Registered number
11412688
Better Home Care Services Limited
Filleted Accounts
30 June 2024
Better Home Care Services Limited
Registered number: 11412688
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 219,600 256,200
Tangible assets 4 12,803 18,076
232,403 274,276
Current assets
Debtors 5 476,805 155,926
Cash at bank and in hand 142,813 812,601
619,618 968,527
Creditors: amounts falling due within one year 6 (289,629) (170,403)
Net current assets 329,989 798,124
Net assets 562,392 1,072,400
Capital and reserves
Called up share capital 5,764 5,764
Share premium 8,093,663 8,093,663
Profit and loss account (7,537,035) (7,027,027)
Shareholders' funds 562,392 1,072,400
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.
RA Crook
Director
Approved by the board on 15 April 2025
Better Home Care Services Limited
Notes to the Accounts
for the year ended 30 June 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:
Fixtures and fittings 20% reducing balance
Computers 33% straight line
Motor vehicles 25% reducing balance
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 71 90
3 Intangible fixed assets
Goodwill Patents, trademarks & licences Development costs & Website Total
£ £ £ £
Cost
At 1 July 2023 10,000 130,000 226,000 366,000
At 30 June 2024 10,000 130,000 226,000 366,000
Amortisation
At 1 July 2023 3,000 39,000 67,800 109,800
Provided during the year 1,000 13,000 22,600 36,600
At 30 June 2024 4,000 52,000 90,400 146,400
Net book value
At 30 June 2024 6,000 78,000 135,600 219,600
At 30 June 2023 7,000 91,000 158,200 256,200
Intangible fixed assets are being written off in equal annual instalments over the estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures and fittings Computers Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 1,183 35,383 4,525 41,091
Additions - 1,065 2,475 3,540
At 30 June 2024 1,183 36,448 7,000 44,631
Depreciation
At 1 July 2023 622 22,345 48 23,015
Charge for the year 112 7,078 1,623 8,813
At 30 June 2024 734 29,423 1,671 31,828
Net book value
At 30 June 2024 449 7,025 5,329 12,803
At 30 June 2023 561 13,038 4,477 18,076
5 Debtors 2024 2023
£ £
Trade debtors 167,797 96,511
Other debtors 309,008 59,415
476,805 155,926
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 44,123 44,894
Taxation and social security costs 95,164 16,423
Other creditors 150,342 109,086
289,629 170,403
7 Other information
Better Home Care Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
9th Floor
107 Cheapside
London
EC2V 6DN
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