Company Registration No. 07014370 (England and Wales)
Greystones Nursing Home Ltd
Unaudited accounts
for the year ended 29 February 2024
Greystones Nursing Home Ltd
Unaudited accounts
Contents
Greystones Nursing Home Ltd
Company Information
for the year ended 29 February 2024
Directors
Shahbaz Munir
Simkey Munir
Company Number
07014370 (England and Wales)
Registered Office
Greystones
Parsons Road
Bradford
West Yorkshire
BD9 4DW
England
Accountants
A&M Accountants and Consultants LLP
Chartered Certified Accountants
Unit 1-2, 41 Whetley Hill
Bradford
BD8 8NL
Greystones Nursing Home Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
104,098
147,243
Cash at bank and in hand
475,620
363,730
Creditors: amounts falling due within one year
(210,093)
(133,327)
Net current assets
276,063
248,493
Total assets less current liabilities
380,161
395,736
Creditors: amounts falling due after more than one year
(335,884)
(333,727)
Called up share capital
100
100
Profit and loss account
44,177
61,909
Shareholders' funds
44,277
62,009
For the year ending 29 February 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
Simkey Munir
Director
Company Registration No. 07014370
Greystones Nursing Home Ltd
Notes to the Accounts
for the year ended 29 February 2024
Greystones Nursing Home Ltd is a private company, limited by shares, registered in England and Wales, registration number 07014370. The registered office is Greystones, Parsons Road, Bradford, West Yorkshire, BD9 4DW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Motor vehicles
10% straight line
Fixtures & fittings
10% straight line
Computer equipment
10% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Greystones Nursing Home Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill
At 29 February 2024
500,000
At 29 February 2024
500,000
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
5% per annum or over the life of intangible asset
5
Tangible fixed assets
Fixtures & fittings
At 29 February 2024
431,457
Charge for the year
43,145
At 29 February 2024
327,359
At 29 February 2024
104,098
At 28 February 2023
147,243
Amounts falling due within one year
Trade debtors
8,919
16,568
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
150,773
72,930
Taxes and social security
29,205
30,282
Loans from directors
30,115
30,115
Greystones Nursing Home Ltd
Notes to the Accounts
for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
335,884
333,727
9
Average number of employees
During the year the average number of employees was 24 (2023: 24).