1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-05 Sage Accounts Production Advanced 2023 - FRS102_2023 49,200 49,200 5,740 5,740 43,460 xbrli:pure xbrli:shares iso4217:GBP 14982125 2023-07-05 2024-03-31 14982125 2024-03-31 14982125 2023-07-04 14982125 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-05 2024-03-31 14982125 bus:Director1 2023-07-05 2024-03-31 14982125 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 14982125 core:WithinOneYear 2024-03-31 14982125 core:ShareCapital 2024-03-31 14982125 core:RetainedEarningsAccumulatedLosses 2024-03-31 14982125 bus:SmallEntities 2023-07-05 2024-03-31 14982125 bus:AuditExemptWithAccountantsReport 2023-07-05 2024-03-31 14982125 bus:SmallCompaniesRegimeForAccounts 2023-07-05 2024-03-31 14982125 bus:PrivateLimitedCompanyLtd 2023-07-05 2024-03-31 14982125 bus:FullAccounts 2023-07-05 2024-03-31
COMPANY REGISTRATION NUMBER: 14982125
Ilkeston Homecare Limited
Filleted Unaudited Financial Statements
31 March 2024
Ilkeston Homecare Limited
Statement of Financial Position
31 March 2024
31 Mar 24
Note
£
Fixed assets
Intangible assets
5
43,460
Tangible assets
6
981
--------
44,441
Current assets
Debtors
7
5,025
Cash at bank and in hand
3,128
-------
8,153
Creditors: amounts falling due within one year
8
65,666
--------
Net current liabilities
57,513
--------
Total assets less current liabilities
( 13,072)
--------
Net liabilities
( 13,072)
--------
Capital and reserves
Called up share capital
100
Profit and loss account
( 13,172)
--------
Shareholders deficit
( 13,072)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Ilkeston Homecare Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 November 2024 , and are signed on behalf of the board by:
Mr. D Ahmad
Director
Company registration number: 14982125
Ilkeston Homecare Limited
Notes to the Financial Statements
Period from 5 July 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The companies liabilities exceed its assets by £13,072 at the year end. The directors have stated that they will continue to support the company in foreseeable future and therefore will continue on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are the fees for the purchase of the franchise initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation relating to the period of the franchise and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Goodwill - 10% straight line Franchise fee - 20% straight line
Franchise Fee
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Intangible assets
Patents, trademarks and licences
£
Cost
Additions
49,200
--------
At 31 March 2024
49,200
--------
Amortisation
Charge for the period
5,740
--------
At 31 March 2024
5,740
--------
Carrying amount
At 31 March 2024
43,460
--------
6. Tangible assets
Equipment
£
Cost
At 5 July 2023
Additions
1,226
-------
At 31 March 2024
1,226
-------
Depreciation
At 5 July 2023
Charge for the period
245
-------
At 31 March 2024
245
-------
Carrying amount
At 31 March 2024
981
-------
7. Debtors
31 Mar 24
£
Trade debtors
4,500
Other debtors
525
-------
5,025
-------
8. Creditors: amounts falling due within one year
31 Mar 24
£
Trade creditors
1,859
Amounts owed to group undertakings and undertakings in which the company has a participating interest
60,555
Social security and other taxes
505
Other creditors
2,747
--------
65,666
--------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
31 Mar 24
£
Not later than 1 year
4,410
-------