Registered number
08582793
Tavy Care Services Limited
Filleted Accounts
30 June 2024
Tavy Care Services Limited
Registered number: 08582793
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 7,158 8,217
Current assets
Debtors 5 24,936 31,352
Cash at bank and in hand 53,398 37,682
78,334 69,034
Creditors: amounts falling due within one year 6 (28,957) (74,224)
Net current assets/(liabilities) 49,377 (5,190)
Total assets less current liabilities 56,535 3,027
Provisions for liabilities (1,360) (1,561)
Net assets 55,175 1,466
Capital and reserves
Called up share capital 99 99
Profit and loss account 55,076 1,367
Shareholders' funds 55,175 1,466
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.
Mr C J Wiles
Director
Approved by the board on 19 June 2025
Tavy Care Services Limited
Notes to the Accounts
for the year ended 30 June 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. Turnover includes revenue earned from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 37 40
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 10,900
At 30 June 2024 10,900
Amortisation
At 1 July 2023 10,900
At 30 June 2024 10,900
Net book value
At 30 June 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 19,348 2,000 21,348
Additions 761 - 761
At 30 June 2024 20,109 2,000 22,109
Depreciation
At 1 July 2023 11,606 1,525 13,131
Charge for the year 1,701 119 1,820
At 30 June 2024 13,307 1,644 14,951
Net book value
At 30 June 2024 6,802 356 7,158
At 30 June 2023 7,742 475 8,217
5 Debtors 2024 2023
£ £
Loans 24,936 31,352
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3 -
Taxation and social security costs 9,796 58,466
Other creditors 19,158 15,758
28,957 74,224
7 Related party transactions
An interest-free loan of £16,938 has been made to the company by Mr C J Wiles and Mrs J R Wiles, which is repayable when funds allow.
8 Controlling party
The company is controlled by Mr C J Wiles and Mrs J R Wiles (directors and shareholders).
9 Other information
Tavy Care Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office D
3 Abbey Place
Tavistock
Devon
PL19 0AB
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