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Registration number: 04522154

Aylecare Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 August 2024

 

Aylecare Limited

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 11

 

Aylecare Limited

Company Information

Directors

Mrs Glenda Humphreys

Mr Rhodri Humphreys

Mrs Helen Carmichael

Mr Michael Humphreys

Company secretary

Mrs Glenda Humphreys

Registered office

11 Alexandra Road
Gorseinon
Swansea
SA4 4NW

Accountants

Fergusons & Peters Chartered Accountants
Chartered Accountants
Argyle House
10 West Street
Gorseinon
Swansea
SA4 4AA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Aylecare Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aylecare Limited for the year ended 31 August 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 Aylecare Limited, as a body, in accordance with the terms of our engagement letter dated 14 March 2014. Our work has been undertaken solely to prepare for your approval the accounts of Aylecare Limited and state those matters that we have agreed to state to the Board of Directors of Aylecare 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 Aylecare Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Aylecare 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 Aylecare Limited. You consider that Aylecare 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 Aylecare 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.

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

Fergusons & Peters Chartered Accountants
Chartered Accountants
Argyle House
10 West Street
Gorseinon
Swansea
SA4 4AA

28 May 2025

 

Aylecare Limited

(Registration number: 04522154)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

5,463

6,280

Current assets

 

Debtors

6

78,419

49,563

Cash at bank and in hand

 

39,569

100,882

 

117,988

150,445

Prepayments and accrued income

 

24,531

14,537

Creditors: Amounts falling due within one year

(36,766)

(49,298)

Net current assets

 

105,753

115,684

Total assets less current liabilities

 

111,216

121,964

Creditors: Amounts falling due after more than one year

(20,354)

(30,360)

Accruals and deferred income

 

(1,986)

(1,848)

Net assets

 

88,876

89,756

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

88,866

89,746

Shareholders' funds

 

88,876

89,756

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.

Directors' 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 28 May 2025 and signed on its behalf by:
 

 

Aylecare Limited

(Registration number: 04522154)
Abridged Balance Sheet as at 31 August 2024

.........................................
Mrs Glenda Humphreys
Company secretary and director

 

Aylecare Limited

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

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
11 Alexandra Road
Gorseinon
Swansea
SA4 4NW

These financial statements were authorised for issue by the Board 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 abridged 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 abridged 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 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.

 

Aylecare Limited

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

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

Fixtures and fittings

15% per annum

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

Purchased goodwill

15 years

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.

 

Aylecare Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 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.

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 65 (2023 - 60).

 

Aylecare Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 September 2023

30,000

At 31 August 2024

30,000

Amortisation

At 1 September 2023

30,000

At 31 August 2024

30,000

Carrying amount

At 31 August 2024

-

5

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

22,007

34,298

56,305

At 31 August 2024

22,007

34,298

56,305

Depreciation

At 1 September 2023

22,007

28,018

50,025

Charge for the year

-

817

817

At 31 August 2024

22,007

28,835

50,842

Carrying amount

At 31 August 2024

-

5,463

5,463

At 31 August 2023

-

6,280

6,280

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

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

Aylecare Limited

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

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

       

8

Related party transactions

 

Aylecare Limited

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

Transactions with directors

2024

At 1 September 2023
£

At 31 August 2024
£

Mrs Glenda Humphreys

Directors loan

4,528

4,528

2023

At 1 September 2022
£

At 31 August 2023
£

Mrs Glenda Humphreys

Directors loan

4,528

4,528

 

Aylecare Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

85,744

81,282

Summary of transactions with other related parties

The directors operate a loan account with the Company which is interest free with no set repayment date. The balance owed o the directors at the year end amounted to £4,527 (2022 - £4,527)