Headstart Residential Care Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10025803 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

HEADSTART RESIDENTIAL CARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms N I Dann

Mrs C D Melia

REGISTERED OFFICE:

1 Swan Wood Park

Gun Hill

Horam

East Sussex

TN21 0LL

REGISTERED NUMBER:

10025803 (England and Wales)

ACCOUNTANTS:

Aequitas Limited

1 Swan Wood Park

Gun Hill

Horam

East Sussex

TN21 0LL

FIXED ASSETS

Tangible assets

4

372,631

144,637

CURRENT ASSETS

Debtors

5

166,005

254,054

Cash at bank and in hand

279,461

263,172

445,466

517,226

CREDITORS

Amounts falling due within one year

6

114,949

151,298

NET CURRENT ASSETS

330,517

365,928

TOTAL ASSETS LESS CURRENT LIABILITIES

703,148

510,565

CREDITORS

Amounts falling due after more than one year

7

38,439

50,212

NET ASSETS

664,709

460,353

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

664,708

460,352

664,709

460,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2022 and were signed on its behalf by:

Ms N I Dann - Director

1.	STATUTORY INFORMATION

Headstart Residential Care Ltd 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current taxation . Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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 46 (2021 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2021

60,624

98,035

49,498

-

208,157

Additions

101,480

161,288

9,500

8,303

280,571

At 28 February 2022

162,104

259,323

58,998

8,303

488,728

DEPRECIATION

At 1 March 2021

-

37,088

26,432

-

63,520

Charge for year

-

41,668

8,141

2,768

52,577

At 28 February 2022

-

78,756

34,573

2,768

116,097

NET BOOK VALUE

At 28 February 2022

162,104

180,567

24,425

5,535

372,631

At 28 February 2021

60,624

60,947

23,066

-

144,637

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Trade debtors

137,856

215,208

Other debtors

28,149

38,846

166,005

254,054

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

5,106

5,106

Trade creditors

27,686

16,756

Taxation and social security

45,207

95,752

Other creditors

26,950

23,684

114,949

151,298

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans

33,333

40,000

Hire purchase contracts

5,106

10,212

38,439

50,212