Burwood Care Home Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09311072

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BURWOOD CARE HOME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Balaghan

B Singh

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

09311072

FIXED ASSETS

Intangible assets

4

120,000

130,000

Tangible assets

5

57,951

61,106

177,951

191,106

CURRENT ASSETS

Debtors

6

28,640

40,881

Cash at bank and in hand

42,483

50,816

71,123

91,697

CREDITORS

Amounts falling due within one year

7

211,124

238,899

NET CURRENT LIABILITIES

(140,001

)

(147,202

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,950

43,904

CREDITORS

Amounts falling due after more than one year

8

36,950

42,904

NET ASSETS

1,000

1,000

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

SHAREHOLDERS' FUNDS

1,000

1,000

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2023 and were signed on its behalf by:

B Singh - Director

1.	STATUTORY INFORMATION

Burwood Care Home Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 2015, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2021 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2022

and 31 December 2022

200,000

AMORTISATION

At 1 January 2022

70,000

Amortisation for year

10,000

At 31 December 2022

80,000

NET BOOK VALUE

At 31 December 2022

120,000

At 31 December 2021

130,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2022

123,157

3,749

126,906

Additions

6,379

692

7,071

At 31 December 2022

129,536

4,441

133,977

DEPRECIATION

At 1 January 2022

64,441

1,359

65,800

Charge for year

9,764

462

10,226

At 31 December 2022

74,205

1,821

76,026

NET BOOK VALUE

At 31 December 2022

55,331

2,620

57,951

At 31 December 2021

58,716

2,390

61,106

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/22

31/12/21

£

£

Trade debtors

25,640

24,381

Other debtors

3,000

16,500

28,640

40,881

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/22

31/12/21

£

£

Bank loans and overdrafts (see note 9)

7,212

7,212

Trade creditors

26,269

25,275

Tax

13,181

7,498

Social security and other taxes

3,314

1,329

Other creditors

142,354

160,512

Directors' current accounts

5,274

23,553

Accrued expenses

13,520

13,520

211,124

238,899

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/22

31/12/21

£

£

Bank loans (see note 9)

36,950

42,904

9.

LOANS

An analysis of the maturity of loans is given below:

31/12/22

31/12/21

£

£

Amounts falling due within one year or on demand:

Bank loans

7,212

7,212

Amounts falling due between two and five years:

Bank loans - 2-5 years

36,950

42,904

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/22

31/12/21

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

Profit for the year

13,194

Dividends

(13,194

)

At 31 December 2022

-

12.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by virtue of their 100% shareholding in the parent company, ABBS Investments Limited (08948720)