Guidance Care Limited 11839934 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the provision of care facilities. Digita Accounts Production Advanced 6.30.9574.0 true true 11839934 2023-03-01 2024-02-29 11839934 2024-02-29 11839934 bus:OrdinaryShareClass1 2024-02-29 11839934 core:RetainedEarningsAccumulatedLosses 2024-02-29 11839934 core:ShareCapital 2024-02-29 11839934 core:SharePremium 2024-02-29 11839934 core:CurrentFinancialInstruments 2024-02-29 11839934 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 11839934 core:Non-currentFinancialInstruments 2024-02-29 11839934 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 11839934 core:FurnitureFittingsToolsEquipment 2024-02-29 11839934 core:MotorVehicles 2024-02-29 11839934 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-02-29 11839934 bus:SmallEntities 2023-03-01 2024-02-29 11839934 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11839934 bus:FilletedAccounts 2023-03-01 2024-02-29 11839934 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11839934 bus:RegisteredOffice 2023-03-01 2024-02-29 11839934 bus:Director2 2023-03-01 2024-02-29 11839934 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 11839934 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11839934 bus:Agent1 2023-03-01 2024-02-29 11839934 core:FurnitureFittings 2023-03-01 2024-02-29 11839934 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 11839934 core:MotorVehicles 2023-03-01 2024-02-29 11839934 countries:AllCountries 2023-03-01 2024-02-29 11839934 2023-02-28 11839934 core:FurnitureFittingsToolsEquipment 2023-02-28 11839934 core:MotorVehicles 2023-02-28 11839934 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-28 11839934 2022-03-01 2023-02-28 11839934 2023-02-28 11839934 bus:OrdinaryShareClass1 2023-02-28 11839934 core:RetainedEarningsAccumulatedLosses 2023-02-28 11839934 core:ShareCapital 2023-02-28 11839934 core:SharePremium 2023-02-28 11839934 core:CurrentFinancialInstruments 2023-02-28 11839934 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11839934 core:Non-currentFinancialInstruments 2023-02-28 11839934 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 11839934 core:FurnitureFittingsToolsEquipment 2023-02-28 11839934 core:MotorVehicles 2023-02-28 11839934 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-28 11839934 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-01 2023-02-28 11839934 2022-02-28 11839934 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11839934

Guidance Care Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Guidance Care Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Guidance Care Limited

Company Information

Director

Mr S B Horrocks

Registered office

Unit 8 Sovereign Court
Wyrefields
Poulton-Le-Fylde
Lancashire
FY6 8JX

Accountants

Crossley & Davis Chartered Accountants
Ground Floor Seneca House
Links Point
Amy Johnson Way
Blackpool
FY4 2FF

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Guidance Care Limited
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Guidance Care Limited for the year ended 29 February 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Guidance Care Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Guidance Care Limited and state those matters that we have agreed to state to the Board of Directors of Guidance Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Guidance Care Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Guidance Care Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Guidance Care Limited. You consider that Guidance Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Guidance Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor Seneca House
Links Point
Amy Johnson Way
Blackpool
FY4 2FF

28 March 2025

 

Guidance Care Limited

(Registration number: 11839934)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

52,878

44,376

Investment property

5

41,285

-

 

94,163

44,376

Current assets

 

Debtors

6

662,074

254,325

Cash at bank and in hand

 

212,185

122,649

 

874,259

376,974

Creditors: Amounts falling due within one year

7

(565,337)

(286,605)

Net current assets

 

308,922

90,369

Total assets less current liabilities

 

403,085

134,745

Creditors: Amounts falling due after more than one year

7

(28,333)

(33,333)

Provisions for liabilities

(13,320)

(4,691)

Net assets

 

361,432

96,721

Capital and reserves

 

Called up share capital

8

2,000

2,000

Share premium reserve

114,000

114,000

Retained earnings

245,432

(19,279)

Shareholders' funds

 

361,432

96,721

For the financial year ending 29 February 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Guidance Care Limited

(Registration number: 11839934)
Balance Sheet as at 29 February 2024

Approved and authorised by the director on 28 March 2025
 

.........................................
Mr S B Horrocks
Director

 

Guidance Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The address of its registered office is:
Unit 8 Sovereign Court
Wyrefields
Poulton-Le-Fylde
Lancashire
FY6 8JX
England

These financial statements were authorised for issue by the director on 28 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.

Going concern

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

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.

 

Guidance Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

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:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance

Fixtures & Fittings

25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

Guidance Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

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.

 

Guidance Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

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.

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.

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 the director) during the year, was 39 (2023 - 35).

 

Guidance Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

34,071

28,700

62,771

Additions

-

28,575

28,575

Disposals

-

(8,075)

(8,075)

At 29 February 2024

34,071

49,200

83,271

Depreciation

At 1 March 2023

10,446

7,949

18,395

Charge for the year

5,906

6,092

11,998

At 29 February 2024

16,352

14,041

30,393

Carrying amount

At 29 February 2024

17,719

35,159

52,878

At 28 February 2023

23,625

20,751

44,376

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of short leasehold land and buildings.
 

5

Investment properties

2024
£

Additions

41,285

At 29 February

41,285

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Trade debtors

242,990

68,875

Prepayments

63,686

-

Other debtors

355,398

185,450

 

662,074

254,325

 

Guidance Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,160

10,070

Trade creditors

 

28,179

28,659

Taxation and social security

 

500,102

175,813

Accruals and deferred income

 

2,500

38,360

Other creditors

 

24,396

33,703

 

565,337

286,605

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

28,333

33,333

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2,000

2,000

2,000

2,000

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

28,333

33,333

Current loans and borrowings

 

Guidance Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2024
£

2023
£

Bank overdrafts

160

70

Other borrowings

10,000

10,000

10,160

10,070

10

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

At start of period

71,568

71,568

At end of period

71,568

71,568

2023

Key management
£

Total
£

At start of period

(7,079)

(7,079)

Advanced

117,110

117,110

Repaid

(39,280)

(39,280)

Interest transactions

817

817

At end of period

71,568

71,568