HOPSCOTCH CARE LIMITED


Directors	WEATHERILL, Carl Andrew
	WEATHERILL, Esther Jane
	WEATHERILL, Matthew James
	WEATHERILL, Tobias William


Registered Address	19 Lancaster Road
	Carnforth
	LA5 9LD


Registered Number	07373908 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 rendering of services. 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.

Turnover policy

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 rendering of services.

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.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on Land and buildings as follows - Freehold property- 2% Straight Line Long-term Leasehold property- Over 15 years

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on Land and buildings as follows - 

Freehold property- 2% Straight Line

Long-term Leasehold property- Over 15 years

	Finance leases and hire purchase contracts
	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 Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

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 Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	107		107

3.	Tangible fixed assets

	Land & buildings	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 24	1,289,674	272,868	68,569	1,631,111
Additions	-	48,160	4,914	53,074
Disposals	-	(32,500)	-	(32,500)
At 31 December 24	1,289,674	288,528	73,483	1,651,685
Depreciation and impairment
At 01 January 24	257,976	102,737	36,938	397,651
Charge for year	35,541	65,469	8,399	109,409
At 31 December 24	293,517	168,206	45,337	507,060
Net book value
At 31 December 24	996,157	120,322	28,146	1,144,625
At 31 December 23	1,031,698	170,131	31,631	1,233,460


	Land and Buildings can be further analysed as: Freehold Property- £951,816 Long-term leasehold property- £44,341

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	454,920	641,998
Other debtors	1,118,206	579,782
Prepayments and accrued income	46,460	42,532
Total	1,619,586	1,264,312

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	13,756	75,396
Bank borrowings and overdrafts	60,600	60,600
Taxation and social security	515,927	602,594
Finance lease and HP contracts	5,068	7,642
Other creditors	-	26,083
Accrued liabilities and deferred income	2,620	1,380
Total	597,971	773,695


	Bank borrowings are secured by a fixed and floating charge over assets of the company. Finance lease and HP contracts are secured on the assets to which they relate.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	398,013	457,104
Other creditors	14,787	19,855
Total	412,800	476,959


	Bank borrowings are secured by a fixed and floating charge over assets of the company. Other creditors comprise Finance lease and HP contracts, and these are secured on the assets to which they relate.

7.	Creditors: amounts due after 5 years
	Bank loans repayable after more than five years amount to £181,759 (2023 - £230,899).

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	19,855		27,497

9.	Other commitments
	At 31 December 2024 the company had future minimum lease payments under non-cancellable operating leases of £0 (2023: £7,976) in relation to vehicles and £50,250 (2023: £108,384) in relation to property rentals.

10.	Guarantees provided on behalf of directors
	Mrs Weatherill, Mr Witt and Mrs Witt, all share holders of the company, have provided joint personal guarantees to secure the full amount of the outstanding bank loan of the company, including any interest and costs.

11.	Related party transactions
	On 1 January 2024 the company was owed £92,182 by the Directors. During the period the directors were repaid £431,500 and extracted a further £561,161. At 31 December 2024, the company was owed £221,843 by the Directors. Interest of £4,570 was charged on this loan and the loan is repayable on demand. The company rents a property from close family members of one of the directors. The property is used for staff training purposes and during the year, the company paid rent of £36,480 for this property.

11.

Related party transactions

On 1 January 2024 the company was owed £92,182 by the Directors. During the period the directors were repaid £431,500 and extracted a further £561,161.  At 31 December 2024, the company was owed £221,843 by the Directors.  Interest of £4,570  was charged on this loan and the loan is repayable on demand.

The company rents a property from close family members of one of the directors. The property is used for staff training purposes and during the year, the company paid rent of £36,480 for this property.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,144,625		1,233,460
			1,144,625		1,233,460
Current assets
Debtors	4	1,619,586		1,264,312
Cash at bank and on hand		640,279		475,249
		2,259,865		1,739,561
Creditors amounts falling due within one year	5	(597,971)		(773,695)
Net current assets (liabilities)			1,661,894		965,866
Total assets less current liabilities			2,806,519		2,199,326
Creditors amounts falling due after one year	6		(412,800)		(476,959)
Net assets			2,393,719		1,722,367
Capital and reserves
Called up share capital			100		100
Profit and loss account			2,393,619		1,722,267
Shareholders' funds			2,393,719		1,722,367