Southern Home Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11716690 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2020 TO 30 MAY 2021

FOR

SOUTHERN HOME CARE LIMITED

TRADING AS

HOME INSTEAD SENIOR CARE

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

J C Oswald

Mrs D A Oswald

REGISTERED OFFICE:

Exchange House

St Cross Lane

Newport

Isle of Wight

PO30 5BZ

REGISTERED NUMBER:

11716690 (England and Wales)

ACCOUNTANTS:

Bright Brown Limited

Chartered Accountants

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Intangible assets

4

37,920

42,660

Tangible assets

5

11,861

5,880

49,781

48,540

CURRENT ASSETS

Debtors

6

65,557

34,415

Cash at bank and in hand

168,563

47,456

234,120

81,871

CREDITORS

Amounts falling due within one year

7

94,983

63,378

NET CURRENT ASSETS

139,137

18,493

TOTAL ASSETS LESS CURRENT LIABILITIES

188,918

67,033

CREDITORS

Amounts falling due after more than one year

8

(97,549

)

(78,878

)

PROVISIONS FOR LIABILITIES

(2,253

)

-

NET ASSETS/(LIABILITIES)

89,116

(11,845

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

89,114

(11,847

)

89,116

(11,845

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 May 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 May 2021 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 19 May 2022 and were signed on its behalf by:

J C Oswald - Director

1.	STATUTORY INFORMATION

Southern Home Care 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Land and buildings

-

Straight line over 3 years

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 29 (2020 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2020

and 30 May 2021

47,400

AMORTISATION

At 1 June 2020

4,740

Charge for period

4,740

At 30 May 2021

9,480

NET BOOK VALUE

At 30 May 2021

37,920

At 31 May 2020

42,660

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2020

5,885

2,486

8,371

Additions

-

11,131

11,131

At 30 May 2021

5,885

13,617

19,502

DEPRECIATION

At 1 June 2020

1,962

529

2,491

Charge for period

1,961

3,189

5,150

At 30 May 2021

3,923

3,718

7,641

NET BOOK VALUE

At 30 May 2021

1,962

9,899

11,861

At 31 May 2020

3,923

1,957

5,880

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

7,223

33,281

Other debtors

58,334

1,134

65,557

34,415

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

37,118

20,218

Taxation and social security

38,451

7,774

Other creditors

19,414

35,386

94,983

63,378

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

97,549

78,878

2021

2020

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

834

-

9.	OTHER FINANCIAL COMMITMENTS

Obligations falling under non-cancellable operating leases amounted to £18,408 (2020 - £35,395) at the year end.