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REGISTERED NUMBER: 08943440 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Next Step Domiciliary Care Ltd

Next Step Domiciliary Care Ltd (Registered number: 08943440)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Next Step Domiciliary Care Ltd (Registered number: 08943440)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,011 9,424
8,011 9,424

CURRENT ASSETS
Debtors 6 489,411 502,825
Cash at bank 194,864 113,596
684,275 616,421
CREDITORS
Amounts falling due within one year 7 125,469 123,204
NET CURRENT ASSETS 558,806 493,217
TOTAL ASSETS LESS CURRENT LIABILITIES 566,817 502,641

CREDITORS
Amounts falling due after more than one year 8 (133,088 ) (153,955 )

PROVISIONS FOR LIABILITIES (1,522 ) (1,791 )
NET ASSETS 432,207 346,895

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 432,200 346,888
SHAREHOLDERS' FUNDS 432,207 346,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Next Step Domiciliary Care Ltd (Registered number: 08943440)

Balance Sheet - continued
31 March 2022


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:





Mrs T L Kannenberg - Director


Next Step Domiciliary Care Ltd (Registered number: 08943440)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Next Step Domiciliary Care Ltd 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: 08943440

Registered office: Ebenezer House
Ryecroft
Newcastle
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been fully amortised over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance


Next Step Domiciliary Care Ltd (Registered number: 08943440)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 32 (2021 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 48,492
AMORTISATION
At 1 April 2021
and 31 March 2022 48,492
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

Next Step Domiciliary Care Ltd (Registered number: 08943440)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 16,160 7,257 23,417
DEPRECIATION
At 1 April 2021 12,704 1,289 13,993
Charge for year 518 895 1,413
At 31 March 2022 13,222 2,184 15,406
NET BOOK VALUE
At 31 March 2022 2,938 5,073 8,011
At 31 March 2021 3,456 5,968 9,424

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 489,411 502,825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 20,865 19,200
Taxation and social security 90,833 93,913
Other creditors 13,771 10,091
125,469 123,204

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 133,088 153,955

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 57,955 70,488

Next Step Domiciliary Care Ltd (Registered number: 08943440)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 153,953 173,155

The bank loan is secured by fixed and floating charges against all property and assets of the company.