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Registration number: 14207902

Ash2care Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Ash2care Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 13

 

Ash2care Limited

Company Information

Directors

Mrs Margaret Wenlock

Mr James Sidney Wenlock

Registered office

St Ethelbert House
Ryelands Street
Hereford
HR4 0LA

Bankers

Barclays Bank

Accountants

Young & Co
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Ash2care Limited

(Registration number: 14207902)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

900

1,200

Tangible assets

5

9,513

10,238

 

10,413

11,438

Current assets

 

Stocks

6

2,813

2,500

Debtors

7

6,214

-

Cash at bank and in hand

 

95,622

53,907

 

104,649

56,407

Creditors: Amounts falling due within one year

8

(49,141)

(29,565)

Net current assets

 

55,508

26,842

Total assets less current liabilities

 

65,921

38,280

Creditors: Amounts falling due after more than one year

8

(14,572)

(23,965)

Provisions for liabilities

(1,808)

(2,560)

Net assets

 

49,541

11,755

Capital and reserves

 

Called up share capital

9

20

20

Retained earnings

49,521

11,735

Shareholders' funds

 

49,541

11,755

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

Directors' responsibilities:

 

Ash2care Limited

(Registration number: 14207902)
Balance Sheet as at 31 July 2024
(continued)

The members have not required the company to obtain an audit of its accounts for the year 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 Profit and Loss Account.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 

.........................................
Mrs Margaret Wenlock
Director

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 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:
St Ethelbert House
Ryelands Street
Hereford
HR4 0LA
England

The principal place of business is:
Ashfield House
Barons Cross Road
Leominster
Herefordshire
HR6 8QX

These financial statements were authorised for issue by the Board on 22 January 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.

Going concern

The financial statements have been prepared on a going concern basis.

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
(continued)

2

Accounting policies (continued)

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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:

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
(continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Fixtures and fittings

15% of cost per annum

Computer equipment

33% of cost per annum

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Asset class

Amortisation method and rate

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
(continued)

2

Accounting policies (continued)

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
(continued)

2

Accounting policies (continued)

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 directors) during the year, was 36 (2023 - 40).

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
(continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2023

1,500

1,500

At 31 July 2024

1,500

1,500

Amortisation

At 1 August 2023

300

300

Amortisation charge

300

300

At 31 July 2024

600

600

Carrying amount

At 31 July 2024

900

900

At 31 July 2023

1,200

1,200

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
(continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

12,046

12,046

Additions

1,213

1,213

At 31 July 2024

13,259

13,259

Depreciation

At 1 August 2023

1,808

1,808

Charge for the year

1,938

1,938

At 31 July 2024

3,746

3,746

Carrying amount

At 31 July 2024

9,513

9,513

At 31 July 2023

10,238

10,238

6

Stocks

2024
£

2023
£

Other inventories

2,813

2,500

7

Debtors

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
(continued)

7

Debtors (continued)

Current

2024
£

2023
£

Prepayments

6,214

-

 

6,214

-

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
(continued)

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

9,540

9,447

Trade creditors

 

(38)

-

Taxation and social security

 

35,126

15,037

Accruals and deferred income

 

2,638

2,842

Other creditors

 

1,875

2,239

 

49,141

29,565

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

14,572

23,965

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

20

20

20

20

       

10

Loans and borrowings

Non-current loans and borrowings

 

Ash2care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
(continued)

10

Loans and borrowings (continued)

2024
£

2023
£

Bank borrowings

14,572

23,965

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,540

9,447

11

Dividends

2024

2023

£

£

Interim dividend of £3,100.00 (2023 - £625.00) per ordinary share

-

12,500