Penna Homecare Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08628233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

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

2,392

3,189

CURRENT ASSETS

Debtors

5

68,297

65,742

Cash at bank and in hand

109,141

131,017

177,438

196,759

CREDITORS

Amounts falling due within one year

6

(23,473

)

(31,844

)

NET CURRENT ASSETS

153,965

164,915

TOTAL ASSETS LESS CURRENT LIABILITIES

156,357

168,104

PROVISIONS FOR LIABILITIES

(455

)

(606

)

NET ASSETS

155,902

167,498

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7

155,900

167,496

SHAREHOLDERS' FUNDS

155,902

167,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 13 October 2023 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 26 (2022 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2022

and 31 July 2023

10,494

DEPRECIATION

At 1 August 2022

7,305

Charge for year

797

At 31 July 2023

8,102

NET BOOK VALUE

At 31 July 2023

2,392

At 31 July 2022

3,189

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

21,831

13,223

Other debtors

46,466

52,519

68,297

65,742

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

3,255

1,255

Taxation and social security

9,982

19,094

Other creditors

10,236

11,495

23,473

31,844

7.

RESERVES

Retained

earnings

£

At 1 August 2022

167,496

Profit for the year

10,277

Dividends

(21,873

)

At 31 July 2023

155,900