Registered number
13693826
Acacia Lodge Care Home Limited
Filleted Accounts
31 October 2024
Acacia Lodge Care Home Limited
Registered number: 13693826
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,466 2,732
Current assets
Debtors 4 19,541 22,244
Cash at bank and in hand 717,783 366,633
737,324 388,877
Creditors: amounts falling due within one year 5 (236,640) (160,286)
Net current assets 500,684 228,591
Total assets less current liabilities 513,150 231,323
Provisions for liabilities (2,550) (681)
Net assets 510,600 230,642
Capital and reserves
Called up share capital 1 1
Profit and loss account 510,599 230,641
Shareholders' funds 510,600 230,642
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.
Monica Patel
Director
Approved by the board on 10 July 2025
Acacia Lodge Care Home Limited
Notes to the Accounts
for the year ended 31 October 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 40 40
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 2,877
Additions 11,255
At 31 October 2024 14,132
Depreciation
At 1 November 2023 145
Charge for the year 1,521
At 31 October 2024 1,666
Net book value
At 31 October 2024 12,466
At 31 October 2023 2,732
4 Debtors 2024 2023
£ £
Trade debtors 8,805 -
Other debtors 10,736 22,244
19,541 22,244
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 20,757 10,757
Taxation and social security costs 103,376 51,345
Other creditors 112,507 98,184
236,640 160,286
6 Other information
Acacia Lodge Care Home Limited is a private company limited by shares and incorporated in England. Its registered office is:
216 Norsey Road
Billericay
CM11 1DB
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