Company Registration No. 4842024 (England and Wales)
FINEST CARE LIMITED
Unaudited accounts
for the year ended 29 February 2024
FINEST CARE LIMITED
Unaudited accounts
Contents
FINEST CARE LIMITED
Company Information
for the year ended 29 February 2024
Secretary
Mrs. Sukhjit Gill
Company Number
4842024 (England and Wales)
Registered Office
37 Allennby Road
Southall
Middlesex
UB1 2EY
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
FINEST CARE LIMITED
Accountants' report
Accountants' report to the director of FINEST CARE LIMITED on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FINEST CARE LIMITED for the year ended
29 February 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FINEST CARE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FINEST CARE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FINEST CARE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FINEST CARE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of FINEST CARE LIMITED. You consider that FINEST CARE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FINEST CARE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
20 November 2024
FINEST CARE LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
723,264
722,460
Cash at bank and in hand
101,494
158,117
Creditors: amounts falling due within one year
(40,239)
(104,089)
Net current assets
143,994
164,413
Total assets less current liabilities
867,258
886,873
Creditors: amounts falling due after more than one year
(22,503)
(34,820)
Provisions for liabilities
Deferred tax
(1,972)
(2,283)
Net assets
842,783
849,770
Called up share capital
2
2
Profit and loss account
842,781
849,768
Shareholders' funds
842,783
849,770
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2024 and were signed on its behalf by
Mr Hardeep Gill
Director
Company Registration No. 4842024
FINEST CARE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
FINEST CARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4842024. The registered office is 37 Allennby Road, Southall, Middlesex, UB1 2EY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Fixtures & fittings
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company only enters into basic financial instrument 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.
FINEST CARE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
678,239
80,698
21,555
780,492
Additions
-
-
10,169
10,169
At 29 February 2024
678,239
80,698
31,724
790,661
At 1 March 2023
-
48,497
9,535
58,032
Charge for the year
-
4,993
4,372
9,365
At 29 February 2024
-
53,490
13,907
67,397
At 29 February 2024
678,239
27,208
17,817
723,264
At 28 February 2023
678,239
32,201
12,020
722,460
Amounts falling due within one year
Other debtors
82,739
110,385
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,126
30,247
Taxes and social security
29,827
33,491
7
Creditors: amounts falling due after more than one year
2024
2023
8
Deferred taxation
2024
2023
Accelerated capital allowances
1,972
2,283
Provision at start of year
2,283
1,286
(Credited)/charged to the profit and loss account
(311)
997
Provision at end of year
1,972
2,283
FINEST CARE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
9
Average number of employees
During the year the average number of employees was 42 (2023: 40).