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Registration number: 06292233

All About You Care Services Limited

Annual Report and Unaudited Financial Statements (Filleted)

for the Year Ended 31 August 2024

 

All About You Care Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 10

 

All About You Care Services Limited

Company Information

Directors

Mr S Lee

Mr J Lee

Mrs DA Lee

Registered office

Unit 12
Soveriegn Court
Poulton Le Fylde
FY6 8JX

Accountants

Horne Brooke Shenton
Chartered Accountants15 Olympic Court Boardmans Way,
Whitehills Business Park
Blackpool
FY4 5GU

 

All About You Care Services Limited

(Registration number: 06292233)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

23,000

Tangible assets

5

9,492

13,334

 

9,492

36,334

Current assets

 

Debtors

6

38,034

177,597

Cash at bank and in hand

 

850,392

634,775

 

888,426

812,372

Creditors: Amounts falling due within one year

7

(130,945)

(115,450)

Net current assets

 

757,481

696,922

Net assets

 

766,973

733,256

Capital and reserves

 

Called up share capital

8

102

102

Share premium reserve

12,998

12,998

Retained earnings

753,873

720,156

Shareholders' funds

 

766,973

733,256

 

All About You Care Services Limited

(Registration number: 06292233)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 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 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
Mr J Lee
Director

 

All About You Care Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales. These accounts are presented for the individual company and are not consolidated.

The address of its registered office is:
Unit 12
Soveriegn Court
Poulton Le Fylde
FY6 8JX

These financial statements were authorised for issue by the Board on 27 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of domiciliary care services in the ordinary course of the company’s activities.

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.

Due to the nature of the company's activities it is exempt from VAT.

Government grants

Whether of a capital or revenue nature, government grants have been recognised on an accruals basis and recognised in the accounts in the period in which they become receivable.

Grants of a revenue nature are recognised in "other operating income"; within the profit and loss account of the same period as the related expenditure. These include

Government - Cypcare Grant
Lancashire County Council - Better care fund

Tax

The tax expense for the period comprises current 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.

 

All About You Care Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

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:

Asset class

Depreciation method and rate

Furniture & Fixtures

33% Reducing Balance

Office Equipment

33% Reducing Balance

Motor Vehicles

25% Reducing Balance

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

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight Line

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.

 

All About You Care Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

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.

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.

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.

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 88 (2023 - 95).

 

All About You Care Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

230,000

230,000

At 31 August 2024

230,000

230,000

Amortisation

At 1 September 2023

207,000

207,000

Amortisation charge

23,000

23,000

At 31 August 2024

230,000

230,000

Carrying amount

At 31 August 2024

-

-

At 31 August 2023

23,000

23,000

 

All About You Care Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

28,476

18,459

41,875

88,810

At 31 August 2024

28,476

18,459

41,875

88,810

Depreciation

At 1 September 2023

26,880

14,276

34,320

75,476

Charge for the year

559

1,394

1,889

3,842

At 31 August 2024

27,439

15,670

36,209

79,318

Carrying amount

At 31 August 2024

1,037

2,789

5,666

9,492

At 31 August 2023

1,596

4,183

7,555

13,334

6

Debtors

Current

2024
£

2023
£

Trade debtors

(3,338)

148,626

Prepayments

6,446

5,554

Other debtors

34,926

23,417

 

38,034

177,597

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,695

2,311

Taxation and social security

80,774

64,156

Accruals and deferred income

44,886

46,378

Other creditors

2,590

2,605

130,945

115,450

 

All About You Care Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

A Ordinary shares of £1 each

2

2

2

2

102

102

102

102

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

51,494

24,053

Later than one year and not later than five years

20,751

-

72,245

24,053

The amount of non-cancellable operating lease payments recognised as an expense during the year was £61,706 (2023 - £29,635).

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £770.00 (2023 - £625.00) per each Ordinary shares

77,000

62,500

Interim dividend of £23,000.00 (2023 - £28,250.00) per each A Ordinary shares

46,000

56,500

123,000

119,000

Interim dividends paid

2024
£

2023
£

Interim dividend of £770 (2023 - £625) per each Ordinary shares

77,000

62,500

Interim dividend of £23,000 (2023 - £28,250) per each A Ordinary shares

46,000

56,500

123,000

119,000

 

All About You Care Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

11

Related party transactions

Dividends paid to directors

2024
£

2023
£

Mr J Lee

Dividend paid

38,500

31,250

 

 

Mrs DA Lee

Dividend paid

38,500

31,250

 

 

Mr S Lee

Dividend paid

46,000

56,500