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REGISTERED NUMBER: 07202411 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 November 2023

for

GT Care (Wakefield) Limited

GT Care (Wakefield) Limited (Registered number: 07202411)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GT Care (Wakefield) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mrs G J Smith





REGISTERED OFFICE: The Homestead
Homestead Drive
Wakefield
West Yorkshire
WF2 9PE





REGISTERED NUMBER: 07202411 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

GT Care (Wakefield) Limited (Registered number: 07202411)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 364,862 343,912
Investments 6 520 520
365,382 344,432

CURRENT ASSETS
Debtors 7 634,316 272,446
Cash at bank and in hand 94,797 99,019
729,113 371,465
CREDITORS
Amounts falling due within one year 8 184,550 81,843
NET CURRENT ASSETS 544,563 289,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

909,945

634,054

CREDITORS
Amounts falling due after more than one
year

9

15,357

23,094
NET ASSETS 894,588 610,960

CAPITAL AND RESERVES
Called up share capital 5,001 5,001
Retained earnings 889,587 605,959
SHAREHOLDERS' FUNDS 894,588 610,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

GT Care (Wakefield) Limited (Registered number: 07202411)

Balance Sheet - continued
30 November 2023


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 28 March 2024 and were signed by:





Mrs G J Smith - Director


GT Care (Wakefield) Limited (Registered number: 07202411)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

GT Care (Wakefield) 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 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 2012, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

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.


GT Care (Wakefield) Limited (Registered number: 07202411)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
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.

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 78 (2022 - 65 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 230,000
AMORTISATION
At 1 December 2022
and 30 November 2023 230,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

GT Care (Wakefield) Limited (Registered number: 07202411)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 278,100 38,239 9,125
Additions - 40,369 2,516
Disposals - (38,239 ) -
At 30 November 2023 278,100 40,369 11,641
DEPRECIATION
At 1 December 2022 - 21,484 5,420
Charge for year - 8,569 1,244
Eliminated on disposal - (23,997 ) -
At 30 November 2023 - 6,056 6,664
NET BOOK VALUE
At 30 November 2023 278,100 34,313 4,977
At 30 November 2022 278,100 16,755 3,705

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 61,565 10,699 397,728
Additions 13,810 4,175 60,870
Disposals (3,000 ) - (41,239 )
At 30 November 2023 72,375 14,874 417,359
DEPRECIATION
At 1 December 2022 20,327 6,585 53,816
Charge for year 13,762 1,658 25,233
Eliminated on disposal (2,555 ) - (26,552 )
At 30 November 2023 31,534 8,243 52,497
NET BOOK VALUE
At 30 November 2023 40,841 6,631 364,862
At 30 November 2022 41,238 4,114 343,912

GT Care (Wakefield) Limited (Registered number: 07202411)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 38,239 33,010 71,249
Additions 40,369 - 40,369
Disposals (38,239 ) - (38,239 )
At 30 November 2023 40,369 33,010 73,379
DEPRECIATION
At 1 December 2022 21,484 12,142 33,626
Charge for year - 9,107 9,107
Eliminated on disposal (23,997 ) - (23,997 )
At 30 November 2023 (2,513 ) 21,249 18,736
NET BOOK VALUE
At 30 November 2023 42,882 11,761 54,643
At 30 November 2022 16,755 20,868 37,623

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 520
NET BOOK VALUE
At 30 November 2023 520
At 30 November 2022 520

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 397,188 153,782
Amounts owed by group undertakings 119,119 68,748
Other debtors 5,560 5,440
Directors' current accounts 34,970 -
Deferred tax asset
Accelerated capital allowances 4,140 4,140
Prepayments and accrued income 73,339 40,336
634,316 272,446

GT Care (Wakefield) Limited (Registered number: 07202411)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 10) 2,136 14,059
Trade creditors 30,210 7,551
Tax 89,485 32,043
Social security and other taxes 27,338 22,501
Other creditors 20,733 -
Directors' current accounts - 18
Accruals and deferred income 14,648 5,671
184,550 81,843

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 10) 15,357 23,094

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.23 30.11.22
£    £   
Net obligations repayable:
Within one year 2,136 14,059
Between one and five years 15,357 23,094
17,493 37,153

Non-cancellable operating leases
30.11.23 30.11.22
£    £   
Within one year - 22,397

11. RELATED PARTY DISCLOSURES

During the year the company made repayments against loans from Complete Care Wakefield Limited a company under the common control of Mrs G J Smith. The loan from Complete Care Wakefield Limited is repayable on demand and free of any interest. The balance owing fro Complete Care Wakefield Limited at the year end date was £119,119 (2022: creditor £68,748).

GT Care (Wakefield) Limited entered into a lease with Complete Care Wakefield Limited for £25,000 per annum for use of some of the trading premises, this is at market value.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs G J Smith.