COMPANY REGISTRATION NUMBER:
05688399
Filleted Abridged Financial Statements |
|
Abridged Statement of Financial Position |
|
31 March 2023
Fixed assets
Tangible assets |
5 |
|
740 |
986 |
|
|
|
|
|
Current assets
Debtors |
– |
|
3,000 |
Cash at bank and in hand |
103,304 |
|
100,381 |
|
--------- |
|
--------- |
|
103,304 |
|
103,381 |
|
|
|
|
Creditors: amounts falling due within one year |
16,764 |
|
17,815 |
|
--------- |
|
--------- |
Net current assets |
|
86,540 |
85,566 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
87,280 |
86,552 |
|
|
-------- |
-------- |
Net assets |
|
87,280 |
86,552 |
|
|
-------- |
-------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
87,180 |
86,452 |
|
|
-------- |
-------- |
Shareholders funds |
|
87,280 |
86,552 |
|
|
-------- |
-------- |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
20 December 2023
, and are signed on behalf of the board by:
Company registration number:
05688399
Notes to the Abridged Financial Statements |
|
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is People in Action, St David's Way, Bermuda Park, Nuneaton, CV10 7SD, England.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
(b)
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year.
(c)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
(d)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant & Machinery |
- |
|
|
Fixtures & Fittings |
- |
|
|
Motor Vehicles |
- |
|
|
Equipment |
- |
33% straight line |
|
|
|
|
(e)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
(f)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2022:
1
).
5.
Tangible assets
|
£ |
Cost |
|
At 1 April 2022 and 31 March 2023 |
8,314 |
|
------- |
Depreciation |
|
At 1 April 2022 |
7,328 |
Charge for the year |
246 |
|
------- |
At 31 March 2023 |
7,574 |
|
------- |
Carrying amount |
|
At 31 March 2023 |
740 |
|
------- |
At 31 March 2022 |
986 |
|
------- |
|
|
6.
Summary audit opinion
The auditor's report dated
20 December 2023
was
unqualified
.
The senior statutory auditor was
O Ross BSc(Hons) FCA
, for and on behalf of
Muras Baker Jones Limited
.
7.
Related party transactions
Creditors include £14,868 (2021 £14,868) due to People in Action.
8.
Controlling party
The company is wholly owned by Charterville Care at Home Limited, a company registered in England & Wales. The Ultimate Parent Company is People in Action, a charitable company registered in England & Wales. Copies of the group accounts can be obtained from White Lion Chambers, 44 High Street, Bedworth, CV12 8NF.