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Company registration number: 11639016
BEAUMONT CARE LIMITED
Trading as Caremark Calderdale
Unaudited filleted financial statements
31 October 2024
BEAUMONT CARE LIMITED
Contents
Statement of financial position
Notes to the financial statements
BEAUMONT CARE LIMITED
Statement of financial position
31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 5,163 10,326
Tangible assets 6 2,563 2,775
_______ _______
7,726 13,101
Current assets
Stocks 24,092 33,668
Debtors 7 5,462 5,600
Cash at bank and in hand 78,651 57,135
_______ _______
108,205 96,403
Creditors: amounts falling due
within one year 8 ( 78,543) ( 66,965)
_______ _______
Net current assets 29,662 29,438
_______ _______
Total assets less current liabilities 37,388 42,539
Creditors: amounts falling due
after more than one year 9 ( 25,926) ( 31,481)
_______ _______
Net assets 11,462 11,058
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,461 11,057
_______ _______
Shareholder funds 11,462 11,058
_______ _______
For the year ending 31 October 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Mr Arshad Farid
Director
Company registration number: 11639016
BEAUMONT CARE LIMITED
Notes to the financial statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Beaumont Care Limited, The Clock Tower, Shaw Lodge Mills, Shaw Lane, Halifax, West Yorkshire, HX3 9ET.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Franchise - 14.29 % 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 are 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:
Office equipment - 33 % straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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 in finance costs 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 year amounted to 15 (2023: 14 ).
5. Intangible assets
Franchise Total
£ £
Cost
At 1 November 2023 and 31 October 2024 36,144 36,144
_______ _______
Amortisation
At 1 November 2023 25,818 25,818
Charge for the year 5,163 5,163
_______ _______
At 31 October 2024 30,981 30,981
_______ _______
Carrying amount
At 31 October 2024 5,163 5,163
_______ _______
At 31 October 2023 10,326 10,326
_______ _______
6. Tangible assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 November 2023 320 3,700 4,020
Additions 723 - 723
_______ _______ _______
At 31 October 2024 1,043 3,700 4,743
_______ _______ _______
Depreciation
At 1 November 2023 320 925 1,245
Charge for the year 241 694 935
_______ _______ _______
At 31 October 2024 561 1,619 2,180
_______ _______ _______
Carrying amount
At 31 October 2024 482 2,081 2,563
_______ _______ _______
At 31 October 2023 - 2,775 2,775
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 560 924
Other debtors 4,902 4,676
_______ _______
5,462 5,600
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 5,556 5,556
Trade creditors 341 2,306
Corporation tax 4,207 3,099
Social security and other taxes 5,394 4,504
Other creditors 63,045 51,500
_______ _______
78,543 66,965
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 25,926 31,481
_______ _______
Included within creditors: amounts falling due after more than one year is an amount of £ 3,704 (2023 £ 9,259 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024 2023
£ £
Included in debtors (note 7) 134 134
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2024 2023
£ £
Accelerated capital allowances 134 134
_______ _______
11. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Arshad Farid ( 46,867) ( 10,369) - ( 57,236)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Arshad Farid ( 57,747) - 10,880 ( 46,867)
_______ _______ _______ _______
Credit balance on directors' loan accounts are provided to the company unsecured, interest free and are repayable on demand.