1 January 2023 false Taxfiler 2024.5 06022952business:PrivateLimitedCompanyLtd2023-01-012023-12-31 060229522022-12-31 060229522023-01-012023-12-31 06022952business:AuditExemptWithAccountantsReport2023-01-012023-12-31 06022952business:FilletedAccounts2023-01-012023-12-31 060229522023-12-31 06022952business:Director12023-01-012023-12-31 06022952business:RegisteredOffice2023-01-012023-12-31 060229522022-12-31 06022952core:WithinOneYear2023-12-31 06022952core:WithinOneYear2022-12-31 06022952core:AfterOneYear2023-12-31 06022952core:AfterOneYear2022-12-31 06022952core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 06022952core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 06022952core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 06022952core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 06022952core:PreviouslyStatedAmount2023-12-31 06022952core:PreviouslyStatedAmount2022-12-31 06022952business:SmallEntities2023-01-012023-12-31 06022952countries:EnglandWales2023-01-012023-12-31 06022952core:PlantMachinery2023-01-012023-12-31 06022952core:MotorVehicles2023-01-012023-12-31 06022952core:FurnitureFittings2023-01-012023-12-31 06022952core:PlantMachinery2022-12-31 06022952core:MotorVehicles2022-12-31 06022952core:FurnitureFittings2022-12-31 06022952core:PlantMachinery2023-12-31 06022952core:MotorVehicles2023-12-31 06022952core:FurnitureFittings2023-12-31 06022952business:OrdinaryShareClass12023-01-012023-12-31 06022952business:OrdinaryShareClass12022-01-012022-12-31 060229522022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06022952 (England and Wales)
NEOCARE UK LIMITED Unaudited accounts for the year ended 31 December 2023
NEOCARE UK LIMITED Unaudited accounts Contents
Page
- 2 -
NEOCARE UK LIMITED Company Information for the year ended 31 December 2023
Director
Stephen Peter Ladley
Company Number
06022952 (England and Wales)
Registered Office
Katswell Grange Joyford Coleford GL16 7AR
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of NEOCARE UK LIMITED for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEOCARE UK LIMITED for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 2 February 2024
- 4 -
NEOCARE UK LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
382,420 
193,170 
Current assets
Inventories
7,800 
11,850 
Debtors
31,142 
4,535 
Cash at bank and in hand
333,239 
171,064 
372,181 
187,449 
Creditors: amounts falling due within one year
(189,880)
(72,742)
Net current assets
182,301 
114,707 
Total assets less current liabilities
564,721 
307,877 
Creditors: amounts falling due after more than one year
(82,885)
(79,580)
Provisions for liabilities
Deferred tax
(31,797)
- 
Net assets
450,039 
228,297 
Capital and reserves
Called up share capital
180 
180 
Profit and loss account
449,859 
228,117 
Shareholders' funds
450,039 
228,297 
For the year ending 31 December 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 2 February 2024 and were signed on its behalf by
Stephen Peter Ladley Director Company Registration No. 06022952
- 5 -
NEOCARE UK LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
NEOCARE UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06022952. The registered office is Katswell Grange Joyford, Coleford, GL16 7AR.
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.
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.
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
10 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
5 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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.
- 6 -
NEOCARE UK LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
101,529 
295,107 
139,967 
536,603 
Additions
261,822 
- 
- 
261,822 
At 31 December 2023
363,351 
295,107 
139,967 
798,425 
Depreciation
At 1 January 2023
59,823 
226,399 
57,211 
343,433 
Charge for the year
13,258 
38,118 
21,196 
72,572 
At 31 December 2023
73,081 
264,517 
78,407 
416,005 
Net book value
At 31 December 2023
290,270 
30,590 
61,560 
382,420 
At 31 December 2022
41,706 
68,708 
82,756 
193,170 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
7,800 
11,850 
7,800 
11,850 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,142 
4,535 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,265 
6,267 
Trade creditors
102,364 
57,538 
Taxes and social security
34,441 
6,971 
Accruals
2,000 
1,966 
Deferred income
39,810 
- 
189,880 
72,742 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
12,130 
5,234 
Loans from directors
70,755 
74,346 
82,885 
79,580 
- 7 -
NEOCARE UK LIMITED Notes to the Accounts for the year ended 31 December 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
180 Ordinary shares of £1 each
180 
180 
10
Transactions with related parties
At the year end the company was due £12,130 (2022: £5,234) from Neocare Fabrications Ltd (10690466) an entity under common control.
11
Average number of employees
During the year the average number of employees was 5 (2022: 3).
- 8 -