3A CARE (BROMSGROVE) LIMITED - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 10962185 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2022

for

3A CARE (BROMSGROVE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C Patel

S A Hussain

S A Hussain

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

10962185 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

2,775,084

2,777,712

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

73,795

361,021

Cash at bank and in hand

288,059

418,379

363,854

781,400

CREDITORS

Amounts falling due within one year

6

343,888

468,615

NET CURRENT ASSETS

19,966

312,785

TOTAL ASSETS LESS CURRENT LIABILITIES

2,795,050

3,090,497

CREDITORS

Amounts falling due after more than one year

7

(1,611,092

)

(2,123,433

)

PROVISIONS FOR LIABILITIES

10

(3,070

)

(1,279

)

NET ASSETS

1,180,888

965,785

CAPITAL AND RESERVES

Called up share capital

11

30

30

Retained earnings

1,180,858

965,755

SHAREHOLDERS' FUNDS

1,180,888

965,785

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 April 2023 and were signed on its behalf by:

A C Patel - Director

1.	STATUTORY INFORMATION

3A CARE (BROMSGROVE) 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 fees receivable.

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

-

12.5% on reducing balance

Fixtures and fittings

-

25% on reducing balance

It is the opinion that the value of the freehold property does not diminish over time and that departing from the relevant accounting standard presents a truer view.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2021 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 August 2021

2,625,573

174,427

28,180

2,828,180

Additions

-

-

24,951

24,951

At 31 July 2022

2,625,573

174,427

53,131

2,853,131

DEPRECIATION

At 1 August 2021

-

40,880

9,588

50,468

Charge for year

-

16,693

10,886

27,579

At 31 July 2022

-

57,573

20,474

78,047

NET BOOK VALUE

At 31 July 2022

2,625,573

116,854

32,657

2,775,084

At 31 July 2021

2,625,573

133,547

18,592

2,777,712

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade debtors

43,295

51,021

Other debtors

30,500

310,000

73,795

361,021

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade creditors

63,894

59,661

Tax

117,289

121,065

Social security and other taxes

8,880

7,199

Directors' current accounts

143,890

280,000

Accrued expenses

9,935

690

343,888

468,615

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.22

31.7.21

£

£

Bank loans (see note 8)

1,011,312

1,072,243

Directors' loan accounts

599,780

1,051,190

1,611,092

2,123,433

8.

LOANS

An analysis of the maturity of loans is given below:

31.7.22

31.7.21

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,011,312

1,072,243

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.22

31.7.21

£

£

Bank loans

1,011,312

1,072,243

Bank borrowings are secured by way of a fixed charge over the freehold property together with a floating charge over the company's assets.

10.	PROVISIONS FOR LIABILITIES

31.7.22

31.7.21

£

£

Deferred tax

Accelerated capital allowances

3,070

1,279

Deferred

tax

£

Balance at 1 August 2021

1,279

Provided during year

1,791

Balance at 31 July 2022

3,070

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.22

31.7.21

value:

£

£

1

Ordinary

£1

30

30

12.	RELATED PARTY DISCLOSURES

1) During the year the company provided loans totalling £12,000 to UK limited companies under common control and ownership. The balance due from these companies at the year end amounted to £30,500 (2021: £310,000).

2) During the year, it was agreed that the managing director would get additional remuneration to reflect his management time. A provision of £8,000 has been made at the year end.

13.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the directors by virtue of their controlling shareholdings.