N C Homecare Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07201949 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

N C HOMECARE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

B H Moynihan

Mrs A L Moynihan

REGISTERED OFFICE:

Halpin House

Off Church Street

Frodsham

Cheshire

WA6 6QJ

REGISTERED NUMBER:

07201949 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Intangible assets

4

1

3,750

Tangible assets

5

18,008

11,094

18,009

14,844

CURRENT ASSETS

Debtors

6

130,275

138,991

Cash at bank

307,359

314,647

437,634

453,638

CREDITORS

Amounts falling due within one year

7

129,616

210,672

NET CURRENT ASSETS

308,018

242,966

TOTAL ASSETS LESS CURRENT LIABILITIES

326,027

257,810

PROVISIONS FOR LIABILITIES

3,421

2,108

NET ASSETS

322,606

255,702

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

9

322,603

255,699

SHAREHOLDERS' FUNDS

322,606

255,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 May 2022 and were signed on its behalf by:

B H Moynihan - Director

Mrs A L Moynihan - Director

1.	STATUTORY INFORMATION

N C Homecare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Franchise

Franchise, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of six years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2021 - 70 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

£

COST

At 1 April 2021

and 31 March 2022

58,244

AMORTISATION

At 1 April 2021

54,494

Amortisation for year

3,749

At 31 March 2022

58,243

NET BOOK VALUE

At 31 March 2022

1

At 31 March 2021

3,750

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

31,311

Additions

15,713

At 31 March 2022

47,024

DEPRECIATION

At 1 April 2021

20,217

Charge for year

8,799

At 31 March 2022

29,016

NET BOOK VALUE

At 31 March 2022

18,008

At 31 March 2021

11,094

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

122,527

137,698

Other debtors

7,748

1,293

130,275

138,991

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

-

50,000

Taxation and social security

59,885

64,292

Other creditors

69,731

96,380

129,616

210,672

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

3

Ordinary

£1

3

3

9.

RESERVES

Retained

earnings

£

At 1 April 2021

255,699

Profit for the year

155,304

Dividends

(88,400

)

At 31 March 2022

322,603

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £19 (2021 £9,290) owed to Mr B Moynihan & £19 (2021 £9,290) owed to Mrs A Moynihan, who are directors and shareholders of the company.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £88,400 were paid to the directors .

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of N C Homecare Limited for the year ended 31 March 2022 which comprise the Income Statement, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of N C Homecare Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N C Homecare Limited and state those matters that we have agreed to state to the Board of Directors of N C Homecare Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N C Homecare Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N C Homecare Limited 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 N C Homecare Limited. You consider that N C Homecare Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N C Homecare Limited. 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.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

Date: .............................................