1.
General Information
Surrey Care At Home Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
05316561
. The registered office is C/O BWBCA Limited Office 44, A30 Business Centre, Okehampton, Devon, EX20 1BG.
The presentation currency of the financial statements is the Pound Sterling (£).
The company place of business is The Lansbury Estate, 102 Lower Guildford Road, Woking, Surrey.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover comprises revenue recognised by the company in respect of services supplied during the year, and is recognised on a work done basis.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.4.
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.5.
Financial Instruments
Debt instruments, other than those wholly repayable within one year, are initially measured at transaction price including transaction costs and subsequently at amortised cost using the effective interest rate method.
2.6.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
Surrey Care At Home Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.8.
Government Grant
Grant income is recognised on an accruals basis. Grants which relate to revenue are recognised in income on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to cover.
3.
Average Number of Employees
Average number of employees during the year was: 81 (2023: 84)
4.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 January 2024 |
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| Additions |
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| Disposals |
( |
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( |
( |
| As at 31 December 2024 |
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| Depreciation | |||||
| As at 1 January 2024 |
|
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| Provided during the period |
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| Disposals |
( |
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( |
( |
| As at 31 December 2024 |
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| Net Book Value | |||||
| As at 31 December 2024 |
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| As at 1 January 2024 |
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5.
Debtors
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Amounts owed by group undertakings | 320,954 | 313,359 | |
| Other debtors | 20,982 | 57,433 | |
|
|
|
||
| Due after more than one year | |||
| Other debtors | 10,551 | - | |
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Surrey Care At Home Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6.
Creditors: Amounts Falling Due Within One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Other creditors | 144,037 | 154,952 | |
| Taxation and social security |
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||
7.
Creditors: Amounts Falling Due After More Than One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
8.
Secured Creditors
The following secured debts are included within creditors:
|
2024
|
2023
|
||
|
£
|
£
|
||
|
Bank overdraft
|
21,732
|
14,057
|
|
|
Bank loan
|
117,345
|
155,436
|
|
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
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|
139,077
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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|
169,494
|
The overdraft facility and a bank loan are secured by a charge over certain assets of the company.
11.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
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| Later than one year and not later than five years |
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Surrey Care At Home Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
12.
Related Party Transactions
At the year end the company owed the directors £964 (2023: the directors owed the company £16,532). The loan is interest free and repayable on demand.
During the prior year, the company made a loan amounting to £24,349 to a close member of the directors family. The loan is interest free and to be repaid in equal installments by February 2028. At the balance sheet date, the loan balance was £15,421 (2023: £20,291) and presented within debtors. The loan balance due within one year is £4,870 and amount due after one year is £10,551.
13.
Ultimate Controlling Party
The company's ultimate controlling party is
M&T Holdings Limited
by virtue of his ownership of 100% of the issued share capital in the company.