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REGISTERED NUMBER: 02881343 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Q Care Limited

Q Care Limited (Registered number: 02881343)

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


Q Care Limited

Company Information
for the year ended 31 March 2024







Directors: E B Whittal-Williams
A T Whittal-Williams
Mrs C Cox
Mrs M L Jones



Registered office: The Office
Block D, Nantgavenny Business Park
Nantgavenny Lane, Mardy
Abergavenny
Monmouthshire
NP7 6LG



Registered number: 02881343 (England and Wales)



Senior statutory auditor: Russell John Spencer



Auditors: Acre Accountancy Limited
Statutory Auditor
Certified Accountants
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Q Care Limited (Registered number: 02881343)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 37,886 42,000

CURRENT ASSETS
Stocks 6,759 14,874
Debtors 5 1,059,818 906,479
Cash at bank 848,801 886,404
1,915,378 1,807,757
CREDITORS
Amounts falling due within one year 6 (969,135 ) (1,003,635 )
NET CURRENT ASSETS 946,243 804,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

984,129

846,122

PROVISIONS FOR LIABILITIES (3,912 ) (1,262 )
NET ASSETS 980,217 844,860

CAPITAL AND RESERVES
Called up share capital 9 11,429 11,429
Share premium 9,286 9,286
Capital redemption reserve 200,000 200,000
Retained earnings 759,502 624,145
SHAREHOLDERS' FUNDS 980,217 844,860

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:





A T Whittal-Williams - Director


Q Care Limited (Registered number: 02881343)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Q Care 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
Income is recognised at the point where care services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the period of the lease
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Q Care Limited (Registered number: 02881343)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 415 (2023 - 344 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 3,667 456,511 123,199 583,377
Additions - 17,755 2,349 20,104
Disposals - - (15,692 ) (15,692 )
At 31 March 2024 3,667 474,266 109,856 587,789
Depreciation
At 1 April 2023 3,667 418,796 118,914 541,377
Charge for year - 22,407 1,811 24,218
Eliminated on disposal - - (15,692 ) (15,692 )
At 31 March 2024 3,667 441,203 105,033 549,903
Net book value
At 31 March 2024 - 33,063 4,823 37,886
At 31 March 2023 - 37,715 4,285 42,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 801,045 656,796
Other debtors 258,773 249,683
1,059,818 906,479

Q Care Limited (Registered number: 02881343)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 122,150 126,553
Tax 77,562 31,310
Social security and other taxes 106,379 77,314
Proposed dividends 36,368 -
Other creditors 509,062 584,592
Directors' current accounts - 64,000
Accruals and deferred income 117,614 119,866
969,135 1,003,635

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 221,100 190,295
Between one and five years 315,589 271,260
In more than five years 16,454 49,363
553,143 510,918

8. SECURED DEBTS

The company's borrowings are secured by an unlimited debenture over the company's assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
114,286 Ordinary 10p 11,429 11,429

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Russell John Spencer (Senior Statutory Auditor)
for and on behalf of Acre Accountancy Limited