Parish Care Limited - Period Ending 2021-06-30
Parish Care Limited - Period Ending 2021-06-30
Registration number:
Parish Care Limited
for the Year Ended 30 June 2021
Parish Care Limited
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Parish Care Limited
Company Information
Directors |
Mr Arif Pradhan |
Company secretary |
Mrs Naseem Pradhan |
Registered office |
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Registered Number |
04364926 |
Accountants |
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Parish Care Limited
Director's Report for the Year Ended 30 June 2021
The director presents his report and the financial statements for the year ended 30 June 2021.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is Nurses Agency
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Parish Care Limited
for the Year Ended 30 June 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Parish Care Limited for the year ended 30 June 2021 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at http://www.ifa.org.uk/about-us/acting-in-public-interest/memberregulations.
This report is made solely to the Board of Directors of Parish Care Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Parish Care Limited and state those matters that we have agreed to state to the Board of Directors of Parish Care Limited, as a body, in this report in accordance with the requirements of the Institute of Financial Accountants as detailed at http://www.ifa.org.uk/about-us/acting-in-public-interest/memberrulations To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parish Care Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Parish Care Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Parish Care Limited. You consider that Parish Care Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out any assurance service of the financial statement of Parish Care 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 accounts.
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Financial Accountants
Princeton Mews
167-169 London Road
Kingston Upon Thames
Surrey
KT2 6PT
Parish Care Limited
Profit and Loss Account for the Year Ended 30 June 2021
Note |
2021 |
2020 |
|
Turnover |
|
|
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Cost of sales |
( |
( |
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Gross profit |
|
|
|
Administrative expenses |
( |
( |
|
Operating profit |
8,209 |
6,579 |
|
Interest payable and similar expenses |
( |
- |
|
Profit before tax |
|
|
|
Tax on profit |
( |
( |
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Parish Care Limited
Statement of Comprehensive Income for the Year Ended 30 June 2021
2021 |
2020 |
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Profit for the year |
|
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Total comprehensive income for the year |
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Parish Care Limited
(Registration number: 04364926)
Balance Sheet as at 30 June 2021
Note |
2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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|
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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|
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Creditors: Amounts falling due after more than one year |
( |
- |
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Net assets |
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|
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Capital and reserves |
|||
Called up share capital |
1,000 |
1,000 |
|
Retained earnings |
267,649 |
261,046 |
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Shareholders' funds |
268,649 |
262,046 |
For the financial year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Parish Care Limited
Statement of Changes in Equity for the Year Ended 30 June 2021
Share capital |
Retained earnings |
Total |
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At 1 July 2020 |
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|
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Profit for the year |
- |
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At 30 June 2021 |
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|
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Share capital |
Retained earnings |
Total |
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At 1 July 2019 |
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|
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Profit for the year |
- |
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At 30 June 2020 |
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Parish Care Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2021
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Parish Care Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2021
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor cars |
25% reducing balance |
Office equipment |
25% reducing balance |
Furniture and fittings |
25% reducing balance |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Parish Care Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2021
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Profit before tax |
Arrived at after charging/(crediting)
2021 |
2020 |
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Depreciation expense |
|
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Parish Care Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2021
Tangible assets |
Fixtures and fittings |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 July 2020 |
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Additions |
- |
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- |
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At 30 June 2021 |
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Depreciation |
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At 1 July 2020 |
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Charge for the year |
- |
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At 30 June 2021 |
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Carrying amount |
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At 30 June 2021 |
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At 30 June 2020 |
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Debtors |
Current |
2021 |
2020 |
Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Parish Care Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2021
Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
|||
No. |
£ |
No. |
£ |
|
|
|
1,000 |
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1,000 |
Loans and borrowings |
2021 |
2020 |
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Non-current loans and borrowings |
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Bank borrowings |
|
- |
Parent and ultimate parent undertaking |
The ultimate controlling party is