Registered number
12434817
GLOBAL CARING GROUP LTD
Filleted Accounts
31 January 2024
GLOBAL CARING GROUP LTD
Registered number: 12434817
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,881 15,175
Current assets
Debtors 4 635,222 401,862
Cash at bank and in hand 44,257 366,840
679,479 768,702
Creditors: amounts falling due within one year 5 (505,531) (523,722)
Net current assets 173,948 244,980
Net assets 195,829 260,155
Capital and reserves
Called up share capital 1 1
Profit and loss account 195,828 260,154
Shareholders' funds 195,829 260,155
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M SHAZAD
Director
Approved by the board on 28 October 2024
GLOBAL CARING GROUP LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 110 79
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 - 25,586 - 25,586
Additions 14,000 14,000
At 31 January 2024 - 39,586 - 39,586
Depreciation
At 1 February 2023 - 10,411 - 10,411
Charge for the year - 7,294 - 7,294
At 31 January 2024 - 17,705 - 17,705
Net book value
At 31 January 2024 - 21,881 - 21,881
At 31 January 2023 - 15,175 - 15,175
4 Debtors 2024 2023
£ £
Sundry debtors 435,222 401,862
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 224,520 160,107
Pensions 38,455 31,604
Other creditors 242,556 332,011
505,531 523,722
6 Other information
GLOBAL CARING GROUP LTD is a private company limited by shares and incorporated in England. Its registered office is:
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