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REGISTERED NUMBER: 06279129 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SANKOFA CARE LIMITED

SANKOFA CARE LIMITED (REGISTERED NUMBER: 06279129)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SANKOFA CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Ms O Osei-Asibey
Ms N Y K Osei-Asibey
Ms A Osei-Asibey
Ms A Osei-Asibey





SECRETARY: Ms N Y K Osei-Asibey





REGISTERED OFFICE: 15 Station Road
London
SE25 5AH





REGISTERED NUMBER: 06279129 (England and Wales)





ACCOUNTANTS: Owadally & King
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

SANKOFA CARE LIMITED (REGISTERED NUMBER: 06279129)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,374,604 1,380,145
Investments 5 50 50
1,374,654 1,380,195

CURRENT ASSETS
Debtors 6 204,215 98,215
Cash at bank and in hand 98,012 61,091
302,227 159,306
CREDITORS
Amounts falling due within one year 7 177,755 124,416
NET CURRENT ASSETS 124,472 34,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,499,126

1,415,085

CREDITORS
Amounts falling due after more than one
year

8

263,019

322,913
NET ASSETS 1,236,107 1,092,172

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 648,460 648,460
Retained earnings 10 587,547 443,612
1,236,107 1,092,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SANKOFA CARE LIMITED (REGISTERED NUMBER: 06279129)

BALANCE SHEET - continued
30 JUNE 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 June 2025 and were signed on its behalf by:





Ms O Osei-Asibey - Director


SANKOFA CARE LIMITED (REGISTERED NUMBER: 06279129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Sankofa 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

SANKOFA CARE LIMITED (REGISTERED NUMBER: 06279129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1,395,030 256,633 1,651,663
Additions - 3,539 3,539
At 30 June 2024 1,395,030 260,172 1,655,202
DEPRECIATION
At 1 July 2023 18,000 253,518 271,518
Charge for year 6,000 3,080 9,080
At 30 June 2024 24,000 256,598 280,598
NET BOOK VALUE
At 30 June 2024 1,371,030 3,574 1,374,604
At 30 June 2023 1,377,030 3,115 1,380,145

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 50
NET BOOK VALUE
At 30 June 2024 50
At 30 June 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 204,215 93,436
Other debtors - 4,779
204,215 98,215

SANKOFA CARE LIMITED (REGISTERED NUMBER: 06279129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,142 4,819
Taxation and social security 48,600 17,435
Other creditors 124,013 102,162
177,755 124,416

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 263,019 322,913

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 263,019 322,913

The bank loan is secured against the Land and Buildings.

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 443,612 648,460 1,092,072
Profit for the year 143,935 143,935
At 30 June 2024 587,547 648,460 1,236,007

11. ULTIMATE CONTROLLING PARTY

The controlling party is Ms O Osei-Asibey.