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REGISTERED NUMBER: 05211592 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Careco Healthcare Limited

Careco Healthcare Limited (Registered number: 05211592)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Careco Healthcare Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: A D Ward
G J Denton





SECRETARY: G J Denton





REGISTERED OFFICE: Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY





REGISTERED NUMBER: 05211592 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Careco Healthcare Limited (Registered number: 05211592)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,029 6,514
7,029 6,514

CURRENT ASSETS
Debtors 6 78,415 41,115
Cash at bank and in hand 27,161 26,418
105,576 67,533
CREDITORS
Amounts falling due within one year 7 (55,296 ) (41,433 )
NET CURRENT ASSETS 50,280 26,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,309

32,614

PROVISIONS FOR LIABILITIES (1,273 ) (837 )
NET ASSETS 56,036 31,777

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 56,034 31,775
56,036 31,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 July 2024 and were signed on its behalf by:



G J Denton - Director


Careco Healthcare Limited (Registered number: 05211592)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Careco Healthcare 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents domiciliary care services provided in the period. The company is exempt for value added tax purposes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 15 (2022 - 16 ) .

Careco Healthcare Limited (Registered number: 05211592)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 28,005
AMORTISATION
At 1 January 2023
and 31 December 2023 28,005
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 43,591
Additions 2,737
At 31 December 2023 46,328
DEPRECIATION
At 1 January 2023 37,077
Charge for year 2,222
At 31 December 2023 39,299
NET BOOK VALUE
At 31 December 2023 7,029
At 31 December 2022 6,514

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 28,167 6,013
Other debtors 50,248 35,102
78,415 41,115

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 2,434 2,381
Taxation and social security 26,906 14,146
Other creditors 25,956 24,906
55,296 41,433

Careco Healthcare Limited (Registered number: 05211592)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
A D Ward
Balance outstanding at start of year 17,928 32,628
Amounts advanced 59,080 51,000
Amounts repaid (48,500 ) (65,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,508 17,928

G J Denton
Balance outstanding at start of year 14,900 26,700
Amounts advanced 23,000 15,000
Amounts repaid (18,000 ) (26,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,900 14,900

The advances made to the directors are unsecured, interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr A D Ward and Mr G J Denton who own equal amounts of the share capital.