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REGISTERED NUMBER: 12237965 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

SAGA CARE LIMITED

SAGA CARE LIMITED (REGISTERED NUMBER: 12237965)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SAGA CARE LIMITED

COMPANY INFORMATION
for the Year Ended 31st October 2023







DIRECTOR: Mr Ajay Goorwappa





REGISTERED OFFICE: KJG
100 Barbirolli Square
Manchester
United Kingdom
M2 3BD





REGISTERED NUMBER: 12237965 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

SAGA CARE LIMITED (REGISTERED NUMBER: 12237965)

BALANCE SHEET
31st October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 6 7
Tangible assets 5 148,172 28,734
148,178 28,741

CURRENT ASSETS
Debtors 6 461,057 485,742
Cash at bank and in hand 65,183 163,004
526,240 648,746
CREDITORS
Amounts falling due within one year 7 (279,029 ) (246,179 )
NET CURRENT ASSETS 247,211 402,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

395,389

431,308

PROVISIONS FOR LIABILITIES (37,043 ) -
NET ASSETS 358,346 431,308

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 358,246 431,208
SHAREHOLDERS' FUNDS 358,346 431,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th July 2024 and were signed by:



Mr Ajay Goorwappa - Director


SAGA CARE LIMITED (REGISTERED NUMBER: 12237965)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

SAGA Care Limited is a private company limited by share capital, incorporated in England and Wales, registration number 12237965. The principal place of business is Waterloo Park Limited, 22 The Highgrove, Bolton, BL1 5PX and the registered office address is KJG, 100 Barbirolli square, Manchester, United kingdom, M2 3BD.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts recognised by the company in respect of services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of income relating to the provision of residential care services.

Goodwill
Goodwill being the amount paid in connection with the acquisition of business in 2021 is amortised evenly over its estimated useful life of 8 years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures and fittings-25% on straight line basis
Computer equipment-33% on straight line basis

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

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.

SAGA CARE LIMITED (REGISTERED NUMBER: 12237965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand.

Government grants
Government grants are recognised on the accrual model and are measured at fair value of the asset receivable. Grants are classified as relating either to other income or to assets. Grants related to other income are recognised in profit or loss over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2022 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 8
AMORTISATION
At 1st November 2022 1
Charge for year 1
At 31st October 2023 2
NET BOOK VALUE
At 31st October 2023 6
At 31st October 2022 7

SAGA CARE LIMITED (REGISTERED NUMBER: 12237965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st November 2022 - 7,807 34,337 42,144
Additions 85,736 43,495 14,675 143,906
At 31st October 2023 85,736 51,302 49,012 186,050
DEPRECIATION
At 1st November 2022 - 3,514 9,896 13,410
Charge for year 6,028 7,545 10,895 24,468
At 31st October 2023 6,028 11,059 20,791 37,878
NET BOOK VALUE
At 31st October 2023 79,708 40,243 28,221 148,172
At 31st October 2022 - 4,293 24,441 28,734

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 192,228 272,509
Amounts owed by group undertakings 225,391 175,391
Other debtors 43,438 37,842
461,057 485,742

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 89,682 73,559
Taxation and social security 71,141 92,491
Other creditors 118,206 80,129
279,029 246,179

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the shareholders of Waterloo Park Limited by virtue of their controlling interest in the entity.