Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-06-01falseNo description of principal activity710falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08469788 2022-06-01 2023-03-31 08469788 2021-06-01 2022-05-31 08469788 2023-03-31 08469788 2022-05-31 08469788 c:CompanySecretary1 2022-06-01 2023-03-31 08469788 c:Director1 2022-06-01 2023-03-31 08469788 c:Director2 2022-06-01 2023-03-31 08469788 c:RegisteredOffice 2022-06-01 2023-03-31 08469788 d:MotorVehicles 2022-06-01 2023-03-31 08469788 d:MotorVehicles 2023-03-31 08469788 d:MotorVehicles 2022-05-31 08469788 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-03-31 08469788 d:FurnitureFittings 2022-06-01 2023-03-31 08469788 d:FurnitureFittings 2023-03-31 08469788 d:FurnitureFittings 2022-05-31 08469788 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-03-31 08469788 d:OwnedOrFreeholdAssets 2022-06-01 2023-03-31 08469788 d:Goodwill 2022-06-01 2023-03-31 08469788 d:Goodwill 2023-03-31 08469788 d:Goodwill 2022-05-31 08469788 d:CurrentFinancialInstruments 2023-03-31 08469788 d:CurrentFinancialInstruments 2022-05-31 08469788 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08469788 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08469788 d:ShareCapital 2023-03-31 08469788 d:ShareCapital 2022-05-31 08469788 d:RetainedEarningsAccumulatedLosses 2023-03-31 08469788 d:RetainedEarningsAccumulatedLosses 2022-05-31 08469788 c:FRS102 2022-06-01 2023-03-31 08469788 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-03-31 08469788 c:FullAccounts 2022-06-01 2023-03-31 08469788 c:PrivateLimitedCompanyLtd 2022-06-01 2023-03-31 08469788 d:WithinOneYear 2023-03-31 08469788 d:WithinOneYear 2022-05-31 08469788 d:Goodwill d:OwnedIntangibleAssets 2022-06-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 08469788







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2023


THREEWAYS CARE LIMITED






































                        

 


THREEWAYS CARE LIMITED
 


 
COMPANY INFORMATION


Directors
B. M. Purmah 
T. Purmah 




Company secretary
B. M. Purmah



Registered number
08469788



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


THREEWAYS CARE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


THREEWAYS CARE LIMITED
REGISTERED NUMBER:08469788



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

31 March
2023
31 May
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,033
30,200

Tangible assets
 5 
50,134
64,612

  
55,167
94,812

Current assets
  

Debtors: amounts falling due within one year
 6 
263,699
20,227

Cash at bank and in hand
  
286,880
449,883

  
550,579
470,110

Creditors: amounts falling due within one year
  
(136,148)
(397,071)

Net current assets
  
 
 
414,431
 
 
73,039

Total assets less current liabilities
  
469,598
167,851

  

Net assets
  
469,598
167,851

Page 1

 


THREEWAYS CARE LIMITED
REGISTERED NUMBER:08469788


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

31 March
31 May
2023
2022
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
1,000
1,000

Profit and loss account
  
468,598
166,851

  
469,598
167,851


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B. M. Purmah
T. Purmah
Director
Director


Date: 25 October 2023
Date:25 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


THREEWAYS CARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Threeways Care Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The trading address of the Company is 5 Brighton Road, Salfords, RH1 5BS.
The accounting reference date of the Company was shortened from 31 May 2023 to 31 March 2023 in accordance with the director's preference.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue consists of income received from care home services. The turnover shown in the Statement of Income and Retained Earnings represents amounts receivable for services provided during the period in the normal course of business, net of trade discounts, VAT and other sales and related taxes.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Government grants

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


THREEWAYS CARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures & Fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 


THREEWAYS CARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 7 (2022 - 10).


4.


Intangible assets






Goodwill

£



Cost


At 1 June 2022
302,000



At 31 March 2023

302,000



Amortisation


At 1 June 2022
271,800


Charge for the period
25,167



At 31 March 2023

296,967



Net book value



At 31 March 2023
5,033



At 31 May 2022
30,200



Page 5

 


THREEWAYS CARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Tangible fixed assets







Motor vehicles
Fixtures, Fittings & Equipment
Total

£
£
£



Cost


At 1 June 2022
136,296
9,055
145,351


Disposals
-
(2,474)
(2,474)



At 31 March 2023

136,296
6,581
142,877



Depreciation


At 1 June 2022
78,929
1,810
80,739


Charge for the period
11,952
745
12,697


Disposals
-
(693)
(693)



At 31 March 2023

90,881
1,862
92,743



Net book value



At 31 March 2023
45,415
4,719
50,134



At 31 May 2022
57,367
7,245
64,612


6.


Debtors

31 March
31 May
2023
2022
£
£


Other debtors
240,201
-

Prepayments and accrued income
23,498
20,227

263,699
20,227


Page 6

 


THREEWAYS CARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 March
31 May
2023
2022
£
£


Not later than 1 year
9,167
55,000

9,167
55,000


8.Other financial commitments

Pensions contributions of £341 (2022: £Nil) had not been paid over at the year end.


9.


Transactions with the directors


31 March
31 May
2023
2022
£
£

Outstanding at the start of the period/year
(174,263)
(300,398)
Amounts advanced
460,189
181,447
Amounts repaid
(46,145)
(55,312)
Outstanding at the period/year end
239,781
(174,263)

No interest has been charged on this loan.
During the period the Company paid £48,833 (2022 - £55,000) to the directors for the rental of the care home properties.

 
Page 7