Company Registration No. 06962390 (England and Wales)
SOUTH BUCKS SENIOR CARE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
SOUTH BUCKS SENIOR CARE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SOUTH BUCKS SENIOR CARE LTD
BALANCE SHEET
AS AT 31 MARCH 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,765
3,687
Current assets
Debtors
5
167,782
106,362
Cash at bank and in hand
179,744
47,598
347,526
153,960
Creditors: amounts falling due within one year
6
(185,720)
(104,684)
Net current assets
161,806
49,276
Net assets
164,571
52,963
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
164,471
52,863
Total equity
164,571
52,963
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
SOUTH BUCKS SENIOR CARE LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2021
31 March 2021
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 December 2021 and are signed on its behalf by:
Mr M J Lawson
Director
Company Registration No. 06962390
SOUTH BUCKS SENIOR CARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 3 -
1
Accounting policies
Company information
South Bucks Senior Care Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Unit D Bourne Park, Cores End Road, Bourne End, Buckinghamshire, England, SL8 5AS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated
amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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:
Fixtures and fittings
25% on reducing balance
Computers
33% on cost
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
.
1.5
Taxation
The tax expense represents the sum of the tax currently payable
.
SOUTH BUCKS SENIOR CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 4 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease
s
asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
106
88
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2020 and 31 March 2021
34,213
Amortisation and impairment
At 1 April 2020 and 31 March 2021
34,213
Carrying amount
At 31 March 2021
At 31 March 2020
SOUTH BUCKS SENIOR CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 5 -
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2020 and 31 March 2021
11,632
5,568
17,200
Depreciation and impairment
At 1 April 2020
7,945
5,568
13,513
Depreciation charged in the year
922
922
At 31 March 2021
8,867
5,568
14,435
Carrying amount
At 31 March 2021
2,765
2,765
At 31 March 2020
3,687
3,687
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
165,477
104,904
Other debtors
2,305
1,458
167,782
106,362
6
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
6,612
Taxation and social security
45,343
22,941
Other creditors
133,765
81,743
185,720
104,684