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REGISTERED NUMBER: 08123238 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st January 2024

for

POSITIVE CARE LTD

POSITIVE CARE LTD (REGISTERED NUMBER: 08123238)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POSITIVE CARE LTD

Company Information
for the Year Ended 31st January 2024







DIRECTORS: Mrs J J Jupp
M Wills
R P Jupp





SECRETARY: Mrs J J Jupp





REGISTERED OFFICE: 38 Salisbury Road
Worthing
West Sussex
BN11 1RD





REGISTERED NUMBER: 08123238 (England and Wales)





ACCOUNTANTS: MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

POSITIVE CARE LTD (REGISTERED NUMBER: 08123238)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 270,907 266,869
270,907 266,869

CURRENT ASSETS
Debtors 6 22,763 18,799
Cash at bank and in hand 34,293 24,719
57,056 43,518
CREDITORS
Amounts falling due within one year 7 150,912 142,321
NET CURRENT LIABILITIES (93,856 ) (98,803 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,051

168,066

CREDITORS
Amounts falling due after more than one
year

8

158,576

174,848
NET ASSETS/(LIABILITIES) 18,475 (6,782 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,375 (6,882 )
SHAREHOLDERS' FUNDS 18,475 (6,782 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

POSITIVE CARE LTD (REGISTERED NUMBER: 08123238)

Balance Sheet - continued
31st January 2024


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 12th June 2024 and were signed on its behalf by:





M Wills - Director


POSITIVE CARE LTD (REGISTERED NUMBER: 08123238)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Positive Care Ltd 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.

Turnover
Turnover represents net invoiced sales of services, the company is not registered for value added tax. Invoiced turnover that relates to future periods has been carried forward to the appropriate period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2013, has been amortised evenly over its estimated useful life of 2 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - nil
Freehold buildings - 2% on cost
Fixtures, fittings & equipment - 25% on cost

The division between freehold land and buildings is based on the opinion of the directors.

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.

POSITIVE CARE LTD (REGISTERED NUMBER: 08123238)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 70,000
AMORTISATION
At 1st February 2023
and 31st January 2024 70,000
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings
property & equipment Totals
£    £    £   
COST
At 1st February 2023 316,406 62,259 378,665
Additions - 12,038 12,038
At 31st January 2024 316,406 74,297 390,703
DEPRECIATION
At 1st February 2023 52,752 59,044 111,796
Charge for year 4,328 3,672 8,000
At 31st January 2024 57,080 62,716 119,796
NET BOOK VALUE
At 31st January 2024 259,326 11,581 270,907
At 31st January 2023 263,654 3,215 266,869

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,676 11,618
Other debtors 3,839 2,483
Prepayments 4,248 4,698
22,763 18,799

POSITIVE CARE LTD (REGISTERED NUMBER: 08123238)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans & overdrafts 16,242 15,725
Trade creditors 16,895 6,828
Corporation tax reserve 36,268 15,667
PAYE & NIC control 5,495 4,542
Other creditors 42,462 73,059
Wages control 24,302 20,327
Directors' loan accounts 7,208 3,208
Accrued expenses 2,040 2,965
150,912 142,321

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan - 1-2 years 158,576 16,242
Bank loan - 2-5 years - 158,606
158,576 174,848

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 174,818 190,573

The bank loan is secured by a fixed and floating charge on the company's assets.