FAVOURED HEALTH CARE CIC

Company limited by guarantee

Company Registration Number:
07512958 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

FAVOURED HEALTH CARE CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FAVOURED HEALTH CARE CIC

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 29 February 2024

TEMITOPE YETUNDE OSAFO


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 April 2024

And signed on behalf of the board by:
Name: TEMITOPE YETUNDE OSAFO
Status: Director

FAVOURED HEALTH CARE CIC

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 265,505 81,580
Gross profit(or loss): 265,505 81,580
Administrative expenses: ( 234,522 ) ( 90,302 )
Operating profit(or loss): 30,983 (8,722)
Profit(or loss) before tax: 30,983 (8,722)
Profit(or loss) for the financial year: 30,983 (8,722)

FAVOURED HEALTH CARE CIC

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 215 285
Total fixed assets: 215 285
Current assets
Debtors: 4 55,473 9,101
Cash at bank and in hand: 5,955 3,969
Total current assets: 61,428 13,070
Creditors: amounts falling due within one year: 5 ( 31,033 ) ( 13,696 )
Net current assets (liabilities): 30,395 (626)
Total assets less current liabilities: 30,610 ( 341)
Total net assets (liabilities): 30,610 (341)
Members' funds
Profit and loss account: 30,610 ( 341)
Total members' funds: 30,610 (341)

The notes form part of these financial statements

FAVOURED HEALTH CARE CIC

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 April 2024
and signed on behalf of the board by:

Name: TEMITOPE YETUNDE OSAFO
Status: Director

The notes form part of these financial statements

FAVOURED HEALTH CARE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

FAVOURED HEALTH CARE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 21 9

FAVOURED HEALTH CARE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 300 1,956 2,256
Additions
Disposals
Revaluations
Transfers
At 29 February 2024 300 1,956 2,256
Depreciation
At 1 March 2023 262 1,709 1,971
Charge for year 9 61 70
On disposals
Other adjustments
At 29 February 2024 271 1,770 2,041
Net book value
At 29 February 2024 29 186 215
At 28 February 2023 38 247 285

FAVOURED HEALTH CARE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors

2024 2023
£ £
Trade debtors 20,000
Other debtors 35,473 9,101
Total 55,473 9,101

FAVOURED HEALTH CARE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 19,353 3,372
Other creditors 11,680 10,324
Total 31,033 13,696

COMMUNITY INTEREST ANNUAL REPORT

FAVOURED HEALTH CARE CIC

Company Number: 07512958 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The company operates social care activities without accommodation for the elderly and disabled. During the financial year the company activities have benefited the community in the following ways:The company worked with community clients, social workers, relatives, carers (as appropriate) and all others associated with the care towards identifying , implementing and reviewing personal care plane with adequately reflects each service users needs.Worked within the client's range of abilities and competencies to promote independent living Delivered home care to community clients in a manner which is non-discriminatory, but sensitive to the cultural needs of the clients and respectful of their environment and traditions worked in partnership with other agencies involved in health care in order to ensure the services users enjoy a seamless and cost- effective service.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 April 2024

And signed on behalf of the board by:
Name: TEMITOPE OSAFO
Status: Director