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Company Registration No. 11057106 (England and Wales)
Mutual Care Limited Unaudited accounts for the year ended 30 November 2023
Mutual Care Limited Company Information for the year ended 30 November 2023
Director
Paul King
Company Number
11057106 (England and Wales)
Registered Office
Grafton Lodge Battery Lane Portishead BS20 7JD
Accountants
Lumos Solutions Limited Basement, Weavers House 1 Gardens Road Clevedon North Somerset BS21 7QQ
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Mutual Care Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,361 
29,071 
Current assets
Debtors
100,164 
144,924 
Cash at bank and in hand
36,723 
10,419 
136,887 
155,343 
Creditors: amounts falling due within one year
(280,686)
(273,953)
Net current liabilities
(143,799)
(118,610)
Total assets less current liabilities
(114,438)
(89,539)
Creditors: amounts falling due after more than one year
(4,737)
(7,905)
Provisions for liabilities
Deferred tax
(333)
(913)
Net liabilities
(119,508)
(98,357)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(119,608)
(98,457)
Shareholders' funds
(119,508)
(98,357)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2024 and were signed on its behalf by
Paul King Director Company Registration No. 11057106
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Mutual Care Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Mutual Care Limited is a private company, limited by shares, registered in England and Wales, registration number 11057106. The registered office is Grafton Lodge, Battery Lane, Portishead, BS20 7JD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
33% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Mutual Care Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
6,346 
17,500 
24,033 
8,906 
56,785 
Additions
- 
4,298 
2,098 
5,307 
11,703 
Disposals
- 
- 
(549)
(2,200)
(2,749)
At 30 November 2023
6,346 
21,798 
25,582 
12,013 
65,739 
Depreciation
At 1 December 2022
5,464 
5,664 
11,192 
5,394 
27,714 
Charge for the year
882 
3,407 
4,876 
1,066 
10,231 
On disposals
- 
- 
(284)
(1,283)
(1,567)
At 30 November 2023
6,346 
9,071 
15,784 
5,177 
36,378 
Net book value
At 30 November 2023
- 
12,727 
9,798 
6,836 
29,361 
At 30 November 2022
882 
11,836 
12,841 
3,512 
29,071 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,690 
49,170 
Accrued income and prepayments
20,321 
55,601 
Other debtors
40,153 
40,153 
100,164 
144,924 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,157 
3,148 
Trade creditors
9,848 
43,332 
Taxes and social security
18,524 
13,717 
Other creditors
2,571 
2,000 
Loans from directors
246,246 
211,111 
Accruals
340 
645 
280,686 
273,953 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,737 
7,905 
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Mutual Care Limited Notes to the Accounts for the year ended 30 November 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Jason Pincott
Advances made
20,870 
- 
20,870 
- 
20,870 
- 
20,870 
- 
This loan was transferred to the executor of Mr Pincott's estate on the date of his death, and remains payable accordingly.
9
Transactions with related parties
During the year, a member of key management personnel provided a loan to the company of £35,134.84 (2022 - £38,131.93). The loan is interest-free, repayable on demand, and at the balance sheet date £246,246.25 (2022 - £211,111.41) is outstanding and is presented within creditors: amounts falling due within one year. During the year, £0 (2022 - £2,500) was paid to FLT Properties Ltd and £227.83 (2022 - £1,664.21) was received from FLT Properties Ltd. At 30/11/2023, outstanding balances remaining were as follows: - Mutual Care Ltd owed FLT properties £70.54 (2022 - £140.55) FLT Properties Ltd owed £0 to Mutual Care Ltd (2022-£49.59). Overall outstanding balance £70.54 (2022 - £90.96), which is owed to FLT Properties Ltd. There was a Director's loan outstanding at the year end of £20,870.33. On the date of the death of the director this loan was transferred to Mrs Pincott, the executor of Mr Pincott's estate and remains payable accordingly. The spouse of a director owns 100% of the issued share capital of FLT Properties Limited. There are no other related party transactions (Prior Year £0).
10
Average number of employees
During the year the average number of employees was 30 (2022: 27).
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