Edinburgh Homecare Ltd T/A - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC510786 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2022

for

Edinburgh Homecare T/A

Meloosha Homecare Edinburgh Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

17,664

Tangible assets

5

8,509

12,191

8,509

29,855

CURRENT ASSETS

Debtors

6

244,783

140,388

Cash at bank

1,344

28,614

246,127

169,002

CREDITORS

Amounts falling due within one year

7

(237,106

)

(146,306

)

NET CURRENT ASSETS

9,021

22,696

TOTAL ASSETS LESS CURRENT LIABILITIES

17,530

52,551

CREDITORS

Amounts falling due after more than one year

8

(28,333

)

(38,333

)

NET (LIABILITIES)/ASSETS

(10,803

)

14,218

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(10,805

)

14,216

(10,803

)

14,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 14 November 2022 and were signed by:

Mrs S M Ford - Director

1.	STATUTORY INFORMATION

Edinburgh Homecare Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC510786. The registered office is Ground Floor West Suite, West Point House, 69 North Gyle Terrace, Edinburgh, Scotland, EH12 8JY.

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 represents net invoiced sales of services in respect of social work care for the elderly, excluding value added tax. Sales are recognised at the point at which the service is complete.

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.

Intellectual Property is being amortised evenly over it's estimated useful life of 10 years.

Tangible fixed assets and depreciation

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

Plant and machinery etc

-

33% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2021 - 61 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2021

17,664

Additions

15,376

Disposals

(33,040

)

At 31 July 2022

-

NET BOOK VALUE

At 31 July 2022

-

At 31 July 2021

17,664

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2021

and 31 July 2022

16,244

DEPRECIATION

At 1 August 2021

4,053

Charge for year

3,682

At 31 July 2022

7,735

NET BOOK VALUE

At 31 July 2022

8,509

At 31 July 2021

12,191

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade debtors

27,489

1,612

Amounts owed by related parties

33,410

-

Other debtors

183,884

138,776

244,783

140,388

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans and overdrafts

10,000

10,000

Taxation and social security

156,729

69,594

Other creditors

70,377

66,712

237,106

146,306

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans

28,333

38,333

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2022 and the period ended 31 July 2021:

31.7.22

31.7.21

£

£

Mrs S M Ford

Balance outstanding at start of year

71,524

35,481

Amounts advanced

29,146

36,043

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

100,670

71,524