Company registration number 12547891 (England and Wales)
ROAM CARE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ROAM CARE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ROAM CARE LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
101,986
80,451
Current assets
Stocks
262,525
171,641
Debtors
5
1,230,306
53,175
Cash at bank and in hand
33,092
912,100
1,525,923
1,136,916
Creditors: amounts falling due within one year
6
(144,338)
(132,984)
Net current assets
1,381,585
1,003,932
Net assets
1,483,571
1,084,383
Capital and reserves
Called up share capital
197
170
Share premium account
8
3,715,723
2,538,064
Profit and loss reserves
(2,232,349)
(1,453,851)
Total equity
1,483,571
1,084,383

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 February 2024 and are signed on its behalf by:
Mr Benjamin Taylor
Director
Company registration number 12547891 (England and Wales)
ROAM CARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Roam Care Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 86-90 Paul Street, London, England, EC2A 4NE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The accounts are prepared on the going concern basis on the assumption that the company's creditors continue to provide financial support to the company.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost and 50% on cost
Computers
33% on cost
1.5
Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

ROAM CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
6
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
(103,798)
-
0
ROAM CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
133,333
Additions
74,535
At 31 December 2023
207,868
Depreciation and impairment
At 1 January 2023
52,882
Depreciation charged in the year
53,000
At 31 December 2023
105,882
Carrying amount
At 31 December 2023
101,986
At 31 December 2022
80,451
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
64,933
4,480
Other debtors
1,165,373
48,695
1,230,306
53,175
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
17,858
71,290
Taxation and social security
47,289
8,788
Other creditors
79,191
52,906
144,338
132,984
ROAM CARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
7
Share Capital

Allotted, issued and fully paid:

 

 

 

 

 

 

 

 

 

Number:

Class:

 

 

Nominal value:

 

2023

£

2022

£

1,978,667

Ordinary

 

£0.0001

 

197

170

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

On 7 August 2023, 271,661 shares were issued at a premium of £4.27 per share.

 

 

 

 

 

 

8
Share premium account
2023
2022
£
£
At the beginning of the year
2,538,064
349,984
Issue of new shares
1,177,659
2,188,080
At the end of the year
3,715,723
2,538,064
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