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REGISTERED NUMBER: 07539109 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BearCare (Nottm) Ltd

BearCare (Nottm) Ltd (Registered number: 07539109)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BearCare (Nottm) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J B Budden
Miss C R Budden





REGISTERED OFFICE: Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA





REGISTERED NUMBER: 07539109 (England and Wales)





ACCOUNTANTS: Haines Watts
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

BearCare (Nottm) Ltd (Registered number: 07539109)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,345,968 1,355,959
1,345,968 1,355,959

CURRENT ASSETS
Debtors 6 26,128 16,134
Cash at bank and in hand 1,973,564 1,426,480
1,999,692 1,442,614
CREDITORS
Amounts falling due within one year 7 279,853 234,949
NET CURRENT ASSETS 1,719,839 1,207,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,065,807

2,563,624

PROVISIONS FOR LIABILITIES 7,658 7,658
NET ASSETS 3,058,149 2,555,966

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,058,049 2,555,866
3,058,149 2,555,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BearCare (Nottm) Ltd (Registered number: 07539109)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:




Mrs J B Budden - Director



Miss C R Budden - Director


BearCare (Nottm) Ltd (Registered number: 07539109)

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

1. STATUTORY INFORMATION

BearCare (Nottm) Ltd 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 2011, was amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BearCare (Nottm) Ltd (Registered number: 07539109)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 38 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 350,000
AMORTISATION
At 1 April 2023
and 31 March 2024 350,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,290,076 175,000 1,465,076
Additions - 1,186 1,186
Disposals - (1,592 ) (1,592 )
At 31 March 2024 1,290,076 174,594 1,464,670
DEPRECIATION
At 1 April 2023 - 109,117 109,117
Charge for year - 10,919 10,919
Eliminated on disposal - (1,334 ) (1,334 )
At 31 March 2024 - 118,702 118,702
NET BOOK VALUE
At 31 March 2024 1,290,076 55,892 1,345,968
At 31 March 2023 1,290,076 65,883 1,355,959

BearCare (Nottm) Ltd (Registered number: 07539109)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,084 1,823
Other debtors 21,044 14,311
26,128 16,134

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 27,851 28,144
Taxation and social security 236,294 156,811
Other creditors 15,708 49,994
279,853 234,949

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Miss C R Budden
Balance outstanding at start of year 6,700 2,596
Amounts advanced 88,753 9,866
Amounts repaid (82,922 ) (5,762 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,531 6,700

The overdrawn loan account was repaid within 9 months of the year end.