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REGISTERED NUMBER: 06718009 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

RESOLVE (CARE NORTHERN) LIMITED

RESOLVE (CARE NORTHERN) LIMITED (REGISTERED NUMBER: 06718009)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESOLVE (CARE NORTHERN) LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: D King
Mrs M A Graham





REGISTERED OFFICE: Low House Farm
Binchester Lane Ends
Bishop Auckland
Co. Durham
DL14 8AW





REGISTERED NUMBER: 06718009 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

RESOLVE (CARE NORTHERN) LIMITED (REGISTERED NUMBER: 06718009)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,273,234 1,237,381

CURRENT ASSETS
Debtors 5 928,900 885,402
Cash at bank and in hand 394,268 398,005
1,323,168 1,283,407
CREDITORS
Amounts falling due within one year 6 459,129 390,398
NET CURRENT ASSETS 864,039 893,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,137,273

2,130,390

CREDITORS
Amounts falling due after more than one year 7 (543,843 ) (631,832 )

PROVISIONS FOR LIABILITIES (35,203 ) (57,685 )
NET ASSETS 1,558,227 1,440,873

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,558,127 1,440,773
SHAREHOLDERS' FUNDS 1,558,227 1,440,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

RESOLVE (CARE NORTHERN) LIMITED (REGISTERED NUMBER: 06718009)

Balance Sheet - continued
31 December 2023


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 17 September 2024 and were signed on its behalf by:





D King - Director


RESOLVE (CARE NORTHERN) LIMITED (REGISTERED NUMBER: 06718009)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Resolve (Care Northern) 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.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 10% on cost
Long leasehold - 10% on cost
Improvements to property - 4% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 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.

RESOLVE (CARE NORTHERN) LIMITED (REGISTERED NUMBER: 06718009)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 34 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Improvemen
Freehold Long to
property leasehold property
£    £    £   
COST
At 1 January 2023 874,901 382,366 60,161
Additions 146,289 - -
At 31 December 2023 1,021,190 382,366 60,161
DEPRECIATION
At 1 January 2023 - 326,590 10,021
Charge for year - 16,551 2,406
At 31 December 2023 - 343,141 12,427
NET BOOK VALUE
At 31 December 2023 1,021,190 39,225 47,734
At 31 December 2022 874,901 55,776 50,140

RESOLVE (CARE NORTHERN) LIMITED (REGISTERED NUMBER: 06718009)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 304,976 410,285 46,293 2,078,982
Additions 10,081 - 7,326 163,696
At 31 December 2023 315,057 410,285 53,619 2,242,678
DEPRECIATION
At 1 January 2023 295,023 168,676 41,291 841,601
Charge for year 6,476 98,897 3,513 127,843
At 31 December 2023 301,499 267,573 44,804 969,444
NET BOOK VALUE
At 31 December 2023 13,558 142,712 8,815 1,273,234
At 31 December 2022 9,953 241,609 5,002 1,237,381

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 874,901 54,000 385,698 1,314,599
Transfer to ownership - (54,000 ) - (54,000 )
At 31 December 2023 874,901 - 385,698 1,260,599
DEPRECIATION
At 1 January 2023 - 54,000 148,000 202,000
Charge for year - - 96,425 96,425
Transfer to ownership - (54,000 ) - (54,000 )
At 31 December 2023 - - 244,425 244,425
NET BOOK VALUE
At 31 December 2023 874,901 - 141,273 1,016,174
At 31 December 2022 874,901 - 237,698 1,112,599

RESOLVE (CARE NORTHERN) LIMITED (REGISTERED NUMBER: 06718009)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 168,601 160,199
Directors' loan accounts 706,256 681,359
Accrued income 47,449 37,250
Prepayments 6,594 6,594
928,900 885,402

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 54,000 59,364
Other loans 84,443 -
Hire purchase contracts 69,351 71,618
Credit card 9,179 11,462
Trade creditors 1,214 6,950
Tax 131,735 120,672
Social security and other taxes 44,197 45,138
Pensions 3,274 3,834
Other creditors 60,936 63,110
Accruals and deferred income 800 8,250
459,129 390,398

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 54,000 54,000
Bank loans - 2-5 years 162,000 162,000
Bank loans more 5 yr by instal 287,815 307,155
Hire purchase contracts 40,028 108,677
543,843 631,832

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 287,815 307,155

RESOLVE (CARE NORTHERN) LIMITED (REGISTERED NUMBER: 06718009)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 557,815 582,519
Hire purchase contracts 109,379 180,295
667,194 762,814

The overdraft is secured by a fixed and floating charge over all the assets by Lloyds TSB Bank.

The bank loans are secured on the property to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
D King and Mrs M A Graham
Balance outstanding at start of year 681,359 577,302
Amounts advanced 325,446 440,992
Amounts repaid (300,550 ) (336,935 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 706,255 681,359

The loan is interest free with no fixed date for repayment.

10. RELATED PARTY DISCLOSURES

During the year under review, rent amounting to £97,440 (2022 - £97,440) was paid to Graham and King Property. The proprietors of this business are D King and MA Graham who are also directors and shareholders of the company, Resolve (Care Northern) Limited.