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COMPANY REGISTRATION NUMBER: 05410312
CARE 2 SHARE 2 LIMITED
Filleted Unaudited Financial Statements
31 March 2023
CARE 2 SHARE 2 LIMITED
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
30,063
37,145
Current assets
Debtors
6
133,069
37,613
Cash at bank and in hand
10,013
10,475
---------
--------
143,082
48,088
Creditors: amounts falling due within one year
7
88,147
81,862
---------
--------
Net current assets/(liabilities)
54,935
( 33,774)
--------
--------
Total assets less current liabilities
84,998
3,371
--------
-------
Net assets
84,998
3,371
--------
-------
CARE 2 SHARE 2 LIMITED
Statement of Financial Position (continued)
31 March 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
84,898
3,271
--------
-------
Shareholders funds
84,998
3,371
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 November 2023 , and are signed on behalf of the board by:
Ms M J Chaudhary
Director
Company registration number: 05410312
CARE 2 SHARE 2 LIMITED
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Income tax
The taxation expense represents the amount of current tax which is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Building Improvement
-
10% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 10 ).
5. Tangible assets
Fixtures and fittings
Building Improvement
Total
£
£
£
Cost
At 1 April 2022
91,884
51,440
143,324
Additions
4,245
4,245
--------
--------
---------
At 31 March 2023
96,129
51,440
147,569
--------
--------
---------
Depreciation
At 1 April 2022
71,198
34,981
106,179
Charge for the year
6,183
5,144
11,327
--------
--------
---------
At 31 March 2023
77,381
40,125
117,506
--------
--------
---------
Carrying amount
At 31 March 2023
18,748
11,315
30,063
--------
--------
---------
At 31 March 2022
20,686
16,459
37,145
--------
--------
---------
6. Debtors
2023
2022
£
£
Trade debtors
76,305
6,658
Other debtors
56,764
30,955
---------
--------
133,069
37,613
---------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
37,955
22,265
Social security and other taxes
11,095
6,918
Other creditors
39,097
52,679
--------
--------
88,147
81,862
--------
--------
8. Related party transactions
The company paid a dividend of £ 73 000 to Ms M J Chaudhary , the director. Bank loans to Ms M J Chaudhary for the properties used for the business and Invoice financing advances are secured by fixed and floating charges over the company's assets and negative pledge.