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REGISTERED NUMBER: 09715186 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Carebit Health Limited

Carebit Health Limited (Registered number: 09715186)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carebit Health Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: D C D Eden





REGISTERED OFFICE: 63 Bermondsey Street C/o Dragon Argent L
London
SE1 3XF





REGISTERED NUMBER: 09715186 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

Carebit Health Limited (Registered number: 09715186)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,540 2,199

CURRENT ASSETS
Debtors 5 89,750 6,174
Cash at bank 165,025 98,159
254,775 104,333
CREDITORS
Amounts falling due within one year 6 85,057 42,773
NET CURRENT ASSETS 169,718 61,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,258

63,759

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 174,248 63,749
174,258 63,759

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 August 2024 and were signed by:





D C D Eden - Director


Carebit Health Limited (Registered number: 09715186)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Carebit Health 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment - 25% Straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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.


Carebit Health Limited (Registered number: 09715186)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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.

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 6 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 6,263
Additions 4,245
At 31 August 2023 10,508
DEPRECIATION
At 1 September 2022 4,064
Charge for year 1,904
At 31 August 2023 5,968
NET BOOK VALUE
At 31 August 2023 4,540
At 31 August 2022 2,199

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors 73,729 -
Other debtors 16,021 -
89,750 -

Carebit Health Limited (Registered number: 09715186)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. DEBTORS - continued
31.8.23 31.8.22
£    £   
Amounts falling due after more than one year:
Other debtors - 6,174

Aggregate amounts 89,750 6,174

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 16,124 1,028
Taxation and social security 64,780 40,312
Other creditors 4,153 1,433
85,057 42,773

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
D C D Eden
Balance outstanding at start of year (6,174 ) (6,289 )
Amounts advanced - (75,255 )
Amounts repaid 6,174 75,370
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (6,174 )

Included in debtors is an amount payable to the company by one of its directors. The amount is an advance of £nil made to Dominic Eden, a director of the company, on 01/09/2021.

During the accounting year, the maximum amount payable by Dominic Eden was £6,174 as at 01/09/2022.

The following conditions are attached to the amount payable by Dominic Eden:
- There is no interest due to be paid on any outstanding amount.
- No fixed date has been set for the amount to be repaid to the company.