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REGISTERED NUMBER: 02075995 (England and Wales)















Future Care Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Future Care Limited (Registered number: 02075995)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Future Care Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: I O'Brien
C O'Sullivan





REGISTERED OFFICE: Nashley House
27 Montpelier
Weston-Super-Mare
North Somerset
BS23 2RN





REGISTERED NUMBER: 02075995 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Future Care Limited (Registered number: 02075995)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 280,109 290,266
280,109 290,266

CURRENT ASSETS
Stocks 1,250 1,250
Debtors 6 316,544 325,993
Cash at bank and in hand 310,693 354,747
628,487 681,990
CREDITORS
Amounts falling due within one year 7 160,666 298,463
NET CURRENT ASSETS 467,821 383,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,930

673,793

PROVISIONS FOR LIABILITIES 40,426 42,235
NET ASSETS 707,504 631,558

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 707,502 631,556
SHAREHOLDERS' FUNDS 707,504 631,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

Future Care Limited (Registered number: 02075995)

Statement of Financial Position - continued
31 July 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 2 October 2024 and were signed on its behalf by:




I O'Brien - Director



C O'Sullivan - Director


Future Care Limited (Registered number: 02075995)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Future 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 " The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Revenue is measured recognised when services are carried out. It is recognised at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, was previously being amortised over an estimated useful life of ten years. During the year ended 28 February 2018 the directors have revised their estimation of the remaining useful life to 5 years, with the remaining book value being amortised evenly over this period.

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 - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

Future Care Limited (Registered number: 02075995)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 1,800,000
AMORTISATION
At 1 August 2023
and 31 July 2024 1,800,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 92,088 185,552 327,511 22,771 627,922
Additions - 1,422 13,802 1,271 16,495
At 31 July 2024 92,088 186,974 341,313 24,042 644,417
DEPRECIATION
At 1 August 2023 - 137,258 181,159 19,239 337,656
Charge for year - 9,861 15,670 1,121 26,652
At 31 July 2024 - 147,119 196,829 20,360 364,308
NET BOOK VALUE
At 31 July 2024 92,088 39,855 144,484 3,682 280,109
At 31 July 2023 92,088 48,294 146,352 3,532 290,266

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 4,252 86,961
Amounts owed by group undertakings 292,383 222,424
Other debtors 19,909 16,608
316,544 325,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 14,830 11,221
Taxation and social security 82,051 85,906
Other creditors 63,785 201,336
160,666 298,463

Future Care Limited (Registered number: 02075995)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. RELATED PARTY DISCLOSURES

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.