Cherrywood Care Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10174135 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

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

Mrs D M Davies

O J Davies

J E Davies

REGISTERED OFFICE:

42 Ocean Way

Pennar

Pembroke Dock

Pembrokeshire

SA72 6RA

REGISTERED NUMBER:

10174135 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

13,334

Tangible assets

5

1,106,820

1,141,841

1,106,820

1,155,175

CURRENT ASSETS

Debtors

143,767

216,111

Cash at bank and in hand

182,798

113,487

326,565

329,598

CREDITORS

Amounts falling due within one year

120,795

154,715

NET CURRENT ASSETS

205,770

174,883

TOTAL ASSETS LESS CURRENT LIABILITIES

1,312,590

1,330,058

CREDITORS

Amounts falling due after more than one year

6

981,384

1,077,739

NET ASSETS

331,206

252,319

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

331,204

252,317

SHAREHOLDERS' FUNDS

331,206

252,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 2022 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 and authorised for issue on 21 December 2022 and were signed on its behalf by:

M. Davies - 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 50 (2021 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

100,000

AMORTISATION

At 1 April 2021

86,666

Amortisation for year

13,334

At 31 March 2022

100,000

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

13,334

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

1,263,713

Additions

8,911

At 31 March 2022

1,272,624

DEPRECIATION

At 1 April 2021

121,872

Charge for year

43,932

At 31 March 2022

165,804

NET BOOK VALUE

At 31 March 2022

1,106,820

At 31 March 2021

1,141,841

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.22

31.3.21

£

£

Repayable by instalments

Bank loans more 5 years

879,762

936,117

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.