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

REGISTERED NUMBER: 08628233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

FOR

PENNA HOMECARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms T J Smith

Ms S J Walsh

SECRETARY:

Ms T J Smith

REGISTERED OFFICE:

Willow House

Slad Road

Stroud

Gloucestershire

GL5 1QJ

REGISTERED NUMBER:

08628233 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

Chartered Accountants

Malvern View Business Park

Stella Way

Bishops Cleeve

Cheltenham

Gloucestershire

GL52 7DQ

FIXED ASSETS

Tangible assets

4

3,841

2,087

CURRENT ASSETS

Debtors

5

51,706

52,418

Cash at bank and in hand

141,161

80,554

192,867

132,972

CREDITORS

Amounts falling due within one year

6

(30,865

)

(29,441

)

NET CURRENT ASSETS

162,002

103,531

TOTAL ASSETS LESS CURRENT LIABILITIES

165,843

105,618

PROVISIONS FOR LIABILITIES

(730

)

-

NET ASSETS

165,113

105,618

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7

165,111

105,616

165,113

105,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 1 April 2022 and were signed on its behalf by:

Ms S J Walsh - Director

Ms T J Smith - Director

1.	STATUTORY INFORMATION

Penna 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.

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.

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 35 (2020 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2020

6,959

Additions

3,124

At 31 July 2021

10,083

DEPRECIATION

At 1 August 2020

4,872

Charge for year

1,370

At 31 July 2021

6,242

NET BOOK VALUE

At 31 July 2021

3,841

At 31 July 2020

2,087

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

41,151

45,212

Other debtors

10,555

7,206

51,706

52,418

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

630

1,499

Taxation and social security

21,357

18,366

Other creditors

8,878

9,576

30,865

29,441

7.

RESERVES

Retained

earnings

£

At 1 August 2020

105,616

Profit for the year

75,495

Dividends

(16,000

)

At 31 July 2021

165,111