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REGISTERED NUMBER: 06600164 (England and Wales)















Telecare 24 Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Telecare 24 Limited (Registered number: 06600164)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Telecare 24 Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: N S Evans
S Smith





REGISTERED OFFICE: Unit 2 Trident Court
East Moors Road
Ocean Way
Cardiff
CF24 5TD





REGISTERED NUMBER: 06600164 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Telecare 24 Limited (Registered number: 06600164)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 954,672 777,412

CURRENT ASSETS
Debtors 5 187,466 155,713
Cash at bank 243,753 224,105
431,219 379,818
CREDITORS
Amounts falling due within one year 6 428,265 401,223
NET CURRENT ASSETS/(LIABILITIES) 2,954 (21,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

957,626

756,007

CREDITORS
Amounts falling due after more than one year 7 (11,953 ) (53,209 )

PROVISIONS FOR LIABILITIES (177,594 ) (143,084 )
NET ASSETS 768,079 559,714

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 767,979 559,614
SHAREHOLDERS' FUNDS 768,079 559,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Income Statement 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:





N S Evans - Director


Telecare 24 Limited (Registered number: 06600164)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Telecare 24 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is measured recognised when services are delivered and legal title has passed. It is recognised at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Turnover includes revenue from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs

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.
Plant and machinery - 20% on cost
Computer equipment - 20% on cost

Assets in the course of construction are not depreciated.

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
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.

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.

Telecare 24 Limited (Registered number: 06600164)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis. The directors have considered the assets and liabilities of the company and are of the opinion that the company will continue to meet its liabilities as they fall due, with the financial support of the directors. The directors are satisfied that the company is a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 1,918,673 71,754 1,990,427
Additions 375,985 - 375,985
At 30 November 2023 2,294,658 71,754 2,366,412
DEPRECIATION
At 1 December 2022 1,169,518 43,497 1,213,015
Charge for year 185,394 13,331 198,725
At 30 November 2023 1,354,912 56,828 1,411,740
NET BOOK VALUE
At 30 November 2023 939,746 14,926 954,672
At 30 November 2022 749,155 28,257 777,412

At the period end the company held assets under hire purchase and finance lease agreements with a net book value of £749,164 (2022: £686,728). Depreciation of £205,547 (2022: £197,452) was charged in the period.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 23,791 25,667
Other debtors 163,675 130,046
187,466 155,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 36,295 36,295
Trade creditors 232,047 297,114
Taxation and social security 102,360 45,130
Other creditors 57,563 22,684
428,265 401,223

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 11,953 53,209

Telecare 24 Limited (Registered number: 06600164)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 48,248 89,504

All hire purchase leases are secured over the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
N S Evans
Balance outstanding at start of year 35,514 44,846
Amounts advanced 85,369 68,314
Amounts repaid (74,935 ) (77,646 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,948 35,514

S Smith
Balance outstanding at start of year 25,080 30,897
Amounts advanced 37,670 35,082
Amounts repaid (30,198 ) (40,899 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,552 25,080