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REGISTERED NUMBER: 03445099 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

COMFORT CARE SERVICES (COLCHESTER)
LIMITED

COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COMFORT CARE SERVICES (COLCHESTER)
LIMITED

Company Information
for the year ended 31 March 2023







Directors: Mrs H K Sohal
Mr K P Sohal





Secretary: Mr K P Sohal





Registered office: The Bungalow
47 Colchester Road
White Colne
Colchester
Essex
CO6 2PW





Registered number: 03445099 (England and Wales)





Accountants: Haines Watts Essex LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 990,570 996,050

Current assets
Stocks 250 250
Debtors 5 1,304,467 1,266,985
Cash at bank and in hand 509,728 626,362
1,814,445 1,893,597
Creditors
Amounts falling due within one year 6 184,800 184,108
Net current assets 1,629,645 1,709,489
Total assets less current liabilities 2,620,215 2,705,539

Creditors
Amounts falling due after more than one
year

7

(1,447,292

)

(1,557,032

)

Provisions for liabilities 11 (37,099 ) (37,240 )
Net assets 1,135,824 1,111,267

Capital and reserves
Called up share capital 12 2 2
Retained earnings 1,135,822 1,111,265
Shareholders' funds 1,135,824 1,111,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Statement of Financial Position - continued
31 March 2023


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 12 October 2023 and were signed on its behalf by:





Mr K P Sohal - Director


COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Comfort Care Services (Colchester) Limited 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.

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.

Turnover
Turnover represents the charges made to residents for care and related services. Such charges are exempt for VAT purposes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - nil on land & buildings
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 statement of financial position date.


COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants
Government grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute. To the extent that grants are made as a contribution towards specific expenditure on fixed assets, they are recognised over the useful economic lives of the related assets. Grants made to give immediate financial support or to reimburse costs already incurred are recognised in the profit and loss account in the period in which they become receivable; those made to finance general activities are recognised in the profit and loss in the period in which they are paid.

3. Employees and directors

The average number of employees during the year was 36 (2022 - 39 ) .

4. Tangible fixed assets
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2022 951,149 313,583 6,565 1,271,297
Additions - 7,180 - 7,180
At 31 March 2023 951,149 320,763 6,565 1,278,477
Depreciation
At 1 April 2022 - 272,199 3,048 275,247
Charge for year - 11,781 879 12,660
At 31 March 2023 - 283,980 3,927 287,907
Net book value
At 31 March 2023 951,149 36,783 2,638 990,570
At 31 March 2022 951,149 41,384 3,517 996,050

COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Tangible fixed assets - continued

The directors carried out their annual review of the company's assets. They considered whether there were any adverse market or legal changes which could materially reduce the likely recoverable value of the property, or whether there was any evidence of physical deterioration or damage advised by any appraisers or professional consultants.

Having considered the facts, the directors are of the opinion that the potential residual value of the property will not be less than the values as shown in the company's accounts and as such depreciation should not be charged against the company's freehold property.

5. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 89,647 49,943
Other debtors 8,901 5,444
98,548 55,387

Amounts falling due after more than one year:
Other debtors 1,205,919 1,211,598

Aggregate amounts 1,304,467 1,266,985

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 86,802 102,476
Trade creditors 6,441 33,367
Taxation and social security 54,938 25,470
Other creditors 36,619 22,795
184,800 184,108

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans (see note 8) 1,347,600 1,421,400
Other creditors 99,692 135,632
1,447,292 1,557,032

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,098,829 997,435

COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. Loans

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 86,802 102,476

Amounts falling due between two and five years:
Bank loans - 2-5 years 248,771 423,965

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,098,829 997,435

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 5,587 5,587
Between one and five years 11,640 17,227
17,227 22,814

10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,434,402 1,523,876

The company has provided security to its bankers, Barclays Bank PLC, by way of a negative pledge. This security is provided in respect of any monies due to the bank.

11. Provisions for liabilities
2023 2022
£    £   
Deferred tax 37,099 37,240

Deferred
tax
£   
Balance at 1 April 2022 37,240
Provided during year (141 )
Balance at 31 March 2023 37,099

COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

13. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr K P Sohal and Mrs H K Sohal
Balance outstanding at start of year - -
Amounts advanced - 84
Amounts repaid - (84 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

14. Related party disclosures

Sohal Healthcare Limited

A company under common control.


2023 2022
£    £   
Amount due from related party at the balance sheet date 54,919 23,660

The above loan was interest free and is repayable in 53 weeks.

JK Healthcare Ltd

A company under common control.


2023 2022
£    £   
Amount due from related party at the balance sheet date - 143,522

The above loan was interest free and had no fixed repayment period.

Brook House Health Ltd

A company under common control.


2023 2022
£    £   
Amount due to related party at the balance sheet date 8,892 8,892

The above loan was interest free and is repayable in 53 weeks.

COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


14. Related party disclosures - continued

Hazeldell Ltd

A company under common control.


2023 2022
£    £   
Amount due from related party at the balance sheet date 147,448 3,627

The above loan was interest free and is repayable in 53 weeks.

Oak Health UK Ltd

Mrs Sohal is a 50% shareholder of the company.


2023 2022
£    £   
Amount due from related party at the balance sheet date 112,889 133,889

The above loan was interest free and is repayable in 53 weeks.

Milton Lodge

A company under common control.


2023 2022
£    £   
Amount due to related party at the balance sheet date 90,550 126,490

The above loan was interest free and is repayable in 53 weeks.

Maple Healthcare Ltd

A company under common control.


2023 2022
£    £   
Amount due from related party at the balance sheet date 856,900 906,900

The above loan was interest free and is repayable in 53 weeks.

The Willows Ipswich Limited

A company under common control.


2023 2022
£    £   
Amount due to related party at the balance sheet date 250 250

The above loan was interest free and is repayable in 53 weeks.

COMFORT CARE SERVICES (COLCHESTER)
LIMITED (REGISTERED NUMBER: 03445099)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


14. Related party disclosures - continued

Raskan Enterprises Limited


2023 2022
£    £   
Amount due from related party at the balance sheet date 33,762 -

The above loan was interest free and is repayable in 53 weeks.

15. Ultimate parent company

The ultimate parent company is Maple Healthcare Ltd.