Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 8523285 Mrs BARBARA DAMPSON iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8523285 2023-05-31 8523285 2024-05-31 8523285 2023-06-01 2024-05-31 8523285 frs-core:CurrentFinancialInstruments 2024-05-31 8523285 frs-core:Non-currentFinancialInstruments 2024-05-31 8523285 frs-core:ComputerEquipment 2024-05-31 8523285 frs-core:ComputerEquipment 2023-06-01 2024-05-31 8523285 frs-core:ComputerEquipment 2023-05-31 8523285 frs-core:FurnitureFittings 2024-05-31 8523285 frs-core:FurnitureFittings 2023-06-01 2024-05-31 8523285 frs-core:FurnitureFittings 2023-05-31 8523285 frs-core:ShareCapital 2024-05-31 8523285 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 8523285 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 8523285 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 8523285 frs-bus:SmallEntities 2023-06-01 2024-05-31 8523285 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 8523285 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 8523285 frs-bus:Director1 2023-06-01 2024-05-31 8523285 frs-countries:EnglandWales 2023-06-01 2024-05-31 8523285 2022-05-31 8523285 2023-05-31 8523285 2022-06-01 2023-05-31 8523285 frs-core:CurrentFinancialInstruments 2023-05-31 8523285 frs-core:Non-currentFinancialInstruments 2023-05-31 8523285 frs-core:ShareCapital 2023-05-31 8523285 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 8523285
CARE WORLD AGENCY LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
CLASSIC ACCOUNTANCY SERVICES (UK) LTD
33a Crook Log
Bexleyheath
Kent
DA6 8EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 8523285
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,488 4,982
4,488 4,982
CURRENT ASSETS
Debtors 5 92,000 140,712
Cash at bank and in hand 46,617 10,011
138,617 150,723
Creditors: Amounts Falling Due Within One Year 6 (15,681 ) (25,393 )
NET CURRENT ASSETS (LIABILITIES) 122,936 125,330
TOTAL ASSETS LESS CURRENT LIABILITIES 127,424 130,312
Creditors: Amounts Falling Due After More Than One Year 7 (73,608 ) (88,890 )
NET ASSETS 53,816 41,422
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 53,815 41,421
SHAREHOLDERS' FUNDS 53,816 41,422
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs BARBARA DAMPSON
Director
27/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CARE WORLD AGENCY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 8523285 . The registered office is UNIT 133, CHALLENGE HOUSE, 616 MITCHAM ROAD, CROYDON, CR0 3AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25%
Computer Equipment 25
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2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 32 32
33 33
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 9,300 10,500 19,800
Additions 1,000 - 1,000
As at 31 May 2024 10,300 10,500 20,800
...CONTINUED
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Depreciation
As at 1 June 2023 7,033 7,785 14,818
Provided during the period 816 678 1,494
As at 31 May 2024 7,849 8,463 16,312
Net Book Value
As at 31 May 2024 2,451 2,037 4,488
As at 1 June 2023 2,267 2,715 4,982
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 52,000 140,712
Other debtors 40,000 -
92,000 140,712
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 5,838 3,882
Other taxes and social security 9,843 21,511
15,681 25,393
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 73,608 88,890
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
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10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 12,000 10,000
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