Registered number
11541420
Sambhana Care Ltd
Unaudited Filleted Accounts
31 August 2024
Sambhana Care Ltd
Registered number: 11541420
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 2,480
Tangible assets 4 5,575 2,661
Investments 5 137,149 137,149
142,724 142,290
Current assets
Debtors 6 69,019 52,183
Cash at bank and in hand 17,254 1,338
86,273 53,521
Creditors: amounts falling due within one year 7 (245,531) (162,790)
Net current liabilities (159,258) (109,269)
Total assets less current liabilities (16,534) 33,021
Creditors: amounts falling due after more than one year 8 (25,340) (188,747)
Net liabilities (41,874) (155,726)
Capital and reserves
Called up share capital 1 1
Profit and loss account (41,875) (155,727)
Shareholder's funds (41,874) (155,726)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B. S. Rana
Director
Approved by the board on 14 February 2025
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
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