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REGISTERED NUMBER: 07706098 (England and Wales)












Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2024

for

Boulevard Care Limited

Boulevard Care Limited (Registered number: 07706098)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Comprehensive Income 7

Balance Sheet 8

Statement of Changes in Equity 9

Cash Flow Statement 10

Notes to the Cash Flow Statement 11

Notes to the Financial Statements 12


Boulevard Care Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs P B Johnson
M Johnson



REGISTERED OFFICE: Gunby Road
Orby
Spilsby
Lincolnshire
PE23 5SW



REGISTERED NUMBER: 07706098 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Neil South BA FCA



AUDITORS: Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Boulevard Care Limited (Registered number: 07706098)

Strategic Report
for the year ended 31 March 2024

The directors present their strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
The directors continue to look to improve the offering to clients to maximise the experience and service offered. Relationships with providers enables the company to move forward and increase both their offering and occupancy levels.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors continue to be aware of fluctuations in the UK economy and policy both in national and local government relating to care. They are prepared to act accordingly to take advantage of any opportunities that may arise.

ON BEHALF OF THE BOARD:





M Johnson - Director


21 November 2024

Boulevard Care Limited (Registered number: 07706098)

Report of the Directors
for the year ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of care services.

DIVIDENDS
No interim dividend was paid during the year. The directors recommend a final dividend of £2.50 per share.

The total distribution of dividends for the year ended 31 March 2024 will be £ 2,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mrs P B Johnson
M Johnson

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Clayton & Brewill, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





M Johnson - Director


21 November 2024

Report of the Independent Auditors to the Members of
Boulevard Care Limited

Opinion
We have audited the financial statements of Boulevard Care Limited (the 'company') for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Boulevard Care Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management and those charged with governance around actual and potential litigation and claims;
- Reviewing minutes of meetings of those charged with governance;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Boulevard Care Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Neil South BA FCA (Senior Statutory Auditor)
for and on behalf of Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

21 November 2024

Boulevard Care Limited (Registered number: 07706098)

Statement of Comprehensive
Income
for the year ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 5,049,834 5,158,018

Cost of sales 136,443 130,897
GROSS PROFIT 4,913,391 5,027,121

Administrative expenses 4,379,478 4,035,023
533,913 992,098

Other operating income 41,323 721
OPERATING PROFIT 4 575,236 992,819

Interest receivable and similar income 1,735 1,261
576,971 994,080

Interest payable and similar expenses 5 117,080 79,246
PROFIT BEFORE TAXATION 459,891 914,834

Tax on profit 6 232,668 146,588
PROFIT FOR THE FINANCIAL YEAR 227,223 768,246

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

227,223

768,246

Boulevard Care Limited (Registered number: 07706098)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 7,532,274 6,833,068
7,532,274 6,833,068

CURRENT ASSETS
Stocks 10 10,895 10,895
Debtors 11 89,023 162,717
Cash at bank and in hand 40,518 555,920
140,436 729,532
CREDITORS
Amounts falling due within one year 12 2,335,885 2,259,907
NET CURRENT LIABILITIES (2,195,449 ) (1,530,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,336,825

5,302,693

CREDITORS
Amounts falling due after more than
one year

13

(958,262

)

(1,177,399

)

PROVISIONS FOR LIABILITIES 17 (106,232 ) (78,186 )
NET ASSETS 4,272,331 4,047,108

CAPITAL AND RESERVES
Called up share capital 18 1,000 1,000
Retained earnings 19 4,271,331 4,046,108
SHAREHOLDERS' FUNDS 4,272,331 4,047,108

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





M Johnson - Director


Boulevard Care Limited (Registered number: 07706098)

Statement of Changes in Equity
for the year ended 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 1,000 3,281,862 3,282,862

Changes in equity
Dividends - (4,000 ) (4,000 )
Total comprehensive income - 768,246 768,246
Balance at 31 March 2023 1,000 4,046,108 4,047,108

Changes in equity
Dividends - (2,000 ) (2,000 )
Total comprehensive income - 227,223 227,223
Balance at 31 March 2024 1,000 4,271,331 4,272,331

Boulevard Care Limited (Registered number: 07706098)

Cash Flow Statement
for the year ended 31 March 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 737,456 1,382,939
Interest paid (116,660 ) (78,093 )
Interest element of hire purchase
payments paid

(420

)

(1,153

)
Tax paid (231,603 ) (190,152 )
Taxation refund - 91,600
Net cash from operating activities 388,773 1,205,141

Cash flows from investing activities
Purchase of tangible fixed assets (736,451 ) (111,615 )
Sale of tangible fixed assets - 20,599
Interest received 1,735 1,261
Net cash from investing activities (734,716 ) (89,755 )

Cash flows from financing activities
Loan repayments in year (205,905 ) (345,044 )
New HP in year - 7,898
Capital repayments in year (6,048 ) (12,713 )
Amount introduced by directors 682,000 4,000
Amount withdrawn by directors (838,223 ) (692,160 )
Equity dividends paid (2,000 ) (4,000 )
Net cash from financing activities (370,176 ) (1,042,019 )

(Decrease)/increase in cash and cash equivalents (716,119 ) 73,367
Cash and cash equivalents at
beginning of year

2

469,573

396,206

Cash and cash equivalents at end
of year

2

(246,546

)

469,573

Boulevard Care Limited (Registered number: 07706098)

Notes to the Cash Flow Statement
for the year ended 31 March 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2024 2023
£    £   
Profit before taxation 459,891 914,834
Depreciation charges 37,244 378,857
Loss on disposal of fixed assets - 587
Finance costs 117,080 79,246
Finance income (1,735 ) (1,261 )
612,480 1,372,263
Decrease/(increase) in trade and other debtors 73,694 (111,423 )
Increase in trade and other creditors 51,282 122,099
Cash generated from operations 737,456 1,382,939

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 40,518 555,920
Bank overdrafts (287,064 ) (86,347 )
(246,546 ) 469,573
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 555,920 396,206
Bank overdrafts (86,347 ) -
469,573 396,206


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank and in hand 555,920 (515,402 ) 40,518
Bank overdrafts (86,347 ) (200,717 ) (287,064 )
469,573 (716,119 ) (246,546 )
Debt
Finance leases (6,597 ) 6,048 (549 )
Debts falling due within 1 year (211,601 ) (12,682 ) (224,283 )
Debts falling due after 1 year (1,176,850 ) 218,588 (958,262 )
(1,395,048 ) 211,954 (1,183,094 )
Total (925,475 ) (504,165 ) (1,429,640 )

Boulevard Care Limited (Registered number: 07706098)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Boulevard Care 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At 31st March 2024 the company had net current liabilities of £2,195,449 (2023 £1,530,375). The company has agreed sufficient borrowing facilities in order to meet its working capital requirements hence the financial statements are prepared on a going concern basis.

Turnover
The Company’s turnover principally comprises service charges receivable from residents or local authorities.

The residents’ charges are composite amounts covering rent, service charges and support, and income is recognised on delivery of services to end users, as the Company performs its obligations.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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% per annum straight line
Fixtures and fittings - 15% per annum straight line
Motor vehicles - 25% reducing balance
Computer equipment - Straight line over 3 years

Freehold land and buildings including improvements to property are held at cost. The company continually repairs and maintains the buildings to a high standard and therefore, no depreciation is charged.

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

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


Boulevard Care Limited (Registered number: 07706098)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

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
2024 2023
£    £   
Wages and salaries 3,099,150 2,631,232
Social security costs 282,270 260,562
Other pension costs 59,922 53,639
3,441,342 2,945,433

The average number of employees during the year was as follows:
2024 2023

Directors 2 2
Staff 102 97
104 99

2024 2023
£    £   
Directors' remuneration 107,200 103,500
Directors' pension contributions to money purchase schemes 1,321 1,321

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

Boulevard Care Limited (Registered number: 07706098)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 29,603 29,311
Depreciation - assets on hire purchase contracts 7,642 10,151
Loss on disposal of fixed assets - 587
Goodwill amortisation - 339,396
Auditors' remuneration 12,250 11,270
Auditors' remuneration for non audit work 18,703 14,083

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 5,255 840
Bank loan interest 101,641 77,253
HMRC interest 9,764 -
Hire purchase 420 1,153
117,080 79,246

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 113,022 241,200
Prior year tax 91,600 (91,600 )
Total current tax 204,622 149,600

Deferred tax 28,046 (3,012 )
Tax on profit 232,668 146,588

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 459,891 914,834
Profit multiplied by the standard rate of corporation tax in the UK
of 25% (2023 - 19%)

