Company Registration No. 09410945 (England and Wales)
HOMETOUCH CARE LIMITED
Unaudited accounts
for the year ended 31 December 2022
HOMETOUCH CARE LIMITED
Unaudited accounts
Contents
HOMETOUCH CARE LIMITED
Company Information
for the year ended 31 December 2022
Directors
Robert Simon Dighero
James Matthew Wilson
Company Number
09410945 (England and Wales)
Registered Office
Unit 1
40 Bowling Green Lane
London
EC1R 0NE
England
HOMETOUCH CARE LIMITED
Statement of financial position
as at
31 December 2022
Intangible assets
3,060
4,967
Tangible assets
6,148
11,583
Cash at bank and in hand
92,172
143,025
Creditors: amounts falling due within one year
(291,321)
(221,972)
Net current assets
142,521
468,225
Total assets less current liabilities
151,730
484,776
Creditors: amounts falling due after more than one year
(291,555)
(415,052)
Net (liabilities)/assets
(139,825)
69,724
Called up share capital
909
909
Share premium
4,960,337
4,960,337
Profit and loss account
(5,101,071)
(4,891,522)
Shareholders' funds
(139,825)
69,724
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2023 and were signed on its behalf by
James Matthew Wilson
Director
Company Registration No. 09410945
HOMETOUCH CARE LIMITED
Notes to the Accounts
for the year ended 31 December 2022
HOMETOUCH CARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09410945. The registered office is Unit 1, 40 Bowling Green Lane, London, EC1R 0NE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. The accounts have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102), and the Companies Act 2006.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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).
The accounts are presented in £ sterling, which is the functional currency of the company. Monetary amounts in these accounts are rounded to the nearest pound.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & machinery
4 years on straight-line basis
Fixtures & fittings
4 years on straight-line basis
Computer equipment
4 years on straight-line basis
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows:
Software: 5 years
Amortisation is included in 'administrative expenses' in the profit and loss account.
Costs associated with maintaining computer software are recognised as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the company are recognised as intangible assets.
HOMETOUCH CARE LIMITED
Notes to the Accounts
for the year ended 31 December 2022
Research costs are expensed as incurred. Development expenditures on an individual project are recognised as an intangible asset when the company can demonstrate:
a. The technical feasibility of completing the intangible asset so that the asset will be available for use or sale
b. Its intention to complete and its ability and intention to use or sell the asset
c. How the asset will generate future economic benefits
d. The availability of resources to complete the asset
e. The ability to measure reliably the expenditure during development
Following initial recognition of the development expenditure as an asset, the asset is carried at cost less any accumulated amortisation and accumulated impairment losses. Amortisation of the asset begins when development is complete and the asset is available for use. It is amortised over the period of expected future benefit. Amortisation is recorded in cost of sales. During the period of development, the asset is tested for impairment annually.
4
Intangible fixed assets
Goodwill
At 31 December 2022
9,536
Charge for the year
1,907
At 31 December 2022
6,476
At 31 December 2022
3,060
At 31 December 2021
4,967
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2022
13,809
37,923
51,732
At 31 December 2022
13,809
38,851
52,660
At 1 January 2022
12,039
28,110
40,149
Charge for the year
1,634
4,729
6,363
At 31 December 2022
13,673
32,839
46,512
At 31 December 2022
136
6,012
6,148
At 31 December 2021
1,770
9,813
11,583
HOMETOUCH CARE LIMITED
Notes to the Accounts
for the year ended 31 December 2022
6
Investments
Subsidiary undertakings
Valuation at 1 January 2022
1
Valuation at 31 December 2022
1
Amounts falling due within one year
Trade debtors
216,255
206,303
Amounts due from group undertakings etc.
124,032
227,586
Accrued income and prepayments
1,160
120,436
Other debtors
223
(7,153)
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
21,116
10,075
Taxes and social security
49,712
29,942
Other creditors
(3,074)
(4,498)
Deferred income
217,468
139,760
9
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
431,427
492,763
Taxes and social security
(139,872)
(77,711)
Included within other creditors at the balance sheet date are convertible loan balances of £425,000 (2021; £425,000).
The company operates a defined contribution plans 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 payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
HOMETOUCH CARE LIMITED
Notes to the Accounts
for the year ended 31 December 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' Loan Receivable
10,000
-
-
10,000
12
Transactions with related parties
As at the balance sheet date the company was due £124,032 from Live in Care Jobs Limited (2021; £227.586).
13
Average number of employees
During the year the average number of employees was 20 (2021: 8).