REGISTERED NUMBER: |
Affinity Fostering Services Ltd |
Financial Statements |
For The Period |
1st July 2022 to 31st March 2023 |
REGISTERED NUMBER: |
Affinity Fostering Services Ltd |
Financial Statements |
For The Period |
1st July 2022 to 31st March 2023 |
Affinity Fostering Services Ltd (Registered number: 08581558) |
Contents of the Financial Statements |
For The Period 1st July 2022 to 31st March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 5 |
Affinity Fostering Services Ltd |
Company Information |
For The Period 1st July 2022 to 31st March 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Affinity Fostering Services Ltd (Registered number: 08581558) |
Balance Sheet |
31st March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Affinity Fostering Services Ltd (Registered number: 08581558) |
Notes to the Financial Statements |
For The Period 1st July 2022 to 31st March 2023 |
1. | STATUTORY INFORMATION |
Affinity Fostering Services Ltd is a |
The presentation currency of the financial statements is Pound Sterling (£) and the financial statements are |
rounded to the nearest Pound. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on an historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through the profit and loss. |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that might affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover is represented by amounts received for services rendered. Revenue from contracts to provide foster care services is recognised in the period in which the services are provided. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Office equipment | - |
Financial instruments |
Basic financial instruments are measured at amortised cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Affinity Fostering Services Ltd (Registered number: 08581558) |
Notes to the Financial Statements - continued |
For The Period 1st July 2022 to 31st March 2023 |
2. | ACCOUNTING POLICIES - continued |
Subvention policy |
Where tax losses are surrendered between group companies the company surrendering the loss receives |
compensation from the recipient company in the form of subvention payments. The value of the subvention |
payment is the amount of tax saved by the recipient. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Office |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st July 2022 |
Additions |
At 31st March 2023 |
DEPRECIATION |
At 1st July 2022 |
Charge for period |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 30th June 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Social security and other taxes |
Other creditors |
Directors' current accounts | - | 5,667 |
Accruals and deferred income |
Affinity Fostering Services Ltd (Registered number: 08581558) |
Notes to the Financial Statements - continued |
For The Period 1st July 2022 to 31st March 2023 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |