Aims Homecare Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07673177 (England and Wales)

Financial Statements for the Year Ended 30th November 2020

for

Aims Homecare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Hashmi

REGISTERED OFFICE:

59 Kingston Road

Leatherhead

Surrey

KT22 7SL

REGISTERED NUMBER:

07673177 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

4

13,512

17,649

CURRENT ASSETS

Debtors

5

2,447,582

1,980,537

Cash at bank and in hand

370,517

356,456

2,818,099

2,336,993

CREDITORS

Amounts falling due within one year

6

232,117

124,282

NET CURRENT ASSETS

2,585,982

2,212,711

TOTAL ASSETS LESS CURRENT LIABILITIES

2,599,494

2,230,360

PROVISIONS FOR LIABILITIES

2,263

2,982

NET ASSETS

2,597,231

2,227,378

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,597,229

2,227,376

SHAREHOLDERS' FUNDS

2,597,231

2,227,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31st August 2021 and were signed by:

A Hashmi - Director

1.	STATUTORY INFORMATION

Aims 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.

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 reducing balance and 10% on cost

Government grants

Government grants in relation to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

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 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2019 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2019

32,079

Additions

800

At 30th November 2020

32,879

DEPRECIATION

At 1st December 2019

14,430

Charge for year

4,937

At 30th November 2020

19,367

NET BOOK VALUE

At 30th November 2020

13,512

At 30th November 2019

17,649

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

191,398

135,764

Other debtors and prepayments

2,256,184

1,844,773

2,447,582

1,980,537

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

-

5,340

Corporation tax

148,997

60,648

Social security and other taxes

9,213

19,988

Other creditors and accruals

73,907

38,306

232,117

124,282

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2020

2019

£

£

Within one year

18,681

14,714

Between one and five years

6,510

39,403

25,191

54,117