REGISTERED NUMBER: |
Vcare-24 Limited |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
REGISTERED NUMBER: |
Vcare-24 Limited |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
Vcare-24 Limited (Registered number: 11014577) |
Contents of the Financial Statements |
for the year ended 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Vcare-24 Limited |
Company Information |
for the year ended 31 August 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Hart Wright Accounting |
Chartered Certified Accountants |
24 Hall Drive |
Sutton In Craven |
North Yorkshire |
BD20 7NH |
Vcare-24 Limited (Registered number: 11014577) |
Balance Sheet |
31 August 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
Vcare-24 Limited (Registered number: 11014577) |
Balance Sheet - continued |
31 August 2024 |
The financial statements were approved by the director and authorised for issue on |
Vcare-24 Limited (Registered number: 11014577) |
Notes to the Financial Statements |
for the year ended 31 August 2024 |
1. | STATUTORY INFORMATION |
Vcare-24 Limited is a |
2. | STATEMENT OF COMPLIANCE |
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. These financial statements have been prepared in accordance with Financial Reporting Standard 102 |
Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
Taxation |
Taxation for the year 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. |
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. |
Vcare-24 Limited (Registered number: 11014577) |
Notes to the Financial Statements - continued |
for the year ended 31 August 2024 |
3. | ACCOUNTING POLICIES - continued |
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 convertible to a known amount of cash and are subject to an |
insignificant risk of change in value. |
Trade debtors |
Trade debtors are amounts due from customers for merchandise sold or services performed in the |
ordinary course of business. |
Trade debtors 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 trade debtors 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. |
Trade creditors |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary |
course of business 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. |
Trade creditors are recognised initially at the transaction price and subsequently measured at |
amortised cost using the effective interest method. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 September 2023 |
Additions |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
Vcare-24 Limited (Registered number: 11014577) |
Notes to the Financial Statements - continued |
for the year ended 31 August 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
Prior Year Creditors include bank loans (Rapidcash) which are secured of £245,411 |
Creditors include unsecured bank loans of £10,468 ( PY £10,464) |
Creditors include HP payments due £130,715 ( PY £130,666) |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Other creditors |
Creditors include bank loans and hire purchase contracts which are secured of £272,587 ( 2021- |
£108,172) falling due after more than one year and less than five years. |
9. | CONTINGENT LIABILITIES |
National Westminster Bank PLC hold a fixed charge over the company's property 2 Oak Tree Court, Main St Bubwith |
10. | RELATED PARTY DISCLOSURES |
The Becklands School Ltd is a company registered in England number 12659194. |
Mrs V J Simpson, the director and shareholder, is the director and shareholder of The Becklands |
School Ltd. |
A loan was made to The Becklands School Ltd, repayable on demand. Interest has not been charged |
on the loan. |