Imperial Care Services Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10064165 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

IMPERIAL CARE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

Mr Poorun Bhugooa

REGISTERED OFFICE:

39 Mitcham Park

Mitcham

CR4 4EP

REGISTERED NUMBER:

10064165 (England and Wales)

ACCOUNTANTS:

Hayford & Co

Chartered Certified Accountants

27 Avenons Road

London

E13 8HU

FIXED ASSETS

Intangible assets

4

50,000

60,000

Tangible assets

5

635,864

637,753

685,864

697,753

CURRENT ASSETS

Debtors

6

1,488

1,579

Cash at bank and in hand

33,394

83,398

34,882

84,977

CREDITORS

Amounts falling due within one year

7

230,018

248,695

NET CURRENT LIABILITIES

(195,136

)

(163,718

)

TOTAL ASSETS LESS CURRENT LIABILITIES

490,728

534,035

CREDITORS

Amounts falling due after more than one year

8

358,507

399,861

NET ASSETS

132,221

134,174

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

132,220

134,173

SHAREHOLDERS' FUNDS

132,221

134,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 20 March 2023 and were signed by:

Mr Poorun Bhugooa - Director

1.	STATUTORY INFORMATION

Imperial Care Services 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.

Turnover

Turnover represents gross invoiced sales of services, including value added tax. The total turnover of the company for the year has been derived from the provision of services falling within the company's principal activities.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, 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.

Freehold property

-

not provided

Fixtures and fittings

-

25% on reducing balance

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.

Freehold property

No provision is made for depreciation of Freehold properties. This is a departure from the requirements of the Regulations, which require all properties to be depreciated, is in the opinion of the Directors, this is necessary for Financial Statement to show a true and fair view in accordance with applicable accounting standards. If this departure had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

100,000

AMORTISATION

At 1 April 2021

40,000

Charge for year

10,000

At 31 March 2022

50,000

NET BOOK VALUE

At 31 March 2022

50,000

At 31 March 2021

60,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST

At 1 April 2021

622,132

11,800

11,362

645,294

Additions

-

-

722

722

At 31 March 2022

622,132

11,800

12,084

646,016

DEPRECIATION

At 1 April 2021

-

1,180

6,361

7,541

Charge for year

-

1,180

1,431

2,611

At 31 March 2022

-

2,360

7,792

10,152

NET BOOK VALUE

At 31 March 2022

622,132

9,440

4,292

635,864

At 31 March 2021

622,132

10,620

5,001

637,753

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

1,488

1,579

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

31,612

21,870

Trade creditors

7,433

7,434

Taxation and social security

15,349

35,460

Other creditors

175,624

183,931

230,018

248,695

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

358,507

399,861

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.22

31.3.21

£

£

Bank loans

390,119

421,731

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

1

Ordinary share

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 April 2021

134,173

Deficit for the year

(1,953

)

At 31 March 2022

132,220

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet the date, the company owed its director £41,000 (2021 : £44,000).

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Imperial Care Services Limited for the year ended 31 March 2022 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Imperial Care Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Imperial Care Services Limited and state those matters that we have agreed to state to the director of Imperial Care Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Imperial Care Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Imperial Care Services Limited. You consider that Imperial Care Services 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 financial statements of Imperial Care Services 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 financial statements.

Hayford & Co

Chartered Certified Accountants

27 Avenons Road

London

E13 8HU

21 March 2023