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REGISTERED NUMBER: 13349087 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CAREYOURWAY FRANCHISING LTD

CAREYOURWAY FRANCHISING LTD (REGISTERED NUMBER: 13349087)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAREYOURWAY FRANCHISING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M Sabater Romero
Mrs S Sabater Romero
Miss Y Sabater Romero
Mr J Sabater Romero



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 13349087 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank
Butler Place
1 Legg Street
Chelmsford
Essex
CM1 1JS

CAREYOURWAY FRANCHISING LTD (REGISTERED NUMBER: 13349087)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,750 2,913

CURRENT ASSETS
Debtors 5 27,610 7,421
Cash at bank 123,109 88,305
150,719 95,726
CREDITORS
Amounts falling due within one year 6 118,494 124,621
NET CURRENT ASSETS/(LIABILITIES) 32,225 (28,895 )
TOTAL ASSETS LESS CURRENT LIABILITIES 60,975 (25,982 )

CREDITORS
Amounts falling due after more than one
year

7

(19,265

)

-

PROVISIONS FOR LIABILITIES (5,463 ) (553 )
NET ASSETS/(LIABILITIES) 36,247 (26,535 )

CAPITAL AND RESERVES
Called up share capital 20 21
Retained earnings 36,227 (26,556 )
SHAREHOLDERS' FUNDS 36,247 (26,535 )

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

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

CAREYOURWAY FRANCHISING LTD (REGISTERED NUMBER: 13349087)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mrs S Sabater Romero - Director


CAREYOURWAY FRANCHISING LTD (REGISTERED NUMBER: 13349087)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

CareYourWay Franchising 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

CAREYOURWAY FRANCHISING LTD (REGISTERED NUMBER: 13349087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,032 - - 4,032
Additions - 33,995 1,798 35,793
Disposals (672 ) - - (672 )
At 31 March 2024 3,360 33,995 1,798 39,153
DEPRECIATION
At 1 April 2023 1,119 - - 1,119
Charge for year 336 8,499 449 9,284
At 31 March 2024 1,455 8,499 449 10,403
NET BOOK VALUE
At 31 March 2024 1,905 25,496 1,349 28,750
At 31 March 2023 2,913 - - 2,913

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 33,995
At 31 March 2024 33,995
DEPRECIATION
Charge for year 8,499
At 31 March 2024 8,499
NET BOOK VALUE
At 31 March 2024 25,496

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,852 4,212
Directors' current accounts 4,305 -
Prepayments 4,453 3,209
27,610 7,421

CAREYOURWAY FRANCHISING LTD (REGISTERED NUMBER: 13349087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,332 -
Trade creditors 900 10,105
Amounts owed to associates 95,611 86,869
Tax 3,588 -
VAT 12,373 7,903
Other creditors - 18,149
Accrued expenses 1,690 1,595
118,494 124,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,265 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J Sabater Romero
Balance outstanding at start of year - -
Amounts advanced 244 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 244 -

Mr M Sabater Romero
Balance outstanding at start of year - -
Amounts advanced 4,061 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,061 -

Loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year the company borrowed a loan from Care Your Way Homecare Ltd, a company which shares the same Directors, an amount of £8,742 was borrowed in the year (2023: £20,243 borrowed). The amount owing to the company relating to this loan at the period end, is £95611 (2023 : £86,869). The loan is unsecured, interest free and repayable on demand.