Parkhills Home Care Agency Limited Filleted accounts for Companies House (small and micro)

PARKHILLS HOME CARE AGENCY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09380267

Parkhills Home Care Agency Limited

Filleted Unaudited Financial Statements

30 January 2021

Parkhills Home Care Agency Limited

Financial Statements

Year Ended 30 January 2021

Contents	Page

Officers and Professional Advisers	1

Statement of Financial Position	2

Notes to the Financial Statements	3

Parkhills Home Care Agency Limited

Officers and Professional Advisers

The Board of Directors	Z J Spellman
	B Rogers

Registered Office	41 Greek Street
	Stockport
	SK3 8AX

Accountants	Downham Mayer Clarke Limited
	Chartered Accountants
	41 Greek Street
	Stockport
	Cheshire
	SK3 8AX

Parkhills Home Care Agency Limited

Statement of Financial Position

30 January 2021

	2021		2020
Note	£	£	£

Current Assets

Debtors	5	106,997	30,883
Cash at bank and in hand		1,491	3,695
		---------	--------
		108,488	34,578

Creditors: amounts falling due within one year	6	29,624		8,714
		---------		--------
Net Current Assets			78,864	25,864
			--------	--------
Total Assets Less Current Liabilities			78,864	25,864
			--------	--------
Net Assets			78,864	25,864
			--------	--------

Capital and Reserves

Called up share capital	1	1
Profit and loss account	78,863	25,863
	--------	--------
Shareholders Funds	78,864	25,864
	--------	--------

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 statement of income and retained earnings has not been delivered.

For the year ending 30 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 August 2021 , and are signed on behalf of the board by:

Z J Spellman	B Rogers
Director	Director

Company registration number: 09380267

Parkhills Home Care Agency Limited

Notes to the Financial Statements

Year Ended 30 January 2021

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 Greek Street, Stockport, SK3 8AX.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

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 as a finance cost 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 13 (2020: 17 ).

5. Debtors

	2021	2020
	£	£
Trade debtors	10,092	11,833
Other debtors	96,905	19,050
	---------	--------
	106,997	30,883
	---------	--------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Corporation tax	12,918	487
Social security and other taxes	13,022	4,114
Other creditors	3,684	4,113
	--------	-------
	29,624	8,714
	--------	-------

7. Directors' Advances, Credits and Guarantees

During the year the directors entered into the following advances and credits with the company:

	2021
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
B Rogers	–	9,994	9,994
	----	-------	-------

	2020
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
B Rogers	–	–	–
	----	----	----

8. Related Party Transactions

Included in other debtors is a balance of £82,820 (2020 - £19,050) due from Parkhills Nursing Home, an entity which one of the directors have a controlling interest.