Registered number
11581963
SHRI HARI CARE LIMITED
Filleted Accounts
31 March 2024
SHRI HARI CARE LIMITED
Registered number: 11581963
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 17,278 -
Tangible assets 4 15,381 15,846
32,659 15,846
Current assets
Debtors 5 77,128 56,340
Cash at bank and in hand 141,917 74,128
219,045 130,468
Creditors: amounts falling due within one year 6 (150,166) (106,544)
Net current assets 68,879 23,924
Total assets less current liabilities 101,538 39,770
Creditors: amounts falling due after more than one year 7 - (6,636)
Net assets 101,538 33,134
Capital and reserves
Called up share capital 100 100
Profit and loss account 101,438 33,034
Shareholders' funds 101,538 33,134
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.
Ms Archita Bhavin Raval
Director
Approved by the board on 18 October 2024
SHRI HARI CARE LIMITED
Notes to the Accounts
for the year ended 31 March 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 32 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 35,795
Additions 21,597
At 31 March 2024 57,392
Amortisation
At 1 April 2023 35,795
Provided during the year 4,319
At 31 March 2024 40,114
Net book value
At 31 March 2024 17,278
Franchise fees has been amortised over a period of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 1,421 19,908 21,329
Additions 1,734 - 1,734
At 31 March 2024 3,155 19,908 23,063
Depreciation
At 1 April 2023 812 4,671 5,483
Charge for the year 208 1,991 2,199
At 31 March 2024 1,020 6,662 7,682
Net book value
At 31 March 2024 2,135 13,246 15,381
At 31 March 2023 609 15,237 15,846
5 Debtors 2024 2023
£ £
Trade debtors 76,382 55,594
Other debtors 746 746
77,128 56,340
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,774 6,636
Taxation and social security costs 48,444 14,464
Other creditors 98,948 85,444
150,166 106,544
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 6,636
8 Other information
SHRI HARI CARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
30 Ivernia Avenue
Brooklands
Milton Keynes
United Kingdom
MK10 7HR
SHRI HARI CARE LIMITED 11581963 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Ms Archita Bhavin Raval No description of principal activity 11581963 2022-04-01 2023-03-31 11581963 core:WithinOneYear 2023-03-31 11581963 core:AfterOneYear 2023-03-31 11581963 core:ShareCapital 2023-03-31 11581963 core:RetainedEarningsAccumulatedLosses 2023-03-31 11581963 2023-04-01 2024-03-31 11581963 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11581963 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11581963 bus:Director40 2023-04-01 2024-03-31 11581963 1 2023-04-01 2024-03-31 11581963 2 2023-04-01 2024-03-31 11581963 core:Goodwill 2023-04-01 2024-03-31 11581963 core:PlantMachinery 2023-04-01 2024-03-31 11581963 core:Vehicles 2023-04-01 2024-03-31 11581963 countries:England 2023-04-01 2024-03-31 11581963 bus:FRS102 2023-04-01 2024-03-31 11581963 bus:FilletedAccounts 2023-04-01 2024-03-31 11581963 2024-03-31 11581963 core:WithinOneYear 2024-03-31 11581963 core:AfterOneYear 2024-03-31 11581963 core:ShareCapital 2024-03-31 11581963 core:RetainedEarningsAccumulatedLosses 2024-03-31 11581963 core:Goodwill 2024-03-31 11581963 core:PlantMachinery 2024-03-31 11581963 core:Vehicles 2024-03-31 11581963 2023-03-31 11581963 core:Goodwill 2023-03-31 11581963 core:PlantMachinery 2023-03-31 11581963 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure