Gracebridge Care Limited - Filleted accounts

Registered number

10475180

Gracebridge Care Limited

Filleted Accounts

31 August 2025

Gracebridge Care Limited
Registered number:		10475180
Balance Sheet
as at 31 August 2025
			11 months			12 months
Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		152,920			105,746

Current assets
Debtors	5	554,892			238,078
Cash at bank and in hand		6,286			55,474
		561,178			293,552

Creditors: amounts falling due within one year	6	(459,832)			(152,181)

Net current assets			101,346			141,371

Total assets less current liabilities			254,266			247,117


Provisions for liabilities			(4,442)			(4,442)


Net assets			249,824			242,675

Capital and reserves
Called up share capital			100			100
Profit and loss account			249,724			242,575

Shareholders' funds			249,824			242,675

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.




L J Baillie
Director
Approved by the board on 14 May 2026

Gracebridge Care Limited
Notes to the Accounts
for the period from 1 October 2024 to 31 August 2025


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,which excludes customer refunds and trade discounts,represents the invoiced value of services supplied,and is recognised as the relevant services are delivered.Revenue is deferred to the extent it is invoiced in advance of the associated services being delivered..

	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	15% reducing balance
	Motor vehicles	25% reducing balance

	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.

2	Going Concern

	The company's activities are the provision of residential care for young people aged between 10 and 18 years that have emotional and social behaviour difficulties.The nature of the care is long term and the company has track record of maintaining high occupancy levels. The company meets its day-to-day working capital requirements through its overdraft and loans facility and through credit terms with suppliers. Also financial support from the associated company. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. The director has considered cash flow forecasts and funding requirements of the business for the foreseeable future in assessing the going concern assertion. The director considers that preparing the financial statements on the going' concern basis is appropriate based on their enquiries. Having taken account of the ongoing funding requirements of the business and the facilities available to the company, the director considers that the company has the ability to fulfil its commitments for at least 12 months from the date the financial statements are signed. Therefore the director considers that the company has reasonable expectation that it can meet all of its liabilities as they fall due for the foreseeable future from the date of approval of the financial statements



3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			50		41


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 October 2024	80,892		66,599		147,491
	Additions	34,359		35,499		69,858
	At 31 August 2025	115,251		102,098		217,349

	Depreciation
	At 1 October 2024	21,759		19,986		41,745
	Charge for the period	11,844		10,840		22,684
	At 31 August 2025	33,603		30,826		64,429

	Net book value
	At 31 August 2025	81,648		71,272		152,920
	At 30 September 2024	59,133		46,613		105,746


5	Debtors			2025		2024
£					£

	Trade debtors			499,557		163,739
	Amounts due from associated company			-		34,800
	Other debtors			55,335		39,539
				554,892		238,078


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			78,674		-
	Trade creditors			57,736		17,445
	Amounts due to associated company			145,000		-
	Taxation and social security costs			124,641		109,738
	Other creditors			53,781		24,998
				459,832		152,181

7	Other information

	Gracebridge Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Arden Lodge
	946 Warwick Road
	Birmingham
	B27 6QG