31/12/2019
2019-12-31
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No description of principal activities is disclosed
2019-01-01
Sage Accounts Production 19.0 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
09442130
2019-01-01
2019-12-31
09442130
2019-12-31
09442130
2018-12-31
09442130
2018-01-01
2018-12-31
09442130
2018-12-31
09442130
core:IntangibleAssetsOtherThanGoodwill
2019-01-01
2019-12-31
09442130
core:PlantMachinery
2019-01-01
2019-12-31
09442130
core:FurnitureFittingsToolsEquipment
2019-01-01
2019-12-31
09442130
core:MotorVehicles
2019-01-01
2019-12-31
09442130
core:NetGoodwill
2019-01-01
2019-12-31
09442130
bus:Director1
2019-01-01
2019-12-31
09442130
core:NetGoodwill
2018-12-31
09442130
core:IntangibleAssetsOtherThanGoodwill
2019-12-31
09442130
core:PlantMachinery
2018-12-31
09442130
core:FurnitureFittingsToolsEquipment
2018-12-31
09442130
core:MotorVehicles
2018-12-31
09442130
core:PlantMachinery
2019-12-31
09442130
core:FurnitureFittingsToolsEquipment
2019-12-31
09442130
core:WithinOneYear
2019-12-31
09442130
core:WithinOneYear
2018-12-31
09442130
core:AfterOneYear
2019-12-31
09442130
core:AfterOneYear
2018-12-31
09442130
core:ShareCapital
2019-12-31
09442130
core:ShareCapital
2018-12-31
09442130
core:RetainedEarningsAccumulatedLosses
2019-12-31
09442130
core:RetainedEarningsAccumulatedLosses
2018-12-31
09442130
core:BetweenOneFiveYears
2019-12-31
09442130
core:BetweenOneFiveYears
2018-12-31
09442130
core:MoreThanFiveYears
2018-12-31
09442130
core:NetGoodwill
2018-12-31
09442130
core:PlantMachinery
2018-12-31
09442130
core:FurnitureFittingsToolsEquipment
2018-12-31
09442130
core:MotorVehicles
2018-12-31
09442130
bus:SmallEntities
2019-01-01
2019-12-31
09442130
bus:AuditExempt-NoAccountantsReport
2019-01-01
2019-12-31
09442130
bus:FullAccounts
2019-01-01
2019-12-31
09442130
bus:SmallCompaniesRegimeForAccounts
2019-01-01
2019-12-31
09442130
bus:PrivateLimitedCompanyLtd
2019-01-01
2019-12-31
Company registration number:
09442130
24 Hour Homecare Limited
Unaudited filleted financial statements
31 December 2019
24 Hour Homecare Limited
Contents
Statement of financial position
Notes to the financial statements
24 Hour Homecare Limited
Statement of financial position
31 December 2019
|
|
|
2019
|
|
|
|
2018
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
5
|
18,182
|
|
|
|
16,196
|
|
|
Tangible assets
|
|
6
|
13,342
|
|
|
|
11,219
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
31,524
|
|
|
|
27,415
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
7
|
90,968
|
|
|
|
64,694
|
|
|
Cash at bank and in hand
|
|
|
122,591
|
|
|
|
91,442
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
213,559
|
|
|
|
156,136
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
8
|
(
145,842)
|
|
|
|
(
139,382)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets
|
|
|
|
|
67,717
|
|
|
|
16,754
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
99,241
|
|
|
|
44,169
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
after more than one year
|
|
9
|
|
|
(
83,333)
|
|
|
|
(
4,034)
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities
|
|
|
|
|
(
1,760)
|
|
|
|
(
1,136)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
14,148
|
|
|
|
38,999
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
1,000
|
|
|
|
1,000
|
Profit and loss account
|
|
|
|
|
13,148
|
|
|
|
37,999
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholder funds
|
|
|
|
|
14,148
|
|
|
|
38,999
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
11 March 2020
, and are signed on behalf of the board by:
Mr Mark Collier
Director
Company registration number:
09442130
24 Hour Homecare Limited
Notes to the financial statements
Year ended 31 December 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 6 Primrose Avenue, Urmston, Manchester, M41 0TY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the total invoice value of sales made during the period and derives from the sale of services within the company's ordinary activities. Revenue is recognised once the service has been completed.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Franchise fees
Intangible assets relate to franchise fees. Franchise fees are amortised straight line over the assets useful life.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
|
Franchise Fees |
- |
Straight Line over 10 Years
|
Website |
- |
33.33 % |
straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
|
|
|
|
|
|
Computer equipment
|
-
|
25 %
|
straight line
|
|
Fittings fixtures and equipment
|
-
|
15 %
|
reducing balance
|
|
Motor vehicles
|
-
|
33.3 %
|
straight line
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
54
(2018:
54
).
