Enable Care Services (UK) Ltd 30/06/2022 iXBRL

Enable Care Services (UK) Ltd 30/06/2022 iXBRL

ENABLE CARE SERVICES (UK) LIMITED - Company Information

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Company registration number: NI625191
Enable Care Services (UK) Ltd
Trading as Enable Care Services (UK) Ltd
Unaudited filleted financial statements
30 June 2022
Enable Care Services (UK) Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Enable Care Services (UK) Ltd
Directors and other information
Directors Ann Maguire
Dale O'Keefe
Christine McGirr
Sean McGirr
Company number NI625191
Registered office 2 Moygashel Mills Park
Moygashel
Dungannon
BT71 7DH
Accountants Business Account Services
11 Abbey Street
Armagh
BT61 7DX
Bankers Bank of Ireland
11 Upper English Street
Armagh
BT61 7AA
Enable Care Services (UK) Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Enable Care Services (UK) Ltd
Year ended 30 June 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Enable Care Services (UK) Ltd for the year ended 30 June 2022 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Enable Care Services (UK) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Enable Care Services (UK) Ltd and state those matters that we have agreed to state to the board of directors of Enable Care Services (UK) Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enable Care Services (UK) Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Enable Care Services (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Enable Care Services (UK) Ltd. You consider that Enable Care Services (UK) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Enable Care Services (UK) Ltd. 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 financial statements.
Business Account Services
11 Abbey Street
Armagh
BT61 7DX
26 June 2023
Enable Care Services (UK) Ltd
Statement of financial position
30 June 2022
2022 2021
Note £ £ £ £
Fixed assets
Intangible assets 5 130,000 130,000
Tangible assets 6 85,161 18,576
_______ _______
215,161 148,576
Current assets
Debtors 7 681,367 619,349
Cash at bank and in hand 304,831 149,929
_______ _______
986,198 769,278
Creditors: amounts falling due
within one year 8 ( 641,332) ( 479,545)
_______ _______
Net current assets 344,866 289,733
_______ _______
Total assets less current liabilities 560,027 438,309
_______ _______
Net assets 560,027 438,309
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 559,027 437,309
_______ _______
Shareholders funds 560,027 438,309
_______ _______
For the year ending 30 June 2022 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 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 June 2023 , and are signed on behalf of the board by:
Sean McGirr Christine McGirr
Director Director
Company registration number: NI625191
Enable Care Services (UK) Ltd
Statement of changes in equity
Year ended 30 June 2022
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2020 1,000 393,075 394,075
Profit for the year 44,234 44,234
_______ _______ _______
Total comprehensive income for the year - 44,234 44,234
_______ _______ _______
At 30 June 2021 and 1 July 2021 1,000 437,309 438,309
Profit for the year 121,718 121,718
_______ _______ _______
Total comprehensive income for the year - 121,718 121,718
_______ _______ _______
At 30 June 2022 1,000 559,027 560,027
_______ _______ _______
Enable Care Services (UK) Ltd
Notes to the financial statements
Year ended 30 June 2022
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Linen Mill House, 2 Moygashel Mills Park, Moygashel, Dungannon, BT71 7DH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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 in finance costs 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 404 (2021: 367 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 July 2021 and 30 June 2022 130,000 130,000
_______ _______
Amortisation
At 1 July 2021 and 30 June 2022 - -
_______ _______
Carrying amount
At 30 June 2022 130,000 130,000
_______ _______
At 30 June 2021 130,000 130,000
_______ _______
6. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 July 2021 - 24,300 24,300
Additions 47,380 40,495 87,875
_______ _______ _______
At 30 June 2022 47,380 64,795 112,175
_______ _______ _______
Depreciation
At 1 July 2021 - 5,724 5,724
Charge for the year 9,476 11,814 21,290
_______ _______ _______
At 30 June 2022 9,476 17,538 27,014
_______ _______ _______
Carrying amount
At 30 June 2022 37,904 47,257 85,161
_______ _______ _______
At 30 June 2021 - 18,576 18,576
_______ _______ _______
7. Debtors
2022 2021
£ £
Trade debtors 557,790 465,047
Other debtors 123,577 154,302
_______ _______
681,367 619,349
_______ _______
8. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 252,570 188,108
Corporation tax 33,879 36,914
Social security and other taxes 263,748 227,517
Other creditors 91,135 27,006
_______ _______
641,332 479,545
_______ _______
9. Directors advances, credits and guarantees