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30 May 2025
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No description of principal activity
2023-09-01
Sage Accounts Production Advanced 2024 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
05874136
2023-09-01
2024-08-31
05874136
2024-08-31
05874136
2023-08-31
05874136
2022-09-01
2023-08-31
05874136
2023-08-31
05874136
2022-08-31
05874136
core:FurnitureFittings
2023-09-01
2024-08-31
05874136
core:MotorVehicles
2023-09-01
2024-08-31
05874136
bus:OrdinaryShareClass1
2023-09-01
2024-08-31
05874136
bus:Director1
2023-09-01
2024-08-31
05874136
core:WithinOneYear
2024-08-31
05874136
core:WithinOneYear
2023-08-31
05874136
core:ShareCapital
2024-08-31
05874136
core:ShareCapital
2023-08-31
05874136
core:RetainedEarningsAccumulatedLosses
2024-08-31
05874136
core:RetainedEarningsAccumulatedLosses
2023-08-31
05874136
bus:Director1
2022-08-31
05874136
bus:Director1
2022-09-01
2023-08-31
05874136
bus:SmallEntities
2023-09-01
2024-08-31
05874136
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2023-09-01
2024-08-31
05874136
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2023-09-01
2024-08-31
05874136
bus:PrivateLimitedCompanyLtd
2023-09-01
2024-08-31
05874136
bus:AbridgedAccounts
2023-09-01
2024-08-31
05874136
bus:OrdinaryShareClass1
2024-08-31
05874136
bus:OrdinaryShareClass1
2023-08-31
05874136
core:OfficeEquipment
2023-09-01
2024-08-31
05874136
core:LandBuildings
2023-09-01
2024-08-31
COMPANY REGISTRATION NUMBER:
05874136
|
Filleted Abridged Financial Statements |
|
|
Abridged Financial Statements |
|
Year Ended 31 August 2024
|
Abridged statement of financial position |
1 to 2 |
|
|
|
Notes to the abridged financial statements |
3 to 6 |
|
|
|
Abridged Statement of Financial Position |
|
31 August 2024
Fixed Assets
|
Tangible assets |
5 |
|
617,152 |
598,008 |
|
|
|
|
|
Current Assets
|
Stocks |
300 |
|
300 |
|
Debtors |
589,112 |
|
436,186 |
|
Cash at bank and in hand |
6,835 |
|
13,495 |
|
--------- |
|
--------- |
|
596,247 |
|
449,981 |
|
|
|
|
|
Creditors: amounts falling due within one year |
653,410 |
|
540,606 |
|
--------- |
|
--------- |
|
Net Current Liabilities |
|
57,163 |
90,625 |
|
|
--------- |
--------- |
|
Total Assets Less Current Liabilities |
|
559,989 |
507,383 |
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
18,708 |
18,947 |
|
|
--------- |
--------- |
|
Net Assets |
|
541,281 |
488,436 |
|
|
--------- |
--------- |
|
|
|
|
Capital and Reserves
|
Called up share capital |
7 |
|
3 |
3 |
|
Profit and loss account |
|
541,278 |
488,433 |
|
|
--------- |
--------- |
|
Shareholders Funds |
|
541,281 |
488,436 |
|
|
--------- |
--------- |
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.
|
Abridged Statement of Financial Position (continued) |
|
31 August 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
30 May 2025
, and are signed on behalf of the board by:
Company registration number:
05874136
|
Notes to the Abridged Financial Statements |
|
Year Ended 31 August 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA. The company's place of business is Unit 4, Courtyard, 8 Market Place, Belper, DE56 1FZ.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Government grants
Government and local authority grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will received. Government grants are recognised using the accrual model.
Revenue recognition
The turnover shown in the profit and loss account represents residents' fees earned during the year.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
15% reducing balance |
|
Motor vehicles |
- |
20% reducing balance |
|
Equipment |
- |
20% reducing balance |
|
|
|
|
There is no charge in respect of depreciation on freehold buildings for the period. In determining the residual value of freehold buildings, the director has considered the amount he would currently obtain from disposal of the asset if the asset were already of the age and condition expected at the end of its useful life, having regard to the factors mentioned above. As a result, the director estimates any depreciation charge to be immaterial and as such the depreciation charge is nil for the period.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at cost.
Financial instruments
Debtors and creditors with no stated interest rate, and repayable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
23
(2023:
19
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 September 2023 |
669,726 |
|
Additions |
25,185 |
|
--------- |
|
At 31 August 2024 |
694,911 |
|
--------- |
|
Depreciation |
|
|
At 1 September 2023 |
71,718 |
|
Charge for the year |
6,041 |
|
--------- |
|
At 31 August 2024 |
77,759 |
|
--------- |
|
Carrying amount |
|
|
At 31 August 2024 |
617,152 |
|
--------- |
|
At 31 August 2023 |
598,008 |
|
--------- |
|
|
6.
Securities
There is a first legal charge and an unlimited debenture incorporating a fixed and floating charge over the property and assets of the company in respect of group wide bank borrowings.
7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
3 |
3 |
3 |
3 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
8.
Summary audit opinion
The auditor's report dated
30 May 2025
was
unqualified
.
The senior statutory auditor was
David Waining FCA
, for and on behalf of
MCABA Limited t/a Mitchells
.
9.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
2024 |
|
|
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr R Hadfield |
– |
– |
– |
|
|
---- |
---- |
---- |
|
|
|
|
|
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr R Hadfield |
4,095 |
(
4,095) |
– |
|
|
------- |
------- |
---- |
|
|
|
|
|
10.
Related party transactions
During the year, the company provided and received short term loans from related parties and group undertakings. The balances outstanding and due from/(to) related parties at 31 August 2024 are as follows:
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Amounts owed to group undertakings |
(391,516) |
(276,880) |
|
Amounts due from group undertakings |
543,183 |
383,235 |
|
Amounts due from related parties |
32,500 |
35,000 |
|
|
|
|
Outstanding balances with entities are unsecured, interest free and repayable on demand.
11.
Ultimate parent company
The company is a 100% owned subsidiary of Action For Care Limited, a company incorporated in England and Wales.
The director considers the ultimate parent company to be Hadfield Group Limited, a company incorporated in England and Wales. Consolidated financial statements can be obtained from the company's registered address; 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA.