Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false67falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08469788 2023-04-01 2024-03-31 08469788 2022-06-01 2023-03-31 08469788 2024-03-31 08469788 2023-03-31 08469788 c:CompanySecretary1 2023-04-01 2024-03-31 08469788 c:Director1 2023-04-01 2024-03-31 08469788 c:Director2 2023-04-01 2024-03-31 08469788 c:RegisteredOffice 2023-04-01 2024-03-31 08469788 d:MotorVehicles 2023-04-01 2024-03-31 08469788 d:MotorVehicles 2024-03-31 08469788 d:MotorVehicles 2023-03-31 08469788 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08469788 d:FurnitureFittings 2023-04-01 2024-03-31 08469788 d:FurnitureFittings 2024-03-31 08469788 d:FurnitureFittings 2023-03-31 08469788 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08469788 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08469788 d:Goodwill 2023-04-01 2024-03-31 08469788 d:Goodwill 2024-03-31 08469788 d:Goodwill 2023-03-31 08469788 d:CurrentFinancialInstruments 2024-03-31 08469788 d:CurrentFinancialInstruments 2023-03-31 08469788 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08469788 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08469788 d:ShareCapital 2024-03-31 08469788 d:ShareCapital 2023-03-31 08469788 d:RetainedEarningsAccumulatedLosses 2024-03-31 08469788 d:RetainedEarningsAccumulatedLosses 2023-03-31 08469788 c:FRS102 2023-04-01 2024-03-31 08469788 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08469788 c:FullAccounts 2023-04-01 2024-03-31 08469788 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08469788 d:WithinOneYear 2024-03-31 08469788 d:WithinOneYear 2023-03-31 08469788 d:BetweenOneFiveYears 2024-03-31 08469788 d:BetweenOneFiveYears 2023-03-31 08469788 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 08469788 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 08469788







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


THREEWAYS CARE LIMITED






































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THREEWAYS CARE LIMITED
 


 
COMPANY INFORMATION


Directors
B. M. Purmah 
T. Purmah 




Company secretary
B. M. Purmah



Registered number
08469788



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


THREEWAYS CARE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6

 


THREEWAYS CARE LIMITED
REGISTERED NUMBER:08469788



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
5,033

Tangible assets
 5 
37,836
50,134

  
37,836
55,167

Current assets
  

Debtors: amounts falling due within one year
 6 
62,702
263,699

Cash at bank and in hand
  
734,926
286,880

  
797,628
550,579

Creditors: amounts falling due within one year
  
(209,810)
(136,148)

Net current assets
  
 
 
587,818
 
 
414,431

Total assets less current liabilities
  
625,654
469,598

  

Net assets
  
625,654
469,598

Page 1

 


THREEWAYS CARE LIMITED
REGISTERED NUMBER:08469788


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
1,000
1,000

Profit and loss account
  
624,654
468,598

  
625,654
469,598


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B. M. Purmah
T. Purmah
Director
Director


Date: 6 August 2024
Date:6 August 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


THREEWAYS CARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Threeways Care Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The trading address of the Company is 5 Brighton Road, Salfords, RH1 5BS.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue consists of income received from care home services. The turnover shown in the Statement of Income and Retained Earnings represents amounts receivable for services provided during the period in the normal course of business, net of trade discounts, VAT and other sales and related taxes.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 


THREEWAYS CARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures & Fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 7).

Page 4

 


THREEWAYS CARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2022
302,000



At 31 March 2024

302,000



Amortisation


At 1 June 2022
296,967


Charge for the year
5,033



At 31 March 2024

302,000



Net book value



At 31 March 2024
-



At 31 March 2023
5,033




5.


Tangible fixed assets





Motor vehicles
Fixtures, Fittings & Equipment
Total

£
£
£



Cost


At 1 April 2023
136,296
6,581
142,877



At 31 March 2024

136,296
6,581
142,877



Depreciation


At 1 April 2023
90,881
1,862
92,743


Charge for the year
11,354
944
12,298



At 31 March 2024

102,235
2,806
105,041



Net book value



At 31 March 2024
34,061
3,775
37,836



At 31 March 2023
45,415
4,719
50,134

Page 5

 


THREEWAYS CARE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
37,123
240,201

Prepayments and accrued income
25,579
23,498

62,702
263,699



7.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
68,000
9,167

Later than 1 year and not later than 5 years
215,333
-

283,333
9,167


8.Other financial commitments

Pensions contributions of £343 (2023: £341) had not been paid over at the year end.


9.


Transactions with the directors


2024
2023
£
£

Outstanding at the start of the year/period
239,781
(174,263)
Amounts advanced
103,067
460,189
Amounts repaid
(306,145)
(46,145)
Outstanding at the year/period end
36,703
239,781

No interest has been charged on this loan.
During the year the company paid £65,833 (2023 - £55,000) to the directors for the rental of the care home properties.
 
Page 6