11 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 400,000 280,000 30,000 310,000 90,000 120,000 xbrli:pure xbrli:shares iso4217:GBP 07558216 2022-04-01 2023-03-31 07558216 2023-03-31 07558216 2022-03-31 07558216 2021-04-01 2022-03-31 07558216 2022-03-31 07558216 core:NetGoodwill 2022-04-01 2023-03-31 07558216 core:FurnitureFittings 2022-04-01 2023-03-31 07558216 bus:Director1 2022-04-01 2023-03-31 07558216 core:NetGoodwill 2022-03-31 07558216 core:NetGoodwill 2023-03-31 07558216 core:FurnitureFittings 2022-03-31 07558216 core:FurnitureFittings 2023-03-31 07558216 core:WithinOneYear 2023-03-31 07558216 core:WithinOneYear 2022-03-31 07558216 core:ShareCapital 2023-03-31 07558216 core:ShareCapital 2022-03-31 07558216 core:RetainedEarningsAccumulatedLosses 2023-03-31 07558216 core:RetainedEarningsAccumulatedLosses 2022-03-31 07558216 core:NetGoodwill 2022-03-31 07558216 core:FurnitureFittings 2022-03-31 07558216 bus:SmallEntities 2022-04-01 2023-03-31 07558216 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07558216 bus:FullAccounts 2022-04-01 2023-03-31 07558216 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07558216 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07558216 core:LeaseholdImprovements 2022-04-01 2023-03-31 07558216 core:LeaseholdImprovements 2022-03-31 07558216 core:LeaseholdImprovements 2023-03-31 07558216 core:EntitiesControlledByKeyManagementPersonnel core:DividendsPaidTransactions 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 07558216
REAL LIFE CARE LTD
Filleted Unaudited Financial Statements
31 March 2023
REAL LIFE CARE LTD
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
90,000
120,000
Tangible assets
6
546,549
235,165
---------
---------
636,549
355,165
Current assets
Debtors
7
177,997
92,589
Cash at bank and in hand
1,357
22,539
---------
---------
179,354
115,128
Creditors: amounts falling due within one year
8
445,471
141,307
---------
---------
Net current liabilities
266,117
26,179
---------
---------
Total assets less current liabilities
370,432
328,986
Provisions
Taxation including deferred tax
11,514
6,311
---------
---------
Net assets
358,918
322,675
---------
---------
REAL LIFE CARE LTD
Statement of Financial Position (continued)
31 March 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
358,818
322,575
---------
---------
Shareholders funds
358,918
322,675
---------
---------
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: 07558216
REAL LIFE CARE LTD
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 aggregate amount of current and deferred tax recognised in the reporting period. Current tax 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. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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 11 (2022: 13 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
400,000
---------
Amortisation
At 1 April 2022
280,000
Charge for the year
30,000
---------
At 31 March 2023
310,000
---------
Carrying amount
At 31 March 2023
90,000
---------
At 31 March 2022
120,000
---------
6. Tangible assets
Fixtures and fittings
Building Improvement
Total
£
£
£
Cost
At 1 April 2022
123,078
338,128
461,206
Additions
28,193
369,284
397,477
---------
---------
---------
At 31 March 2023
151,271
707,412
858,683
---------
---------
---------
Depreciation
At 1 April 2022
89,863
136,178
226,041
Charge for the year
15,352
70,741
86,093
---------
---------
---------
At 31 March 2023
105,215
206,919
312,134
---------
---------
---------
Carrying amount
At 31 March 2023
46,056
500,493
546,549
---------
---------
---------
At 31 March 2022
33,215
201,950
235,165
---------
---------
---------
7. Debtors
2023
2022
£
£
Trade debtors
148,888
26,004
Other debtors
29,109
66,585
---------
--------
177,997
92,589
---------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
39,767
31,227
Social security and other taxes
3,318
5,783
Other creditors
402,386
104,297
---------
---------
445,471
141,307
---------
---------
9. Related party transactions
The company paid a dividend of £ 40,000 Ms M J Chaudhary , the director. Bank loans to Ms M J Chaudhary for the properties used by the company, business loans and Invoice financing advances are secured by fixed and floating charges over the company's assets and negative pledge.