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Registration number: 08481348

Allendale Care Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Allendale Care Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Allendale Care Limited

(Registration number: 08481348)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

18,502

319,486

Current assets

 

Debtors

5

514,096

163,214

Cash at bank and in hand

 

181,511

313,390

 

695,607

476,604

Creditors: Amounts falling due within one year

6

(220,775)

(252,568)

Net current assets

 

474,832

224,036

Total assets less current liabilities

 

493,334

543,522

Creditors: Amounts falling due after more than one year

6

(29,167)

(219,157)

Provisions for liabilities

(3,515)

(2,600)

Net assets

 

460,652

321,765

Capital and reserves

 

Called up share capital

1

1

Capital redemption reserve

1

1

Retained earnings

460,650

321,763

Shareholders' funds

 

460,652

321,765

For the financial year ending 28 February 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.

 

Allendale Care Limited

(Registration number: 08481348)
Balance Sheet as at 28 February 2023

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

.........................................
L Anderson
Director

 

Allendale Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Milehouse Lane
Newcastle
Staffordshire
ST5 9JR
UK

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 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 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.

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;
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 tax.

The current 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.

 

Allendale Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

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

Freehold land and buildings

not depreciated

Fixtures and fittings

25% on cost

Computer equipment

33.33% on cost

Motor vehicles

15% on cost

Plant and equipment

15% on cost

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.

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.

 

Allendale Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 41 (2022 - 37).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 March 2022

306,211

8,521

33,094

26,160

Additions

-

1,278

8,500

-

Disposals

(306,211)

-

-

-

At 28 February 2023

-

9,799

41,594

26,160

Depreciation

At 1 March 2022

-

6,628

24,660

23,212

Charge for the year

-

1,888

2,221

442

At 28 February 2023

-

8,516

26,881

23,654

Carrying amount

At 28 February 2023

-

1,283

14,713

2,506

At 28 February 2022

306,211

1,893

8,434

2,948

 

Allendale Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Total
£

Cost or valuation

At 1 March 2022

373,986

Additions

9,778

Disposals

(306,211)

At 28 February 2023

77,553

Depreciation

At 1 March 2022

54,500

Charge for the year

4,551

At 28 February 2023

59,051

Carrying amount

At 28 February 2023

18,502

At 28 February 2022

319,486

Included within the net book value of land and buildings above is £Nil (2022 - £306,211) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

201,161

156,962

Amounts owed by related parties

312,935

-

Prepayments

-

318

Other debtors

-

5,934

 

514,096

163,214

 

Allendale Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

10,000

38,717

Trade creditors

5,426

9,867

Taxation and social security

107,598

144,055

Accruals and deferred income

82,708

42,980

Other creditors

15,043

16,949

220,775

252,568

The bank loans are secured by a fixed and floating charge over the assets of the company.

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Loans and borrowings

29,167

219,157