Objective Care Limited - Accounts to registrar (filleted) - small 23.1

Objective Care Limited - Accounts to registrar (filleted) - small 23.1

OBJECTIVE CARE LIMITED - Company Information

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REGISTERED NUMBER: 06177605 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

FOR

OBJECTIVE CARE LIMITED
Param & Company Ltd
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB








OBJECTIVE CARE LIMITED (REGISTERED NUMBER: 06177605)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


OBJECTIVE CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTOR: N Pragashparan





SECRETARY: Ms T Pragashpran





REGISTERED OFFICE: 1st Floor, 44-50 The Broadway
Southall
Middlesex
UB1 1QB





REGISTERED NUMBER: 06177605 (England and Wales)





ACCOUNTANTS: Param & Company Ltd
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB
Page 1
OBJECTIVE CARE LIMITED (REGISTERED NUMBER: 06177605)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JULY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,527 31,683
Investment property 5 855,477 855,477
884,004 887,160

CURRENT ASSETS
Debtors 164,891 178,768
Cash at bank and in hand 119,289 201,681
284,180 380,449
CREDITORS
Amounts falling due within one year 524,231 735,072
NET CURRENT LIABILITIES (240,051 ) (354,623 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
643,953
532,537

CREDITORS
Amounts falling due after more than one
year
38,886
48,432
NET ASSETS 605,067 484,105

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 604,067 483,105
605,067 484,105

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 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 Statement of Financial Position for the year ended 31 July 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 notes form part of these financial statements

Page 2 continued...
OBJECTIVE CARE LIMITED (REGISTERED NUMBER: 06177605)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2022



The financial statements were approved by the director and authorised for issue on 28 April 2023 and were signed by:





N Pragashparan - Director


The notes form part of these financial statements

Page 3
OBJECTIVE CARE LIMITED (REGISTERED NUMBER: 06177605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1. STATUTORY INFORMATION

Objective Care 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Equal inst over the period of lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

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 16 (2021 - 13 ) .

Page 4 continued...
OBJECTIVE CARE LIMITED (REGISTERED NUMBER: 06177605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2021
and 31 July 2022 74,171
DEPRECIATION
At 1 August 2021 42,488
Charge for year 3,156
At 31 July 2022 45,644
NET BOOK VALUE
At 31 July 2022 28,527
At 31 July 2021 31,683

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2021
and 31 July 2022 855,477
NET BOOK VALUE
At 31 July 2022 855,477
At 31 July 2021 855,477

Page 5