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REGISTERED NUMBER: 07309400 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

KARE PLUS FRANCHISING LIMITED

KARE PLUS FRANCHISING LIMITED (REGISTERED NUMBER: 07309400)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KARE PLUS FRANCHISING 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: 07309400 (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 FRANCHISING LIMITED (REGISTERED NUMBER: 07309400)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,837 94,587
Tangible assets 5 52,393 55,701
135,230 150,288

CURRENT ASSETS
Debtors 6 996,412 1,106,919
Prepayments and accrued income 25,049 35,789
Cash at bank 36,527 105,083
1,057,988 1,247,791
CREDITORS
Amounts falling due within one year 7 631,325 940,147
NET CURRENT ASSETS 426,663 307,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,893

457,932

CREDITORS
Amounts falling due after more than one
year

8

17,626

28,758
NET ASSETS 544,267 429,174

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 543,267 428,174
SHAREHOLDERS' FUNDS 544,267 429,174

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 FRANCHISING LIMITED (REGISTERED NUMBER: 07309400)

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

1. STATUTORY INFORMATION

Kare Plus Franchising 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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.
Fixtures and fittings - 33.3% on cost and 15% on reducing balance

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.

KARE PLUS FRANCHISING LIMITED (REGISTERED NUMBER: 07309400)

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

2. ACCOUNTING POLICIES - continued

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 19 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 235,000
AMORTISATION
At 1 November 2022 140,413
Amortisation for year 11,750
At 31 October 2023 152,163
NET BOOK VALUE
At 31 October 2023 82,837
At 31 October 2022 94,587

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022 133,082
Additions 5,343
At 31 October 2023 138,425
DEPRECIATION
At 1 November 2022 77,381
Charge for year 8,651
At 31 October 2023 86,032
NET BOOK VALUE
At 31 October 2023 52,393
At 31 October 2022 55,701

KARE PLUS FRANCHISING LIMITED (REGISTERED NUMBER: 07309400)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 562,275 529,155
Amounts owed by participating interests - 102,448
Other debtors 434,137 475,316
996,412 1,106,919

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,132 11,132
Trade creditors 328,774 147,710
Amounts owed to participating interests 81,887 284,883
Taxation and social security 188,108 353,736
Other creditors 21,424 142,686
631,325 940,147

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,626 28,758

9. 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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
S C Welsh
Balance outstanding at start of year 2,784 68,203
Amounts advanced 9,151 21,981
Amounts repaid (4,912 ) (87,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,023 2,784

All amounts advanced to directors are interest free and repayable on demand.
The Directors loan account was fully repaid after date.

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