OAKDALE CARE LIMITED

Company Registration Number:
13828985 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

OAKDALE CARE LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

OAKDALE CARE LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

13 months to 31 January 2023


£

£
Fixed assets
Tangible assets: 3 2,043,757 1,984,943
Total fixed assets: 2,043,757 1,984,943
Current assets
Debtors:   59,713 168,279
Cash at bank and in hand: 23,350 443,044
Total current assets: 83,063 611,323
Creditors: amounts falling due within one year:   (762,459) (1,160,785)
Net current assets (liabilities): (679,396) (549,462)
Total assets less current liabilities: 1,364,361 1,435,481
Creditors: amounts falling due after more than one year:   (1,066,722) (1,427,033)
Provision for liabilities: (63,562) (1,586)
Total net assets (liabilities): 234,077 6,862
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 233,977 6,762
Shareholders funds: 234,077 6,862

The notes form part of these financial statements

OAKDALE CARE LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 March 2024
and signed on behalf of the board by:

Name: MRS N N SADIQ
Status: Director

The notes form part of these financial statements

OAKDALE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

RevenueRevenue is recognised to the extent that it is probable that the economic benefits will flow to theCompany and the revenue can be reliably measured. Revenue is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, value added tax and other salestaxes. The following criteria must also be met before revenue is recognised:Sale of goodsRevenue from the sale of goods is recognised when all of the following conditions are satisfied: the Company has transferred the significant risks and rewards of ownership to the buyer; the Company retains neither continuing managerial involvement to the degree usuallyassociated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services areprovided in accordance with the stage of completion of the contract when all of the followingconditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measuredreliably; and the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assetsTangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capable ofoperating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over theirestimated useful lives, using the straight-line method.Depreciation is provided on the following basis:Plant and machinery - over 5 years.Fixtures and fittings - over 7 years.The assets' residual values, useful lives and depreciation methods are reviewed, and adjustedprospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amountand are recognised in profit or loss.

Other accounting policies

Provisions for liabilitiesProvisions are made where an event has taken place that gives the Company a legal or constructiveobligation that probably requires settlement by a transfer of economic benefit, and a reliable estimatecan be made of the amount of the obligation.Provisions are charged as an expense to profit or loss in the year that the Company becomes awareof the obligation, and are measured at the best estimate at the balance sheet date of the expenditurerequired to settle the obligation, taking into account relevant risks and uncertainties.When payments are eventually made, they are charged to the provision carried in the Balance sheet.

OAKDALE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 13 months to 31 January 2023
Average number of employees during the period 109 97

OAKDALE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 2,112,531
Additions 211,139
At 31 January 2024 2,323,670
Depreciation
At 01 February 2023 127,588
Charge for year 152,325
At 31 January 2024 279,913
Net book value
At 31 January 2024 2,043,757
At 31 January 2023 1,984,943