Registration number:
Haslemere Homecare Limited
for the Year Ended 30 December 2024
Haslemere Homecare Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Haslemere Homecare Limited
Company Information
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Directors |
Mr Duncan Kemp Mrs Lisa Kemp |
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Registered office |
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Accountants |
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Haslemere Homecare Limited
(Registration number: 07849152)
Balance Sheet as at 30 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). The company has adopted early implementation of The Periodic Review 2024 amendments to FRS102.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
After considering the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue to trade for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.
The company offers domicilary care services to both private and social services clients. Revenue is recognised once services have been provided.
Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
Tax
Taxation expense represents the aggregate amount of current tax recognised in the accounting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Were it material, deferred tax would be recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
No deferred tax has been recognised in these accounts as it is immaterial.
Current tax assets and liabilities are not discounted.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
At each reporting date these assets are reviewed to determine whether there is an indication of impairment. So far no evidence of impairment has been identified, Were impairment identified an appropriate accounting policy would be included explaining how this was dealt with.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Computer Equipment |
33.3% straight line |
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Leasehold improvements |
Straight line over the period of the lease |
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Office Equipment |
33.3% straight line |
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Right of use asset - Leashold Premises |
Straight line over the period of the lease |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Short term debtors are measured at transaction price, less any impairment.
Stocks
Stocks are stated at the lower of cost and net realisable value. At each reporting date, stocks are assessed for impairment. Were impairment identified an appropriate accounting policy would be included explaining how this was dealt with.
When stocks are utilised the carrying amount of that stock is recognised as an expense in cost of sales in the period that the stock was used.
Trade creditors
Short term creditors are measured at transaction price.
Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
Leases
Early implementation of the Periodic Review 2024 amendments has been adopted thus leases have been accounted for under the requirements of Section 20 of FRS102 accordingly.
Lease payments for low value assets and short term leases are charged to profit or loss on a straight-line basis over the period of the lease.
Other leased assets (right of use assets) are recognised on the balance sheet at the present value of the minimum remaining lease payments, discounted using the company's estimated obtainable borrowing rate. Such assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a lease obligation.
Lease payments re right of use assets are apportioned between finance costs in the profit and loss account and reduction of the lease obligation using the effective interest method, so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Right of use assets are included in tangible fixed assets and are depreciated and reviewed for impairment in the same way as assets owned outright.
Directors' loans
As permitted by FRS102 S1A loans to or from directors are recorded at transaction price.
Defined contribution pension obligation
Contributions to pension plans are expensed in the period to which they relate.
Financial instruments
Classification
Recognition and measurement
Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
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Tangible assets |
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Leasehold Improvements |
Right of use asset - Leasehold premises |
Office Equipment |
Computer Equipment |
Total |
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Cost or valuation |
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At 31 December 2023 |
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Additions |
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At 30 December 2024 |
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Depreciation |
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At 31 December 2023 |
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Charge for the year |
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At 30 December 2024 |
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Carrying amount |
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At 30 December 2024 |
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At 30 December 2023 |
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Stocks |
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2024 |
2023 |
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Other inventories |
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Debtors |
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2024 |
2023 |
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Trade debtors |
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Other debtors |
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Prepayments |
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Accrued income |
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Less non-current portion |
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Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
Details of non-current trade and other debtors
£Nil (2023 -£7,200) of Rent deposit (included in prepayments) is classified as non current.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Lease liabilities |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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£20,134 (£66,326 - 2023) of the other creditors is figure is made up of loans from the directors (see note 12).
Creditors: amounts falling due after more than one year
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Note |
2024 |
2023 |
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Due after one year |
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Lease liabilities |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
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Long term lease liabilties - right of use asset |
Non-current lease liabilties - right of use asset
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2024 |
2023 |
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Right of use property lease liability (1-2 yrs) |
6,556 |
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Right of use property lease liability (2-5 yrs) |
24,779 |
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Right of use property lease liability (over 5yrs) |
99,427 |
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Current lease liabilities - right of use asset
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2024 |
2023 |
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Right of use property lease liability 1 (under 1yr) |
4,199 |
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The amount of right of use asset lease payments made during the year was £9,900 of which £4,950 is included in prepayments as it relates to the following year.
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Obligations under leases |
The total of future minimum lease payments relating to low value assets and short term leases :
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2024 |
2023 |
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Not later than one year |
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Later than one year and not later than five years |
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Later than five years |
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The total future lease payments under short term leases included in the above figures is £231 which is included in the 'Not later than one year' category.
The amount of low value asset lease payments recognised as an expense during the year was £
The amount of short term lease payments recognised as an expense in the year was £914.
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Dividends |
Interim dividends of £174,600 were declared and paid during the year.
Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
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Related party transactions |
Loans to related parties
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2024 |
Key management |
Total |
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Advanced |
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Repaid |
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At end of period |
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2023 |
Key management |
Total |
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Advanced |
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Repaid |
( |
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At end of period |
- |
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Terms of loans to related parties
Loans from related parties
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2024 |
Key management |
Total |
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At start of period |
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Advanced |
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Repaid |
( |
( |
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At end of period |
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2023 |
Key management |
Total |
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At start of period |
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Advanced |
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Repaid |
( |
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At end of period |
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Haslemere Homecare Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024
Terms of loans from related parties
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Going Concern |
The directors have considered future perfomance and current and future sources of funding and support and are confident that these will be more than adequate for the company's needs. Demand for the company's services remains strong and, due to the ever ageing population, and the quality of service provided, the directors are confident that it will continue to be so.
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Deferred tax |
A deferred tax liability of £1,512 and deferred tax asset of £398 have not been accounted for on the basis that they are immaterial.