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REGISTERED NUMBER: 08475254 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

GRACE CARE SERVICE LIMITED

GRACE CARE SERVICE LIMITED (REGISTERED NUMBER: 08475254)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRACE CARE SERVICE LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J Qiu
S C LEE





SECRETARY: J Qiu





REGISTERED OFFICE: Chateau Vingt
Firfields
Weybridge
KT13 0UB





REGISTERED NUMBER: 08475254 (England and Wales)





ACCOUNTANTS: Owadally & King
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

GRACE CARE SERVICE LIMITED (REGISTERED NUMBER: 08475254)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,469,571 1,487,245
1,469,572 1,487,246

CURRENT ASSETS
Debtors 6 414,616 226,622
Cash at bank 305,211 182,493
719,827 409,115
CREDITORS
Amounts falling due within one year 7 302,308 229,546
NET CURRENT ASSETS 417,519 179,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,887,091

1,666,815

CREDITORS
Amounts falling due after more than one
year

8

385,309

449,051
NET ASSETS 1,501,782 1,217,764

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,501,682 1,217,664
SHAREHOLDERS' FUNDS 1,501,782 1,217,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

GRACE CARE SERVICE LIMITED (REGISTERED NUMBER: 08475254)

Balance Sheet - continued
30 JUNE 2024


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 26 September 2024 and were signed on its behalf by:





J Qiu - Director


GRACE CARE SERVICE LIMITED (REGISTERED NUMBER: 08475254)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Grace Care Service 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents invoiced sales for services.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Hire purchase and leasing commitments
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 NIL (2023 - 47 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

GRACE CARE SERVICE LIMITED (REGISTERED NUMBER: 08475254)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1,384,415 409,169 1,793,584
Additions 6,600 8,230 14,830
At 30 June 2024 1,391,015 417,399 1,808,414
DEPRECIATION
At 1 July 2023 - 306,339 306,339
Charge for year - 32,504 32,504
At 30 June 2024 - 338,843 338,843
NET BOOK VALUE
At 30 June 2024 1,391,015 78,556 1,469,571
At 30 June 2023 1,384,415 102,830 1,487,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,732 8,571
Amounts owed by group undertakings 371,457 188,320
Other debtors 40,427 29,731
414,616 226,622

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,245 9,795
Trade creditors 38,309 21,450
Amounts owed to group undertakings 31,277 26,645
Taxation and social security 136,995 75,374
Other creditors 85,482 96,282
302,308 229,546

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,922 25,569
Other creditors 371,387 423,482
385,309 449,051

GRACE CARE SERVICE LIMITED (REGISTERED NUMBER: 08475254)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2023 1,217,664
Profit for the year 284,018
At 30 June 2024 1,501,682

11. RELATED PARTY DISCLOSURES

At the year ended 30 June 2024, the company owed £31,227 (2023: £26,645) to JLQ UK Services Ltd, the parent company.

During the year, the company paid management charges of £20,000 (2023 £20,000) to JLQ UK Services Ltd, the parent company.

At the year ended 30 June 2024 the company was owed £371,457 (2023: £188,320) from Joy Care Service Limited, a company within the same group.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is JLQ UK Services Limited.