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REGISTERED NUMBER: 04910019 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Orchard Care (South West) Ltd

Orchard Care (South West) Ltd (Registered number: 04910019)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orchard Care (South West) Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr J S Thrush
Mrs G M Thrush





SECRETARY: Mr J S Thrush





REGISTERED OFFICE: Pine Lodge Care Home
13 Hazeldene Road
Weston-Super-Mare
Somerset
BS23 2XL





REGISTERED NUMBER: 04910019 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Orchard Care (South West) Ltd (Registered number: 04910019)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 246,741 234,325
246,741 234,325

CURRENT ASSETS
Stocks 13,500 12,000
Debtors 7 421,468 516,605
Cash at bank and in hand 481,845 783,140
916,813 1,311,745
CREDITORS
Amounts falling due within one year 8 190,008 386,133
NET CURRENT ASSETS 726,805 925,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,546

1,159,937

PROVISIONS FOR LIABILITIES 50,044 49,179
NET ASSETS 923,502 1,110,758

CAPITAL AND RESERVES
Called up share capital 10 99 99
Retained earnings 923,403 1,110,659
SHAREHOLDERS' FUNDS 923,502 1,110,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Orchard Care (South West) Ltd (Registered number: 04910019)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:




Mr J S Thrush - Director



Mrs G M Thrush - Director


Orchard Care (South West) Ltd (Registered number: 04910019)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Orchard Care (South West) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line
Fixtures and fittings - 15% on reducing balance and Over period of the lease
Motor vehicles - 20% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Assets are only capitalised where their cost exceeds £200.

Government grants
Government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Government grants in respect of revenue items are credited to the profit and loss account when they are receivable.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Orchard Care (South West) Ltd (Registered number: 04910019)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

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

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.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2023 - 74 ) .

Orchard Care (South West) Ltd (Registered number: 04910019)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 632,064
AMORTISATION
At 1 March 2023
and 29 February 2024 632,064
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 122,261 313,569 82,883 518,713
Additions 53,534 - 20,068 73,602
Disposals - (5,369 ) - (5,369 )
At 29 February 2024 175,795 308,200 102,951 586,946
DEPRECIATION
At 1 March 2023 79,394 162,477 42,517 284,388
Charge for year 16,367 22,394 20,591 59,352
Eliminated on disposal - (3,535 ) - (3,535 )
At 29 February 2024 95,761 181,336 63,108 340,205
NET BOOK VALUE
At 29 February 2024 80,034 126,864 39,843 246,741
At 28 February 2023 42,867 151,092 40,366 234,325


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,436 90,126
Other debtors 362,032 426,479
421,468 516,605

Orchard Care (South West) Ltd (Registered number: 04910019)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,910 73,191
Taxation and social security 43,023 172,137
Other creditors 105,075 140,805
190,008 386,133

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 43,333 209,996
Between one and five years 26,665 69,999
69,998 279,995

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
94 A £1 94 94
5 B £1 5 5
99 99

11. CONTINGENT LIABILITIES

The company has provided guarantees for borrowings of £937,497 (2023 - £992,996) owed by Mr J S Thrush and Mrs G M Thrush, the directors.

12. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 40,000

Orchard Care (South West) Ltd (Registered number: 04910019)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr J S Thrush and Mrs G M Thrush
Balance outstanding at start of year 269,890 62,633
Amounts advanced 168,352 317,118
Amounts repaid (197,395 ) (109,861 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 240,847 269,890

The maximum overdrawn balance during the year was £379,903.

Interest was charged on loans during the year at the official interest rate.

The company has provided guarantees for borrowings of £937,497 (2023 - £992,996) owed by the directors.

14. POST BALANCE SHEET EVENTS

One of the two care home homes which the company operates has been sold since the year end. The aggregate consideration received by the company for goodwill and tangible fixed assets was £450,000.