Company registration number 13707301 (England and Wales)
GRAHAMS CONSULTANTS CHILDREN'S HOME SUPPORT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 15 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
GRAHAMS CONSULTANTS CHILDREN'S HOME SUPPORT LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
GRAHAMS CONSULTANTS CHILDREN'S HOME SUPPORT LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GRAHAMS CONSULTANTS CHILDREN'S HOME SUPPORT LTD FOR THE PERIOD ENDED 15 SEPTEMBER 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Grahams Consultants Children's Home Support Ltd for the period ended 15 September 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Grahams Consultants Children's Home Support Ltd, as a body, in accordance with the terms of our engagement letter dated 4 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Grahams Consultants Children's Home Support Ltd and state those matters that we have agreed to state to the board of directors of Grahams Consultants Children's Home Support Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grahams Consultants Children's Home Support Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Grahams Consultants Children's Home Support Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Grahams Consultants Children's Home Support Ltd. You consider that Grahams Consultants Children's Home Support Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Grahams Consultants Children's Home Support Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Waters & Atkinson
21 December 2023
Chartered Accountants
The Old Court House
Clark Street
Morecambe
Lancashire
LA4 5HR
GRAHAMS CONSULTANTS CHILDREN'S HOME SUPPORT LTD
BALANCE SHEET
AS AT
15 SEPTEMBER 2023
15 September 2023
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15 September 2023
31 October 2022
Notes
£
£
£
£
Current assets
Debtors
4,729
7,560
Cash at bank and in hand
8,802
6,365
13,531
13,925
Creditors: amounts falling due within one year
(5,190)
Net current assets
13,531
8,735
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
13,529
8,733
Total equity
13,531
8,735
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
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 period ended 15 September 2023 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.
The members have not required the company to obtain an audit of its financial statements for the period 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.
The financial statements were approved by the board of directors and authorised for issue on 21 December 2023 and are signed on its behalf by:
Mrs J M Graham
Mr D Graham
Director
Director
Company Registration No. 13707301
GRAHAMS CONSULTANTS CHILDREN'S HOME SUPPORT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 15 SEPTEMBER 2023
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1
Accounting policies
Company information
Grahams Consultants Children's Home Support Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 St Johns Grove, Heysham, Morecambe, Lancashire, England, LA3 1ET.
1.1
Reporting period
These financial statements cover the reporting period from 1 November 2022 to 15 September 2023. The comparative figures cover the period ended 31 October 2022. The length of the current reporting period is less than one year due to cessation of trade on 15 September 2023. As such the comparative amounts presented in the financial statements (including the related notes) are note entirely comparable.
1.2
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 amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
The company has ceased trading with the intention to wind up the company post year end.true
1.4
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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
GRAHAMS CONSULTANTS CHILDREN'S HOME SUPPORT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 15 SEPTEMBER 2023
1
Accounting policies
(Continued)
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Basic financial liabilities
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
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.
1.9
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
1.10
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 leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
2
2