Mulberry Care Group Limited - Filleted accounts

Mulberry Care Group Limited - Filleted accounts

MULBERRY CARE GROUP LIMITED - Company Information

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Mulberry Care Group Limited
Registered number: 08661482
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 61,907 61,907
Current assets
Debtors 2 185,427 169,759
Cash at bank and in hand - 31,838
185,427 201,597
Creditors: amounts falling due within one year 3 (194,681) (216,718)
Net current liabilities (9,254) (15,121)
Net liabilities (9,254) (15,121)
Net Assets 52,653 46,786
Capital and reserves
Called up share capital 100 100
Profit and loss account 52,553 46,686
Shareholder's funds 52,653 46,786
Average number of employees 0 0
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Satbir Singh Ahluwalia
Director
Approved by the board on 20 December 2023
Mulberry Care Group Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised when received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, fixtures and fittings 20% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Tangible fixed assets
Freehold property
£
Cost
At 1 April 2022 61,907
At 31 March 2023 61,907
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 61,907
At 31 March 2022 61,907
2 Debtors 2023 2022
£ £
Related party balances 181,427 165,759
Other debtors 4,000 4,000
185,427 169,759
3 Creditors: amounts falling due within one year 2023 2022
£ £
Director's current account (14,383) 930
Related party balances 196,737 202,737
Corporation tax 12,327 10,951
Other creditors and accruals - 2,100
194,681 216,718
4 Related party transactions 2023 2022
£ £
Life Care Corporation Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Life Care Corporation Limited.
An interest free and unsecured loan to and by Life Care Corporation Limited yet to be reimbursed to and by the company.
Amount due from and to the related party 33,814 24,162
Sat Bir Asset Holdings Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Sat Bir Asset Holdings Limited.
An interest free and unsecured loan to Sat Bir Asset Holdings Limited yet to be reimbursed to the company.
Amount due from the related party 85,211 79,413
Vogue Assets Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Vogue Assets Limited.
An interest free and unsecured loan to Vogue Assets Limited yet to be reimbursed to the company.
Amount due from the related party 7,000 7,000
Lifetime Care Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Lifetime Care Limited.
An interest free and unsecured loan by Lifetime Care Limited yet to be reimbursed by the company.
Amount due to the related party 10,300 10,300
Mulberry Care Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Mulberry Care Limited.
An interest free and unsecured loan by Mulberry Care Limited yet to be reimbursed by the company.
Amount due to the related party 149,432 147,191
Sudaj Ltd
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Sudaj Ltd.
An interest free and unsecured loan by Sudaj Ltd yet to be reimbursed by the company.
5 Amount due to the related party 17,000 20,000
Protégé Corporation Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Protégé Corporation Limited.
An interest free and unsecured loan by Protégé Corporation Limited yet to be reimbursed by the company.
Amount due to the related party 2,030 3,492
The director controls the company.
6 Other information
Mulberry Care Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
Keyers Bridge House
Wokingham Road
Hurst
Reading
Berkshire RG10 0RU
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