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COMPANY REGISTRATION NUMBER: 04172845
CARE FOR YOU (UK) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
CARE FOR YOU (UK) LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
34,561
29,181
CURRENT ASSETS
Debtors
6
67,117
74,133
Cash at bank and in hand
72,086
124,259
---------
---------
139,203
198,392
CREDITORS: amounts falling due within one year
7
24,492
43,529
---------
---------
NET CURRENT ASSETS
114,711
154,863
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
149,272
184,044
CREDITORS: amounts falling due after more than one year
8
23,994
17,684
---------
---------
NET ASSETS
125,278
166,360
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
125,178
166,260
---------
---------
SHAREHOLDERS FUNDS
125,278
166,360
---------
---------
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 .
CARE FOR YOU (UK) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 13 November 2023 , and are signed on behalf of the board by:
Mr D N Frostwick
Director
Company registration number: 04172845
CARE FOR YOU (UK) 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 & Wales. The address of the registered office is Office Sw9, 101 Lockhurst Lane, Coventry, CV6 5SF, England.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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:
Furniture and equipment
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 9 (2022: 11 ).
5. TANGIBLE ASSETS
Furniture and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2022
64,597
34,591
99,188
Additions
36,215
36,215
Disposals
( 27,095)
( 27,095)
--------
--------
---------
At 31 March 2023
64,597
43,711
108,308
--------
--------
---------
Depreciation
At 1 April 2022
58,307
11,700
70,007
Charge for the year
1,573
8,941
10,514
Disposals
( 6,774)
( 6,774)
--------
--------
---------
At 31 March 2023
59,880
13,867
73,747
--------
--------
---------
Carrying amount
At 31 March 2023
4,717
29,844
34,561
--------
--------
---------
At 31 March 2022
6,290
22,891
29,181
--------
--------
---------
6. DEBTORS
2023
2022
£
£
Trade debtors
23,836
19,568
Other debtors
43,281
54,565
--------
--------
67,117
74,133
--------
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,343
264
Corporation tax
4,727
22,695
Social security and other taxes
5,854
5,808
Obligations under finance leases and hire purchase contracts
4,420
4,944
Director loan accounts
194
194
Other creditors
6,954
9,624
--------
--------
24,492
43,529
--------
--------
Hire Purchase and finance lease creditors are secured on the assets they relate to.
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Obligations under finance leases and hire purchase contracts
23,994
17,684
--------
--------
Hire Purchase and finance lease creditors are secured on the assets they relate to.
9. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
1,872
7,488
Later than 1 year and not later than 5 years
1,872
-------
-------
1,872
9,360
-------
-------