Company registration number 13299369 (England and Wales)
LOTUS CARE AND SUPPORT SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
LOTUS CARE AND SUPPORT SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LOTUS CARE AND SUPPORT SERVICES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
41,645
6,205
Current assets
Debtors
4
61,088
32,314
Cash at bank and in hand
35,502
16
96,590
32,330
Creditors: amounts falling due within one year
5
(62,032)
(37,623)
Net current assets/(liabilities)
34,558
(5,293)
Total assets less current liabilities
76,203
912
Creditors: amounts falling due after more than one year
6
(36,817)
-
0
Provisions for liabilities
(10,319)
(778)
Net assets
29,067
134
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
28,967
34
Total equity
29,067
134

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 July 2025 and are signed on its behalf by:
Ms F H Davies
Director
Company registration number 13299369 (England and Wales)
LOTUS CARE AND SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Lotus Care and Support Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hazel Suite, Caerleon House, Mamhilad Park Estate, Pontypool, NP4 0XX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

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.

LOTUS CARE AND SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
30
42
LOTUS CARE AND SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
3,103
7,359
-
0
10,462
Additions
-
0
1,000
35,994
36,994
At 31 March 2025
3,103
8,359
35,994
47,456
Depreciation and impairment
At 1 April 2024
1,048
3,209
-
0
4,257
Depreciation charged in the year
515
1,039
-
0
1,554
At 31 March 2025
1,563
4,248
-
0
5,811
Carrying amount
At 31 March 2025
1,540
4,111
35,994
41,645
At 31 March 2024
2,055
4,150
-
0
6,205
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
45,118
-
0
Other debtors
1,857
32,314
Prepayments and accrued income
14,113
-
0
61,088
32,314
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
26,068
-
0
Obligations under finance leases
6,501
-
0
Trade creditors
2,263
1,188
Corporation tax
18,902
18,185
Other taxation and social security
7,437
6,752
Other creditors
861
11,498
62,032
37,623

Included in creditors: amounts falling due within one year is an unsecured bank loan of £26,068.

 

Included in creditors: amounts falling due within one year is a finance lease of £6,501 secured over the motor vehicle.

 

LOTUS CARE AND SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
10,813
-
0
Other creditors
26,004
-
0
36,817
-
0

Included in creditors: amounts falling due in more than one year is an unsecured bank loan of £10,813.

 

Included in creditors: amounts falling due in more than one year is a finance lease of £26,004 secured over the motor vehicle.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Related party transactions

During the year, the company advanced a loan to its parent company, FHD Holdings Ltd. The balance outstanding at the year-end was £45,118 (2024: £nil), which is included within debtors: amounts falling due within one year.

9
Parent company

The parent company is FHD Holdings Ltd, whose registered office is Hazel Suite, Caerleon House, Mamhilad Park Estate, Pontypool, Torfaen, NP4 0XX

 

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