5.
Intangible assets
|
|
Franchise
|
Website
|
Total
|
|
|
|
|
|
£
|
£
|
£
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
At 1 January 2019
|
23,994
|
-
|
23,994
|
|
|
|
|
Additions
|
-
|
18,756
|
18,756
|
|
|
|
|
Disposals
|
(23,994)
|
-
|
(23,994)
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 December 2019
|
-
|
18,756
|
18,756
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
Amortisation
|
|
|
|
|
|
|
|
At 1 January 2019
|
7,798
|
-
|
7,798
|
|
|
|
|
Charge for the year
|
-
|
574
|
574
|
|
|
|
|
Disposals
|
(
7,798)
|
-
|
(
7,798)
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 December 2019
|
-
|
574
|
574
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 31 December 2019
|
-
|
18,182
|
18,182
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 December 2018
|
16,196
|
-
|
16,196
|
|
|
|
|
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Computer equipment
|
Fixtures, fittings and equipment
|
Motor vehicles
|
Total
|
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 January 2019
|
7,586
|
11,544
|
9,704
|
28,834
|
|
|
|
|
Additions
|
1,580
|
4,512
|
-
|
6,092
|
|
|
|
|
Disposals
|
-
|
-
|
(
9,704)
|
(
9,704)
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 December 2019
|
9,166
|
16,056
|
-
|
25,222
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 January 2019
|
4,537
|
4,727
|
8,351
|
17,615
|
|
|
|
|
Charge for the year
|
1,280
|
1,336
|
-
|
2,616
|
|
|
|
|
Disposals
|
-
|
-
|
(
8,351)
|
(
8,351)
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 December 2019
|
5,817
|
6,063
|
-
|
11,880
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 December 2019
|
3,349
|
9,993
|
-
|
13,342
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 December 2018
|
3,049
|
6,817
|
1,353
|
11,219
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
77,793
|
61,022
|
|
Other debtors
|
|
13,175
|
3,672
|
|
|
|
_______
|
_______
|
|
|
|
90,968
|
64,694
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Bank loan
|
|
50,000
|
-
|
|
Trade creditors
|
|
5,210
|
36,993
|
|
Corporation tax
|
|
-
|
41,816
|
|
Social security and other taxes
|
|
36,076
|
14,934
|
|
Other creditors
|
|
54,556
|
45,639
|
|
|
|
_______
|
_______
|
|
|
|
145,842
|
139,382
|
|
|
|
_______
|
_______
|
|
|
|
|
|
There is fixed and floating charge over the assets
9.
Creditors: amounts falling due after more than one year
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Bank loan
|
|
83,333
|
-
|
|
Other creditors
|
|
-
|
4,034
|
|
|
|
_______
|
_______
|
|
|
|
83,333
|
4,034
|
|
|
|
_______
|
_______
|
|
|
|
|
|
There is a fixed and floating charge over the assets,
10.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
Not later than 1 year |
22,402
|
26,415
|
Later than 1 year and not later than 5 years |
32,209
|
29,845
|
Later than 5 years |
- |
209
|
|
_______ |
_______ |
|
54,611
|
56,469
|
|
_______ |
_______ |
|
|
|