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Registration number: 07128156

Elite Care Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Elite Care Solutions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Elite Care Solutions Ltd

Company Information

Directors

Mrs R Buss

Mr S Buss

Registered office

13-15 Beechway
Ashby
Scunthorpe
North Lincolnshire
DN16 2HF

 

Elite Care Solutions Ltd

(Registration number: 07128156)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

3,106

4,267

Current assets

 

Debtors

6

354,670

172,669

Cash at bank and in hand

 

53,445

117,211

 

408,115

289,880

Creditors: Amounts falling due within one year

7

(115,375)

(129,343)

Net current assets

 

292,740

160,537

Total assets less current liabilities

 

295,846

164,804

Creditors: Amounts falling due after more than one year

7

-

(1,390)

Net assets

 

295,846

163,414

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

295,844

163,412

Shareholders' funds

 

295,846

163,414

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
Mrs R Buss
Director

 

Elite Care Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 07128156.

The address of its registered office is:
13-15 Beechway
Ashby
Scunthorpe
North Lincolnshire
DN16 2HF

The financial statements cover the individual entity, Elite Care Solutions Ltd.

These financial statements were authorised for issue by the Board on 29 September 2023.

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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

Specifically in connection with the current economic climate, the directors have considered the impact of COVID-19 on the business and they are satisfied that the company has sufficient financial headroom to continue trading for at least the next twelve months. For this reason the financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Government grants

Government grants in relation to the Coronavirus Bounce Back Loan Interest and care home grants have been credited to Grants and subsidies within the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement if 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 by the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 

Elite Care Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Computer equipment

25% on reducing balance

Intangible assets

Intangible assets are intially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 47 (2022 - 53).

 

Elite Care Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

100,000

100,000

At 31 March 2023

100,000

100,000

Amortisation

At 1 April 2022

100,000

100,000

At 31 March 2023

100,000

100,000

Carrying amount

At 31 March 2023

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

38,627

38,627

At 31 March 2023

38,627

38,627

Depreciation

At 1 April 2022

34,360

34,360

Charge for the year

1,161

1,161

At 31 March 2023

35,521

35,521

Carrying amount

At 31 March 2023

3,106

3,106

At 31 March 2022

4,267

4,267

6

Debtors

Current

2023
£

2022
£

Trade debtors

6,208

11,699

Prepayments

59,462

8,176

Other debtors

289,000

152,794

 

354,670

172,669

7

Creditors

Creditors: amounts falling due within one year

 

Elite Care Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

1,389

8,333

Other creditors

 

75,920

74,411

Accruals and deferred income

 

38,066

46,599

 

115,375

129,343

Due after one year

 

Loans and borrowings

-

1,390

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

-

1,390

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2

         

9

Related party transactions

 

Elite Care Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Transactions with Directors

2023

At 1 April 2022
£

Advances to Director
£

Repayments by Director
£

At 31 March 2023
£

Mrs R Buss and Mr S Buss

152,794

324,926

(188,820)

288,900

         
       

 

2022

At 1 April 2021
£

Advances to Director
£

Repayments by Director
£

At 31 March 2022
£

Mrs R Buss and Mr S Buss

120,028

410,210

(377,444)

152,794

         
       

 

The above advance had no fixed repayment date and was unsecured. Interest was charged at the official rate of interest.