Registered number
13219481
Careloop Health Limited
Unaudited Filleted Accounts
28 February 2023
Careloop Health Limited
Registered number: 13219481
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 18,400 6,400
Current assets
Debtors 4 11,200 10,835
Cash at bank and in hand 30,861 61,547
42,061 72,382
Creditors: amounts falling due within one year 5 (7,611) (104,621)
Net current assets/(liabilities) 34,450 (32,239)
Total assets less current liabilities 52,850 (25,839)
Creditors: amounts falling due after more than one year 6 (48,194) -
Net assets/(liabilities) 4,656 (25,839)
Capital and reserves
Called up share capital 10 10
Share premium 12,848 12,848
Profit and loss account (8,202) (38,697)
Shareholders' funds 4,656 (25,839)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Zoe Blake
Director
Approved by the board on 10 October 2023
Careloop Health Limited
Statement of Changes in Equity
for the year ended 28 February 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 March 2021 - - - - -
Loss for the financial year (38,697) (38,697)
Shares issued 10 12,848 12,858
At 28 February 2022 10 12,848 - (38,697) (25,839)
At 1 March 2022 10 12,848 - (38,697) (25,839)
Profit for the financial year 30,495 30,495
At 28 February 2023 10 12,848 - (8,202) 4,656
Careloop Health Limited
Notes to the Accounts
for the year ended 28 February 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 and value added taxes. Turnover includes revenue earned from the rendering of services.
Intangible fixed assets
Intangible fixed assets relate to branding costs are measured at cost less accumulative amortisation.
Branding costs are being written off over 5 years on a straight line 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loan notes are measured at fair value.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Branding & IP
Cost
At 1 March 2022 20,851
Additions 17,000
At 28 February 2023 37,851
Amortisation
At 1 March 2022 14,451
Provided during the year 5,000
At 28 February 2023 19,451
Net book value
At 28 February 2023 18,400
At 28 February 2022 6,400
Branding costs are being written off in equal annual instalments over its estimated economic life of 5 years
4 Debtors 2023 2022
£ £
Deferred tax asset 1,726 9,039
Other debtors 9,474 1,796
11,200 10,835
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,673 7,254
Taxation and social security costs 312 -
Other creditors 5,626 97,367
7,611 104,621
6 Creditors: amounts falling due after one year 2023 2022
£ £
Loans 48,194 -
During the year a convertible loan note for £40,000 was issued, This has been included at a fair value of £48,194. The interest element is being written off to the profit and loss account over the period of the loan note.
7 Other information
Careloop Health Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ctf, 46 Grafton Street
Manchester
M13 9NT
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