56 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-30 Sage Accounts Production Advanced 2024 - FRS102_2024 1,260 798 2,058 189 188 377 1,681 1,071 xbrli:pure xbrli:shares iso4217:GBP 04550126 2023-10-30 2024-10-29 04550126 2024-10-29 04550126 2023-10-29 04550126 2022-11-01 2023-10-29 04550126 2023-10-29 04550126 2022-10-31 04550126 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-30 2024-10-29 04550126 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-30 2024-10-29 04550126 core:PlantMachinery 2023-10-30 2024-10-29 04550126 core:FurnitureFittings 2023-10-30 2024-10-29 04550126 bus:Director3 2023-10-30 2024-10-29 04550126 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-29 04550126 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-29 04550126 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-29 04550126 core:LandBuildings core:ShortLeaseholdAssets 2023-10-29 04550126 core:PlantMachinery 2023-10-29 04550126 core:FurnitureFittings 2023-10-29 04550126 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-29 04550126 core:LandBuildings core:ShortLeaseholdAssets 2024-10-29 04550126 core:PlantMachinery 2024-10-29 04550126 core:FurnitureFittings 2024-10-29 04550126 core:WithinOneYear 2024-10-29 04550126 core:WithinOneYear 2023-10-29 04550126 core:ShareCapital 2024-10-29 04550126 core:ShareCapital 2023-10-29 04550126 core:RetainedEarningsAccumulatedLosses 2024-10-29 04550126 core:RetainedEarningsAccumulatedLosses 2023-10-29 04550126 core:BetweenOneFiveYears 2023-10-29 04550126 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-29 04550126 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-29 04550126 core:LandBuildings core:ShortLeaseholdAssets 2023-10-29 04550126 core:PlantMachinery 2023-10-29 04550126 core:FurnitureFittings 2023-10-29 04550126 bus:Director1 2023-10-30 2024-10-29 04550126 bus:SmallEntities 2023-10-30 2024-10-29 04550126 bus:AuditExemptWithAccountantsReport 2023-10-30 2024-10-29 04550126 bus:SmallCompaniesRegimeForAccounts 2023-10-30 2024-10-29 04550126 bus:PrivateLimitedCompanyLtd 2023-10-30 2024-10-29 04550126 bus:FullAccounts 2023-10-30 2024-10-29 04550126 core:OfficeEquipment 2023-10-30 2024-10-29 04550126 core:OfficeEquipment 2023-10-29 04550126 core:OfficeEquipment 2024-10-29 04550126 core:AllAssociates 2023-10-30 2024-10-29
COMPANY REGISTRATION NUMBER: 04550126
HMT Care Ltd
Filleted Unaudited Financial Statements
29 October 2024
HMT Care Ltd
Statement of Financial Position
29 October 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
1,681
1,071
Tangible assets
6
1,563,491
1,592,694
------------
------------
1,565,172
1,593,765
Current assets
Debtors
7
772,597
390,615
Cash at bank and in hand
999,237
1,001,778
------------
------------
1,771,834
1,392,393
Creditors: amounts falling due within one year
8
326,285
254,237
------------
------------
Net current assets
1,445,549
1,138,156
------------
------------
Total assets less current liabilities
3,010,721
2,731,921
Provisions
Taxation including deferred tax
11,820
10,166
Other provisions
15,000
10,000
--------
--------
26,820
20,166
------------
------------
Net assets
2,983,901
2,711,755
------------
------------
Capital and reserves
Called up share capital
200
200
Profit and loss account
2,983,701
2,711,555
------------
------------
Shareholders funds
2,983,901
2,711,755
------------
------------
These 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 statement of income and retained earnings has not been delivered.
For the year ending 29 October 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HMT Care Ltd
Statement of Financial Position (continued)
29 October 2024
These financial statements were approved by the board of directors and authorised for issue on 12 June 2025 , and are signed on behalf of the board by:
Mr PW Glenister
Director
Company registration number: 04550126
HMT Care Ltd
Notes to the Financial Statements
Year ended 29 October 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 48 Albany Drive, Herne Bay, Kent, CT6 8PX.
2. Statement of compliance
These 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Freehold property
-
5% straight line
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Equipment
-
25% straight line
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including tranction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 56 (2023: 58 ).
5. Intangible assets
Development costs
£
Cost
At 30 October 2023
1,260
Additions
798
-------
At 29 October 2024
2,058
-------
Amortisation
At 30 October 2023
189
Charge for the year
188
-------
At 29 October 2024
377
-------
Carrying amount
At 29 October 2024
1,681
-------
At 29 October 2023
1,071
-------
6. Tangible assets
Freehold property
Investment property
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
£
Cost
At 30 Oct 2023
1,888,954
368,964
31,131
130,328
36,811
2,456,188
Additions
683
15,466
18,635
34,784
Disposals
( 19,403)
( 1,154)
( 20,557)
------------
---------
--------
---------
--------
------------
At 29 Oct 2024
1,888,954
368,964
31,814
126,391
54,292
2,470,415
------------
---------
--------
---------
--------
------------
Depreciation
At 30 Oct 2023
719,643
31,123
104,837
7,891
863,494
Charge for the year
33,346
178
11,058
10,305
54,887
Disposals
( 11,316)
( 141)
( 11,457)
------------
---------
--------
---------
--------
------------
At 29 Oct 2024
752,989
31,301
104,579
18,055
906,924
------------
---------
--------
---------
--------
------------
Carrying amount
At 29 Oct 2024
1,135,965
368,964
513
21,812
36,237
1,563,491
------------
---------
--------
---------
--------
------------
At 29 Oct 2023
1,169,311
368,964
8
25,491
28,920
1,592,694
------------
---------
--------
---------
--------
------------
Included in tangible assets is investment property which is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
7. Debtors
2024
2023
£
£
Trade debtors
176,611
132,914
Amounts owed by group undertakings and undertakings in which the company has a participating interest
300,000
Other debtors
295,986
257,701
---------
---------
772,597
390,615
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
28,044
17,717
Corporation tax
119,190
88,131
Social security and other taxes
28,339
25,739
Other creditors
150,712
122,650
---------
---------
326,285
254,237
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
1,584
Later than 1 year and not later than 5 years
3,168
----
-------
4,752
----
-------
10. Related party transactions
Included in other debtors is a loan of £245,323 (2023: £245,323) to J&J Kare Limited, a company in which L Ironside has a controlling interest. Interest has been charged on this loan amounting to £11,859 (2023: £13,976). At the year end the company was owed £300,000 (2023: £Nil) by group companies.