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REGISTERED NUMBER: 04542738 (England and Wales)















Financial Statements

for the Period

1 November 2022 to 31 December 2023

for

Coton Care Limited

Coton Care Limited (Registered number: 04542738)






Contents of the Financial Statements
for the Period 1 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coton Care Limited

Company Information
for the Period 1 November 2022 to 31 December 2023







DIRECTORS: Ms I Dubylovska
Mrs R A Howell
S Rizvi





REGISTERED OFFICE: 55 Coton Road
Penn
Wolverhampton
West Midlands
WV4 5AT





REGISTERED NUMBER: 04542738 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Coton Care Limited (Registered number: 04542738)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,792 30,964
42,792 30,964

CURRENT ASSETS
Debtors 6 330,628 51,808
Cash at bank and in hand 178,729 295,163
509,357 346,971
CREDITORS
Amounts falling due within one year 7 (240,091 ) (228,879 )
NET CURRENT ASSETS 269,266 118,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,058

149,056

CREDITORS
Amounts falling due after more than one year 8 - (141,707 )

PROVISIONS FOR LIABILITIES (10,467 ) (5,702 )
NET ASSETS 301,591 1,647

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 301,491 1,547
SHAREHOLDERS' FUNDS 301,591 1,647

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 23 September 2024 and were signed on its behalf by:





S Rizvi - Director


Coton Care Limited (Registered number: 04542738)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

Coton Care 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

For the purpose of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently where there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

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 cost and 15% on cost

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants received.

Taxation
Taxation for the period 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.


Coton Care Limited (Registered number: 04542738)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any used holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 59 (2022 - 53 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 December 2023 255,000
AMORTISATION
At 1 November 2022
and 31 December 2023 255,000
NET BOOK VALUE
At 31 December 2023 -
At 31 October 2022 -

Coton Care Limited (Registered number: 04542738)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 255,640
Additions 14,382
At 31 December 2023 270,022
DEPRECIATION
At 1 November 2022 224,676
Charge for period 2,554
At 31 December 2023 227,230
NET BOOK VALUE
At 31 December 2023 42,792
At 31 October 2022 30,964

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 65,897 51,808
Amounts owed by group undertakings 255,977 -
Other debtors 8,754 -
330,628 51,808

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 50,000
Trade creditors 35,441 -
Amounts owed to group undertakings 385 17,626
Taxation and social security 194,602 94,161
Other creditors 9,663 67,092
240,091 228,879

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 141,707

9. SECURED DEBTS

Barclays Bank plc hold a fixed and floating charge over the assets dated 5 April 2023.

Coton Care Limited (Registered number: 04542738)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

12. ULTIMATE CONTROLLING PARTY

The immediate parent company is Coton Holdings Limited, by virtue of its 100% shareholding in Coton Care Limited.

The ultimate controlling party is RDCP Care Limited, by virtue of its 100% shareholding in Coton Holdings Limited. RDCP Care Limited is controlled by its Ms I Dubylovska and S Rizvi, who are equal shareholders and directors of the company.

On 2 April 2024 RDCP Care Limited became a wholly owned subsidiary of RDCP Care Holdings Limited. There is no change in the controlling shareholders and directors.