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REGISTERED NUMBER: 09060405 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CARE MORE LIMITED

CARE MORE LIMITED (REGISTERED NUMBER: 09060405)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CARE MORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: K D Patel
P Patel





REGISTERED OFFICE: 2 Tudor Court
Brighton Road
Sutton
London
SM2 5AE





REGISTERED NUMBER: 09060405 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

CARE MORE LIMITED (REGISTERED NUMBER: 09060405)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,814 179,127

CURRENT ASSETS
Debtors 5 514,310 345,275
Cash at bank 153,114 409,369
667,424 754,644
CREDITORS
Amounts falling due within one year 6 334,207 172,442
NET CURRENT ASSETS 333,217 582,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,031

761,329

CREDITORS
Amounts falling due after more than one
year

7

(440,664

)

(581,166

)

PROVISIONS FOR LIABILITIES (14,285 ) (14,771 )
NET ASSETS 26,082 165,392

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,080 165,390
26,082 165,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





P Patel - Director


CARE MORE LIMITED (REGISTERED NUMBER: 09060405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Care More 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Treatment of leases
Determine whether leases entered into by the company either as a lessor or a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

Impairment of tangible and intangible fixed assets
Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Tangible fixed assets
Tangible fixed assets, other than freehold property and investment properties, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issued such as future market conditions, the remaining life of the asset and projected disposal values.

Estimating the fair value and value in use
The Directors have made estimates of the fair value of financial instruments using suitable, available evidence. Where third party valuations are available, these have been incorporated by the Directors in any estimates made, taking into account the valuer's qualifications and the reasonableness of any assumptions that have been used.

Where there is an indication that fixed assets have been impaired, the Directors have carried out an impairment review to determine the recoverable amount, which is the higher of fair value less cost to sell and value in use. The value in use calculation requires the Directors to estimate the future cash flows expected to arise from the asset or the cash generating unit, and a suitable discount rate in order to calculate present value.

Recoverability of trade and other debtors
A provision for bad and doubtful debts is established where it is estimated that trade or other debtors are not fully recoverable. When assessing recoverability the Directors consider factors such as the ageing of the receivables, past experience of recoverability, and the credit profile of individual or groups of debtors.

Calculation of provisions and contingencies
Where the company becomes obligated to make a future payment as a result of past events, the Directors make an estimate of the provision required in the accounts. Where it is deemed likely that a future payment is required but no reliable estimate can be made of its value, the Directors will assess whether it is more suitable to make a disclosure of these contingencies in the accounts rather than making a provision.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

CARE MORE LIMITED (REGISTERED NUMBER: 09060405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 91 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 10,405 263,530 35,151 309,086
Additions - 11,880 4,593 16,473
Disposals - (10,865 ) - (10,865 )
At 30 November 2023 10,405 264,545 39,744 314,694
DEPRECIATION
At 1 December 2022 4,206 109,158 16,595 129,959
Charge for year 1,550 39,244 4,534 45,328
Eliminated on disposal - (8,407 ) - (8,407 )
At 30 November 2023 5,756 139,995 21,129 166,880
NET BOOK VALUE
At 30 November 2023 4,649 124,550 18,615 147,814
At 30 November 2022 6,199 154,372 18,556 179,127

CARE MORE LIMITED (REGISTERED NUMBER: 09060405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 92,164 128,266
Amounts owed by associates 400,891 177,844
Other debtors 21,255 39,165
514,310 345,275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 115,369 103,589
Hire purchase contracts 25,132 23,958
Trade creditors 3,593 7,893
Taxation and social security 164,994 13,321
Other creditors 25,119 23,681
334,207 172,442

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 438,515 553,884
Hire purchase contracts 2,149 27,282
440,664 581,166

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £148,000 (2022 - £273,000) were paid to the directors .

During the year the company received rent totalling £11,200 (2022: £nil) from Care More Recruitment Limited. As at the year end date, the company was owed £147,343 (2002: £177,844) by Care More Recruitment Limited, a company which the director P Patel has a controlling interest. The loan carries a market rate of interest and is repayable on demand.

During the year the company charged Care More Franchising £128,548 (2022: £nil) for the management of and costs associated with the business. The company also made a loan totalling £125,000 (2022: £nil) to Care More Franchising Limited and this amount remains outstanding at the year end. At the year end the company is owed £253,548 (2022: £nil). The company is controlled by the directors of Care More Limited.