Nobilis Care West Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05100079 (England and Wales)

Unaudited Financial Statements

for the Period 1 February 2021 to 30 January 2022

for

Nobilis Care West Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

D E Watt

C Tiryakioglu

N Barker

M Jennings

REGISTERED OFFICE:

Office 4

219 Kensington High Street

London

W8 6BD

REGISTERED NUMBER:

05100079 (England and Wales)

ACCOUNTANTS:

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Intangible assets

4

516,628

478,719

Tangible assets

5

23,585

37,228

540,213

515,947

CURRENT ASSETS

Debtors

6

2,836,569

1,730,641

Cash at bank

43,440

58,523

2,880,009

1,789,164

CREDITORS

Amounts falling due within one year

7

1,887,812

1,785,013

NET CURRENT ASSETS

992,197

4,151

TOTAL ASSETS LESS CURRENT LIABILITIES

1,532,410

520,098

PROVISIONS FOR LIABILITIES

5,896

7,073

NET ASSETS

1,526,514

513,025

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,526,414

512,925

1,526,514

513,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 January 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2023 and were signed on its behalf by:

D E Watt - Director

1.	STATUTORY INFORMATION

Nobilis Care West 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest £.

The accounts represent the company as an individual entity.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 359 (2021 - 358 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2021

485,629

Additions

242,864

Reclassification/transfer

(148,417

)

At 30 January 2022

580,076

AMORTISATION

At 1 February 2021

6,910

Charge for period

56,538

At 30 January 2022

63,448

NET BOOK VALUE

At 30 January 2022

516,628

At 31 January 2021

478,719

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2021

3,909

40,930

44,839

Additions

991

828

1,819

At 30 January 2022

4,900

41,758

46,658

DEPRECIATION

At 1 February 2021

776

6,835

7,611

Charge for period

1,606

13,856

15,462

At 30 January 2022

2,382

20,691

23,073

NET BOOK VALUE

At 30 January 2022

2,518

21,067

23,585

At 31 January 2021

3,133

34,095

37,228

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.1.22

31.1.21

£

£

Trade debtors

556,576

234,491

Amounts owed by group undertakings

1,946,142

823,666

Other debtors

333,851

672,484

2,836,569

1,730,641

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.1.22

31.1.21

£

£

Trade creditors

45,431

550,245

Amounts owed to group undertakings

161,551

-

Taxation and social security

840,583

373,521

Other creditors

840,247

861,247

1,887,812

1,785,013

8.	SECURED DEBTS

The company's bank, HSBC, hold a fixed and floating charge over all assets.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director £225,672 (2021 - £310,798).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 January 2022 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

Date: .............................................