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REGISTERED NUMBER: 10038618 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

CARE NECESSITIES LIMITED

CARE NECESSITIES LIMITED (REGISTERED NUMBER: 10038618)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CARE NECESSITIES LIMITED

Company Information
for the year ended 30 June 2024







Directors: Miss S A Ford
Miss J A Reddish





Registered office: 35 Algitha Road
Skegness
Lincolnshire
PE25 2AJ





Registered number: 10038618 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

CARE NECESSITIES LIMITED (REGISTERED NUMBER: 10038618)

Statement of Financial Position
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 5,388 8,688

Current assets
Debtors 5 50,121 51,790
Cash at bank and in hand 21,603 10,712
71,724 62,502
Creditors
Amounts falling due within one year 6 51,207 56,295
Net current assets 20,517 6,207
Total assets less current liabilities 25,905 14,895

Creditors
Amounts falling due after more than one year 7 12,626 20,534
Net assets/(liabilities) 13,279 (5,639 )

Capital and reserves
Called up share capital 8 80 100
Capital redemption reserve 9 20 -
Retained earnings 9 13,179 (5,739 )
Shareholders' funds 13,279 (5,639 )

CARE NECESSITIES LIMITED (REGISTERED NUMBER: 10038618)

Statement of Financial Position - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 2 September 2024 and were signed on its behalf by:





Miss S A Ford - Director


CARE NECESSITIES LIMITED (REGISTERED NUMBER: 10038618)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Care Necessities 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipmt - 20% on cost and Straight line over 3 years

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 10 ) .

CARE NECESSITIES LIMITED (REGISTERED NUMBER: 10038618)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. Tangible fixed assets
Office
equipmt
£
Cost
At 1 July 2023
and 30 June 2024 17,202
Depreciation
At 1 July 2023 8,514
Charge for year 3,300
At 30 June 2024 11,814
Net book value
At 30 June 2024 5,388
At 30 June 2023 8,688

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 43,181 36,850
Loan to employee 4,904 4,904
Other debtors - 8,000
Prepayments 2,036 2,036
50,121 51,790

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 7,300 7,300
Trade creditors - 24,030
Social security and other taxes 3,982 4,037
VAT 18,396 12,355
Other creditors 1,785 1,633
Claimant Costs Recovery 7,000 -
Accruals and deferred income 12,744 6,940
51,207 56,295

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bounce back loan 12,626 20,534

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
80 Ordinary £1 80 100
(2023 - 100 )

CARE NECESSITIES LIMITED (REGISTERED NUMBER: 10038618)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


9. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 July 2023 (5,739 ) - (5,739 )
Profit for the year 25,918 25,918
Purchase of own shares (7,000 ) 20 (6,980 )
At 30 June 2024 13,179 20 13,199

10. Ultimate controlling party

The controlling party is Claimant Costs Recovery (North) ltd.

Claimant Costs Recovery (North) Limited now hold 75% of the share capital in Care Necessities Limited.

The company paid a dividend of £nil (2023 £nil) to Claimant Costs Recovery (North) Limited during the year.