Cherrywood Care Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10174135 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Cherrywood Care Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M. Davies

Mrs N.E. Morgan

Mrs S Y Mason

REGISTERED OFFICE:

Suite 13

Bridge Innovation Centre

Pembroke Dock

Pembrokeshire

SA72 6UN

REGISTERED NUMBER:

10174135 (England and Wales)

FIXED ASSETS

Intangible assets

4

53,334

73,334

Tangible assets

5

1,170,903

1,183,299

1,224,237

1,256,633

CURRENT ASSETS

Debtors

172,871

99,933

Cash in hand

69

443

172,940

100,376

CREDITORS

Amounts falling due within one year

110,972

56,976

NET CURRENT ASSETS

61,968

43,400

TOTAL ASSETS LESS CURRENT LIABILITIES

1,286,205

1,300,033

CREDITORS

Amounts falling due after more than one year

6

1,183,953

1,297,455

NET ASSETS

102,252

2,578

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

102,250

2,576

SHAREHOLDERS' FUNDS

102,252

2,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 16 December 2019 and were signed on its behalf by:

M. Davies - Director

Mrs N.E. Morgan - Director

Mrs S Y Mason - Director

1.	STATUTORY INFORMATION

Cherrywood 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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.

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

-

15% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 58 (2018 - 50 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

and 31 March 2019

100,000

AMORTISATION

At 1 April 2018

26,666

Amortisation for year

20,000

At 31 March 2019

46,666

NET BOOK VALUE

At 31 March 2019

53,334

At 31 March 2018

73,334

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

1,203,897

Additions

17,930

At 31 March 2019

1,221,827

DEPRECIATION

At 1 April 2018

20,598

Charge for year

30,326

At 31 March 2019

50,924

NET BOOK VALUE

At 31 March 2019

1,170,903

At 31 March 2018

1,183,299

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.19

31.3.18

£

£

Repayable by instalments

Bank loans more 5 years

1,076,331

1,142,833

7.

CONTROL

The Company is controlled by Dale Roads Group Ltd by virtue of their 100% investment in the issued share

capital of the company.