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REGISTERED NUMBER: 08904524 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Careline The Agency For Carestaff
Limited

Careline The Agency For Carestaff
Limited (Registered number: 08904524)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Careline The Agency For Carestaff
Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: D A Fisher





REGISTERED OFFICE: 6 Arkwright Road
Reading
Berkshire
RG2 0LU





REGISTERED NUMBER: 08904524 (England and Wales)





ACCOUNTANTS: Hannaways
Trios House
Reform Road
Maidenhead
Berkshire
SL6 8BY

Careline The Agency For Carestaff
Limited (Registered number: 08904524)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 76,500
Tangible assets 5 66,095 426
66,095 76,926

CURRENT ASSETS
Debtors 6 138,572 122,761
Cash at bank and in hand 46,593 43,146
185,165 165,907
CREDITORS
Amounts falling due within one year 7 130,275 175,419
NET CURRENT ASSETS/(LIABILITIES) 54,890 (9,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,985

67,414

CREDITORS
Amounts falling due after more than one
year

8

48,752

-
NET ASSETS 72,233 67,414

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 72,232 67,413
SHAREHOLDERS' FUNDS 72,233 67,414

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Careline The Agency For Carestaff
Limited (Registered number: 08904524)

Balance Sheet - continued
31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th October 2024 and were signed by:





D A Fisher - Director


Careline The Agency For Carestaff
Limited (Registered number: 08904524)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Careline The Agency For Carestaff 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.

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.

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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Careline The Agency For Carestaff
Limited (Registered number: 08904524)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Short term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost. Any losses from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 104 (2023 - 116 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 765,000
AMORTISATION
At 1st April 2023 688,500
Charge for year 76,500
At 31st March 2024 765,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 76,500

Careline The Agency For Carestaff
Limited (Registered number: 08904524)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 5,296 370 - 2,500 8,166
Additions - - 70,135 - 70,135
At 31st March 2024 5,296 370 70,135 2,500 78,301
DEPRECIATION
At 1st April 2023 4,898 342 - 2,500 7,740
Charge for year 100 7 4,359 - 4,466
At 31st March 2024 4,998 349 4,359 2,500 12,206
NET BOOK VALUE
At 31st March 2024 298 21 65,776 - 66,095
At 31st March 2023 398 28 - - 426

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 70,135
At 31st March 2024 70,135
DEPRECIATION
Charge for year 4,359
At 31st March 2024 4,359
NET BOOK VALUE
At 31st March 2024 65,776

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,472 120,661
Other debtors 2,100 2,100
138,572 122,761

Careline The Agency For Carestaff
Limited (Registered number: 08904524)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 386 -
Trade creditors 25,057 26,897
Corporation tax 20,101 58,789
Social security and other taxes 55,256 72,466
Other creditors 3,237 449
Directors' current accounts 520 5
Accrued expenses 25,718 16,813
130,275 175,419

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 48,752 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 5,269 -
Between one and five years 49,631 -
54,900 -

Finance charges repayable:
Within one year 4,883 -
Between one and five years 879 -
5,762 -

Net obligations repayable:
Within one year 386 -
Between one and five years 48,752 -
49,138 -

Non-cancellable operating leases
2024 2023
£    £   
Between one and five years 9,600 9,600

Careline The Agency For Carestaff
Limited (Registered number: 08904524)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1st April 2023 67,413
Profit for the year 59,319
Dividends (54,500 )
At 31st March 2024 72,232

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £54,500 were paid to the director .

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A Fisher.