Brooklands Care Limited Filleted accounts for Companies House (small and micro)

BROOKLANDS CARE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06009317

Brooklands Care Limited

Filleted Unaudited Financial Statements

30 November 2020

Brooklands Care Limited

Statement of Financial Position

30 November 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	6		40,666	50,374

Current assets

Debtors	7	110,166	67,662
Cash at bank and in hand		92,221	88,500
		---------	---------
		202,387	156,162

Creditors: amounts falling due within one year	8	94,250		81,614
		---------		---------
Net current assets			108,137	74,548
			---------	---------
Total assets less current liabilities			148,803	124,922

Provisions

Taxation including deferred tax	7,727	8,997
	---------	---------
Net assets	141,076	115,925
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	140,976	115,825
	---------	---------
Shareholders funds	141,076	115,925
	---------	---------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Brooklands Care Limited

Statement of Financial Position (continued)

30 November 2020

These financial statements were approved by the board of directors and authorised for issue on 20 August 2021 , and are signed on behalf of the board by:

R Bird Esq
Director

Company registration number: 06009317

Brooklands Care Limited

Notes to the Financial Statements

Year ended 30 November 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Brockhurst Road, Gosport, Hampshire, PO12 3DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

No significant judgements have been made by the director in preparing these financial statements.

Revenue recognition

Turnover represents the value of services supplied in the period, net of any discounts given.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment, furniture & fittings	-	25% straight line
Motor vehicles	-	25% straight line
Lasehold property	-	10 % straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2019: 11 ).

5. Tax on profit

Major components of tax expense

	2020	2019
	£	£

Current tax:

UK current tax expense	19,792	14,214

Deferred tax:

Origination and reversal of timing differences	( 1,271)	( 2,086)
	--------	--------
Tax on profit	18,521	12,128
	--------	--------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Leasehold property	Total
	£	£	£	£
Cost
At 1 December 2019	69,245	15,000	75,793	160,038
Additions	527	–	–	527
Disposals	( 4,755)	–	–	( 4,755)
	--------	--------	--------	---------
At 30 November 2020	65,017	15,000	75,793	155,810
	--------	--------	--------	---------
Depreciation
At 1 December 2019	66,985	11,750	30,929	109,664
Charge for the year	1,451	1,625	7,160	10,236
Disposals	( 4,756)	–	–	( 4,756)
	--------	--------	--------	---------
At 30 November 2020	63,680	13,375	38,089	115,144
	--------	--------	--------	---------
Carrying amount
At 30 November 2020	1,337	1,625	37,704	40,666
	--------	--------	--------	---------
At 30 November 2019	2,260	3,250	44,864	50,374
	--------	--------	--------	---------

7. Debtors

	2020	2019
	£	£
Other debtors	110,166	67,662
	---------	--------

8. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	980	–
Corporation tax	19,792	15,050
Social security and other taxes	919	–
Other creditors	72,559	66,564
	--------	--------
	94,250	81,614
	--------	--------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2020
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
R Bird Esq	( 31,249)	( 2,967)	( 34,216)
Mrs D Bird	( 31,248)	( 2,968)	( 34,216)
	--------	-------	--------
	( 62,497)	( 5,935)	( 68,432)
	--------	-------	--------

	2019
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
R Bird Esq	( 25,671)	( 5,578)	( 31,249)
Mrs D Bird	( 25,671)	( 5,577)	( 31,248)
	--------	--------	--------
	( 51,342)	( 11,155)	( 62,497)
	--------	--------	--------

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2020	2019	2020	2019
	£	£	£	£
Brooklands Homes South Coast Limited	36,562	–	96,520	60,000
Mr and Mrs Bird	42,000	42,000	–	–
Brooklands Domicilary Care Limited	25	5,000	5,025	5,000
	--------	--------	--------	--------

Brooklands Homes South Coast Limted and Brooklands Domicilary Limited are under the control of the directors Mr and Mrs Bird