Sambhana Care Ltd |
Notes to the Accounts |
for the year ended 31 August 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in pound sterling and under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of care services to the extent that there is a right to consideration and is recorded at the value of that consideration. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is provided as follows:- |
|
|
Intangible Assets - computer software |
over 4 years |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 3 to 5 year |
|
Motor vehicles |
25% reducing balance |
|
|
Investments |
|
Investments in subsidiaries are measured at cost less any accumulated impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
Going Concern |
|
The accounts are prepared on a going concern basis, despite the fact that the company has net liabilities of £41,874. The company's ability to trade was impacted severely by Covid 19 from March 2020 through to 2022. In recent years the company has traded profitably and is continuing to do so. The director has agreed not to seek repayment if such repayments mean that the company would not be able to meet its committments as they fall due, and can provide additional support to the company if required. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
23 |
|
15 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
£ |
|
Computer Software |
|
|
Cost |
|
At 1 September 2023 |
11,581 |
|
At 31 August 2024 |
11,581 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 September 2023 |
9,101 |
|
Provided during the year |
2,480 |
|
At 31 August 2024 |
11,581 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2024 |
- |
|
At 31 August 2023 |
2,480 |
|
|
|
|
|
|
|
|
|
|
4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 September 2023 |
4,201 |
|
- |
|
4,201 |
|
Additions |
2,748 |
|
2,700 |
|
5,448 |
|
At 31 August 2024 |
6,949 |
|
2,700 |
|
9,649 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2023 |
1,540 |
|
- |
|
1,540 |
|
Charge for the year |
1,859 |
|
675 |
|
2,534 |
|
At 31 August 2024 |
3,399 |
|
675 |
|
4,074 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2024 |
3,550 |
|
2,025 |
|
5,575 |
|
At 31 August 2023 |
2,661 |
|
- |
|
2,661 |
|
|
5 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
|
Cost |
|
At 1 September 2023 |
137,149 |
|
|
At 31 August 2024 |
137,149 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 September 2023 |
137,149 |
|
At 31 August 2024 |
137,149 |
|
|
|
|
|
|
|
|
|
|
|
6 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
61,955 |
|
46,501 |
|
Deferred tax asset |
|
|
|
|
5,364 |
|
- |
|
Other debtors |
1,700 |
|
5,682 |
|
|
|
|
|
|
69,019 |
|
52,183 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
6,757 |
|
- |
|
|
|
|
|
|
|
|
|
|
7 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans and overdrafts |
8,287 |
|
7,430 |
|
Trade creditors |
12,793 |
|
3,295 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
91,271 |
|
84,617 |
|
Taxation and social security costs |
49,410 |
|
50,334 |
|
Other creditors |
83,770 |
|
17,114 |
|
|
|
|
|
|
245,531 |
|
162,790 |
|
|
|
|
|
|
|
|
|
|
8 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
25,340 |
|
34,290 |
|
Other creditors |
- |
|
154,457 |
|
|
|
|
|
|
25,340 |
|
188,747 |
|
|
|
|
|
|
|
|
|
|
9 |
Loans |
2024 |
|
2023 |
£ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
1,607 |
|
6,167 |
|
|
|
|
|
|
|
|
|
|
10 |
Other financial commitments |
2024 |
|
2023 |
£ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
5,029 |
|
- |
|
|
|
|
|
|
|
|
|
|
11 |
Related party transactions |
|
|
The director B.S Rana has loaned the company £79,609. The loan is interest free. |
|
|
The company owes Take Care (South East) Ltd, the subsidiary of Sambhana Care Ltd an amount of £91,271 . The loan is interest free. |
|
|
The company used the services of D. P. Care Services during the year amounting to £5,394, a company in which B.S Rana is both the sole director and 100% shareholder. |
|
12 |
Subsidiary Undertakings |
|
|
The following were subsidiary undertakings of the company: |
|
Name |
|
|
Class of Share |
|
Holding |
|
Take Care (South East) Limited |
Ordinary |
|
|
|
100% |
|
|
|
|
|
|
|
|
|
|
The aggregate of the share capital and reserves at 31st August 2024 and of the Profit or Loss, after taxation, for the year ended on that date for the subsidiary undertaking were as follows: |
|
|
|
|
|
Aggregate of Share capital and reserves |
|
Name |
|
|
|
Profit/Loss |
|
|
Take Care (South East) Limited |
|
|
£51,800 |
|
|
|
(£8,461) |
|
|
|
|
|
|
|
|
|
|
Take Care (South East) Limited is incorporated in England. Its principal activity is to provide care services. |
|
|
13 |
Other information |
|
|
Sambhana Care Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 12 |
|
Hopewell Business Centre |
|
Chatham |
|
Kent |
|
ME5 7DX |