Registered number
11007170
Clarity Homecare Franchising Limited
Filleted Accounts
31 July 2024
Clarity Homecare Franchising Limited
Registered number: 11007170
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 605,364 656,211
Investments 4 1 1
605,365 656,212
Current assets
Debtors 5 289,264 230,209
Cash at bank and in hand 25,099 19,699
314,363 249,908
Creditors: amounts falling due within one year 6 (1,309,281) (1,176,643)
Net current liabilities (994,918) (926,735)
Total assets less current liabilities (389,553) (270,523)
Creditors: amounts falling due after more than one year 7 (4,131) (10,842)
Net liabilities (393,684) (281,365)
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account (493,684) (381,365)
Shareholders' funds (393,684) (281,365)
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.
S Carlton
Director
Approved by the board on 23 April 2025
Clarity Homecare Franchising Limited
Notes to the Accounts
for the year ended 31 July 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over 20 years
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 502,414 90,985 185,626 779,025
Additions - 10,493 50,941 61,434
Disposals - - (54,364) (54,364)
At 31 July 2024 502,414 101,478 182,203 786,095
Depreciation
At 1 August 2023 26,910 27,771 68,133 122,814
Charge for the year 25,121 18,427 33,233 76,781
On disposals - - (18,864) (18,864)
At 31 July 2024 52,031 46,198 82,502 180,731
Net book value
At 31 July 2024 450,383 55,280 99,701 605,364
At 31 July 2023 475,504 63,214 117,493 656,211
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 August 2023 1
At 31 July 2024 1
5 Debtors 2024 2023
£ £
Trade debtors 105,302 78,923
Amounts owed by group undertakings and undertakings in which the company has a participating interest 178,481 133,739
Other debtors 5,481 17,547
289,264 230,209
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 239,192 81,890
Amounts owed to group undertakings and undertakings in which the company has a participating interest 99,948 174,240
Taxation and social security costs 54,720 6,071
Other creditors 905,421 904,442
1,309,281 1,176,643
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,131 10,842
8 Other information
Clarity Homecare Franchising Limited is a private company limited by shares and incorporated in England. Its registered office is:
Fairdale House
Enterprise Close
Blidworth
Nottinghamshire
NG21 0RS
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