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REGISTERED NUMBER: 07271532 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Bridgewater Home Care Ltd

Bridgewater Home Care Ltd (Registered number: 07271532)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Bridgewater Home Care Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr P M Eckersley





REGISTERED OFFICE: 1 Beecham Court
Smithy Brook Road
Wigan
WN3 6PR





REGISTERED NUMBER: 07271532 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Bridgewater Home Care Ltd (Registered number: 07271532)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,080 5,100
Tangible assets 5 240,660 249,910
244,740 255,010

CURRENT ASSETS
Debtors 6 408,410 393,768
Cash at bank and in hand 27,594 24,164
436,004 417,932
CREDITORS
Amounts falling due within one year 7 (227,293 ) (199,113 )
NET CURRENT ASSETS 208,711 218,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,451

473,829

CREDITORS
Amounts falling due after more than one year 8 (105,141 ) (124,370 )

PROVISIONS FOR LIABILITIES 10 (4,923 ) (4,227 )
NET ASSETS 343,387 345,232

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 343,386 345,231
SHAREHOLDERS' FUNDS 343,387 345,232

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Bridgewater Home Care Ltd (Registered number: 07271532)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 3 October 2024 and were signed by:





Mr P M Eckersley - Director


Bridgewater Home Care Ltd (Registered number: 07271532)

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

1. STATUTORY INFORMATION

Bridgewater Home Care 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 represents net invoiced sales of services, excluding value added tax.

Intangible assets
Intangilble assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences have been fully amortised.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Bridgewater Home Care Ltd (Registered number: 07271532)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 84 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 38,188 10,200 48,388
AMORTISATION
At 1 April 2023 38,188 5,100 43,288
Amortisation for year - 1,020 1,020
At 31 March 2024 38,188 6,120 44,308
NET BOOK VALUE
At 31 March 2024 - 4,080 4,080
At 31 March 2023 - 5,100 5,100

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 267,840 30,803 30,424 329,067
Additions - - 2,368 2,368
At 31 March 2024 267,840 30,803 32,792 331,435
DEPRECIATION
At 1 April 2023 40,176 21,357 17,624 79,157
Charge for year 6,696 1,889 3,033 11,618
At 31 March 2024 46,872 23,246 20,657 90,775
NET BOOK VALUE
At 31 March 2024 220,968 7,557 12,135 240,660
At 31 March 2023 227,664 9,446 12,800 249,910

Bridgewater Home Care Ltd (Registered number: 07271532)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 257,097 147,312
Rent deposit 3,815 3,815
Intercompany Debtors 128,562 222,226
Prepayments 18,936 20,415
408,410 393,768

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,933 24,518
Trade creditors 19,190 21,277
Tax 29,594 4,921
Social security and other taxes 33,107 31,863
Pensions Payable 6,892 7,911
Provision for bad debt 7,064 -
Other creditors 19,911 4,497
Payments on account - 14,240
Accrued expenses 84,602 89,886
227,293 199,113

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 12,235 22,435
Bank loans - 2-10 years 92,906 101,935
105,141 124,370

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 132,074 148,888

Bank loans and overdrafts is secured by way of personal guarantee given by the directors as well as fixed and floating charges over the assets of the Company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,923 4,227

Bridgewater Home Care Ltd (Registered number: 07271532)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 4,227
Depreciation in excess of 696
capital allowances
Balance at 31 March 2024 4,923

11. OTHER FINANCIAL COMMITMENTS

Bridgewater Home Care Ltd has financial commitments in relation to rent which is included within business premises expenses.

The total yearly rent commitments amount to £27,468.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr P M Eckersley
Balance outstanding at start of year - -
Amounts advanced 16,500 18,000
Amounts repaid (16,500 ) (18,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

13. RELATED PARTY DISCLOSURES

As at 31st March 2024, Bridgewater Home Care Ltd were owed £137,684 from Bridgewater Day Care Ltd and £161,916 from Bridgewater Home Care (Franchise) Ltd.

The Company owed £13,681 to Bolton Home Care Ltd and £157,358 to Bridgewater Care Group Ltd.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P M Eckersley.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Bridgewater Home Care Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bridgewater Home Care Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bridgewater Home Care Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bridgewater Home Care Ltd and state those matters that we have agreed to state to the director of Bridgewater Home Care Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bridgewater Home Care Ltd and its director for our work or for this report.

It is your duty to ensure that Bridgewater Home Care Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bridgewater Home Care Ltd. You consider that Bridgewater Home Care Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bridgewater Home Care Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................