Registered number
08388288
WESTWOOD HOMECARE (NORTH WEST) LIMITED
Filleted Accounts
28 February 2023
WESTWOOD HOMECARE (NORTH WEST) LIMITED
Registered number: 08388288
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 705,213 403,729
Current assets
Stocks 3,250 1,738
Debtors 4 205,309 57,459
Cash at bank and in hand 115,660 174,325
324,219 233,522
Creditors: amounts falling due within one year 5 (953,637) (603,845)
Net current liabilities (629,418) (370,323)
Net assets 75,795 33,406
Capital and reserves
Called up share capital 800 800
Profit and loss account 74,995 32,606
Shareholders' funds 75,795 33,406
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M N Sharif
Director
Approved by the board on 29 November 2023
WESTWOOD HOMECARE (NORTH WEST) LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 198 166
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 478,744 7,723 486,467
Additions 389,252 1,283 390,535
At 28 February 2023 867,996 9,006 877,002
Depreciation
At 1 March 2022 77,474 5,264 82,738
Charge for the year 86,800 2,251 89,051
At 28 February 2023 164,274 7,515 171,789
Net book value
At 28 February 2023 703,722 1,491 705,213
At 28 February 2022 401,270 2,459 403,729
4 Debtors 2023 2022
£ £
Trade debtors 205,309 57,459
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 368,738 359,254
Other creditors 584,899 244,591
953,637 603,845
6 Other information
WESTWOOD HOMECARE (NORTH WEST) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Sedgeborough House
47 Sedgeborough Road
Whalley Range
Manchester
M16 7EU
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