REGISTERED NUMBER: 07724054 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE GARDEN OF KENT HOMECARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms A R Cooke

REGISTERED OFFICE:

2nd Floor

Medway Bridge House

1 - 8 Fairmeadow

Maidstone

Kent

ME14 1JP

REGISTERED NUMBER:

07724054 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Tangible assets

4

798,473

624,153

CURRENT ASSETS

Debtors

5

260,405

196,674

Cash at bank

163,058

325,545

423,463

522,219

CREDITORS

Amounts falling due within one year

6

127,350

114,598

NET CURRENT ASSETS

296,113

407,621

TOTAL ASSETS LESS CURRENT LIABILITIES

1,094,586

1,031,774

CREDITORS

Amounts falling due after more than one year

7

(405,701

)

(406,288

)

PROVISIONS FOR LIABILITIES

(12,425

)

(4,385

)

NET ASSETS

676,460

621,101

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

676,360

621,001

676,460

621,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2025 and were signed by:

Ms A R Cooke - Director

1.	STATUTORY INFORMATION

The Garden Of Kent Homecare Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents revenue earned under contracts to provide home and day care services for the elderly and disabled. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of the work performed. Revenue not billed to clients is included in debtors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Financial instruments

The company has elected to apply the recognition and measurement 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful lives. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges so as to achieve a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged to profit or loss on a straight line basis over the term of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2023 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 September 2023

599,672

66,539

666,211

Additions

155,527

41,215

196,742

At 31 August 2024

755,199

107,754

862,953

Depreciation

At 1 September 2023

5,995

36,063

42,058

Charge for year

11,104

11,318

22,422

At 31 August 2024

17,099

47,381

64,480

Net book value

At 31 August 2024

738,100

60,373

798,473

At 31 August 2023

593,677

30,476

624,153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

176,993

97,378

Other debtors

83,412

99,296

260,405

196,674

Other debtors includes an amount of £67,734 (2023 - £89,799) due to the company from the director.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

22,108

Hire purchase contracts (see note 8)

2,596

2,596

Trade creditors

297

3,054

Taxation and social security

47,500

29,300

Other creditors

66,957

57,540

127,350

114,598

The bank loan is secured by a fixed and floating charge over the company's assets.

The obligations under hire purchase agreements are secured by charges over the associated assets.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

398,119

396,110

Hire purchase contracts (see note 8)

7,582

10,178

405,701

406,288

The obligations under hire purchase agreements are secured by charges over the associated assets.

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

2,596

2,596

Between one and five years

7,582

10,178

10,178

12,774

Non-cancellable

operating leases

2024

2023

£

£

Within one year

1,271

9,271

Between one and five years

318

1,598

1,589

10,869

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company made advances totalling £90,313 (2023 - £127,952) to the director. The advances attracted interest at HMRC approved rates and were repayable on demand. Repayments totalling £112,378 (2023 - £101,256) were made during the year.