Company Registration No. 03029318 (England and Wales)
Sands Care Morecambe Limited
Unaudited accounts
for the year ended 31 December 2024
Sands Care Morecambe Limited
Unaudited accounts
Contents
Sands Care Morecambe Limited
Company Information
for the year ended 31 December 2024
Company Number
03029318 (England and Wales)
Registered Office
390 Marine Road East
Sands Care Morecambe Limited
Statement of financial position
as at 31 December 2024
Tangible assets
599,041
333,740
Cash at bank and in hand
211,310
255,073
Creditors: amounts falling due within one year
(1,502,588)
(1,138,161)
Net current (liabilities)/assets
(332,316)
261,092
Total assets less current liabilities
266,725
1,479,832
Creditors: amounts falling due after more than one year
(152,487)
(147,547)
Net assets
114,238
1,332,285
Called up share capital
2
2
Profit and loss account
114,236
1,332,283
Shareholders' funds
114,238
1,332,285
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 June 2025 and were signed on its behalf by
Mr Robert Wilson
Director
Company Registration No. 03029318
Sands Care Morecambe Limited
Notes to the Accounts
for the year ended 31 December 2024
Sands Care Morecambe Limited is a private company, limited by shares, registered in England and Wales, registration number 03029318. The registered office is 390 Marine Road East.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2024
161,964
81,023
7,495
844,460
22,154
1,117,096
Additions
290,286
2,327
-
-
-
292,613
At 31 December 2024
452,250
83,350
7,495
844,460
22,154
1,409,709
At 1 January 2024
-
34,605
2,524
728,858
17,369
783,356
Charge for the year
-
7,312
746
17,340
1,914
27,312
At 31 December 2024
-
41,917
3,270
746,198
19,283
810,668
At 31 December 2024
452,250
41,433
4,225
98,262
2,871
599,041
At 31 December 2023
161,964
46,418
4,971
115,602
4,785
333,740
Sands Care Morecambe Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Investments
Other investments
Valuation at 1 January 2024
885,000
Valuation at 31 December 2024
-
Amounts falling due within one year
Trade debtors
72,609
150,331
Amounts due from group undertakings etc.
86,400
-
Other debtors
(45,733)
4,316
Amounts falling due after more than one year
Other debtors
842,186
986,033
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
97,794
-
Trade creditors
242,949
215,584
Taxes and social security
737,592
228,488
Other creditors
424,253
694,089
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
64,437
59,497
Other creditors
88,050
88,050
The company is a party to a cross guarantee with Sands Care Holdings Limited relating to bank balances. The total liability under guarantee at the year end was £1,673,759 (2019 £2,391,786)
10
Average number of employees
During the year the average number of employees was 141 (2023: 141).