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REGISTERED NUMBER: 10660915 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Ashcare (Summerfields) Ltd

Ashcare (Summerfields) Ltd (Registered number: 10660915)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashcare (Summerfields) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs S N Patel
Mr N K Patel





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 10660915 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Ashcare (Summerfields) Ltd (Registered number: 10660915)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 76,000 95,000
Tangible assets 5 644,247 655,959
720,247 750,959

CURRENT ASSETS
Debtors 6 14,513 45,800
Cash at bank 411,180 260,647
425,693 306,447
CREDITORS
Amounts falling due within one year 7 (376,102 ) (260,400 )
NET CURRENT ASSETS 49,591 46,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

769,838

797,006

CREDITORS
Amounts falling due after more than
one year

8

(282,220

)

(320,684

)

PROVISIONS FOR LIABILITIES (6,412 ) (7,647 )
NET ASSETS 481,206 468,675

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 481,106 468,575
SHAREHOLDERS' FUNDS 481,206 468,675

Ashcare (Summerfields) Ltd (Registered number: 10660915)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





Mr N K Patel - Director


Ashcare (Summerfields) Ltd (Registered number: 10660915)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Ashcare (Summerfields) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measure at the fair value of the consideration received or receivable.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold1% straight line
Fixtures and fittings25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Ashcare (Summerfields) Ltd (Registered number: 10660915)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 190,000
AMORTISATION
At 1 February 2023 95,000
Amortisation for year 19,000
At 31 January 2024 114,000
NET BOOK VALUE
At 31 January 2024 76,000
At 31 January 2023 95,000

Ashcare (Summerfields) Ltd (Registered number: 10660915)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 February 2023 656,860 99,981 756,841
Additions - 2,977 2,977
At 31 January 2024 656,860 102,958 759,818
DEPRECIATION
At 1 February 2023 32,764 68,118 100,882
Charge for year 6,568 8,121 14,689
At 31 January 2024 39,332 76,239 115,571
NET BOOK VALUE
At 31 January 2024 617,528 26,719 644,247
At 31 January 2023 624,096 31,863 655,959

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Prepayments & Accrued income 14,513 45,800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 55,172 47,474
Trade creditors 3,674 501
Tax 44,921 14,626
Social security and other taxes 6,516 4,946
Wages Control Account 25,827 23,862
Other creditors 724 492
Directors' current accounts 232,628 163,104
Accruals and deferred income 6,640 5,395
376,102 260,400

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans more 5 yr by instal 282,220 320,684

Ashcare (Summerfields) Ltd (Registered number: 10660915)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 282,220 320,684

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100