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Registration number: 05575454

Care Counts Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Care Counts Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Care Counts Limited

Company Information

Directors

SJ Burrows

JB Williamson

Company secretary

S Burrows

Registered office

2 Beaumont Street
Huddersfield
West Yorkshire
HD1 6BH

 

Care Counts Limited

(Registration number: 05575454)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

510,994

313,520

Other financial assets

5

65,590

65,590

 

576,584

379,110

Current assets

 

Debtors

6

141,229

119,106

Cash at bank and in hand

 

60,160

71,337

 

201,389

190,443

Creditors: Amounts falling due within one year

7

(314,219)

(88,945)

Net current (liabilities)/assets

 

(112,830)

101,498

Total assets less current liabilities

 

463,754

480,608

Creditors: Amounts falling due after more than one year

7

(31,487)

(63,145)

Provisions for liabilities

(23,493)

(25,260)

Net assets

 

408,774

392,203

Capital and reserves

 

Called up share capital

150

150

Retained earnings

408,624

392,053

Shareholders' funds

 

408,774

392,203

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Care Counts Limited

(Registration number: 05575454)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 November 2024 and signed on its behalf by:
 

.........................................
JB Williamson
Director

 

Care Counts Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Beaumont Street
Huddersfield
West Yorkshire
HD1 6BH
England

These financial statements were authorised for issue by the Board on 2 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Care Counts Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on reducing balance

Fixtures and fittings

15% on reducing balance

Motor vehicles

33% on cost

Office equipment

25% on cost

 

Care Counts Limited

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

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.

 

Care Counts Limited

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Care Counts Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 59 (2023 - 65).

4

Tangible assets

Improvements to property
 £

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 April 2023

187,139

19,992

56,894

28,650

Additions

195,813

10,074

3,401

5,041

Disposals

-

-

-

-

At 31 March 2024

382,952

30,066

60,295

33,691

Depreciation

At 1 April 2023

-

15,218

21,620

19,758

Charge for the year

-

2,232

7,735

5,184

Eliminated on disposal

-

-

-

-

At 31 March 2024

-

17,450

29,355

24,942

Carrying amount

At 31 March 2024

382,952

12,616

30,940

8,749

At 31 March 2023

187,139

4,774

35,274

8,892

 

Care Counts Limited

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

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

147,049

439,724

Additions

25,848

240,177

Disposals

(22,333)

(22,333)

At 31 March 2024

150,564

657,568

Depreciation

At 1 April 2023

69,608

126,204

Charge for the year

12,663

27,814

Eliminated on disposal

(7,444)

(7,444)

At 31 March 2024

74,827

146,574

Carrying amount

At 31 March 2024

75,737

510,994

At 31 March 2023

77,441

313,520

 

Care Counts Limited

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

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

65,590

65,590

At 31 March 2024

65,590

65,590

Impairment

Carrying amount

At 31 March 2024

65,590

65,590

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,691

275

Prepayments

6,190

6,372

Other debtors

132,348

112,459

 

141,229

119,106

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

218,276

39,447

Trade creditors

 

896

10,135

Taxation and social security

 

63,060

32,577

Accruals and deferred income

 

3,712

3,587

Other creditors

 

28,275

3,199

 

314,219

88,945

 

Care Counts Limited

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

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

16,091

23,599

Other borrowings

15,396

39,546

31,487

63,145

Current loans and borrowings

2024
£

2023
£

Bank borrowings

179,179

-

Hire purchase contracts

14,947

15,297

Other borrowings

24,150

24,150

218,276

39,447

9

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

SJ Burrows

Interest is charged at 2% p.a. Amounts shown are aggregates. There are no repayment terms attached to this loan.

111,662

70,873

(71,000)

111,535

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

SJ Burrows

Interest is charged at 2% p.a. Amounts shown are aggregates. There are no repayment terms attached to this loan.

71,465

136,534

(96,337)

111,662