Am2pm Quality Care Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10856445 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2023

for

Am2pm Quality Care Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

31,777

11,767

Current assets

Debtors

5

1,082,645

667,279

Cash at bank

985,052

596,699

2,067,697

1,263,978

Creditors

Amounts falling due within one year

6

(963,955

)

(362,820

)

Net current assets

1,103,742

901,158

Total assets less current liabilities

1,135,519

912,925

Creditors

Amounts falling due after more than one year

7

(199,404

)

(205,404

)

Net assets

936,115

707,521

Capital and reserves

Called up share capital

100

100

Retained earnings

9

936,015

707,421

Shareholders' funds

936,115

707,521

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 28 April 2024 and were signed on its behalf by:

Anand Duddella - Director

Mrs Soumya Chilappagari - Director

1.	Statutory information

Am2pm Quality Care Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10856445

Registered office:

136 Fir Tree Road

Banstead

SM7 1NH

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.

3.	Employees and directors

The average number of employees during the year was 50 (2022 - 65 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 August 2022

10,325

13,000

23,325

Additions

-

30,602

30,602

At 31 July 2023

10,325

43,602

53,927

Depreciation

At 1 August 2022

5,870

5,688

11,558

Charge for year

1,114

9,478

10,592

At 31 July 2023

6,984

15,166

22,150

Net book value

At 31 July 2023

3,341

28,436

31,777

At 31 July 2022

4,455

7,312

11,767

5.

Debtors: amounts falling due within one year

31.7.23

31.7.22

£

£

Trade debtors

225,594

1,628

Other debtors

824,714

644,714

Staff loans

15,400

4,000

Prepayments

16,937

16,937

1,082,645

667,279

6.

Creditors: amounts falling due within one year

31.7.23

31.7.22

£

£

Trade creditors

163,999

-

Corporation tax

161,029

80,815

Social security and other taxes

20,160

13,400

Other creditors

550,000

200,000

Other creditors

68,767

68,605

963,955

362,820

7.

Creditors: amounts falling due after more than one year

31.7.23

31.7.22

£

£

Bank loans (see note 8)

199,404

205,404

8.

Loans

An analysis of the maturity of loans is given below:

31.7.23

31.7.22

£

£

Amounts falling due between one and two years:

Bank loans > 1 year

199,404

205,404

9.

Reserves

Retained

earnings

£

At 1 August 2022

707,421

Profit for the year

294,594

Dividends

(66,000

)

At 31 July 2023

936,015