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REGISTERED NUMBER: 05703578 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Care Development East Limited

Care Development East Limited (Registered number: 05703578)






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


Care Development East Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Lucy Humphrey
Christine Laverock
Julia Stephens-Row
Joanne Broadbent
Tim Jennings





REGISTERED OFFICE: Unit 9 Norfolk House
Williamsport Way
Lion Barn Industrial Estate
Needham Market
Suffolk
IP6 8RW





REGISTERED NUMBER: 05703578 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Care Development East Limited (Registered number: 05703578)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,036 5,943

CURRENT ASSETS
Debtors 5 13,184 80,779
Cash at bank 666,276 707,180
679,460 787,959
CREDITORS
Amounts falling due within one year 6 239,571 346,427
NET CURRENT ASSETS 439,889 441,532
TOTAL ASSETS LESS CURRENT LIABILITIES 444,925 447,475

RESERVES
Non-distributable reserves (unspent grant
monies)

444,925

447,475
444,925 447,475

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 surplus or deficit 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.

Care Development East Limited (Registered number: 05703578)

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:




Lucy Humphrey - Director



Christine Laverock - Director


Care Development East Limited (Registered number: 05703578)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The company is a private company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

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 company is a public entity committed by its Memorandum and Articles of Association to expend any surplus on its objects rather than distributions being possible. Consequently, any profit and loss account surpluses arising in an accounting period are transferred to a special non-distributable reserve (unspent grant monies).

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of educational services and work carried out on related contracts in the ordinary course of the company's activities and includes grants from organisations including Skills for Care, part of the Sector Skills Council for care and development, and Suffolk County Council.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and office equipment - 25% on cost

Government grants
Grants are credited to income as specified outcomes are achieved or to match the recognition of related costs as appropriate depending on the terms of the grants. Where grants are not related to specific outcomes or costs, they are recognised in income when received or receivable, Grant amounts not so credited are included within creditors.

Taxation
Due to its non-profit making nature, it has been agreed with HM Revenue & Customs that the company is not subject to corporation tax on any operating surplus.

Any current income tax charge applies to interest income and is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Care Development East Limited (Registered number: 05703578)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Operational receivables
Operational receivables are amounts due in respect of grants or other projects performance in the ordinary course of the company's activities.

Operational receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of operational receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Supplier payables
Supplier payables are obligations to pay for goods or services that have been acquired in the ordinary course fo the company's activities from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Supplier payables are recognised initially as the transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily available into known amounts of cash and are subject to an insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
office
equipment
£   
COST
At 1 July 2023 26,816
Additions 1,566
At 30 June 2024 28,382
DEPRECIATION
At 1 July 2023 20,873
Charge for year 2,473
At 30 June 2024 23,346
NET BOOK VALUE
At 30 June 2024 5,036
At 30 June 2023 5,943

Care Development East Limited (Registered number: 05703578)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Operational receivables - 66,500
Other debtors 13,184 14,279
13,184 80,779

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Supplier payables 13,131 10,477
Other creditors 226,440 335,950
239,571 346,427