Harino Care Limited 08775701 false 2023-06-01 2024-07-31 2024-07-31 The principal activity of the company is that of domiciliary care agency. Digita Accounts Production Advanced 6.30.9574.0 true 08775701 2023-06-01 2024-07-31 08775701 2024-07-31 08775701 bus:Director1 1 2024-07-31 08775701 core:CurrentFinancialInstruments 2024-07-31 08775701 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 08775701 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 08775701 bus:SmallEntities 2023-06-01 2024-07-31 08775701 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-07-31 08775701 bus:FilletedAccounts 2023-06-01 2024-07-31 08775701 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-07-31 08775701 bus:RegisteredOffice 2023-06-01 2024-07-31 08775701 bus:Director1 2023-06-01 2024-07-31 08775701 bus:Director1 1 2023-06-01 2024-07-31 08775701 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-07-31 08775701 core:ParentEntities 2023-06-01 2024-07-31 08775701 countries:EnglandWales 2023-06-01 2024-07-31 08775701 bus:Director1 1 2023-05-31 08775701 2022-06-01 2023-05-31 08775701 2023-05-31 08775701 core:CurrentFinancialInstruments 2023-05-31 08775701 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 08775701 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 08775701

Harino Care Limited

Unaudited Filleted Financial Statements

for the Period from 1 June 2023 to 31 July 2024

 

Harino Care Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Harino Care Limited

(Registration number: 08775701)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

901,230

943,728

Cash at bank and in hand

 

39,112

186,008

 

940,342

1,129,736

Creditors: Amounts falling due within one year

5

(647,053)

(838,269)

Total assets less current liabilities

 

293,289

291,467

Creditors: Amounts falling due after more than one year

5

(172,294)

(185,381)

Net assets

 

120,995

106,086

Capital and reserves

 

Called up share capital

100

100

Retained earnings

120,895

105,986

Shareholders' funds

 

120,995

106,086

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 January 2025
 

.........................................
Mr P Prucha
Director

 

Harino Care Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 10
Chiltern Enterprise Centre
Station RoadTheale
Reading
Berkshire
RG7 4AA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of care services. Turnover is shown net of sales, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Harino Care Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 July 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 42 (2023 - 39).

4

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

208,346

313,636

Amounts owed by related parties

7

590,659

597,565

Prepayments

 

82,409

10,465

Other debtors

 

19,816

22,062

   

901,230

943,728

 

Harino Care Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 July 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

362,246

382,814

Trade creditors

 

13,060

176,116

Taxation and social security

 

164,546

199,403

Other creditors

 

107,201

79,936

 

647,053

838,269

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

172,294

185,381

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

167,658

227,222

Other borrowings

194,588

155,592

362,246

382,814

Bank overdrafts consist of a commerical finance agreement which is secured over the assets of the company and that of its parent, Harino Limited under a cross-guarantee.

Other loans inlcude a loan guaranteed under the HM Government COVID support and other loans which are secured over the assets of the company and its parent, Harino Limited, under a cross guarantee.

 

Harino Care Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 July 2024

7

Related party transactions

Transactions with the director

2024

At 1 June 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Mr P Prucha

8,000

51,014

(45,850)

13,164

Summary of transactions with parent

The company trades with its parent, Harino Limited, during the year. This trade is at arms lenth and current market value. At the balance sheet date the amount due from Harino Limited was £561,252 (2023 : £597,460).
 

Summary of transactions with other related parties

During the year PP Family Limited, a company which P Prucha is also a director of, recieved a loan from the company. At the balance sheet date the amount owed from PP Family Limited was £11,500 (2023: £2,600).

During the year Cyberbie Limited, a company which P Prucha is also a director of, recieved a loan from the company. At the balance sheet date the amount owed from Cyberbie Limited was £17,907 (2023: £15,507).