks and has therefore continued to adopt the going concern basis of accounting in preparing these financial statements.

Turnover and revenue recognition
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Revenue from the rendering of services is only recognised when the outcome of a transaction can be estimated reliably and is then recognised according to the stage of completion of the transaction at the end of the reporting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Chesterford Homecare Limited (Registered number: 09448619)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 12,415
DEPRECIATION
At 1 March 2023 9,407
Charge for year 1,013
At 29 February 2024 10,420
NET BOOK VALUE
At 29 February 2024 1,995
At 28 February 2023 3,008

5. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Trade debtors 55,294 46,462

Chesterford Homecare Limited (Registered number: 09448619)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS - continued
29.2.24 28.2.23
£    £   
Amounts falling due after more than one year:
Other debtors - 2,023

Aggregate amounts 55,294 48,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 37,188 9,654
Other creditors 194,899 239,829
242,087 259,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 14,092 24,092

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

The company has an interest free loan from a director, at the end of the year the balance owed by the company was £130,135 (2023: £181,794).

10. ULTIMATE CONTROLLING PARTY

The controlling party is J C Towers.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chesterford Homecare Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chesterford Homecare Limited for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chesterford Homecare Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chesterford Homecare Limited and state those matters that we have agreed to state to the Board of Directors of Chesterford Homecare Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chesterford Homecare Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chesterford Homecare Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chesterford Homecare Limited. You consider that Chesterford Homecare Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chesterford Homecare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF


19 November 2024