Flourish Fostering Limited
Flourish Fostering Limited
Registered number: 12093401
Unaudited Financial Statements
For The Year Ended
31 December 2022
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Flourish Fostering Limited
Unaudited Financial Statements
For The Year Ended
31 December 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Statement of Changes in Equity | 4 |
| Notes to the Financial Statements | 5—7 |
Flourish Fostering Limited
Accountant's Report
For The Year Ended
31 December 2022
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of
Flourish Fostering Limited
For The Year Ended 31 December 2022
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of
Flourish Fostering Limited
which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member 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 to the directors of
Flourish Fostering Limited
, as a body, in accordance with the terms of our engagement letter dated 06 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of
Flourish Fostering Limited
and state those matters that we have agreed to state to the directors of
Flourish Fostering Limited
, as a body, in this report in accordance with 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
Flourish Fostering Limited
and its directors as a body for our work or for this report.
It is your duty to ensure that
Flourish Fostering 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 or loss of
Flourish Fostering Limited
. You consider that
Flourish Fostering Limited
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 accounts of
Flourish Fostering 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 financial statements.
| Signed |
|
|
|
|
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Flourish Fostering Limited
Balance Sheet
As At
31 December 2022
Balance Sheet
Registered number:
12093401
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 5 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 7 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 1,537,071 | 821,121 | |||
Flourish Fostering Limited
Balance Sheet (continued)
As At
31 December 2022
On behalf of the board
|
Director
|
|
|
The notes on pages 5 to 7 form part of these financial statements.
Flourish Fostering Limited
Statement of Changes in Equity
For The Year Ended
31 December 2022
Statement of Changes in Equity
| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 January 2021 |
|
( |
(77,582) |
| Profit for the year and total comprehensive income | - |
|
398,147 |
| Arising on shares issued during the period |
|
- | 500,556 |
| As at 31 December 2021 and 1 January 2022 |
|
|
821,121 |
| Profit for the year and total comprehensive income | - |
|
764,700 |
| Dividends paid | - | (48,750) | (48,750) |
| As at
|
|
|
1,537,071 |
Flourish Fostering Limited
Notes to the Financial Statements
For The Year Ended
31 December 2022
Notes to the Financial Statements
1.
General Information
Flourish Fostering Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12093401
. The registered office is The Cedars , Holborough Road, Snodland, ME6 5PL.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and is wholly related to the placement of children and young people with fostering families.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold improvements |
|
| Plant & Machinery |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.4.
Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of lease.
2.5.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to that 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 rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.6.
Pensions
The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.7.
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 expense in tax assessments in periods different frrom those in which they are recongnised 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 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.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 17 (2021: 15)
Flourish Fostering Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
4.
Tangible Assets
| Land & Property | |||||
|---|---|---|---|---|---|
| Leasehold improvements | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at
|
|
|
|
|
|
| Additions |
|
|
|
|
|
| As at
|
|
|
|
|
|
| Depreciation | |||||
| As at
|
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| As at
|
|
|
|
|
|
| Net Book Value | |||||
| As at
|
|
|
|
|
|
| As at
|
|
|
|
|
|
5.
Debtors
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Amounts owed by participating interests | 6,493 | - | |
| Other debtors | 215,618 | 56,089 | |
|
|
|
||
6.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors | 248,898 | 260,196 | |
| Taxation and social security |
|
|
|
|
|
|
||
7.
Deferred Taxation
The provision for deferred tax is made up as follows:
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 19,199 | 15,741 | |
Flourish Fostering Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
8.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at
|
|
15,741 |
| Deferred taxation |
|
|
| Balance at
|
|
19,199 |
10.
Post Balance Sheet Events
Ms Siobhan Katherine Harper was appointed as a director on 15 May 2023.
11.
Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactiosn with wholly owned subsidaries within the group.