All Saints Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07083679 (England and Wales)

ALL SAINTS CARE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P J Gallagher

REGISTERED OFFICE:

27A Lidget Hill

Pudsey

Leeds

West Yorkshire

LS28 7LG

REGISTERED NUMBER:

07083679 (England and Wales)

AUDITORS:

Broadhead Peel Rhodes Limited

Statutory Auditors

Leeds

West Yorkshire

LS28 7LG

BANKERS:

Yorkshire Bank PLC

14 Broadway

Bradford

West Yorkshire

BD1 1EZ

FIXED ASSETS

Tangible assets

4

43,168

46,242

CURRENT ASSETS

Debtors

5

880,624

593,338

Cash at bank and in hand

330,219

202,121

1,210,843

795,459

CREDITORS

Amounts falling due within one year

6

1,373,494

1,299,760

NET CURRENT LIABILITIES

(162,651

)

(504,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(119,483

)

(458,059

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(119,484

)

(458,060

)

SHAREHOLDERS' FUNDS

(119,483

)

(458,059

)

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 director and authorised for issue on 25 March 2021 and were signed by:

A P J Gallagher - Director

1.	STATUTORY INFORMATION

All Saints 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis which the director considers to be appropriate for the following reasons;

The going concern assumption is based on the continued support from the parent company, Anlaby Office Cleaning Services Limited. The director of Anlaby Office Cleaning Services Limited has indicated that the company will continue to support All Saints Care Limited for the foreseeable future.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future.

In the annual review of the company's going concern the director has considered the long-term impact of the corona virus, COVID-19 pandemic and financial support available from the government and local councils.

The company currently has an inadequate rating from the Care Quality Commission (CQC) for the care home and respite centre we operate.

The director and newly appointed senior management have worked quickly through the list of recommendations required by the CQC. We have appointed external consultants to carry out an internal audit to ensure we are compliant and we have requested an early reinspection by the CQC with a view to having the inadequate rating removed.

If we were to receive another inadequate rating, there is a risk we may receive a wide range of sanctions that would impair our ability to operate at current occupancy rates, but at the date of approval of these financial statements the director has reasons to be optimistic.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Turnover

Turnover is measured as the consideration specified in a contract with a customer and is recognised when control of a product or service is transferred to the customer. Every resident has an individual contract that specifies the service being provided and the transaction price.

The income is recognised when the provision of care is provided to the customer, over the period of the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at the transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 104 (2019 - 89 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

64,354

Additions

4,335

At 31 March 2020

68,689

DEPRECIATION

At 1 April 2019

18,112

Charge for year

7,409

At 31 March 2020

25,521

NET BOOK VALUE

At 31 March 2020

43,168

At 31 March 2019

46,242

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

(Unaudited)

£

£

Trade debtors

357,422

85,204

Other debtors

523,202

508,134

880,624

593,338

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

(Unaudited)

£

£

Trade creditors

32,070

51,510

Amounts owed to group undertakings

659,727

921,785

Taxation and social security

12,270

15,915

Other creditors

669,427

310,550

1,373,494

1,299,760

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2020

2019

(Unaudited)

£

£

Within one year

270

539

Between one and five years

-

270

270

809

8.	SECURED DEBTS

The bank holds a fixed and floating charge over all the assets of the company

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Garrity ACA FCCA (Senior Statutory Auditor)

for and on behalf of Broadhead Peel Rhodes Limited

10.	RELATED PARTY DISCLOSURES

The company rents its care home and respite centre from its parent company Anlaby Office Cleaning Services Limited on a long term lease.

11.	ULTIMATE PARENT COMPANY

Anlaby Office Cleaning Services Limited is regarded by the director as being the company's ultimate parent company.

12.

COVID-19

The accounts for the year to 31 March 2020 have not been significantly impacted by the Covid-19 pandemic.

Following the governments announcement of UK lockdown in late March 2020, the company was aware that the business would be significantly affected by the lockdown going forward.

Whilst it is not possible, at this stage, to accurately estimate the financial impacts of the pandemic, the director notes at the date of approval of these financial statements, occupancy in the care home remains high and some costs, in particular personal protective equipment and staff and agency costs, have increased.

However, the company received local and national government grants to ensure our working capital was not significantly compromised, and we continue to monitor our business for potential impacts and to manage the associated risks.