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REGISTERED NUMBER: 06404634 (England and Wales)














THE FOUNTAIN CARE MANAGEMENT LTD

Unaudited Financial Statements

for the Year Ended 31 December 2021






THE FOUNTAIN CARE MANAGEMENT LTD (REGISTERED NUMBER: 06404634)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


THE FOUNTAIN CARE MANAGEMENT LTD

Company Information
for the Year Ended 31 December 2021







Directors: Mrs P Suresh
Mr A Mathi





Secretary: Mrs S Mathi





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 06404634 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

THE FOUNTAIN CARE MANAGEMENT LTD (REGISTERED NUMBER: 06404634)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 981,558 964,359

CURRENT ASSETS
Debtors 5 131,602 138,606
Cash at bank and in hand 231,522 57,362
363,124 195,968
CREDITORS
Amounts falling due within one year 6 278,915 269,116
NET CURRENT ASSETS/(LIABILITIES) 84,209 (73,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,767

891,211

CREDITORS
Amounts falling due after more than
one year

7

(467,432

)

(499,505

)

PROVISIONS FOR LIABILITIES (47,360 ) (42,133 )
NET ASSETS 550,975 349,573

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 550,675 349,273
SHAREHOLDERS' FUNDS 550,975 349,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 FOUNTAIN CARE MANAGEMENT LTD (REGISTERED NUMBER: 06404634)

Balance Sheet - continued
31 December 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2022 and were signed on its behalf by:





Mrs P Suresh - Director


THE FOUNTAIN CARE MANAGEMENT LTD (REGISTERED NUMBER: 06404634)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

The Fountain Care Management Ltd 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.
Land and buildings - 1% on cost
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

THE FOUNTAIN CARE MANAGEMENT LTD (REGISTERED NUMBER: 06404634)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2020 - 44 ) .

THE FOUNTAIN CARE MANAGEMENT LTD (REGISTERED NUMBER: 06404634)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 January 2021 791,962 438,400 1,230,362
Additions - 63,193 63,193
Disposals - (6,425 ) (6,425 )
At 31 December 2021 791,962 495,168 1,287,130
Depreciation
At 1 January 2021 43,435 222,568 266,003
Charge for year 5,469 39,381 44,850
Eliminated on disposal - (5,281 ) (5,281 )
At 31 December 2021 48,904 256,668 305,572
Net book value
At 31 December 2021 743,058 238,500 981,558
At 31 December 2020 748,527 215,832 964,359

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 117,566 127,168
Other debtors 14,036 11,438
131,602 138,606

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 46,335 36,828
Trade creditors 40,346 40,363
Taxation and social security 81,773 67,083
Other creditors 110,461 124,842
278,915 269,116

THE FOUNTAIN CARE MANAGEMENT LTD (REGISTERED NUMBER: 06404634)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 467,432 499,505

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 279,627 302,193