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COMPANY REGISTRATION NUMBER: 09019518
Twelve Trees Home Care Limited
Filleted Unaudited Abridged Financial Statements
30 June 2024
Twelve Trees Home Care Limited
Abridged Financial Statements
Year Ended 30 June 2024
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 6
Twelve Trees Home Care Limited
Abridged Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible assets
5
10,087
10,872
Current Assets
Debtors
248,504
191,058
Cash at bank and in hand
98,783
32,684
---------
---------
347,287
223,742
Creditors: amounts falling due within one year
151,880
109,665
---------
---------
Net Current Assets
195,407
114,077
---------
---------
Total Assets Less Current Liabilities
205,494
124,949
Provisions
Taxation including deferred tax
2,067
1,961
---------
---------
Net Assets
203,427
122,988
---------
---------
Capital and Reserves
Called up share capital
6
150
150
Profit and loss account
203,277
122,838
---------
---------
Shareholders Funds
203,427
122,988
---------
---------
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Twelve Trees Home Care Limited
Abridged Statement of Financial Position (continued)
30 June 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mr S C Mills
Director
Company registration number: 09019518
Twelve Trees Home Care Limited
Notes to the Abridged Financial Statements
Year Ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Suite 11, Cherry Tree Business Centre, Nether Edge, Sheffield, S11 9EF.
2. Statement of compliance
These abridged 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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts earned during the year.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
Leasehold improvements
-
50% straight line
Fixtures & Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Leasehold improvements are depreciated over 2 years as this is the expected life of the assets.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 48 (2023: 53 ).
5. Tangible assets
£
Cost
At 1 July 2023
43,724
Additions
2,142
--------
At 30 June 2024
45,866
--------
Depreciation
At 1 July 2023
32,852
Charge for the year
2,927
--------
At 30 June 2024
35,779
--------
Carrying amount
At 30 June 2024
10,087
--------
At 30 June 2023
10,872
--------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
148
148
148
148
Ordinary A shares of £ 1 each
1
1
1
1
Ordinary B shares of £ 1 each
1
1
1
1
----
----
----
----
150
150
150
150
----
----
----
----
7. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
10,375
10,375
--------
--------
8. Related party transactions
During the year balances were outstanding between Twelve Trees Home Care Limited and its related companies. Amounts due from/(to) the related companies:
2024 2023
£ £
Amounts owed by related parties 91,887 79,553
The loan was unsecured, interest free and repayable on demand.