Oakwood Care Centre Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09440828 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

OAKWOOD CARE CENTRE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Ahmed

REGISTERED OFFICE:

1st Floor , 44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

REGISTERED NUMBER:

09440828 (England and Wales)

ACCOUNTANTS:

Param & Company Ltd

1st Floor

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

FIXED ASSETS

Intangible assets

4

54,925

59,150

Tangible assets

5

2,889

3,660

57,814

62,810

CURRENT ASSETS

Debtors

26,443

2,004

Cash at bank and in hand

42,625

62,962

69,068

64,966

CREDITORS

Amounts falling due within one year

138,048

141,886

NET CURRENT LIABILITIES

(68,980

)

(76,920

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,166

)

(14,110

)

CREDITORS

Amounts falling due after more than one year

33,263

50,000

NET LIABILITIES

(44,429

)

(64,110

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(44,529

)

(64,210

)

(44,429

)

(64,110

)

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 March 2023 and were signed by:

Ms N Conhye - Director

1.	STATUTORY INFORMATION

Oakwood Care Centre 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 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 2015, is being amortised evenly over its estimated useful life of twenty 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.

5% Straight Line Method

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

-

20% on cost

Fixtures and fittings

-

20% 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.

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 year was 21 (2021 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

84,500

AMORTISATION

At 1 April 2021

25,350

Amortisation for year

4,225

At 31 March 2022

29,575

NET BOOK VALUE

At 31 March 2022

54,925

At 31 March 2021

59,150

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

6,829

DEPRECIATION

At 1 April 2021

3,169

Charge for year

771

At 31 March 2022

3,940

NET BOOK VALUE

At 31 March 2022

2,889

At 31 March 2021

3,660