Holisticare Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05840781 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

HOLISTICARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Robinson

REGISTERED OFFICE:

Brook View,

Town Farm

Hatfield Broad Oak

Bishops Stortford

Hertfordshire

CM22 7LF

REGISTERED NUMBER:

05840781 (England and Wales)

ACCOUNTANTS:

Allium Wood Limited

Chartered Certified Accountants

The Chestnuts

Brewers End

Takeley

Essex

CM22 6QJ

FIXED ASSETS

Tangible assets

4

3,186

3,985

CURRENT ASSETS

Debtors

5

5,014

5,072

Cash at bank

212,515

224,336

217,529

229,408

CREDITORS

Amounts falling due within one year

6

14,706

18,787

NET CURRENT ASSETS

202,823

210,621

TOTAL ASSETS LESS CURRENT LIABILITIES

206,009

214,606

PROVISIONS FOR LIABILITIES

607

758

NET ASSETS

205,402

213,848

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

205,401

213,847

SHAREHOLDERS' FUNDS

205,402

213,848

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 2 August 2021 and were signed by:

N Robinson - Director

1.	STATUTORY INFORMATION

Holisticare 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 presentation currency is £ sterling.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Grants that become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised in income in the period which they become receivable.

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.

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 5 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2020

9,135

4,898

4,604

18,637

Additions

-

-

420

420

Disposals

-

-

(897

)

(897

)

At 31 March 2021

9,135

4,898

4,127

18,160

DEPRECIATION

At 1 April 2020

7,151

3,394

4,107

14,652

Charge for year

496

376

144

1,016

Eliminated on disposal

-

-

(694

)

(694

)

At 31 March 2021

7,647

3,770

3,557

14,974

NET BOOK VALUE

At 31 March 2021

1,488

1,128

570

3,186

At 31 March 2020

1,984

1,504

497

3,985

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

2,660

3,815

Other debtors

2,354

1,257

5,014

5,072

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

39

78

Taxation and social security

1,451

2,978

Other creditors

13,216

15,731

14,706

18,787

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

N Robinson

Balance outstanding at start of year

-

20,856

Amounts repaid

-

(20,856

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest was charged on the loan at a rate of 2.50% per annum.

8.	POST BALANCE SHEET EVENTS

Since the year end, the Coronavirus (COVID-19) continues to have a significant impact on businesses worldwide. As a result, some business operations have been restricted, however the company continues to operate using alternative methods and remote working.

The director is unable to evaluate the overall financial impact on the business at present. Hence financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The director is continuing to monitor, assess and act to the current changing environment in order to position the company to ensure its future success.