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RETRACARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2023 TO 12TH JULY 2024






RETRACARE LIMITED (REGISTERED NUMBER: 02621451)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2023 TO 12TH JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 5

RETRACARE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST NOVEMBER 2023 TO 12TH JULY 2024







DIRECTORS: R J Hughes
A O'Gorman
G M Todd
P D Mead
G W Russell





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate, Kempston
Bedford
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 02621451 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

RETRACARE LIMITED (REGISTERED NUMBER: 02621451)

BALANCE SHEET
12TH JULY 2024

12/7/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 336 448

CURRENT ASSETS
Debtors 5 - 188,638
Cash at bank and in hand 29,241 42,445
29,241 231,083
CREDITORS
Amounts falling due within one year 6 5,770 102,163
NET CURRENT ASSETS 23,471 128,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,807

129,368

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 23,707 129,268
SHAREHOLDERS' FUNDS 23,807 129,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 12th July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 12th July 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2024 and were signed on its behalf by:





R J Hughes - Director


RETRACARE LIMITED (REGISTERED NUMBER: 02621451)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2023 TO 12TH JULY 2024

1. STATUTORY INFORMATION

Retracare 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.

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.

The accounts are prepared on a break up basis, with all assets and liabilities shown at their recoverable amount.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover for the year represents commission charges, excluding value added tax, receivable from the arranging of extended service plans, net of deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss, 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 period 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 period was 2 (2023 - 2 ) .

RETRACARE LIMITED (REGISTERED NUMBER: 02621451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2023 TO 12TH JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2023
and 12th July 2024 8,408 6,725 15,133
DEPRECIATION
At 1st November 2023 8,312 6,373 14,685
Charge for period 24 88 112
At 12th July 2024 8,336 6,461 14,797
NET BOOK VALUE
At 12th July 2024 72 264 336
At 31st October 2023 96 352 448

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12/7/24 31/10/23
£    £   
Other debtors - 187,413
Prepayments and accrued income - 1,225
- 188,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12/7/24 31/10/23
£    £   
Trade creditors - 92,170
Social security and other taxes 3,553 3,692
VAT 217 4,504
Other creditors - 47
Accrued expenses 2,000 1,750
5,770 102,163

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 12/7/24 31/10/23
value: £    £   
100 Ordinary shares 1 100 100

8. ULTIMATE PARENT COMPANY

The ultimate parent company at the balance sheet date was Retra Limited. Their registered office is First Floor, Woburn Court, 2 Railton Road, Woburn Road Industrial Estate, Kempston, Bedfordshire, MK42 7PN.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RETRACARE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Retracare Limited for the period ended 12th July 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Retracare Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Retracare Limited and state those matters that we have agreed to state to the Board of Directors of Retracare Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Retracare Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Retracare Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Retracare Limited. You consider that Retracare Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Retracare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


2nd September 2024