IRIS Accounts Production v24.2.0.383 06396067 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063960672023-03-31063960672024-03-31063960672023-04-012024-03-31063960672022-03-31063960672022-04-012023-03-31063960672023-03-3106396067ns15:EnglandWales2023-04-012024-03-3106396067ns14:PoundSterling2023-04-012024-03-3106396067ns10:Director12023-04-012024-03-3106396067ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106396067ns10:SmallEntities2023-04-012024-03-3106396067ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106396067ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106396067ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106396067ns10:FullAccounts2023-04-012024-03-310639606712023-04-012024-03-3106396067ns10:Director22023-04-012024-03-3106396067ns10:Director32023-04-012024-03-3106396067ns10:RegisteredOffice2023-04-012024-03-3106396067ns5:CurrentFinancialInstruments2024-03-3106396067ns5:CurrentFinancialInstruments2023-03-3106396067ns5:ShareCapital2024-03-3106396067ns5:ShareCapital2023-03-3106396067ns5:RetainedEarningsAccumulatedLosses2024-03-3106396067ns5:RetainedEarningsAccumulatedLosses2023-03-3106396067ns5:NetGoodwill2023-04-012024-03-3106396067ns5:NetGoodwill2023-03-3106396067ns5:NetGoodwill2024-03-3106396067ns5:NetGoodwill2023-03-3106396067ns5:FurnitureFittings2023-03-3106396067ns5:MotorVehicles2023-03-3106396067ns5:FurnitureFittings2023-04-012024-03-3106396067ns5:MotorVehicles2023-04-012024-03-3106396067ns5:FurnitureFittings2024-03-3106396067ns5:MotorVehicles2024-03-3106396067ns5:FurnitureFittings2023-03-3106396067ns5:MotorVehicles2023-03-3106396067ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106396067ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06396067 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AMICARE DOMICILIARY CARE SERVICES
LTD

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMICARE DOMICILIARY CARE SERVICES
LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: M Malhan
A Malhan
W Malhan





REGISTERED OFFICE: Amicare House
651 Melton Road
Thurmaston
Leicestershire
LE4 8EB





REGISTERED NUMBER: 06396067 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 112,500
Tangible assets 5 10,812 21,108
10,812 133,608

CURRENT ASSETS
Debtors 6 151,388 122,739
Cash at bank and in hand 58,169 80,260
209,557 202,999
CREDITORS
Amounts falling due within one year 7 (163,541 ) (345,561 )
NET CURRENT ASSETS/(LIABILITIES) 46,016 (142,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,828

(8,954

)

CAPITAL AND RESERVES
Called up share capital 366,850 366,850
Retained earnings (310,022 ) (375,804 )
SHAREHOLDERS' FUNDS 56,828 (8,954 )

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





M Malhan - Director


AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Amicare Domiciliary Care Services Ltd is a limited company, registered in England and Wales. Its registered office address is Amicare House, 651 Melton Road, Thurmaston, Leicester, LE4 8EB and the registered number is 06396067.

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.

The presentational currency of the financial statements is Sterling (£) and the figures are rounded to the nearest £1.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Following a review the directors have decided that the residual goodwill relating to a business acquired in 2008 should be written down to £nil to reflect its true value, this is a change to the accounting policy which previously amortised the goodwill evenly over 20 years.

Tangible fixed assets and depreciation
Tangible fixed assets 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 either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Fixtures, fittings &
equipment

-

straight line over 12 months
Motor vehicles-straight line over 3 years

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.

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits
The company contributes to a defined contribution plan for the benefit of its employees. Contributions are recognised in profit or loss as they become payable.

Hire purchase and leasing commitments
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 66 ) .

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 450,000
AMORTISATION
At 1 April 2023 337,500
Charge for year 112,500
At 31 March 2024 450,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 112,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 5,605 31,199 36,804
DEPRECIATION
At 1 April 2023 5,605 10,091 15,696
Charge for year - 10,296 10,296
At 31 March 2024 5,605 20,387 25,992
NET BOOK VALUE
At 31 March 2024 - 10,812 10,812
At 31 March 2023 - 21,108 21,108

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,454 61,411
Amounts owed by group undertakings 766 -
Other debtors 84,168 61,328
151,388 122,739

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,647 10,195
Amounts owed to group undertakings - 4,838
Tax 108,700 10,927
Social security and other taxes 29,048 16,597
Other creditors 7,200 32,912
Accrued expenses 4,946 270,092
163,541 345,561

AMICARE DOMICILIARY CARE SERVICES
LTD (REGISTERED NUMBER: 06396067)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.