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Registration number: 04728755

The Knoll Care Partnership Limited

Unaudited Financial Statements

for the Period from 1 April 2023 to 30 September 2024

 

The Knoll Care Partnership Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

The Knoll Care Partnership Limited

(Registration number: 04728755)
Statement of Financial Position as at 30 September 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

4

69,358

91,794

Current assets

 

Stocks

5

3,694

3,452

Debtors

6

1,868,790

1,379,608

Cash at bank and in hand

 

192,233

139,404

 

2,064,717

1,522,464

Creditors: Amounts falling due within one year

7

(291,864)

(357,881)

Net current assets

 

1,772,853

1,164,583

Total assets less current liabilities

 

1,842,211

1,256,377

Provisions for liabilities

(17,339)

(22,490)

Net assets

 

1,824,872

1,233,887

Capital and reserves

 

Called up share capital

4

4

Retained earnings

1,824,868

1,233,883

Shareholders' funds

 

1,824,872

1,233,887

 

The Knoll Care Partnership Limited

(Registration number: 04728755)
Statement of Financial Position as at 30 September 2024

For the financial period ending 30 September 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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 Income Statement.

Approved and authorised by the Board on 3 March 2025 and signed on its behalf by:
 

.........................................
Mr M J Callaghan
Director

.........................................
Mr A G Callaghan
Director

 
     
 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

1

General information

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

The address of its registered office is:
Bowfell House
2 Brook Road
Urmston
Manchester
M41 5RQ

These financial statements were authorised for issue by the Board on 3 March 2025.

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.

 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

Prior period errors

Deferred income had been omitted from the accounts to 31 March 2023.

Relating to the current period disclosed in these financial statements
£

Relating to the prior period disclosed in these financial statements
£

Relating to periods before the prior period disclosed in these financial statements
£

Turnover

-

(81,379)

-

Accruals and deferred income

-

81,379

-

   

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are included in the profit and loss account on an accruals basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property alterations

10% Straight line

Fixtures and fittings

10% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 76 (2023 - 69).

 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

191,020

32,383

223,403

Additions

5,216

-

5,216

Disposals

-

(32,383)

(32,383)

At 30 September 2024

196,236

-

196,236

Depreciation

At 1 April 2023

115,164

16,445

131,609

Charge for the period

11,714

664

12,378

Eliminated on disposal

-

(17,109)

(17,109)

At 30 September 2024

126,878

-

126,878

Carrying amount

At 30 September 2024

69,358

-

69,358

At 31 March 2023

75,856

15,938

91,794

5

Stocks

2024
£

2023
£

Other inventories

3,694

3,452

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

35,578

45,809

Amounts owed by related parties

8

1,816,890

1,310,584

Other debtors

 

16,322

23,215

   

1,868,790

1,379,608

 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

(As restated)

2023
£

Due within one year

Trade creditors

42,779

55,108

Taxation and social security

52,169

30,112

Accruals and deferred income

192,433

218,666

Other creditors

4,483

53,995

291,864

357,881

8

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Repayments by director
£

At 30 September 2024
£

Mrs A J Callaghan

Amounts advanced

3,888

(3,888)

-

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Mrs A J Callaghan

Amounts advanced

-

3,888

3,888

9

Parent and ultimate parent undertaking

The company's immediate parent is The Knoll Care Group Limited, incorporated in England .

  These financial statements are available upon request from Bowfell House, 2 Brook Road, Urmston, Manchester, M41 5RQ.