Registered number
12563929
GRACIOUS CARE (HOLDINGS) LIMITED
Filleted Accounts
30 April 2024
GRACIOUS CARE (HOLDINGS) LIMITED
Registered number: 12563929
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 2,000 4,000
Tangible assets 4 18,317 3,549
20,317 7,549
Current assets
Debtors 5 37,525 26,263
Cash at bank and in hand 190,305 275,831
227,830 302,094
Creditors: amounts falling due within one year 6 (55,550) (105,347)
Net current assets 172,280 196,747
Net assets 192,597 204,296
Capital and reserves
Called up share capital 100 100
Profit and loss account 192,497 204,196
Shareholders' funds 192,597 204,296
-
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C McNamara
Director
Approved by the board on 10 July 2024
GRACIOUS CARE (HOLDINGS) LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% straight line
Fixtures, fittings, tools and equipment 33% straight line
Vehicles 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 35 40
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 10,000
At 30 April 2024 10,000
Amortisation
At 1 May 2023 6,000
Provided during the year 2,000
At 30 April 2024 8,000
Net book value
At 30 April 2024 2,000
At 30 April 2023 4,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 5,931 40,850 46,781
Additions 260 38,734 38,994
Disposals - (25,000) (25,000)
At 30 April 2024 6,191 54,584 60,775
Depreciation
At 1 May 2023 4,624 38,608 43,232
Charge for the year 740 15,153 15,893
On disposals - (16,667) (16,667)
At 30 April 2024 5,364 37,094 42,458
Net book value
At 30 April 2024 827 17,490 18,317
At 30 April 2023 1,307 2,242 3,549
5 Debtors 2024 2023
£ £
Trade debtors 32,493 24,631
Prepayments 5,032 1,632
37,525 26,263
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 51,315 73,837
Director's account 1,362 28,774
Other creditors 2,873 2,736
55,550 105,347
7 Controlling party
The company is controlled by the directors and the majority of the shares are held by Mrs C McNamara.
8 Other information
GRACIOUS CARE (HOLDINGS) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
18 Clareville Road
Orpington
Kent
BR5 1RS
GRACIOUS CARE (HOLDINGS) LIMITED 12563929 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 C McNamara No description of principal activity 12563929 2022-05-01 2023-04-30 12563929 core:WithinOneYear 2023-04-30 12563929 core:ShareCapital 2023-04-30 12563929 core:RetainedEarningsAccumulatedLosses 2023-04-30 12563929 2023-05-01 2024-04-30 12563929 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12563929 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12563929 bus:Director40 2023-05-01 2024-04-30 12563929 1 2023-05-01 2024-04-30 12563929 2 2023-05-01 2024-04-30 12563929 core:Goodwill 2023-05-01 2024-04-30 12563929 core:PlantMachinery 2023-05-01 2024-04-30 12563929 core:Vehicles 2023-05-01 2024-04-30 12563929 countries:England 2023-05-01 2024-04-30 12563929 bus:FRS102 2023-05-01 2024-04-30 12563929 bus:FilletedAccounts 2023-05-01 2024-04-30 12563929 2024-04-30 12563929 core:WithinOneYear 2024-04-30 12563929 core:ShareCapital 2024-04-30 12563929 core:RetainedEarningsAccumulatedLosses 2024-04-30 12563929 core:Goodwill 2024-04-30 12563929 core:PlantMachinery 2024-04-30 12563929 core:Vehicles 2024-04-30 12563929 2023-04-30 12563929 core:Goodwill 2023-04-30 12563929 core:PlantMachinery 2023-04-30 12563929 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure