Sakura Care Ltd 11618116 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is activities related to care homes Digita Accounts Production Advanced 6.30.9574.0 true false true 11618116 2023-04-01 2024-03-31 11618116 2024-03-31 11618116 bus:OrdinaryShareClass1 2024-03-31 11618116 bus:OrdinaryShareClass2 2024-03-31 11618116 bus:OrdinaryShareClass3 2024-03-31 11618116 bus:OrdinaryShareClass4 2024-03-31 11618116 bus:OrdinaryShareClass5 2024-03-31 11618116 bus:OtherShareClass1 2024-03-31 11618116 bus:OtherShareClass2 2024-03-31 11618116 bus:OtherShareClass3 2024-03-31 11618116 bus:OtherShareClass4 2024-03-31 11618116 core:RetainedEarningsAccumulatedLosses 2024-03-31 11618116 core:ShareCapital 2024-03-31 11618116 core:CurrentFinancialInstruments 2024-03-31 11618116 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11618116 core:Non-currentFinancialInstruments 2024-03-31 11618116 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11618116 core:Goodwill 2024-03-31 11618116 core:AdditionsToInvestments 2024-03-31 11618116 core:FurnitureFittingsToolsEquipment 2024-03-31 11618116 core:OtherPropertyPlantEquipment 2024-03-31 11618116 bus:SmallEntities 2023-04-01 2024-03-31 11618116 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11618116 bus:FullAccounts 2023-04-01 2024-03-31 11618116 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11618116 bus:RegisteredOffice 2023-04-01 2024-03-31 11618116 bus:CompanySecretary1 2023-04-01 2024-03-31 11618116 bus:Director2 2023-04-01 2024-03-31 11618116 bus:Director3 2023-04-01 2024-03-31 11618116 bus:Director4 2023-04-01 2024-03-31 11618116 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11618116 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 11618116 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 11618116 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 11618116 bus:OrdinaryShareClass5 2023-04-01 2024-03-31 11618116 bus:OtherShareClass1 2023-04-01 2024-03-31 11618116 bus:OtherShareClass2 2023-04-01 2024-03-31 11618116 bus:OtherShareClass3 2023-04-01 2024-03-31 11618116 bus:OtherShareClass4 2023-04-01 2024-03-31 11618116 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11618116 bus:Agent1 2023-04-01 2024-03-31 11618116 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11618116 core:ShareCapital 2023-04-01 2024-03-31 11618116 core:Goodwill 2023-04-01 2024-03-31 11618116 core:FurnitureFittings 2023-04-01 2024-03-31 11618116 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11618116 core:OfficeEquipment 2023-04-01 2024-03-31 11618116 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 11618116 core:PlantMachinery 2023-04-01 2024-03-31 11618116 core:Vehicles 2023-04-01 2024-03-31 11618116 countries:AllCountries 2023-04-01 2024-03-31 11618116 2023-03-31 11618116 core:RetainedEarningsAccumulatedLosses 2023-03-31 11618116 core:ShareCapital 2023-03-31 11618116 core:Goodwill 2023-03-31 11618116 core:FurnitureFittingsToolsEquipment 2023-03-31 11618116 core:OtherPropertyPlantEquipment 2023-03-31 11618116 2022-05-01 2023-03-31 11618116 2023-03-31 11618116 bus:OrdinaryShareClass1 2023-03-31 11618116 bus:OrdinaryShareClass2 2023-03-31 11618116 bus:OrdinaryShareClass3 2023-03-31 11618116 bus:OrdinaryShareClass4 2023-03-31 11618116 bus:OrdinaryShareClass5 2023-03-31 11618116 bus:OtherShareClass1 2023-03-31 11618116 bus:OtherShareClass2 2023-03-31 11618116 bus:OtherShareClass3 2023-03-31 11618116 bus:OtherShareClass4 2023-03-31 11618116 core:CurrentFinancialInstruments 2023-03-31 11618116 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11618116 core:Non-currentFinancialInstruments 2023-03-31 11618116 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11618116 core:Goodwill 2023-03-31 11618116 core:FurnitureFittingsToolsEquipment 2023-03-31 11618116 core:OtherPropertyPlantEquipment 2023-03-31 11618116 bus:OrdinaryShareClass1 2022-05-01 2023-03-31 11618116 bus:OrdinaryShareClass2 2022-05-01 2023-03-31 11618116 bus:OrdinaryShareClass3 2022-05-01 2023-03-31 11618116 bus:OrdinaryShareClass4 2022-05-01 2023-03-31 11618116 bus:OrdinaryShareClass5 2022-05-01 2023-03-31 11618116 bus:OtherShareClass1 2022-05-01 2023-03-31 11618116 bus:OtherShareClass2 2022-05-01 2023-03-31 11618116 bus:OtherShareClass3 2022-05-01 2023-03-31 11618116 bus:OtherShareClass4 2022-05-01 2023-03-31 11618116 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-03-31 11618116 core:ShareCapital 2022-05-01 2023-03-31 11618116 2022-04-30 11618116 core:RetainedEarningsAccumulatedLosses 2022-04-30 11618116 core:ShareCapital 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11618116

Sakura Care Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Sakura Care Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 16

 

Sakura Care Ltd

Company Information

Directors

Mr Christopher Putman

Mr Simon Putman

Mrs Gemma Putman

Company secretary

Britannia Accountancy & Tax Services Ltd

Registered office

1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

Accountants

Britannia Accountancy & Tax Services Ltd
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

 

Sakura Care Ltd

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Christopher Putman

Mr Simon Putman

Mrs Gemma Putman

Principal activity

The principal activity of the company is activities related to care homes

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 31 October 2024 and signed on its behalf by:

.........................................
Mrs Gemma Putman
Director

   
     
 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Sakura Care Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sakura Care Ltd for the year ended 31 March 2024 as set out on pages 4 to 16 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Sakura Care Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sakura Care Ltd and state those matters that we have agreed to state to the Board of Directors of Sakura Care Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sakura Care Ltd and its Board of Directors as a body for our work or for this report. To the best of our knowledge at the time of preparation; all information contained in this report is accurate, based upon the information and representations made to us by Sakura Care Ltd

It is your duty to ensure that Sakura Care Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sakura Care Ltd. You consider that Sakura 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 accounts of Sakura 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 accounts.

......................................

Britannia Accountancy & Tax Services Ltd
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

31 October 2024

 

Sakura Care Ltd

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

1,578,282

1,284,688

Cost of sales

 

(187,877)

(1,028,290)

Gross profit

 

1,390,405

256,398

Administrative expenses

 

(1,265,124)

(222,225)

Operating profit

 

125,281

34,173

Interest payable and similar expenses

 

(741)

-

Profit before tax

4

124,540

34,173

Tax on profit

 

(11,414)

(8,761)

Profit for the financial year

 

113,126

25,412

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Sakura Care Ltd

Statement of Comprehensive Income for the Year Ended 31 March 2024

2024
£

2023
£

Profit for the year

113,126

25,412

Total comprehensive income for the year

113,126

25,412

 

Sakura Care Ltd

(Registration number: 11618116)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

349,200

407,400

Tangible assets

6

15,613

14,996

Investments

7

1

-

 

364,814

422,396

Current assets

 

Stocks

8

208,162

247,162

Debtors

9

208,886

95,619

Cash at bank and in hand

 

78,736

192,993

 

495,784

535,774

Creditors: Amounts falling due within one year

10

(691,840)

(776,538)

Net current liabilities

 

(196,056)

(240,764)

Total assets less current liabilities

 

168,758

181,632

Creditors: Amounts falling due after more than one year

10

(24,167)

(34,167)

Net assets

 

144,591

147,465

Capital and reserves

 

Called up share capital

11

215

215

Retained earnings

144,376

147,250

Shareholders' funds

 

144,591

147,465

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................
Mr Simon Putman
Director

.........................................
Mrs Gemma Putman
Director

 
     
 

Sakura Care Ltd

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

215

147,250

147,465

Profit for the year

-

113,126

113,126

Dividends

-

(116,000)

(116,000)

At 31 March 2024

215

144,376

144,591

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

215

121,838

122,053

Profit for the year

-

25,412

25,412

At 31 March 2023

215

147,250

147,465

 

Sakura Care Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

These financial statements were authorised for issue by the Board on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Sakura Care Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

18% on net book value

Vehicles

18% on net book value

Office equipment

18% on net book value

Furniture and fittings

18% on net book value

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on cost

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Sakura Care Ltd

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Sakura Care Ltd

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2023 - 15).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

3,428

3,292

Amortisation expense

58,200

58,200

 

Sakura Care Ltd

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

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

582,000

582,000

At 31 March 2024

582,000

582,000

Amortisation

At 1 April 2023

174,600

174,600

Amortisation charge

58,200

58,200

At 31 March 2024

232,800

232,800

Carrying amount

At 31 March 2024

349,200

349,200

At 31 March 2023

407,400

407,400

6

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

10,824

19,647

30,471

Additions

4,045

-

4,045

At 31 March 2024

14,869

19,647

34,516

Depreciation

At 1 April 2023

5,215

10,260

15,475

Charge for the year

1,738

1,690

3,428

At 31 March 2024

6,953

11,950

18,903

Carrying amount

At 31 March 2024

7,916

7,697

15,613

At 31 March 2023

5,609

9,387

14,996

7

Investments

2024
£

2023
£

Investments in subsidiaries

1

-

 

Sakura Care Ltd

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

Subsidiaries

£

Cost or valuation

Additions

1

Provision

Carrying amount

At 31 March 2024

1

8

Stocks

2024
£

2023
£

Work in progress

208,162

247,162

9

Debtors

Current

2024
£

2023
£

Trade debtors

211,263

102,444

Other debtors

(2,377)

(6,825)

 

208,886

95,619

 

Sakura Care Ltd

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

10

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12

521,770

663,007

Trade creditors

 

27,733

18,925

Taxation and social security

 

80,138

80,012

Accruals and deferred income

 

14,724

9,865

Other creditors

 

47,475

4,729

 

691,840

776,538

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12

24,167

34,167

11

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

60

60

60

60

Ordinary B of £1 each

60

60

60

60

Ordinary C of £1 each

60

60

60

60

Ordinary D of £1 each

10

10

10

10

Ordinary E of £1 each

5

5

5

5

Ordinary F of £1 each

5

5

5

5

Ordinary G of £1 each

5

5

5

5

Ordinary H of £1 each

5

5

5

5

Ordinary I of £1 each

5

5

5

5

215

215

215

215

12

Loans and borrowings

Non-current loans and borrowings

 

Sakura Care Ltd

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

2024
£

2023
£

Bank borrowings

24,167

34,167

Current loans and borrowings

2024
£

2023
£

Other borrowings

521,770

663,007

13

Dividends

Interim dividends paid

 

2024
£

2023
£

Interim dividend of £666.66 (2023 - £0) per each Ordinary A share

40,000.00

-

Interim dividend of £666.66 (2023 - £0) per each Ordinary B share

40,000.00

-

Interim dividend of £0 per each Ordinary C share

-

-

Interim dividend of £0 per each Ordinary D share

-

-

Interim dividend of £0 per each Ordinary E share

-

-

Interim dividend of £720 (2023 - £0) per each Ordinary F share

3,600

-

Interim dividend of £2,000 (2023 - £0) per each Ordinary G share

10,000

-

Interim dividend of £0 per each Ordinary H share

-

-

Interim dividend of £4,480 (2023 - £0) per each Ordinary I share

22,400

-

 

116,000

-

14

Related party transactions

 

Sakura Care Ltd

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

-

25,536