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REGISTERED NUMBER: 13738638 (England and Wales)



















AASRA CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






AASRA CARE LIMITED (REGISTERED NUMBER: 13738638)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AASRA CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr L Kallar
Mr S Kallar
Mr J S Kang





REGISTERED OFFICE: 150 Station Road
Sidcup
Kent
DA15 7AB





REGISTERED NUMBER: 13738638 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

AASRA CARE LIMITED (REGISTERED NUMBER: 13738638)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,336 19,892

CURRENT ASSETS
Debtors 5 130,957 9,416
Cash at bank and in hand 11,701 32,349
142,658 41,765
CREDITORS
Amounts falling due within one year 6 37,786 15,122
NET CURRENT ASSETS 104,872 26,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,208

46,535

CREDITORS
Amounts falling due after more than one
year

7

449,244

285,000
NET LIABILITIES (318,036 ) (238,465 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (318,186 ) (238,615 )
SHAREHOLDERS' FUNDS (318,036 ) (238,465 )

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

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

AASRA CARE LIMITED (REGISTERED NUMBER: 13738638)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




Mr L Kallar - Director Mr S Kallar - Director




Mr J S Kang - Director


AASRA CARE LIMITED (REGISTERED NUMBER: 13738638)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

AASRA 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


AASRA CARE LIMITED (REGISTERED NUMBER: 13738638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

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 year 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.

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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 14,743 8,606 23,349
Additions 9,836 5,341 15,177
At 31 May 2024 24,579 13,947 38,526
DEPRECIATION
At 1 June 2023 2,157 1,300 3,457
Charge for year 5,164 3,569 8,733
At 31 May 2024 7,321 4,869 12,190
NET BOOK VALUE
At 31 May 2024 17,258 9,078 26,336
At 31 May 2023 12,586 7,306 19,892

AASRA CARE LIMITED (REGISTERED NUMBER: 13738638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 117,007 -
Other debtors 13,950 9,416
130,957 9,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,937 4,567
Taxation and social security 24,349 5,288
Other creditors 2,500 5,267
37,786 15,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 449,244 285,000

AASRA CARE LIMITED (REGISTERED NUMBER: 13738638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. RELATED PARTY DISCLOSURES

Kallariew Homes Limited
A company which L Kallar is a shareholder and director.

Amount due to related party at the balance sheet date is £142,500 (2023: £95,000)

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Kallar Investment Limited
A company which L Kallar is a shareholder and director.

Amount due to related party at the balance sheet date is £20,000 (2023: £Nil)

During the year, rent paid to Kallar Investment Ltd of £4,800 (2023: £Nil)

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Kallar Limited
A company which L Kallar is a shareholder and director.

Amount due to related party at the balance sheet date is £3,744 (2023: £Nil)

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Taylorview Limited
A company which S Kallar is a shareholder and director.

Amount due to related party at the balance sheet date is £142,500 (2023: £95,000)

During the year, rent paid to Taylorview Ltd of £24,000 (2023:£6,000)

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Ridgecroft Investments Limited
A company which J Kang is a shareholder and director.

Amount due to related party at the balance sheet date is £140,500 (2023: £95,000)

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

1LSK Properties Limited
A company which L Kallar & S Kallar is a shareholder and director.

During the year, rent paid to 1LSK Properties Limited of £24,000 (2023: £12,000)

9. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by Amare Holdings Limited, Danson Group Limited and Mertonian Holdings Limited. There is no ultimate controlling party.