Company Registration No. 05046414 (England and Wales)
WOODFALLS CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
BH23 1EF
WOODFALLS CARE LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
WOODFALLS CARE LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. J Cuthill
Mrs. M Cuthill
Secretary
Mrs. M Cuthill
Company number
05046414
Registered office
41a Coronation Avenue
Bournemouth
Dorset
United Kingdom
BH9 1TW
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
WOODFALLS CARE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
644,509
661,965
Current assets
Stocks
650
650
Debtors
5
34,357
35,641
Cash at bank and in hand
260,203
149,474
295,210
185,765
Creditors: amounts falling due within one year
6
(587,761)
(577,280)
Net current liabilities
(292,551)
(391,515)
Total assets less current liabilities
351,958
270,450
Creditors: amounts falling due after more than one year
7
(180,646)
(214,316)
Provisions for liabilities
(2,165)
-
0
Net assets
169,147
56,134
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
169,047
56,034
Total equity
169,147
56,134
WOODFALLS CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 September 2024 and are signed on its behalf by:
Mr. J Cuthill
Director
Company Registration No. 05046414
The notes on pages 4 to 7 form part of these financial statements
WOODFALLS CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

Woodfalls Care Limited (05046414) is a private company limited by shares incorporated in England and Wales. The registered office is 41a Coronation Avenue, Bournemouth, Dorset, United Kingdom, BH9 1TW. The business address is Woodfalls Care Home, Vale Road, Woodfalls, Salisbury, United Kingdom, SP5 2LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements, due to the directors continued support.

1.3
Turnover

Turnover represents the amounts receivable for services provided in during the year.

1.4
Intangible fixed assets - goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold buildings
2% straight line
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

WOODFALLS CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.6
Stocks

Stocks are valued at the lower of cost and net realisable value.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

WOODFALLS CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
38
38
3
Tangible fixed assets
Freehold buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
803,871
112,307
700
916,878
Depreciation and impairment
At 1 January 2023
164,337
90,022
554
254,913
Depreciation charged in the year
14,077
3,343
36
17,456
At 31 December 2023
178,414
93,365
590
272,369
Carrying amount
At 31 December 2023
625,457
18,942
110
644,509
At 31 December 2022
639,534
22,285
146
661,965
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
400,000
Amortisation and impairment
At 1 January 2023 and 31 December 2023
400,000
Carrying amount
At 31 December 2023
-
0
At 31 December 2022
-
0
WOODFALLS CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
17,415
24,611
Other debtors
-
0
1,839
Prepayments and accrued income
16,942
6,959
Deferred tax asset
-
0
2,232
34,357
35,641
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
34,592
34,592
Trade creditors
6,490
11,044
Other taxation and social security
49,328
33,906
Other creditors
497,351
497,738
587,761
577,280

The aggregate amount of creditors falling due within one year for which security has been given amounted to £24,592 (2022 - £24,592).

7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
180,646
214,316

The aggregate amount of creditors falling due after more than one year for which security has been given amounted to £166,479 (2022 - £190,149).

8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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