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REGISTERED NUMBER: 05333052 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SUPREME CARE WALES LIMITED

SUPREME CARE WALES LIMITED (REGISTERED NUMBER: 05333052)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUPREME CARE WALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: K Nathan
Mrs T D Ratnam-Nathan





SECRETARY: K Nathan





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 05333052 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

SUPREME CARE WALES LIMITED (REGISTERED NUMBER: 05333052)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 975,323 992,692
975,323 992,692

CURRENT ASSETS
Stocks 6 2,705 1,525
Debtors 7 1,315,083 1,301,057
Cash at bank and in hand 371,296 281,205
1,689,084 1,583,787
CREDITORS
Amounts falling due within one year 8 265,878 295,407
NET CURRENT ASSETS 1,423,206 1,288,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,398,529

2,281,072

CREDITORS
Amounts falling due after more than one
year

9

(412,297

)

(480,671

)

PROVISIONS FOR LIABILITIES 11 (50,985 ) (52,309 )
NET ASSETS 1,935,247 1,748,092

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,935,147 1,747,992
SHAREHOLDERS' FUNDS 1,935,247 1,748,092

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.

SUPREME CARE WALES LIMITED (REGISTERED NUMBER: 05333052)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





K Nathan - Director


SUPREME CARE WALES LIMITED (REGISTERED NUMBER: 05333052)

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


1. STATUTORY INFORMATION

Supreme Care Wales 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 1% on cost
Furniture,fittings & equipment - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

SUPREME CARE WALES LIMITED (REGISTERED NUMBER: 05333052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 104,000
AMORTISATION
At 1 April 2022
and 31 March 2023 104,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Furniture,fittings Computer
property property & equipment equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,156,315 27,929 328,196 10,727 1,523,167
Additions - - 1,068 - 1,068
At 31 March 2023 1,156,315 27,929 329,264 10,727 1,524,235
DEPRECIATION
At 1 April 2022 188,862 27,929 303,782 9,902 530,475
Charge for year 11,562 - 6,370 505 18,437
At 31 March 2023 200,424 27,929 310,152 10,407 548,912
NET BOOK VALUE
At 31 March 2023 955,891 - 19,112 320 975,323
At 31 March 2022 967,453 - 24,414 825 992,692

6. STOCKS
2023 2022
£    £   
Stocks 2,705 1,525

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 107,822 152,141
Amounts owed by group undertakings 1,188,423 1,120,169
Other debtors 2,190 1,681
Accrued income 4,044 14,553
Prepayments 12,604 12,513
1,315,083 1,301,057

SUPREME CARE WALES LIMITED (REGISTERED NUMBER: 05333052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 48,644 46,404
Trade creditors 6,110 6,057
Tax 97,938 123,564
PAYE 7,890 9,139
Other creditors 42,944 47,391
Resident's cash balance 400 720
Credit card 494 7,982
Directors' current accounts 83 5
Deferred income 54,546 48,780
Accrued expenses 6,829 5,365
265,878 295,407

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 48,644 46,404
Bank loans 2-5 years 145,932 139,212
Bank loans > 5 years 217,721 295,055
412,297 480,671

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 217,721 295,055

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 460,941 527,075

The debt is secured by means of a legal and general charge dated 24 November 2005.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
(Accelerated) / decelerated capital
allowances

50,985

52,309

Deferred
tax
£   
Balance at 1 April 2022 52,309
Provided during year (1,324 )
Balance at 31 March 2023 50,985

SUPREME CARE WALES LIMITED (REGISTERED NUMBER: 05333052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


12. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £303,087 (2022 : £310,159) by Supreme Care UK Ltd, a company owned and controlled by the same shareholders and directors. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company was owed £559,386(2022 : £559,060) by Prestige Properties 786 Ltd, a company owned and controlled by two of the shareholders and directors. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company was owed £325,950 (2022 : £250,950) by Supreme Properties 369 Ltd, a company owned and controlled by two of the shareholders and directors. No interest was charged on this amount. This amount is repayable on demand.