IRIS Accounts Production v24.3.0.553 04719023 director 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047190232023-04-30047190232024-04-30047190232023-05-012024-04-30047190232022-04-30047190232022-05-012023-04-30047190232023-04-3004719023ns15:EnglandWales2023-05-012024-04-3004719023ns14:PoundSterling2023-05-012024-04-3004719023ns10:Director12023-05-012024-04-3004719023ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004719023ns10:SmallEntities2023-05-012024-04-3004719023ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004719023ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004719023ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004719023ns10:FullAccounts2023-05-012024-04-300471902312023-05-012024-04-3004719023ns10:OrdinaryShareClass12023-05-012024-04-3004719023ns10:CompanySecretary12023-05-012024-04-3004719023ns10:RegisteredOffice2023-05-012024-04-3004719023ns5:CurrentFinancialInstruments2024-04-3004719023ns5:CurrentFinancialInstruments2023-04-3004719023ns5:Non-currentFinancialInstruments2024-04-3004719023ns5:Non-currentFinancialInstruments2023-04-3004719023ns5:ShareCapital2024-04-3004719023ns5:ShareCapital2023-04-3004719023ns5:RetainedEarningsAccumulatedLosses2024-04-3004719023ns5:RetainedEarningsAccumulatedLosses2023-04-3004719023ns5:NetGoodwill2023-05-012024-04-3004719023ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3004719023ns5:LeaseholdImprovements2023-05-012024-04-3004719023ns5:PlantMachinery2023-05-012024-04-3004719023ns5:FurnitureFittings2023-05-012024-04-3004719023ns5:MotorVehicles2023-05-012024-04-3004719023ns5:ComputerEquipment2023-05-012024-04-3004719023ns5:NetGoodwill2023-04-3004719023ns5:NetGoodwill2024-04-3004719023ns5:NetGoodwill2023-04-3004719023ns5:LeaseholdImprovements2023-04-3004719023ns5:PlantMachinery2023-04-3004719023ns5:FurnitureFittings2023-04-3004719023ns5:LeaseholdImprovements2024-04-3004719023ns5:PlantMachinery2024-04-3004719023ns5:FurnitureFittings2024-04-3004719023ns5:LeaseholdImprovements2023-04-3004719023ns5:PlantMachinery2023-04-3004719023ns5:FurnitureFittings2023-04-3004719023ns5:MotorVehicles2023-04-3004719023ns5:ComputerEquipment2023-04-3004719023ns5:MotorVehicles2024-04-3004719023ns5:ComputerEquipment2024-04-3004719023ns5:MotorVehicles2023-04-3004719023ns5:ComputerEquipment2023-04-3004719023ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3004719023ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3004719023ns5:DeferredTaxation2023-04-3004719023ns5:DeferredTaxation2024-04-3004719023ns10:OrdinaryShareClass12024-04-30047190231ns10:Director12023-04-30047190231ns10:Director12022-04-30047190231ns10:Director12023-05-012024-04-30047190231ns10:Director12022-05-012023-04-30047190231ns10:Director12024-04-30047190231ns10:Director12023-04-30
REGISTERED NUMBER: 04719023 (England and Wales)









COVERCARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






COVERCARE LIMITED (REGISTERED NUMBER: 04719023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COVERCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: D C Hockaday





SECRETARY: Mrs S Hockaday





REGISTERED OFFICE: Thornham Marina
Thornham Lane
Prinstead
Nr Emsworth
Hampshire
PO10 8DD





REGISTERED NUMBER: 04719023 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU

COVERCARE LIMITED (REGISTERED NUMBER: 04719023)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,790 7,794
7,790 7,794

CURRENT ASSETS
Stocks 3,245 1,900
Debtors 6 25,332 20,581
Cash at bank and in hand 17,971 30,248
46,548 52,729
CREDITORS
Amounts falling due within one year 7 48,419 50,555
NET CURRENT (LIABILITIES)/ASSETS (1,871 ) 2,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,919

9,968

CREDITORS
Amounts falling due after more than one
year

8

(3,250

)

(6,250

)

PROVISIONS FOR LIABILITIES 9 (1,576 ) (1,577 )
NET ASSETS 1,093 2,141

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 993 2,041
SHAREHOLDERS' FUNDS 1,093 2,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

COVERCARE LIMITED (REGISTERED NUMBER: 04719023)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2024 and were signed by:





D C Hockaday - Director


COVERCARE LIMITED (REGISTERED NUMBER: 04719023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Covercare 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of goods provided in the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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 balance sheet date.


COVERCARE LIMITED (REGISTERED NUMBER: 04719023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 50,000
AMORTISATION
At 1 May 2023
and 30 April 2024 50,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

COVERCARE LIMITED (REGISTERED NUMBER: 04719023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 1,784 20,591 8,570
Additions - 2,015 -
At 30 April 2024 1,784 22,606 8,570
DEPRECIATION
At 1 May 2023 607 19,294 6,311
Charge for year 35 662 452
At 30 April 2024 642 19,956 6,763
NET BOOK VALUE
At 30 April 2024 1,142 2,650 1,807
At 30 April 2023 1,177 1,297 2,259

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 11,495 3,639 46,079
Additions - - 2,015
At 30 April 2024 11,495 3,639 48,094
DEPRECIATION
At 1 May 2023 8,767 3,306 38,285
Charge for year 682 188 2,019
At 30 April 2024 9,449 3,494 40,304
NET BOOK VALUE
At 30 April 2024 2,046 145 7,790
At 30 April 2023 2,728 333 7,794

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,988 14,914
Other debtors 6,344 5,667
25,332 20,581

COVERCARE LIMITED (REGISTERED NUMBER: 04719023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,535 10,110
Taxation and social security 23,272 27,780
Other creditors 7,612 12,665
48,419 50,555

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 3,250 6,250

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,576 1,577

Deferred
tax
£   
Balance at 1 May 2023 1,577
Accelerated capital allowances (1 )
Balance at 30 April 2024 1,576

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
D C Hockaday
Balance outstanding at start of year (5,417 ) (4,557 )
Amounts advanced 61,825 69,764
Amounts repaid (50,624 ) (70,624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,784 (5,417 )

12. ULTIMATE CONTROLLING PARTY

The company is controlled equally by Mr and Mrs Hockaday.