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Registered number: 11200096
Hind Care Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sheppards Chartered Accountants
Suite A, 2nd Floor Kennedy House
31 Stamford Street
Altrincham
Cheshire
WA14 1ES
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11200096
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,000
Tangible Assets 5 1,711,810 1,735,885
1,711,810 1,737,885
CURRENT ASSETS
Debtors 6 44,520 19,476
Cash at bank and in hand 15,047 38,909
59,567 58,385
Creditors: Amounts Falling Due Within One Year 7 (563,849 ) (678,159 )
NET CURRENT ASSETS (LIABILITIES) (504,282 ) (619,774 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,207,528 1,118,111
Creditors: Amounts Falling Due After More Than One Year 8 (591,482 ) (686,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,566 ) (6,933 )
NET ASSETS 608,480 425,178
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 608,380 425,078
SHAREHOLDERS' FUNDS 608,480 425,178
Page 1
Page 2
For the year ending 31 March 2024 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 directors acknowledge their 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
R Hind
Director
28th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hind Care Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11200096 . The registered office is 71 Crofts Bank Road, Urmston, Manchester, M41 0UB.
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, excluding discounts,
rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.
2.4. 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:
Freehold 1% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 33% straight line
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 80 (2023: 68)
80 68
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Amortisation
As at 1 April 2023 28,000
Provided during the period 2,000
As at 31 March 2024 30,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 2,000
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2023 1,750,000 77,547 1,827,547
Additions - 1,777 1,777
As at 31 March 2024 1,750,000 79,324 1,829,324
Depreciation
As at 1 April 2023 52,500 39,162 91,662
Provided during the period 17,500 8,352 25,852
As at 31 March 2024 70,000 47,514 117,514
Net Book Value
As at 31 March 2024 1,680,000 31,810 1,711,810
As at 1 April 2023 1,697,500 38,385 1,735,885
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,767 15,578
Other debtors 753 3,898
44,520 19,476
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,129 24,549
Bank loans and overdrafts 120,661 120,661
Other creditors 312,667 448,638
Taxation and social security 107,392 84,311
563,849 678,159
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 591,482 686,000
591,482 686,000
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 130,595 215,377
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5