Company Registration No. 06555683 (England and Wales)
Oakleigh Residential Home Limited
Unaudited accounts
for the year ended 30 April 2020
Oakleigh Residential Home Limited
Statement of financial position
as at 30 April 2020
Intangible assets
112,500
125,000
Tangible assets
40,072
13,506
Cash at bank and in hand
305,418
301,675
Creditors: amounts falling due within one year
(117,025)
(140,275)
Net current assets
188,393
161,400
Total assets less current liabilities
340,965
299,906
Creditors: amounts falling due after more than one year
(10,000)
(10,000)
Net assets
330,965
289,906
Called up share capital
200
200
Profit and loss account
330,765
289,706
Shareholders' funds
330,965
289,906
For the year ending 30 April 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 15 January 2021 and were signed on its behalf by
Mrs Fatima Mawji
Director
Company Registration No. 06555683
Oakleigh Residential Home Limited
Notes to the Accounts
for the year ended 30 April 2020
Oakleigh Residential Home Limited is a private company, limited by shares, registered in England and Wales, registration number 06555683. The registered office is 50 ASHBY ROAD, MOIRA, SWADLINCOTE, DE12 6DJ.
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
Fixtures & fittings
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill amortised over its useful economic life of 20 years.
4
Intangible fixed assets
Goodwill
Charge for the year
12,500
Oakleigh Residential Home Limited
Notes to the Accounts
for the year ended 30 April 2020
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2019
7,134
40,373
47,507
Additions
33,513
6,410
39,923
At 30 April 2020
40,647
46,783
87,430
At 1 May 2019
5,604
28,397
34,001
Charge for the year
8,761
4,596
13,357
At 30 April 2020
14,365
32,993
47,358
At 30 April 2020
26,282
13,790
40,072
At 30 April 2019
1,530
11,976
13,506
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
20,562
20,376
Other creditors
1,500
1,200
Loans from directors
74,686
107,699
Deferred income
20,277
11,000
7
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
10,000
10,000
The business property is owned by the directors and charged rent of £16,800 (2019: £16,800) for the year.
9
Average number of employees
During the year the average number of employees was 32 (2019: 29).