114,973

173,818

Effects of:
Expenses not deductible for tax purposes 1,406 1,007
Capital allowances in excess of depreciation (3,357 ) -
Depreciation in excess of capital allowances - 66,375
Adjustments to tax charge in respect of previous periods 91,600 (91,600 )
Deferred tax movement 28,046 (3,012 )
Total tax charge 232,668 146,588

Boulevard Care Limited (Registered number: 07706098)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of 1 each
Final 2,000 4,000

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 3,818,235
AMORTISATION
At 1 April 2023
and 31 March 2024 3,818,235
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

9. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 6,390,685 299,220 24,562
Additions 690,020 - -
At 31 March 2024 7,080,705 299,220 24,562
DEPRECIATION
At 1 April 2023 - - 10,446
Charge for year - - 2,117
At 31 March 2024 - - 12,563
NET BOOK VALUE
At 31 March 2024 7,080,705 299,220 11,999
At 31 March 2023 6,390,685 299,220 14,116

Boulevard Care Limited (Registered number: 07706098)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 60,870 201,627 6,708 6,983,672
Additions 41,985 4,446 - 736,451
At 31 March 2024 102,855 206,073 6,708 7,720,123
DEPRECIATION
At 1 April 2023 22,635 114,180 3,343 150,604
Charge for year 10,560 22,603 1,965 37,245
At 31 March 2024 33,195 136,783 5,308 187,849
NET BOOK VALUE
At 31 March 2024 69,660 69,290 1,400 7,532,274
At 31 March 2023 38,235 87,447 3,365 6,833,068

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 40,751
Transfer to ownership (10,500 )
At 31 March 2024 30,251
DEPRECIATION
At 1 April 2023 10,182
Charge for year 7,642
Transfer to ownership (4,840 )
At 31 March 2024 12,984
NET BOOK VALUE
At 31 March 2024 17,267
At 31 March 2023 30,569

10. STOCKS
2024 2023
£    £   
Stocks 10,895 10,895

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (1,346 ) 75,409
Other debtors 53,647 8,777
Accrued income 21,342 62,026
Prepayments 15,380 16,505
89,023 162,717

Boulevard Care Limited (Registered number: 07706098)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 14)
511,347

297,948
Hire purchase contracts (see note 15) 549 6,048
Trade creditors 89,249 53,754
Tax 214,219 241,200
Social security and other taxes 140,095 75,000
Other creditors 8,870 11,300
Credit cards 20,394 14,633
Pension control 11,978 12,377
Directors' current accounts 1,256,470 1,412,693
Deferred income 36,610 108,136
Accrued expenses 46,104 26,818
2,335,885 2,259,907

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 14) 958,262 1,176,850
Hire purchase contracts (see note 15) - 549
958,262 1,177,399

14. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 287,064 86,347
Bank loans 224,283 211,601
511,347 297,948

Amounts falling due between one and two years:
Bank loans - 1-2 years 242,696 227,111

Amounts falling due between two and five years:
Bounce Back Loan 534,121 678,771

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 181,445 270,968

Boulevard Care Limited (Registered number: 07706098)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

14. LOANS - continued

Loans due after more than five years have the following repayment terms:


Repayments
remaining
Monthly
repayment £
Interest rate
AER %

HSBC Commercial Mortgage653,628.567.83
HSBC Flexible Business Loan #1295,294.446.2
HSBC Flexible Business Loan #2521,464.757.72
HSBC Flexible Business Loan #31034,376.137.82
HSBC Term Loan4911,022.398.26

15. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 549 6,048
Between one and five years - 549
549 6,597

16. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 287,064 86,347
Bank loans 1,182,545 1,388,451
Hire purchase contracts 549 6,597
1,470,158 1,481,395

HSBC hold fixed and floating charges over property and assets of the company present and future.

Amounts due under hire purchase agreements are secured on the assets to which they relate.

17. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 106,232 78,186

Deferred
tax
£   
Balance at 1 April 2023 78,186
Provided during year 28,046
Balance at 31 March 2024 106,232

Boulevard Care Limited (Registered number: 07706098)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

19. RESERVES
Retained
earnings
£   

At 1 April 2023 4,046,108
Profit for the year 227,223
Dividends (2,000 )
At 31 March 2024 4,271,331

20. PENSION COMMITMENTS

The company operates a defined contribution scheme and contributions are charged in the profit and loss account as they accrue. The charge for the year was £46,838 (2023 - £45,051).

21. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs P B Johnson.