Sihara Care Limited - Accounts

Sihara Care Limited - Accounts

SIHARA CARE LIMITED - Company Information

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Registered Number: 07943259
England and Wales

 

 

 

SIHARA CARE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

Sihara Care Limited
Contents Page
For the year ended 31 December 2022
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Intangible fixed assets 3 315,000    315,000 
Tangible fixed assets 4 5,668    7,562 
320,668    322,562 
Current assets      
Debtors 161,118    191,465 
Cash at bank and in hand 17,858    45,937 
178,976    237,402 
Creditors: amount falling due within one year (334,016)   (414,863)
Net current liabilities (155,040)   (177,461)
 
Total assets less current liabilities 165,628    145,101 
Provisions for liabilities (3,523)   (150)
Net assets 162,105    144,951 
 

Capital and reserves 		     
Called up share capital 5 100    100 
General Reserves 6 144,851    0 
Profit and loss account 17,154    144,851 
Shareholder's funds 162,105    144,951 
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 13 November 2023 and were signed on its behalf by:


-------------------------------
Zwelithini Ncube
Director
1
General Information
Sihara Care Limited is a private company, limited by shares, registered in England and Wales, registration number 07943259, registration address Office 105-106, Osram Road, Wembley, Middlesex, HA9 7NG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 5 Straight Line
Computer Equipment 3 Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 56 (2021 : 66).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2022 -    - 
Additions 315,000    315,000 
Disposals -    - 
At 31 December 2022 315,000    315,000 
Amortisation
At 01 January 2022 -    - 
Charge for year -    - 
On disposals -    - 
At 31 December 2022 -    - 
Net book values
At 31 December 2022 315,000    315,000 
At 31 December 2021 -    - 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 January 2022 2,050    8,455    10,505 
Additions -    1,557    1,557 
Disposals -    -    - 
At 31 December 2022 2,050    10,012    12,062 
Depreciation
At 01 January 2022 1,299    1,644    2,943 
Charge for year 170    3,281    3,451 
On disposals -    -    - 
At 31 December 2022 1,469    4,925    6,394 
Net book values
Closing balance as at 31 December 2022 581    5,087    5,668 
Opening balance as at 01 January 2022 751    6,811    7,562 


5.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

6.

General Reserves

2022
£		   2021
£
General Reserve b/fwd 144,851    0 
144,851    0 

2