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REGISTERED NUMBER: 06396067 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AMICARE DOMICILIARY CARE SERVICES
LTD

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMICARE DOMICILIARY CARE SERVICES
LTD

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: M Malhan
A Malhan
W Malhan





REGISTERED OFFICE: Amicare House
651 Melton Road
Thurmaston
Leicestershire
LE4 8EB





REGISTERED NUMBER: 06396067 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Magma House
16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 112,500 135,000
Tangible assets 5 21,108 -
133,608 135,000

CURRENT ASSETS
Debtors 6 122,739 130,257
Cash at bank and in hand 80,260 4,451
202,999 134,708
CREDITORS
Amounts falling due within one year 7 (345,561 ) (195,054 )
NET CURRENT LIABILITIES (142,562 ) (60,346 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,954

)

74,654

CAPITAL AND RESERVES
Called up share capital 366,850 366,850
Retained earnings (375,804 ) (292,196 )
SHAREHOLDERS' FUNDS (8,954 ) 74,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





M Malhan - Director


AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Amicare Domiciliary Care Services Ltd 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.

The presentational currency of the financial statements is Sterling (£) and the figures are rounded to the nearest £1.

Going concern
At 31 March 2023 the company had net current liabilities of £142,562 (2022: £60,346) and total net liabilities of £8,954 (2022: £74,654 net assets). The directors have considered this and have prepared the financial statements on a going concern basis. The directors have confirmed that they will continue to support the company financially for at least the next twelve months from the signing of these financial statements.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Fixtures, fittings &
equipment

-

straight line over 12 months
Motor vehicles-straight line over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employee benefits
The company contributes to a defined contribution plan for the benefit of its employees. Contributions are recognised in profit or loss as they become payable.

Hire purchase and leasing commitments
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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 66 (2022 - 76 ) .

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 450,000
AMORTISATION
At 1 April 2022 315,000
Charge for year 22,500
At 31 March 2023 337,500
NET BOOK VALUE
At 31 March 2023 112,500
At 31 March 2022 135,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 5,959 - 5,959
Additions - 31,199 31,199
Disposals (354 ) - (354 )
At 31 March 2023 5,605 31,199 36,804
DEPRECIATION
At 1 April 2022 5,959 - 5,959
Charge for year - 10,091 10,091
Eliminated on disposal (354 ) - (354 )
At 31 March 2023 5,605 10,091 15,696
NET BOOK VALUE
At 31 March 2023 - 21,108 21,108
At 31 March 2022 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 61,411 63,536
Other debtors 61,328 66,721
122,739 130,257

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,195 81
Amounts owed to group undertakings 4,838 22,942
Taxation and social security 27,524 78,489
Other creditors 303,004 93,542
345,561 195,054

8. RELATED PARTY DISCLOSURES

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.