3A CARE (BROMSGROVE) LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10962185 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2021

for

3A CARE (BROMSGROVE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C Patel

S A Hussain

S A Hussain

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

10962185 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

2,777,712

2,788,369

CURRENT ASSETS

Stocks

2,000

1,500

Debtors

5

361,021

25,020

Cash at bank and in hand

418,379

303,477

781,400

329,997

CREDITORS

Amounts falling due within one year

6

468,615

453,161

NET CURRENT ASSETS/(LIABILITIES)

312,785

(123,164

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,090,497

2,665,205

CREDITORS

Amounts falling due after more than one year

7

(2,123,433

)

(2,218,269

)

PROVISIONS FOR LIABILITIES

10

(1,279

)

(719

)

NET ASSETS

965,785

446,217

CAPITAL AND RESERVES

Called up share capital

11

30

30

Retained earnings

965,755

446,187

SHAREHOLDERS' FUNDS

965,785

446,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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.

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 25 May 2022 and were signed on its behalf by:

A C Patel - Director

1.	STATUTORY INFORMATION

3A CARE (BROMSGROVE) 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 represents fees receivable.

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

-

12.5% on reducing balance

Fixtures and fittings

-

25% on reducing balance

It is the opinion that the value of the freehold property does not diminish over time and that departing from the relevant accounting standard presents a truer view.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2020 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 August 2020

2,625,573

174,427

13,563

2,813,563

Additions

-

-

14,617

14,617

At 31 July 2021

2,625,573

174,427

28,180

2,828,180

DEPRECIATION

At 1 August 2020

-

21,803

3,391

25,194

Charge for year

-

19,077

6,197

25,274

At 31 July 2021

-

40,880

9,588

50,468

NET BOOK VALUE

At 31 July 2021

2,625,573

133,547

18,592

2,777,712

At 31 July 2020

2,625,573

152,624

10,172

2,788,369

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade debtors

51,021

25,020

Other debtors

310,000

-

361,021

25,020

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade creditors

59,661

60,422

Tax

121,065

103,942

Social security and other taxes

7,199

8,122

Directors' current accounts

280,000

280,000

Accrued expenses

690

675

468,615

453,161

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.21

31.7.20

£

£

Bank loans (see note 8)

1,072,243

674,377

Directors' loan accounts

1,051,190

1,543,892

2,123,433

2,218,269

8.

LOANS

An analysis of the maturity of loans is given below:

31.7.21

31.7.20

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,072,243

674,377

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.21

31.7.20

£

£

Bank loans

1,072,243

674,377

Bank borrowings are secured by way of a fixed charge over the freehold property together with a floating charge over the company's assets.

10.	PROVISIONS FOR LIABILITIES

31.7.21

31.7.20

£

£

Deferred tax

Accelerated capital allowances

1,279

719

Deferred

tax

£

Balance at 1 August 2020

719

Provided during year

560

Balance at 31 July 2021

1,279

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.21

31.7.20

value:

£

£

1

Ordinary

£1

30

30

12.	RELATED PARTY DISCLOSURES

During the year the company provided a loan totalling £310,000 to 3A Care (Solihull) Limited, a company under common control and ownership. The balance due at the year end amounted to £310,000.

13.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the directors by virtue of their controlling shareholdings.