Rusa Care Limited 12415551 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of residential care activities for learning difficulties, mental health and substance abuse. Digita Accounts Production Advanced 6.30.9574.0 true true true 12415551 2022-04-01 2023-03-31 12415551 2023-03-31 12415551 core:RetainedEarningsAccumulatedLosses 2023-03-31 12415551 core:ShareCapital 2023-03-31 12415551 core:CurrentFinancialInstruments 2023-03-31 12415551 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12415551 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 12415551 core:FurnitureFittingsToolsEquipment 2023-03-31 12415551 core:MotorVehicles 2023-03-31 12415551 bus:SmallEntities 2022-04-01 2023-03-31 12415551 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12415551 bus:AbridgedAccounts 2022-04-01 2023-03-31 12415551 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12415551 bus:RegisteredOffice 2022-04-01 2023-03-31 12415551 bus:Director1 2022-04-01 2023-03-31 12415551 bus:Director2 2022-04-01 2023-03-31 12415551 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12415551 bus:Agent1 2022-04-01 2023-03-31 12415551 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 12415551 core:ShareCapital 2022-04-01 2023-03-31 12415551 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 12415551 core:MotorVehicles 2022-04-01 2023-03-31 12415551 1 2022-04-01 2023-03-31 12415551 countries:UnitedKingdom 2022-04-01 2023-03-31 12415551 2022-03-31 12415551 core:RetainedEarningsAccumulatedLosses 2022-03-31 12415551 core:ShareCapital 2022-03-31 12415551 core:FurnitureFittingsToolsEquipment 2022-03-31 12415551 core:MotorVehicles 2022-03-31 12415551 2021-04-01 2022-03-31 12415551 2022-03-31 12415551 core:RetainedEarningsAccumulatedLosses 2022-03-31 12415551 core:ShareCapital 2022-03-31 12415551 core:CurrentFinancialInstruments 2022-03-31 12415551 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 12415551 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 12415551 core:FurnitureFittingsToolsEquipment 2022-03-31 12415551 core:MotorVehicles 2022-03-31 12415551 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 12415551 core:ShareCapital 2021-04-01 2022-03-31 12415551 2021-03-31 12415551 core:RetainedEarningsAccumulatedLosses 2021-03-31 12415551 core:ShareCapital 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 12415551

Rusa Care Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

Rusa Care 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 14

 

Rusa Care Limited

Company Information

Directors

SK Rochman

NK Dhanoa

Registered office

23 Sheeplands Avenue
Guildford
Surrey
GU1 2SG

Accountants

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

 

Rusa Care 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:

SK Rochman

NK Dhanoa

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 26 May 2023 and signed on its behalf by:
 

.........................................
SK Rochman
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rusa Care 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 Rusa Care Limited for the year ended 31 March 2023 as set out on pages 4 to 14 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 Rusa Care Limited, as a body, in accordance with the terms of our engagement letter dated 4 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Rusa Care Limited and state those matters that we have agreed to state to the Board of Directors of Rusa Care 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 Rusa Care Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rusa Care 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 Rusa Care Limited. You consider that Rusa Care 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 Rusa Care 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

26 May 2023

 

Rusa Care Limited

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

Note

2023
£

2022
£

Gross profit

 

1,043,656

561,369

Administrative expenses

 

(714,336)

(404,924)

Interest payable and similar expenses

 

(1,128)

(96)

Profit before tax

4

328,192

156,349

Tax on profit

 

(62,393)

(25,767)

Profit for the financial year

 

265,799

130,582

The above results were derived from continuing operations.

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

 

Rusa Care Limited

Statement of Comprehensive Income for the Year Ended 31 March 2023

2023
£

2022
£

Profit for the year

265,799

130,582

Total comprehensive income for the year

265,799

130,582

 

Rusa Care Limited

(Registration number: 12415551)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

10,855

13,576

Current assets

 

Debtors

6

46,413

81,659

Cash at bank and in hand

 

277,110

100,759

 

323,523

182,418

Prepayments and accrued income

 

10,291

9,800

Creditors: Amounts falling due within one year

(78,542)

(43,949)

Net current assets

 

255,272

148,269

Total assets less current liabilities

 

266,127

161,845

Creditors: Amounts falling due after more than one year

(39,167)

(49,167)

Provisions for liabilities

(2,062)

(2,579)

Net assets

 

224,898

110,099

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

224,798

109,999

Shareholders' funds

 

224,898

110,099

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 26 May 2023 and signed on its behalf by:
 

 

Rusa Care Limited

(Registration number: 12415551)
Abridged Balance Sheet as at 31 March 2023

.........................................
SK Rochman
Director

 

Rusa Care Limited

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

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

100

109,999

110,099

Profit for the year

-

265,799

265,799

Dividends

-

(151,000)

(151,000)

At 31 March 2023

100

224,798

224,898

Share capital
£

Retained earnings
£

Total
£

At 1 April 2021

100

(20,583)

(20,483)

Profit for the year

-

130,582

130,582

At 31 March 2022

100

109,999

110,099

 

Rusa Care 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:
23 Sheeplands Avenue
Guildford
Surrey
GU1 2SG
England

These financial statements were authorised for issue by the Board on 26 May 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.

 

Rusa Care Limited

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

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.

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

Fruniture, fittings and equipment

25% reducing balance

Motor vehicle

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.

 

Rusa Care Limited

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 26 (2022 - 23).

4

Profit before tax

Arrived at after charging/(crediting)

 

Rusa Care Limited

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

2023
£

2022
£

Depreciation expense

3,619

4,525

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

7,066

11,500

18,566

Additions

898

-

898

At 31 March 2023

7,964

11,500

19,464

Depreciation

At 1 April 2022

2,115

2,875

4,990

Charge for the year

1,463

2,156

3,619

At 31 March 2023

3,578

5,031

8,609

Carrying amount

At 31 March 2023

4,386

6,469

10,855

At 31 March 2022

4,951

8,625

13,576

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

100

100

100

100

         

8

Dividends

 

Rusa Care Limited

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

   

2023

 

2022

   

£

 

£

Final dividend of £1.00 (2022 - £2.00) per ordinary share

 

-

 

-

Interim dividend of £3.00 (2022 - £4.00) per ordinary share

 

151,000

 

-

   

151,000

 

-

         

Final dividends paid

Interim 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

Related party transactions

 

Rusa Care Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

10

Parent and ultimate parent undertaking

The ultimate controlling party is the directors.