Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08235663 Mr Md Golam Wayes Mr Sharif Ataullah Adnan Kamal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08235663 2023-03-31 08235663 2024-03-31 08235663 2023-04-01 2024-03-31 08235663 frs-core:CurrentFinancialInstruments 2024-03-31 08235663 frs-core:Non-currentFinancialInstruments 2024-03-31 08235663 frs-core:BetweenOneFiveYears 2024-03-31 08235663 frs-core:ComputerEquipment 2024-03-31 08235663 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08235663 frs-core:ComputerEquipment 2023-03-31 08235663 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 08235663 frs-core:FurnitureFittings 2024-03-31 08235663 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08235663 frs-core:FurnitureFittings 2023-03-31 08235663 frs-core:MotorVehicles 2024-03-31 08235663 frs-core:MotorVehicles 2023-04-01 2024-03-31 08235663 frs-core:MotorVehicles 2023-03-31 08235663 frs-core:OtherResidualIntangibleAssets 2024-03-31 08235663 frs-core:OtherResidualIntangibleAssets 2023-03-31 08235663 frs-core:WithinOneYear 2024-03-31 08235663 frs-core:CapitalRedemptionReserve 2024-03-31 08235663 frs-core:SharePremium 2024-03-31 08235663 frs-core:ShareCapital 2024-03-31 08235663 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08235663 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08235663 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08235663 frs-bus:SmallEntities 2023-04-01 2024-03-31 08235663 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08235663 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08235663 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08235663 frs-bus:OrdinaryShareClass1 2024-03-31 08235663 frs-core:CostValuation 2023-03-31 08235663 frs-core:CostValuation 2024-03-31 08235663 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 08235663 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 08235663 frs-bus:Director1 2023-04-01 2024-03-31 08235663 frs-bus:Director2 2023-04-01 2024-03-31 08235663 frs-core:Non-currentFinancialInstruments 1 2024-03-31 08235663 frs-core:CurrentFinancialInstruments 3 2024-03-31 08235663 frs-countries:EnglandWales 2023-04-01 2024-03-31 08235663 2022-03-31 08235663 2023-03-31 08235663 2022-04-01 2023-03-31 08235663 frs-core:CurrentFinancialInstruments 2023-03-31 08235663 frs-core:Non-currentFinancialInstruments 2023-03-31 08235663 frs-core:BetweenOneFiveYears 2023-03-31 08235663 frs-core:WithinOneYear 2023-03-31 08235663 frs-core:CapitalRedemptionReserve 2023-03-31 08235663 frs-core:SharePremium 2023-03-31 08235663 frs-core:ShareCapital 2023-03-31 08235663 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08235663 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 08235663 frs-core:Non-currentFinancialInstruments 1 2023-03-31 08235663 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 08235663
CARE NEXUS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08235663
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 451,634 108,054
Investments 6 84,505 84,505
536,139 192,559
CURRENT ASSETS
Debtors 7 1,833,323 1,507,551
Cash at bank and in hand 26,517 60,073
1,859,840 1,567,624
Creditors: Amounts Falling Due Within One Year 8 (996,385 ) (609,165 )
NET CURRENT ASSETS (LIABILITIES) 863,455 958,459
TOTAL ASSETS LESS CURRENT LIABILITIES 1,399,594 1,151,018
Creditors: Amounts Falling Due After More Than One Year 9 (437,060 ) (178,107 )
NET ASSETS 962,534 972,911
CAPITAL AND RESERVES
Called up share capital 11 150 150
Share premium account 149,900 149,900
Capital redemption reserve 50 50
Profit and Loss Account 812,434 822,811
SHAREHOLDERS' FUNDS 962,534 972,911
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Md Golam Wayes
Director
11 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CARE NEXUS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08235663 . The registered office is Whitechapel Centre, Unit- F8, 85 Myrdle Street, London, E1 1HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Franchise Fees. It is amortised to profit and loss account over life of the agreement of five years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 10% on cost
Fixtures & Fittings 33.33% on cost
Computer Equipment 33.33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
134 (2023: 125)
134 125
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 60,444
As at 31 March 2024 60,444
Amortisation
As at 1 April 2023 60,444
As at 31 March 2024 60,444
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 85,146 210,712 56,045 351,903
Additions 450,388 - 5,168 455,556
Disposals (78,281 ) - - (78,281 )
As at 31 March 2024 457,253 210,712 61,213 729,178
Depreciation
As at 1 April 2023 23,223 175,935 44,691 243,849
Provided during the period 38,516 11,591 5,507 55,614
Disposals (21,919 ) - - (21,919 )
As at 31 March 2024 39,820 187,526 50,198 277,544
Net Book Value
As at 31 March 2024 417,433 23,186 11,015 451,634
As at 1 April 2023 61,923 34,777 11,354 108,054
Page 4
Page 5
6. Investments
Other
£
Cost
As at 1 April 2023 84,505
As at 31 March 2024 84,505
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 84,505
As at 1 April 2023 84,505
The company's investments at the Balance Sheet date in the share capital of companies include the following:

Union Care Ltd
Nature of business: Recruitment of carers
Class of shares: Ordinary
% holding : 30.00

Cameron Quality Services Ltd
Nature of business: Recruitment of carers
Class of shares: Ordinary
% holding : 20.00

Nexus Properties London Ltd
Nature of business: Property investment
Class of shares: Ordinary
% holding : 18.00
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 931,894 890,978
Prepayments and accrued income 115,742 50,278
Other debtors 165,570 -
1,213,206 941,256
Due after more than one year
Other debtors: Rent Deposit 6,855 6,855
Amounts owed by associates 613,262 559,440
620,117 566,295
1,833,323 1,507,551
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,897 14,456
Trade creditors 47,586 67,237
Bank loans and overdrafts 788,443 383,479
Corporation tax. 39,691 47,329
Other taxes and social security 36,721 30,855
VAT 3,430 11,747
Accrued Expenses 54,617 26,160
Other creditor 4,450 10,361
Directors' loan accounts 13,550 17,541
996,385 609,165
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 355,757 33,506
Bank loans 81,303 144,601
437,060 178,107
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,897 14,456
Later than one year and not later than five years 355,757 33,506
363,654 47,962
363,654 47,962
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
150 Ordinary Shares of £ 1 each 150 150
Page 6