All Saints Care Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07083679 (England and Wales)

ALL SAINTS CARE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P J Gallagher

REGISTERED OFFICE:

Glenewes House

Gate Way Drive

Yeadon

Leeds

West Yorkshire

LS19 7XY

REGISTERED NUMBER:

07083679 (England and Wales)

AUDITORS:

BPR Audit Limited

Statutory Auditors

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

BANKERS:

Virgin Money

14 Broadway

Bradford

West Yorkshire

BD1 1EZ

FIXED ASSETS

Tangible assets

4

34,477

40,561

CURRENT ASSETS

Debtors

5

1,023,280

1,157,165

Cash at bank and in hand

554,210

437,461

1,577,490

1,594,626

CREDITORS

Amounts falling due within one year

6

1,457,917

1,593,664

NET CURRENT ASSETS

119,573

962

TOTAL ASSETS LESS CURRENT LIABILITIES

154,050

41,523

PROVISIONS FOR LIABILITIES

5,900

6,913

NET ASSETS

148,150

34,610

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

148,149

34,609

SHAREHOLDERS' FUNDS

148,150

34,610

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 13 December 2022 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.

Material Uncertainty relating to 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 financial support available from the government and local councils.

The Care Quality Commission (CQC) has rated the care home we operate as 'Requires Improvement' and the respite centre as 'Good'. This shows continued improvement on previous ratings.

At the date of approval the company has exchanged contracts to buy the care home and respite centre from its parent company. The parent company has also exchanged contracts to sell the company to a third party. The company will still continue to operate.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 section 1A requires the director to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. These estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectation of future events. However the nature of estimation means that actual results may differ from these estimates.

Key sources of estimation uncertainty

Determining appropriate rates of depreciation requires an estimation of the useful lives and expected residual values of fixed assets. The net carrying amount of assets is £34,477 (2021: £40,561). During the year depreciation of £6,084 (2021: £6,759) has been provided.

Turnover

Revenue is recognised by 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.

Revenue 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.

Government grants

The company receives local and national government support grants. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 84 (2021 - 100 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

72,841

DEPRECIATION

At 1 April 2021

32,280

Charge for year

6,084

At 31 March 2022

38,364

NET BOOK VALUE

At 31 March 2022

34,477

At 31 March 2021

40,561

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

171,348

300,970

Other debtors

851,932

856,195

1,023,280

1,157,165

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

123,914

100,592

Amounts owed to group undertakings

638,037

620,226

Taxation and social security

39,829

15,697

Other creditors

656,137

857,149

1,457,917

1,593,664

7.	SECURED DEBTS

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

8.	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 BPR Audit Limited

9.	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.

10.	POST BALANCE SHEET EVENTS

At the date of approval the company has exchanged contracts to buy the care home and respite centre from its parent company. The parent company has also exchanged contracts to sell the company to a third party.

11.	ULTIMATE PARENT COMPANY

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