22 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 60 60 60 xbrli:pure xbrli:shares iso4217:GBP 06266484 2023-11-01 2024-10-31 06266484 2024-10-31 06266484 2023-10-31 06266484 2022-11-01 2023-10-31 06266484 2023-10-31 06266484 2022-10-31 06266484 core:PlantMachinery 2023-11-01 2024-10-31 06266484 bus:Director1 2023-11-01 2024-10-31 06266484 bus:Director5 2023-11-01 2024-10-31 06266484 core:PlantMachinery 2023-10-31 06266484 core:PlantMachinery 2024-10-31 06266484 core:WithinOneYear 2024-10-31 06266484 core:WithinOneYear 2023-10-31 06266484 core:ShareCapital 2024-10-31 06266484 core:ShareCapital 2023-10-31 06266484 core:RetainedEarningsAccumulatedLosses 2024-10-31 06266484 core:RetainedEarningsAccumulatedLosses 2023-10-31 06266484 core:CostValuation core:Non-currentFinancialInstruments 2024-10-31 06266484 core:Non-currentFinancialInstruments 2024-10-31 06266484 core:Non-currentFinancialInstruments 2023-10-31 06266484 core:PlantMachinery 2023-10-31 06266484 bus:SmallEntities 2023-11-01 2024-10-31 06266484 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 06266484 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 06266484 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06266484 bus:FullAccounts 2023-11-01 2024-10-31 06266484 core:OfficeEquipment 2024-10-31 06266484 core:OfficeEquipment 2023-10-31 06266484 core:OfficeEquipment 2023-11-01 2024-10-31
COMPANY REGISTRATION NUMBER: 06266484
Care Facilities Management Ltd
Filleted Unaudited Financial Statements
31 October 2024
Care Facilities Management Ltd
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
175
395
Investments
6
60
60
----
----
235
455
Current assets
Debtors
7
602,557
775,669
Cash at bank and in hand
548,225
329,111
------------
------------
1,150,782
1,104,780
Creditors: amounts falling due within one year
8
851,559
765,888
------------
------------
Net current assets
299,223
338,892
---------
---------
Total assets less current liabilities
299,458
339,347
---------
---------
Net assets
299,458
339,347
---------
---------
Capital and reserves
Called up share capital
120
120
Profit and loss account
299,338
339,227
---------
---------
Shareholders funds
299,458
339,347
---------
---------
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 31 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 .
Care Facilities Management Ltd
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 8 July 2025 , and are signed on behalf of the board by:
A J Fogarty
P Hammond
Director
Director
Company registration number: 06266484
Care Facilities Management Ltd
Notes to the Financial Statements
Year ended 31 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 Scott House, Suite 1, Waterloo Station, London, SE1 7LY, England.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
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:
Plant and machinery
-
25% reducing balance
Equipment
-
20% Straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
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 22 (2023: 22 ).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 November 2023 and 31 October 2024
3,480
3,938
7,418
-------
-------
-------
Depreciation
At 1 November 2023
3,247
3,776
7,023
Charge for the year
58
162
220
-------
-------
-------
At 31 October 2024
3,305
3,938
7,243
-------
-------
-------
Carrying amount
At 31 October 2024
175
175
-------
-------
-------
At 31 October 2023
233
162
395
-------
-------
-------
6. Investments
Shares in participating interests
£
Cost
At 1 November 2023 and 31 October 2024
60
----
Impairment
At 1 November 2023 and 31 October 2024
----
Carrying amount
At 31 October 2024
60
----
At 31 October 2023
60
----
7. Debtors
2024
2023
£
£
Trade debtors
435,017
747,874
Other debtors
167,540
27,795
---------
---------
602,557
775,669
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
290,673
296,750
Corporation tax
167,625
70,071
Social security and other taxes
115,746
169,085
Other creditors
1,087
239
Income received in advance
265,777
221,940
Other creditors
10,651
7,803
---------
---------
851,559
765,888
---------
---------