Company Registration No. 03029318 (England and Wales)
Sands Care Morecambe Limited
Unaudited accounts
for the year ended 31 December 2022
Sands Care Morecambe Limited
Unaudited accounts
Contents
Sands Care Morecambe Limited
Company Information
for the year ended 31 December 2022
Company Number
03029318 (England and Wales)
Registered Office
390 Marine Road East
Sands Care Morecambe Limited
Statement of financial position
as at 31 December 2022
Tangible assets
182,391
193,751
Investments
685,000
635,000
Cash at bank and in hand
260,214
337,796
Creditors: amounts falling due within one year
(821,957)
(409,635)
Net current assets
458,070
99,847
Total assets less current liabilities
1,325,461
928,598
Creditors: amounts falling due after more than one year
(143,047)
-
Net assets
1,182,414
928,598
Called up share capital
2
2
Profit and loss account
1,182,412
928,596
Shareholders' funds
1,182,414
928,598
For the year ending 31 December 2022 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 director acknowledges his 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 and authorised for issue on 30 September 2023 and were signed on its behalf by
Mr Robert Wilson
Director
Company Registration No. 03029318
Sands Care Morecambe Limited
Notes to the Accounts
for the year ended 31 December 2022
Sands Care Morecambe Limited is a private company, limited by shares, registered in England and Wales, registration number 03029318. The registered office is 390 Marine Road East.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
55,782
1,995
828,421
22,154
908,352
Additions
15,472
-
9,264
-
24,736
At 31 December 2022
71,254
1,995
837,685
22,154
933,088
At 1 January 2022
18,501
1,586
685,652
8,862
714,601
Charge for the year
7,913
61
22,805
5,317
36,096
At 31 December 2022
26,414
1,647
708,457
14,179
750,697
At 31 December 2022
44,840
348
129,228
7,975
182,391
At 31 December 2021
37,281
409
142,769
13,292
193,751
Sands Care Morecambe Limited
Notes to the Accounts
for the year ended 31 December 2022
5
Investments
Other investments
Valuation at 1 January 2022
635,000
Valuation at 31 December 2022
685,000
Amounts falling due within one year
Trade debtors
122,850
(56,360)
Amounts due from group undertakings etc.
-
39,756
Other debtors
3,986
184,790
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
156,224
289
Amounts owed to group undertakings and other participating interests
-
(101,087)
Taxes and social security
118,120
68,909
Other creditors
547,613
420,764
Loans from directors
-
20,760
8
Creditors: amounts falling due after more than one year
2022
2021
Amounts owed to group undertakings and other participating interests
90,997
-
The company is a party to a cross guarantee with Sands Care Holdings Limited relating to bank balances. The total liability under guarantee at the year end was £1,673,759 (2019 £2,391,786)
10
Average number of employees
During the year the average number of employees was 141 (2021: 141).