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REGISTERED NUMBER: 07527386 (England and Wales)















REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

KARE PLUS NATIONAL LIMITED

KARE PLUS NATIONAL LIMITED (REGISTERED NUMBER: 07527386)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Report of the Director 2

Statement of Financial Position 3

Notes to the Financial Statements 4


KARE PLUS NATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: S C Welsh



REGISTERED OFFICE: Edward James House
Hadley Park East
Telford
Shropshire
TF1 6QJ



REGISTERED NUMBER: 07527386 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Fletcher BSc ACA



AUDITORS: Crombies Accountants Limited
Chartered Accountants and Statutory Auditor
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

KARE PLUS NATIONAL LIMITED (REGISTERED NUMBER: 07527386)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 OCTOBER 2023

The director presents his report with the financial statements of the company for the year ended 31 October 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of provision of care services.

DIRECTOR
S C Welsh held office during the whole of the period from 1 November 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Crombies Accountants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S C Welsh - Director


16 October 2024

KARE PLUS NATIONAL LIMITED (REGISTERED NUMBER: 07527386)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,166 4,082
Investments 5 - 100,000
1,166 104,082

CURRENT ASSETS
Debtors 6 299,340 631,373
Prepayments and accrued income 11,909 13,352
Cash at bank and in hand 14,543 65,611
325,792 710,336
CREDITORS
Amounts falling due within one year 7 374,566 617,855
NET CURRENT (LIABILITIES)/ASSETS (48,774 ) 92,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,608

)

196,563

CREDITORS
Amounts falling due after more than one
year

8

15,834

25,833
NET (LIABILITIES)/ASSETS (63,442 ) 170,730

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (63,542 ) 170,630
SHAREHOLDERS' FUNDS (63,442 ) 170,730

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 director and authorised for issue on 16 October 2024 and were signed by:





S C Welsh - Director


KARE PLUS NATIONAL LIMITED (REGISTERED NUMBER: 07527386)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Kare Plus National 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.

Preparation of consolidated financial statements
The financial statements contain information about Kare Plus National Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Curae Limited, Edward James House, Hadley Park East, Telford, Shropshire, England, TF1 6QJ

Going concern
The management of Kare Plus National Limited has prepared the financial statements on a going concern basis, which assumes that the company will continue its operations in the foreseeable future. The assessment of the company's ability to continue as a going concern is based on various factors, including historical financial performance, current financial position, and future projections.

Despite the recent lower revenue figures reported by the company, management is confident in its ability to meet its financial obligations as they come due and is implementing strategies to improve performance and profitability in the upcoming periods. This is supported by the financial backing provided by Kare Plus Franchising Limited, which has been actively funding the operations of Kare Plus National Limited. Kare Plus Franchising Limited's financial support has enabled the company to navigate through challenging periods and continue its day-to-day operations.

Management has evaluated the sources of financing available, including the continued support from Kare Plus Franchising Limited, and believes that they are adequate to meet the company's working capital needs and fund its operations for the foreseeable future. As a result, management has concluded that there are no material uncertainties that may cast significant doubt on the company's ability to continue as a going concern.

In conclusion, based on the above considerations, the financial statements have been prepared on a going concern basis, reflecting management's belief in the company's ability to continue its operations and meet its financial obligations

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 - 33.3% on cost
Computer equipment - 33.3% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


KARE PLUS NATIONAL LIMITED (REGISTERED NUMBER: 07527386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 168 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 4,229 23,463 27,692
Disposals - (1,839 ) (1,839 )
At 31 October 2023 4,229 21,624 25,853
DEPRECIATION
At 1 November 2022 4,229 19,381 23,610
Charge for year - 1,077 1,077
At 31 October 2023 4,229 20,458 24,687
NET BOOK VALUE
At 31 October 2023 - 1,166 1,166
At 31 October 2022 - 4,082 4,082

KARE PLUS NATIONAL LIMITED (REGISTERED NUMBER: 07527386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022 100,000
Disposals (100,000 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 97,207 279,745
Amounts owed by participating interests 199,388 348,890
Other debtors 2,745 2,738
299,340 631,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,001
Trade creditors 18,516 11,992
Amounts owed to participating interests - 126
Taxation and social security 23,068 62,331
Other creditors 322,982 533,405
374,566 617,855

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,834 25,833

9. SECURED DEBTS

The company has provided a fixed charge and a debenture over its book debts, dated 1st October 2018, to Hitachi Capital (UK) PLC (Novuna). This is shown in other creditors with the amount outstanding at 31st October 2023 of £30,168 (2022 £229,120)

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Fletcher BSc ACA (Senior Statutory Auditor)
for and on behalf of Crombies Accountants Limited

KARE PLUS NATIONAL LIMITED (REGISTERED NUMBER: 07527386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. RELATED PARTY DISCLOSURES

The company's parent company is Curae Limited, a company incorporated in England and Wales. The registered office is Edward James House, Hadley Park East, Telford, Shropshire, England, TF1 6QJ.