Cotswold Carers Ltd 10245021 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is social work activities without accommodation for the elderly and disabled Digita Accounts Production Advanced 6.30.9574.0 true 10245021 2023-09-01 2024-08-31 10245021 2024-08-31 10245021 core:CurrentFinancialInstruments 2024-08-31 10245021 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10245021 core:Non-currentFinancialInstruments 2024-08-31 10245021 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 10245021 bus:SmallEntities 2023-09-01 2024-08-31 10245021 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10245021 bus:FilletedAccounts 2023-09-01 2024-08-31 10245021 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10245021 bus:RegisteredOffice 2023-09-01 2024-08-31 10245021 bus:Director1 2023-09-01 2024-08-31 10245021 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10245021 bus:Agent1 2023-09-01 2024-08-31 10245021 core:PlantMachinery 2023-09-01 2024-08-31 10245021 countries:EnglandWales 2023-09-01 2024-08-31 10245021 2022-09-01 2023-08-31 10245021 2023-08-31 10245021 core:CurrentFinancialInstruments 2023-08-31 10245021 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10245021 core:Non-currentFinancialInstruments 2023-08-31 10245021 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 10245021

Cotswold Carers Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Cotswold Carers Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Cotswold Carers Ltd

Company Information

Director

Mrs K Trueman

Registered office

37 Market Square
Witney
Oxon
OX28 6RE

Accountants

ReesRussell LLP
Chartered Accountants37 Market Square
Witney
Oxfordshire
OX28 6RE

 

Cotswold Carers Ltd

(Registration number: 10245021)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

18,383

21,460

Cash at bank and in hand

 

3,294

20,181

 

21,677

41,641

Creditors: Amounts falling due within one year

5

(26,541)

(34,794)

Total assets less current liabilities

 

(4,864)

6,847

Creditors: Amounts falling due after more than one year

5

(4,365)

(13,462)

Net liabilities

 

(9,229)

(6,615)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(10,229)

(7,615)

Shareholders' deficit

 

(9,229)

(6,615)

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 director acknowledges her 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 and 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.

Approved and authorised by the director on 28 May 2025
 

.........................................
Mrs K Trueman
Director

 

Cotswold Carers Ltd

Notes to the Unaudited 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 and Wales.

The address of its registered office is:
37 Market Square
Witney
Oxon
OX28 6RE

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

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.

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

Plant and machinery

25% straight line

 

Cotswold Carers Ltd

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

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.

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.

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.

 

Cotswold Carers Ltd

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

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 7 (2023 - 7).

4

Debtors

Current

2024
£

2023
£

Trade debtors

18,383

21,460

 

18,383

21,460

 

Cotswold Carers Ltd

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

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

6,000

5,971

Taxation and social security

 

1,549

1,853

Accruals and deferred income

 

1,995

1,837

Other creditors

 

16,997

25,133

 

26,541

34,794

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

4,365

13,462

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

4,365

13,462

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,000

5,971