CARE ADVOCATES LTD

Company Registration Number:
08382105 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

CARE ADVOCATES LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CARE ADVOCATES LTD

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 1,940,770 1,712,661
Cost of sales: ( 522,172 ) ( 504,924 )
Gross profit(or loss): 1,418,598 1,207,737
Distribution costs: ( 1,824 ) ( 1,633 )
Administrative expenses: ( 1,058,429 ) ( 1,092,109 )
Operating profit(or loss): 358,345 113,995
Interest payable and similar charges: ( 45,790 ) ( 11,853 )
Profit(or loss) before tax: 312,555 102,142
Tax: ( 59,385 ) ( 19,407 )
Profit(or loss) for the financial year: 253,170 82,735

CARE ADVOCATES LTD

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 4,754 5,120
Tangible assets: 4 31,188 26,913
Total fixed assets: 35,942 32,033
Current assets
Debtors: 5 575,588 196,755
Cash at bank and in hand: 27,978 50,837
Total current assets: 603,566 247,592
Net current assets (liabilities): 603,566 247,592
Total assets less current liabilities: 639,508 279,625
Creditors: amounts falling due after more than one year: 6 ( 141,574 ) ( 34,861 )
Total net assets (liabilities): 497,934 244,764
Capital and reserves
Called up share capital: 78,899 78,899
Profit and loss account: 419,035 165,865
Total Shareholders' funds: 497,934 244,764

The notes form part of these financial statements

CARE ADVOCATES LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: LEWIS KHAKA
Status: Director

The notes form part of these financial statements

CARE ADVOCATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The Company's net income mainly arises on account of providng services like, temporary employment agency activities, Hospital activities, Other human health activities, and resdiential care activities, mental health etc. The company provide these services to Government departments that are exempt from VAT. Revenue is recognised when the Company satisfies a performance obligation by transferring a promised service to a customer. The Company recognises income in respect of when services are rendered as the performance obligation are generally met over time. During the year the company has also received grants from HMRC for COVID-19 support, which are recognised when received from the HMRC and these receipts are also exempt from VAT

    Tangible fixed assets depreciation policy

    Property Plant, equipment, and intangible assets are stated at cost less accumulated depreciation and impairment losses, if any. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The cost of day-to-day servicing is charged to the income and expenditure statement during the incurred period Depreciation / Amortization is charged to the income and expenditure statement on a straight-line method at the rates specified in Note 5. Depreciation on additions to the Non-current assets is charged from the month in which the asset is available for use and no depreciation is charged for the month in which the property and equipment are disposed of. An item of operating Non-Current assets is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on disposal of the asset which is determined by comparing the proceeds from disposal with the carrying amount of Non-current assets is included in the income and expenditure statement.

    Intangible fixed assets amortisation policy

    Property Plant, equipment, and intangible assets are stated at cost less accumulated depreciation and impairment losses, if any. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The cost of day-to-day servicing is charged to the income and expenditure statement during the incurred period Depreciation / Amortization is charged to the income and expenditure statement on a straight-line method at the rates specified in Note 5. Depreciation on additions to the Non-current assets is charged from the month in which the asset is available for use and no depreciation is charged for the month in which the property and equipment are disposed of. An item of operating Non-Current assets is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on disposal of the asset which is determined by comparing the proceeds from disposal with the carrying amount of Non-current assets is included in the income and expenditure statement.

CARE ADVOCATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 22 22

CARE ADVOCATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 February 2023 5,120 5,120
Additions 823 823
Disposals
Revaluations
Transfers
At 31 January 2024 5,943 5,943
Amortisation
At 1 February 2023 0 0
Charge for year 1,189 1,189
On disposals
Other adjustments
At 31 January 2024 1,189 1,189
Net book value
At 31 January 2024 4,754 4,754
At 31 January 2023 5,120 5,120

CARE ADVOCATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 13,600 11,165 2,148 26,913
Additions 5,572 6,501 12,073
Disposals
Revaluations
Transfers
At 31 January 2024 13,600 16,737 8,649 38,986
Depreciation
At 1 February 2023 0 0 0 0
Charge for year 2,720 3,348 1,730 7,798
On disposals
Other adjustments
At 31 January 2024 2,720 3,348 1,730 7,798
Net book value
At 31 January 2024 10,880 13,389 6,919 31,188
At 31 January 2023 13,600 11,165 2,148 26,913

CARE ADVOCATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 382,587 93,475
Other debtors 193,001 103,280
Total 575,588 196,755

CARE ADVOCATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 141,574 34,861
Total 141,574 34,861