Registered number
08400115
RHYTHMIC CARE UK LTD
Report and Abridged Accounts
29 February 2024
RHYTHMIC CARE UK LTD
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7-9
RHYTHMIC CARE UK LTD
Company Information
Directors
Tulip Sultana
Accountants
ACN Accountants
41 Orsett Road
Grays
Essex
RM17 5DS
Registered office
103 Cranbrook Road (2nd Floor)
Ilford
Essex
IG1 4PU
Registered number
08400115
RHYTHMIC CARE UK LTD
Registered number: 08400115
Directors' Report
The directors present their report and abridged accounts for the year ended 29 February 2024.
Principal activities
The company's principal activity during the year continued to be providing domiciliary and residential care services.
Directors
The following persons served as directors during the year:
Tulip Sultana
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 11 November 2024 and signed on its behalf.
Tulip Sultana
Director
RHYTHMIC CARE UK LTD
Accountants' Report
Accountants' report to the directors of
RHYTHMIC CARE UK LTD
You consider that the company is exempt from an audit for the year ended 29 February 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
ACN Accountants
Chartered Certified Accountants
41 Orsett Road
Grays
Essex
RM17 5DS
11 November 2024
RHYTHMIC CARE UK LTD
Abridged Profit and Loss Account
for the year ended 29 February 2024
2024 2023
£ £
Gross Profit 6,336,104 4,710,317
Administrative expenses (5,398,839) (3,870,151)
Other operating income 19,437 183,545
Operating Profit 956,702 1,023,711
Interest receivable 3 34
Interest payable (24,695) (7,216)
Profit Before Tax 932,010 1,016,529
Tax (179,656) (196,291)
Net profit 752,354 820,238
RHYTHMIC CARE UK LTD
Registered number: 08400115
Abridged Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,080,736 1,616,095
Investments 4 66,237 27,200
2,146,973 1,643,295
Current assets
Debtors 400,886 246,065
Cash at bank and in hand 616,460 438,495
1,017,346 684,560
Creditors: amounts falling due within one year (766,225) (567,595)
Net Current Asset 251,121 116,965
Total assets less current liabilities 2,398,094 1,760,260
Creditors: amounts falling due after more than one year (471,033) (517,233)
Net Asset 1,927,061 1,243,027
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,926,961 1,242,927
Shareholders' funds 1,927,061 1,243,027
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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Tulip Sultana
Director
Approved by the board on 11 November 2024
RHYTHMIC CARE UK LTD
Statement of Changes in Equity
for the year ended 29 February 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 March 2022 100 - - 566,454 566,554
Profit for the Period 820,238 820,238
Dividends (143,765) (143,765)
At 28 February 2023 100 - - 1,242,927 1,243,027
At 1 March 2023 100 - - 1,242,927 1,243,027
Profit for the Period 752,354 752,354
Dividends (68,320) (68,320)
At 29 February 2024 100 - - 1,926,961 1,927,061
RHYTHMIC CARE UK LTD
Notes to the Abridged Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The abridged 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 rendering of services. 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.
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:
Freehold buildings over 50 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 278 275
3 Tangible fixed assets
Total
£
Cost
At 1 March 2023 1,671,472
Additions 523,936
At 29 February 2024 2,195,408
Depreciation
At 1 March 2023 55,377
Charge for the year 59,295
At 29 February 2024 114,672
Net book value
At 29 February 2024 2,080,736
At 28 February 2023 1,616,095
4 Investments
Other
investments
£
Cost
At 1 March 2023 27,200
Additions 39,037
At 29 February 2024 66,237
5 Other information
RHYTHMIC CARE UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
103 Cranbrook Road (2nd Floor)
Ilford
Essex
IG1 4PU
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