Raveedha Care Limited - Accounts

Raveedha Care Limited - Accounts

RAVEEDHA CARE LIMITED - Company Information

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Registered Number: 04862539
England and Wales

 

 

 

RAVEEDHA CARE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

Raveedha Care Limited
Contents Page
For the year ended 31 December 2020
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Raveedha Care Limited for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Raveedha Care Limited for the year ended 31 December 2020 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of Raveedha Care Limited , as a body, in accordance with the terms of our engagement letter dated 13 September 2021. Our work has been undertaken solely to prepare for your approval the accounts of Raveedha Care Limited and state those matters that we have agreed to state to the Board of Directors of Raveedha Care Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Raveedha Care Limited and its Board of Directors as a body for our work or for this report
It is your duty to ensure that Raveedha Care Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Raveedha Care Limited. You consider that Raveedha Care Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Raveedha Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
T and K Accounting Group
69 Banstead Road
Carshalton
SM5 3NP
13 September 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Intangible fixed assets 254,743    325,576 
Tangible fixed assets 3,816,930    3,827,075 
4,071,673    4,152,651 
Current assets      
Stocks 4,500    4,250 
Debtors: amounts falling due within one year 53,021    37,543 
Cash at bank and in hand 187,464    198,882 
244,985    240,675 
Creditors: amount falling due within one year (431,298)   (661,722)
Net current liabilities (186,313)   (421,047)
 
Total assets less current liabilities 3,885,360    3,731,604 
Creditors: amount falling due after more than one year (535,813)   (588,462)
Net assets 3,349,547    3,143,142 
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account 3,348,547    3,142,142 
Shareholder's funds 3,349,547    3,143,142 
 


For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 13 September 2021 and were signed on its behalf by:


--------------------------------
Indra Rajeevan
Director
2
General Information
Raveedha Care Limited is a private company, limited by shares, registered in England and Wales, registration number 04862539, registration address Eastcotts Nursing Home, Calford Green, Kedington, Haver Hill, Suffolk, CB9 7UN

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 11 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15 Reducing Balance
Fixtures and Fittings 15 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

99
Average number of employees during the year was 99 (2019 : 95).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2020 850,000    850,000 
Additions -    - 
Disposals -    - 
At 31 December 2020 850,000    850,000 
Amortisation
At 01 January 2020 524,424    524,424 
Charge for year 70,833    70,833 
On disposals -    - 
At 31 December 2020 595,257    595,257 
Net book values
At 31 December 2020 254,743    254,743 
At 31 December 2019 325,576    325,576 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 January 2020 3,618,054    498,432    245,009    4,361,495 
Additions -    19,382    -    19,382 
Disposals -    -    -    - 
At 31 December 2020 3,618,054    517,814    245,009    4,380,877 
Depreciation
At 01 January 2020 -    285,761    243,378    529,139 
Charge for year -    34,808    -    34,808 
On disposals -    -    -    - 
At 31 December 2020 -    320,569    243,378    563,947 
Net book values
Closing balance as at 31 December 2020 3,618,054    197,245    1,631    3,816,930 
Opening balance as at 01 January 2020 3,618,054    212,671    (3,650)   3,827,075 


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