Ashfields Care Limited

Ashfields Care Limited

ASHFIELDS CARE LIMITED - Company Information

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1 October 2020 false No description of principal activity Taxfiler 2022.8.3 08923415business:PrivateLimitedCompanyLtd2020-10-012021-09-30 089234152020-09-30 089234152020-10-012021-09-30 08923415business:AuditExemptWithAccountantsReport2020-10-012021-09-30 08923415business:AbridgedAccounts2020-10-012021-09-30 089234152021-09-30 08923415business:Director12020-10-012021-09-30 08923415business:Director22020-10-012021-09-30 08923415business:RegisteredOffice2020-10-012021-09-30 089234152020-09-30 08923415core:WithinOneYear2021-09-30 08923415core:WithinOneYear2020-09-30 08923415core:AfterOneYear2021-09-30 08923415core:AfterOneYear2020-09-30 08923415core:ShareCapital2021-09-30 08923415core:ShareCapital2020-09-30 08923415core:SharePremium2021-09-30 08923415core:SharePremium2020-09-30 08923415core:RetainedEarningsAccumulatedLosses2021-09-30 08923415core:RetainedEarningsAccumulatedLosses2020-09-30 08923415business:SmallEntities2020-10-012021-09-30 08923415countries:EnglandWales2020-10-012021-09-30 08923415core:MotorVehicles2020-10-012021-09-30 08923415core:FurnitureFittings2020-10-012021-09-30 08923415core:ComputerEquipment2020-10-012021-09-30 089234152019-10-012020-09-30 iso4217:GBP xbrli:pure
Company Registration No. 08923415 (England and Wales)
Ashfields Care Limited Unaudited accounts for the year ended 30 September 2021
Ashfields Care Limited Unaudited accounts Contents
Page
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Ashfields Care Limited Company Information for the year ended 30 September 2021
Directors
Mr Conway Standing Mrs Sarah Standing
Company Number
08923415 (England and Wales)
Registered Office
321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT United Kingdom
Accountants
Add-itions Accountancy Solutions 321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT
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Ashfields Care Limited Statement of financial position as at 30 September 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
513,473 
552,971 
Tangible assets
5
4,610,359 
3,549,050 
5,123,832 
4,102,021 
Current assets
Inventories
2,000 
2,000 
Debtors
2,800,217 
2,779,511 
Cash at bank and in hand
51,365 
51,128 
2,853,582 
2,832,639 
Creditors: amounts falling due within one year
(687,072)
(429,387)
Net current assets
2,166,510 
2,403,252 
Total assets less current liabilities
7,290,342 
6,505,273 
Creditors: amounts falling due after more than one year
(4,230,125)
(3,427,664)
Provisions for liabilities
Deferred tax
(77,827)
(45,464)
Net assets
2,982,390 
3,032,145 
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Ashfields Care Limited Statement of financial position as at 30 September 2021 (continued)
Capital and reserves
Called up share capital
1 
1 
Share premium
2,669,999 
2,669,999 
Profit and loss account
312,390 
362,145 
Shareholders' funds
2,982,390 
3,032,145 
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2022 and were signed on its behalf by
Mr Conway Standing Director Company Registration No. 08923415
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Ashfields Care Limited Notes to the Accounts for the year ended 30 September 2021
1
Statutory information
Ashfields Care Limited is a private company, limited by shares, registered in England and Wales, registration number 08923415. The registered office is 321 Main Street, Calverton, Nottingham, Nottinghamshire, NG14 6LT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the fees raised for services provided.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
Hire purchase and leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Ashfields Care Limited Notes to the Accounts for the year ended 30 September 2021
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 October 2020
789,959 
At 30 September 2021
789,959 
Amortisation
At 1 October 2020
236,988 
Charge for the year
39,498 
At 30 September 2021
276,486 
Net book value
At 30 September 2021
513,473 
At 30 September 2020
552,971 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 October 2020
3,856,175 
Additions
1,211,826 
At 30 September 2021
5,068,001 
Depreciation
At 1 October 2020
307,125 
Charge for the year
150,517 
At 30 September 2021
457,642 
Net book value
At 30 September 2021
4,610,359 
At 30 September 2020
3,549,050 
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Ashfields Care Limited Notes to the Accounts for the year ended 30 September 2021
6
Controlling party
Ashfields Care Limited is a wholly owned subsidiary of Medix Health Limited, a company registered in England & Wales with the company number 08939971. The Ultimate controlling party by virtue of shareholdings In Medix Health Limited is Mr C Standing and Mrs S Standing.
7
Average number of employees
During the year the average number of employees was 101 (2020: 79).
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