Registration number: SC166124

Oakridge Support Services Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Abridged Profit and Loss Account	4
Statement of Comprehensive Income	5
Abridged Balance Sheet	6 to 7
Statement of Changes in Equity	8
Notes to the Unaudited Abridged Financial Statements	9 to 13

Oakridge Support Services Limited

Company Information

Directors

R Patel D Patel

Registered office

73 Leachkin Road Inverness Scotland IV3 8NN

Accountants

Kishens Limited Chartered Accountants 13 Montpelier Avenue Bexley Kent DA5 3AP

Oakridge Support Services Limited

Directors' Report for the Year Ended 31 March 2023

The directors present their report and the abridged financial statements for the year ended 31 March 2023.

Directors of the company

The directors who held office during the year were as follows:

R Patel

D Patel

Principal activity

The principal activity of the company is that of residential care activities for learning difficulties, mental health and substance abuse.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 July 2023 and signed on its behalf by:
 

......................................... D Patel Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Oakridge Support Services Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oakridge Support Services Limited for the year ended 31 March 2023 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Oakridge Support Services Limited, as a body, in accordance with the terms of our engagement letter dated 27 February 2019. Our work has been undertaken solely to prepare for your approval the accounts of Oakridge Support Services Limited and state those matters that we have agreed to state to the Board of Directors of Oakridge Support Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakridge Support Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Oakridge Support Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Oakridge Support Services Limited. You consider that Oakridge Support Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Oakridge Support Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Kishens Limited
Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP

6 July 2023

Oakridge Support Services Limited

Abridged Profit and Loss Account for the Year Ended 31 March 2023

	Note	2023 £	2022 £
Gross profit		277,580	244,306
Administrative expenses		(67,330)	(59,789)
Interest payable and similar expenses		64	-
Profit before tax	4	210,314	184,517
Tax on profit		(25,652)	(16,656)
Profit for the financial year		184,662	167,861

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Oakridge Support Services Limited

Statement of Comprehensive Income for the Year Ended 31 March 2023

	2023 £	2022 £
Profit for the year	184,662	167,861
Total comprehensive income for the year	184,662	167,861

Oakridge Support Services Limited

(Registration number: SC166124)
Abridged Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed Assets
Tangible Assets	5	557,612	572,341
Current assets
Debtors	6	660,485	522,899
Cash at bank and in hand		254,350	188,810
		914,835	711,709
Prepayments and accrued income		6,852	5,673
Creditors: Amounts falling due within one year		(37,138)	(32,160)
Net current assets		884,549	685,222
Total assets less current liabilities		1,442,161	1,257,563
Provisions for liabilities		(2,282)	(2,346)
Net assets		1,439,879	1,255,217
Capital and reserves
Called up share capital	7	20	20
Revaluation reserve		302,849	302,849
Retained earnings		1,137,010	952,348
Shareholders' funds		1,439,879	1,255,217

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 6 July 2023 and signed on its behalf by:
 

Oakridge Support Services Limited

(Registration number: SC166124)
Abridged Balance Sheet as at 31 March 2023

......................................... D Patel Director

Oakridge Support Services Limited

Statement of Changes in Equity for the Year Ended 31 March 2023

	Share capital £	Revaluation reserve £	Retained earnings £	Total £
At 1 April 2022	20	302,849	952,348	1,255,217
Profit for the year	-	-	184,662	184,662
At 31 March 2023	20	302,849	1,137,010	1,439,879

	Share capital £	Revaluation reserve £	Retained earnings £	Total £
At 1 April 2021	20	302,849	784,487	1,087,356
Profit for the year	-	-	167,861	167,861
At 31 March 2022	20	302,849	952,348	1,255,217

Oakridge Support Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
73 Leachkin Road
Inverness
Scotland
IV3 8NN

These financial statements were authorised for issue by the Board on 6 July 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or on completion of the designated services;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Oakridge Support Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% per annum straight line
Furniture, Fittings and equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Oakridge Support Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2022 - 20).

4	Profit before tax

Arrived at after charging/(crediting)

	2023 £	2022 £
Depreciation expense	18,442	18,585

Oakridge Support Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

5	Tangible Assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2022	715,000	1,754	65,040	781,794
Additions	-	490	3,223	3,713
At 31 March 2023	715,000	2,244	68,263	785,507
Depreciation
At 1 April 2022	155,516	582	53,355	209,453
Charge for the year	14,300	415	3,727	18,442
At 31 March 2023	169,816	997	57,082	227,895
Carrying amount
At 31 March 2023	545,184	1,247	11,181	557,612
At 31 March 2022	559,484	1,172	11,685	572,341

Included within the net book value of land and buildings above is £545,184 (2022 - £559,484) in respect of freehold land and buildings.
 

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

7	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Share capital of £1 each	20	20	20	20

8

Dividends

Final dividends paid

Dividends paid

Interim dividends paid

Oakridge Support Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Dividends paid

Recommended final dividends paid and not recognised in the accounts

The directors are recommending the following final dividends:

These dividends have not been accrued in the balance sheet.

9	Parent and ultimate parent undertaking

The ultimate controlling party is the Ridge Care Group Limited.