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REGISTERED NUMBER: 01708774 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MILDCARE LIMITED

MILDCARE LIMITED (REGISTERED NUMBER: 01708774)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILDCARE LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A Patel
P Patel





SECRETARY: P Patel





REGISTERED OFFICE: 45 Gassiot Road
Tooting Broadway
London
SW17 8LB





REGISTERED NUMBER: 01708774 (England and Wales)





ACCOUNTANTS: Butler & Co LLP
Chartered Accountants
Third Floor
126-134 Baker Street
London
W1U 6UE

MILDCARE LIMITED (REGISTERED NUMBER: 01708774)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,067 15,867
Tangible assets 5 254,660 199,188
Investments 6 98,950 98,950
362,677 314,005

CURRENT ASSETS
Stocks 7 116,851 104,609
Debtors 8 221,965 195,189
Cash at bank and in hand 1,290,513 1,392,869
1,629,329 1,692,667
CREDITORS
Amounts falling due within one year 9 462,693 517,106
NET CURRENT ASSETS 1,166,636 1,175,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,529,313

1,489,566

PROVISIONS FOR LIABILITIES 10 45,294 34,274
NET ASSETS 1,484,019 1,455,292

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 1,483,919 1,455,192
SHAREHOLDERS' FUNDS 1,484,019 1,455,292

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.

MILDCARE LIMITED (REGISTERED NUMBER: 01708774)

Balance Sheet - continued
31 MARCH 2023


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 authorised for issue by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





P Patel - Director


MILDCARE LIMITED (REGISTERED NUMBER: 01708774)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Mildcare 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 represents net invoiced sale of goods, excluding value added tax and trade discounts. Revenue is recognised when delivery of goods and services is accepted by the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 1999 and 2004, is being amortised evenly over its estimated 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.
Short leasehold - straight line over the life of the lease
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

MILDCARE LIMITED (REGISTERED NUMBER: 01708774)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors consider that the financial resources available to the company are adequate to meet its operational needs for the foreseeable future or for at least 12 months from the date of signature of these accounts. Accordingly, the going concern basis has been adopted in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 235,740
AMORTISATION
At 1 April 2022 219,873
Amortisation for year 6,800
At 31 March 2023 226,673
NET BOOK VALUE
At 31 March 2023 9,067
At 31 March 2022 15,867

MILDCARE LIMITED (REGISTERED NUMBER: 01708774)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 19,385 278,476 73,500 4,183 375,544
Additions - 130,540 - - 130,540
At 31 March 2023 19,385 409,016 73,500 4,183 506,084
DEPRECIATION
At 1 April 2022 3,878 149,920 18,375 4,183 176,356
Charge for year 1,939 54,754 18,375 - 75,068
At 31 March 2023 5,817 204,674 36,750 4,183 251,424
NET BOOK VALUE
At 31 March 2023 13,568 204,342 36,750 - 254,660
At 31 March 2022 15,507 128,556 55,125 - 199,188

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 98,950
NET BOOK VALUE
At 31 March 2023 98,950
At 31 March 2022 98,950

7. STOCKS
2023 2022
£    £   
Finished goods 116,851 104,609

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 196,323 172,541
Other debtors 25,642 22,648
221,965 195,189

MILDCARE LIMITED (REGISTERED NUMBER: 01708774)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 342,280 358,169
Tax 26,893 76,965
Social security and other taxes 5,918 1,077
Net salaries control 25,319 27,423
Pension control 2,305 1,791
Directors' current accounts 1,624 5,939
Accrued expenses 58,354 45,742
462,693 517,106

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 45,294 34,274

Deferred
tax
£   
Balance at 1 April 2022 34,274
Provided during year 11,020
Balance at 31 March 2023 45,294

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Share capital 1 1 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2022 1,455,192
Profit for the year 178,727
Dividends (150,000 )
At 31 March 2023 1,483,919

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr A. Patel and Mr P. Patel, directors of the company.