Frome Care Village Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09807268 (England and Wales)

Financial Statements

for the Period 1 February 2022 to 31 July 2023

for

Frome Care Village Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss E Carder

Evolve Care Group (A) Limited

R D Burton

SPD001 LIMITED

R Press

REGISTERED OFFICE:

Beech House

Brotherswood Court

Almondsbury

Bristol

Gloucestershire

BS32 4QW

REGISTERED NUMBER:

09807268 (England and Wales)

AUDITORS:

Dunkley's

Statutory Auditor

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

150,884

89,276

CURRENT ASSETS

Debtors

5

714,044

563,290

Cash at bank and in hand

222,637

33,163

936,681

596,453

CREDITORS

Amounts falling due within one year

6

1,657,801

1,371,749

NET CURRENT LIABILITIES

(721,120

)

(775,296

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(570,236

)

(686,020

)

PROVISIONS FOR LIABILITIES

33,049

13,443

NET LIABILITIES

(603,285

)

(699,463

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(603,385

)

(699,563

)

SHAREHOLDERS' FUNDS

(603,285

)

(699,463

)

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 30 April 2024 and were signed on its behalf by:

R D Burton - Director

1.	STATUTORY INFORMATION

Frome Care Village 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, in relation to the provision of care services, agency fees and ad-hoc commissions.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Taxation

Taxation for the period 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 period 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.

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 period was 74 (2022 - 83 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 February 2022

62,728

122,559

185,287

Additions

98,549

21,860

120,409

At 31 July 2023

161,277

144,419

305,696

DEPRECIATION

At 1 February 2022

39,020

56,991

96,011

Charge for period

22,776

36,025

58,801

At 31 July 2023

61,796

93,016

154,812

NET BOOK VALUE

At 31 July 2023

99,481

51,403

150,884

At 31 January 2022

23,708

65,568

89,276

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.1.22

£

£

Trade debtors

213,779

213,224

Amounts owed by group undertakings

222,622

340,561

Other debtors

267,490

2,805

Prepayments and accrued income

10,153

6,700

714,044

563,290

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.1.22

£

£

Trade creditors

65,078

105,900

Tax

52,065

45,712

Social security and other taxes

71,747

36,125

Other creditors

774,335

447,457

Accrued expenses

694,576

736,555

1,657,801

1,371,749

7.	SECURED DEBTS

There is a first legal charge which covers all the freehold and leasehold property now vested in or charged to the company and all estates or interests in any freehold and leasehold property now and in the future vested in or charged to the company dated 03 July 2020.

There is a first legal charge which covers all the property or undertaking of the company dated 03 July 2020.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.23

31.1.22

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Dobbins FCA (Senior Statutory Auditor)

for and on behalf of Dunkley's

10.	PENSION COMMITMENTS

During the year, the company operated a defined contribution pension scheme through an external provider.

Employer contributions to the scheme for the year totalled £51,139 (2022 - £31,825).

Accrued pension contributions outstanding at the balance sheet date totalled £8,912 (2022 - £10,220).

11.	RELATED PARTY DISCLOSURES

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 transactions with wholly owned subsidiaries within the group.

12.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13.	ULTIMATE CONTROLLING PARTY

The parent of the smallest and largest group for which consolidated financial statements are drawn up is SPD001 Ltd (Registered office - Beech House, Brotherswood Court, Almondsbury, Bristol, England, BS32 4QW).

SPD001 Ltd is the ultimate parent company.