Company Registration No. 02014339 (England and Wales)
Plasnewydd Residential Homes Limited
Unaudited accounts
for the year ended 30 September 2023
Plasnewydd Residential Homes Limited
Unaudited accounts
Contents
Plasnewydd Residential Homes Limited
Company Information
for the year ended 30 September 2023
Directors
Dr M Baig
Mrs T Baig
Mrs S Ahmed
Mrs R Subzwari
Dr J Rehman
Mrs R Rehman
Company Number
02014339 (England and Wales)
Registered Office
Cefn Coed
Merthyr Tydfil
CF48 2PR
Accountants
R H Jeffs & Rowe Ltd
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
Plasnewydd Residential Homes Limited
Statement of financial position
as at 30 September 2023
Tangible assets
510,151
525,044
Cash at bank and in hand
412,338
332,861
Creditors: amounts falling due within one year
(100,069)
(65,764)
Net current assets
325,850
290,698
Net assets
836,001
815,742
Called up share capital
100
100
Profit and loss account
835,901
815,642
Shareholders' funds
836,001
815,742
For the year ending 30 September 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2024 and were signed on its behalf by
Dr M Baig
Director
Company Registration No. 02014339
Plasnewydd Residential Homes Limited
Notes to the Accounts
for the year ended 30 September 2023
Plasnewydd Residential Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 02014339. The registered office is Cefn Coed, Merthyr Tydfil, CF48 2PR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Plasnewydd Residential Homes Limited
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2022
444,810
339,514
784,324
At 30 September 2023
444,810
346,953
791,763
At 1 October 2022
4,448
254,832
259,280
Charge for the year
4,448
17,884
22,332
At 30 September 2023
8,896
272,716
281,612
At 30 September 2023
435,914
74,237
510,151
At 30 September 2022
440,362
84,682
525,044
Amounts falling due within one year
Trade debtors
3,299
13,626
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
8,028
7,554
Taxes and social security
81,245
47,414
Loans from directors
10,796
10,796
7
Average number of employees
During the year the average number of employees was 41 (2022: 41).
