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REGISTERED NUMBER: 05602049 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Grange Healthcare Ltd

Grange Healthcare Ltd (Registered number: 05602049)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Grange Healthcare Ltd

Company Information
for the year ended 30 April 2023







DIRECTORS: K S Holden
Mrs M Holden
Mrs C L Milligan
C Holden





SECRETARY: Mrs M Holden





REGISTERED OFFICE: The Grange
Church Street
Clayton le Moors
Accington
Lancashire
BB5 5HT





REGISTERED NUMBER: 05602049 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Grange Healthcare Ltd (Registered number: 05602049)

Abridged Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,647 170,881

CURRENT ASSETS
Stocks 5,775 5,250
Debtors 640,368 474,135
Cash at bank and in hand 705,769 753,764
1,351,912 1,233,149
CREDITORS
Amounts falling due within one year 665,047 671,660
NET CURRENT ASSETS 686,865 561,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,512

732,370

CREDITORS
Amounts falling due after more than one year (117,719 ) (157,558 )

PROVISIONS FOR LIABILITIES (27,737 ) (20,166 )
NET ASSETS 708,056 554,646

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 707,956 554,546
SHAREHOLDERS' FUNDS 708,056 554,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Grange Healthcare Ltd (Registered number: 05602049)

Abridged Balance Sheet - continued
30 April 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





Mrs C L Milligan - Director


Grange Healthcare Ltd (Registered number: 05602049)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Grange Healthcare Ltd 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.

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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

The income is recognised at the point of delivery of the goods and services. The company provides nursing and residential care to the private sector and via local authority funding. The income is recognised in line with the period over which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% or 20 % on reducing balance
Motor vehicles - 25% reducing balance & 33% straight line

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
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Grange Healthcare Ltd (Registered number: 05602049)

Notes to the Financial Statements - continued
for the year ended 30 April 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 balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 218 (2022 - 229 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 515,552
Additions 40,998
Disposals (15,594 )
At 30 April 2023 540,956
DEPRECIATION
At 1 May 2022 344,671
Charge for year 35,851
Eliminated on disposal (6,213 )
At 30 April 2023 374,309
NET BOOK VALUE
At 30 April 2023 166,647
At 30 April 2022 170,881

Grange Healthcare Ltd (Registered number: 05602049)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/23 30/4/22
£    £   
Within one year 309,996 516,396
Between one and five years - 2,065,584
In more than five years 1,788,801 3,770,562
2,098,797 6,352,542

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/23 30/4/22
value: £    £   
100 Ordinary £1.00 100 100