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REGISTERED NUMBER: 08087850 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Westfield Care Limited

Westfield Care Limited (Registered number: 08087850)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westfield Care Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr P R Gray
Mrs J E Gray





REGISTERED OFFICE: 24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT





REGISTERED NUMBER: 08087850 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Westfield Care Limited (Registered number: 08087850)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,525,081 2,755,182
Investment property 5 197,482 -
2,722,563 2,755,182

CURRENT ASSETS
Stocks 5,750 5,600
Debtors 6 865,965 510,403
Cash at bank and in hand 769,895 932,754
1,641,610 1,448,757
CREDITORS
Amounts falling due within one year 7 (1,300,194 ) (1,099,208 )
NET CURRENT ASSETS 341,416 349,549
TOTAL ASSETS LESS CURRENT LIABILITIES 3,063,979 3,104,731

CREDITORS
Amounts falling due after more than one
year

8

(1,770,474

)

(1,915,971

)

PROVISIONS FOR LIABILITIES (28,122 ) (36,293 )
NET ASSETS 1,265,383 1,152,467

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 1,265,278 1,152,362
1,265,383 1,152,467

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

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

Westfield Care Limited (Registered number: 08087850)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:




Mr P R Gray - Director



Mrs J E Gray - Director


Westfield Care Limited (Registered number: 08087850)

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

1. STATUTORY INFORMATION

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

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freeholdnil
Fixtures, fittings & equipment25% reducing balance
Motor vehicles25% reducing balance
Computer equipment33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Freehold property is included at fair value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Westfield Care Limited (Registered number: 08087850)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 135 (2023 - 124 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 2,609,830 104,150 193,403 - 2,907,383
Additions - 3,623 - 1,887 5,510
Disposals - - (2,500 ) - (2,500 )
Reclassification/transfer (197,482 ) - - - (197,482 )
At 31 July 2024 2,412,348 107,773 190,903 1,887 2,712,911
DEPRECIATION
At 1 August 2023 - 68,614 83,587 - 152,201
Charge for year - 9,796 27,370 629 37,795
Eliminated on disposal - - (2,166 ) - (2,166 )
At 31 July 2024 - 78,410 108,791 629 187,830
NET BOOK VALUE
At 31 July 2024 2,412,348 29,363 82,112 1,258 2,525,081
At 31 July 2023 2,609,830 35,536 109,816 - 2,755,182

Westfield Care Limited (Registered number: 08087850)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 47,019
DEPRECIATION
At 1 August 2023 20,571
Charge for year 6,612
At 31 July 2024 27,183
NET BOOK VALUE
At 31 July 2024 19,836
At 31 July 2023 26,448

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 197,482
At 31 July 2024 197,482
NET BOOK VALUE
At 31 July 2024 197,482

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 162,490 266,006
Other debtors 703,475 244,397
865,965 510,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 106,326 85,001
Hire purchase contracts 8,228 8,228
Trade creditors 105,396 117,900
Taxation and social security 188,095 104,841
Other creditors 892,149 783,238
1,300,194 1,099,208

Westfield Care Limited (Registered number: 08087850)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,753,936 1,881,196
Hire purchase contracts 7,543 15,771
Other creditors 8,995 19,004
1,770,474 1,915,971

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,328,631 1,561,196

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,860,262 1,966,197
Hire purchase contracts 15,771 23,999
1,876,033 1,990,196

The long term loans are secured by fixed charges over the company's freehold property.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr P R Gray and Mrs J E Gray
Balance outstanding at start of year 165,090 -
Amounts advanced 461,235 165,090
Amounts repaid (96,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 530,325 165,090