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REGISTERED NUMBER: 04535520 (England and Wales)










Financial Statements

for the Year Ended

31 December 2021

for

WILLOWDENE REHABILITATION LIMITED

WILLOWDENE REHABILITATION LIMITED (Registered number: 04535520)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILLOWDENE REHABILITATION LIMITED

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Dr M C W Home
Mrs J Home
J A C Home





REGISTERED OFFICE: Willowdene Farm
Chorley
Bridgnorth
WV16 6PP





REGISTERED NUMBER: 04535520 (England and Wales)





ACCOUNTANTS: Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

WILLOWDENE REHABILITATION LIMITED (Registered number: 04535520)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,718
Tangible assets 5 51,187 17,123
51,187 23,841

CURRENT ASSETS
Stocks 5,210 5,210
Debtors 6 223,831 146,792
Cash in hand 369,568 65,804
598,609 217,806
CREDITORS
Amounts falling due within one year 7 242,359 18,387
NET CURRENT ASSETS 356,250 199,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,437

223,260

CREDITORS
Amounts falling due after more than one
year

8

5,866

-
NET ASSETS 401,571 223,260

RESERVES
Income and expenditure account 401,571 223,260
401,571 223,260

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 surplus or deficit 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 19 August 2022 and were signed on its behalf by:



Dr M C W Home - Director


WILLOWDENE REHABILITATION LIMITED (Registered number: 04535520)

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

1. STATUTORY INFORMATION

WILLOWDENE REHABILITATION LIMITED is a private company, limited by guarantee , 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
The financial statements of the company which is a public benefit entity under FRS 102 have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 ) ( effective 1 January 2015 ) Financial reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As the company is a not for profit organisation and is limited by guarantee without a share capital, the Directors consider that the Income and Expenditure Account incorporated in the Statement of Financial Activities (SOFA) is the most appropriate format for reporting its operations. This represents a departure from the standard format of Schedule 1 of the Small Companies and Groups (Accounts and Directors Report) Regulations 2008 and it has been made to enable the financial statements to show a true and fair view.

Company status
The company is a company limited by guarantee. The members of the company are the directors named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Goodwill is the difference between amounts paid on the acquisition of the business and the fair value of the identifiable assets and liabilities. It is amortised to the SOFA over its estimated economic life.

Amortisation is provided at the following rate :-

Goodwill - 5% and 20% straight line

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
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


WILLOWDENE REHABILITATION LIMITED (Registered number: 04535520)

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

2. ACCOUNTING POLICIES - continued
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 40 (2020 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 215,544
AMORTISATION
At 1 January 2021 208,826
Amortisation for year 6,718
At 31 December 2021 215,544
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 6,718

WILLOWDENE REHABILITATION LIMITED (Registered number: 04535520)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 171,471 22,254 37,308 61,457 292,490
Additions - - 39,680 8,122 47,802
At 31 December 2021 171,471 22,254 76,988 69,579 340,292
DEPRECIATION
At 1 January 2021 161,786 21,429 37,308 54,844 275,367
Charge for year 4,308 275 4,920 4,235 13,738
At 31 December 2021 166,094 21,704 42,228 59,079 289,105
NET BOOK VALUE
At 31 December 2021 5,377 550 34,760 10,500 51,187
At 31 December 2020 9,685 825 - 6,613 17,123

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 151,248 77,835
Other debtors 72,583 68,957
223,831 146,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 2,793
Hire purchase contracts 10,000 -
Trade creditors 177,200 578
Taxation and social security 47,710 6,183
Other creditors 7,449 8,833
242,359 18,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 5,866 -

9. POST BALANCE SHEET EVENTS

On 1 January 2022 the assets and liabilities of Rite Social Enterprises were hived up to willowdene Rehabilitation Ltd. Rite Social Enterprises Ltd ceased to trade on 31st December 2021 and the provision of service will now be undertaken by Willowdene Rehabilitation Ltd.