Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07520906 Miss Feena Kauser Mr FAISAL RAHMAN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07520906 2023-02-28 07520906 2024-02-28 07520906 2023-03-01 2024-02-28 07520906 frs-core:CurrentFinancialInstruments 2024-02-28 07520906 frs-core:Non-currentFinancialInstruments 2024-02-28 07520906 frs-core:ComputerEquipment 2024-02-28 07520906 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07520906 frs-core:ComputerEquipment 2023-02-28 07520906 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-28 07520906 frs-core:FurnitureFittings 2024-02-28 07520906 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07520906 frs-core:FurnitureFittings 2023-02-28 07520906 frs-core:MotorVehicles 2024-02-28 07520906 frs-core:MotorVehicles 2023-03-01 2024-02-28 07520906 frs-core:MotorVehicles 2023-02-28 07520906 frs-core:OtherResidualIntangibleAssets 2024-02-28 07520906 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-28 07520906 frs-core:OtherResidualIntangibleAssets 2023-02-28 07520906 frs-core:PlantMachinery 2024-02-28 07520906 frs-core:PlantMachinery 2023-03-01 2024-02-28 07520906 frs-core:PlantMachinery 2023-02-28 07520906 frs-core:ShareCapital 2024-02-28 07520906 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07520906 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07520906 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07520906 frs-bus:SmallEntities 2023-03-01 2024-02-28 07520906 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07520906 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07520906 frs-bus:Director1 2023-03-01 2024-02-28 07520906 frs-bus:Director2 2023-03-01 2024-02-28 07520906 frs-core:CurrentFinancialInstruments 2 2024-02-28 07520906 frs-countries:EnglandWales 2023-03-01 2024-02-28 07520906 2022-02-28 07520906 2023-02-28 07520906 2022-03-01 2023-02-28 07520906 frs-core:CurrentFinancialInstruments 2023-02-28 07520906 frs-core:Non-currentFinancialInstruments 2023-02-28 07520906 frs-core:ShareCapital 2023-02-28 07520906 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 07520906 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 07520906
Care XY Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07520906
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,143 11,568
Tangible Assets 5 112,474 102,450
127,617 114,018
CURRENT ASSETS
Debtors 6 148,541 38,768
Cash at bank and in hand 2,596 360,646
151,137 399,414
Creditors: Amounts Falling Due Within One Year 7 (118,150 ) (130,683 )
NET CURRENT ASSETS (LIABILITIES) 32,987 268,731
TOTAL ASSETS LESS CURRENT LIABILITIES 160,604 382,749
Creditors: Amounts Falling Due After More Than One Year 8 (19,870 ) (29,650 )
NET ASSETS 140,734 353,099
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 140,634 352,999
SHAREHOLDERS' FUNDS 140,734 353,099
Page 1
Page 2
For the year ending 28 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr FAISAL RAHMAN
Director
22/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Care XY Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07520906 . The registered office is Grove House, Grover Terrace , Walsall, West Midlands, WS1 2NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 260 (2023: 250)
260 250
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Page 4
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 11,568
Additions 3,575
As at 28 February 2024 15,143
Net Book Value
As at 28 February 2024 15,143
As at 1 March 2023 11,568
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 4,000 116,601 6,104 10,948 137,653
Additions - 30,514 - - 30,514
As at 28 February 2024 4,000 147,115 6,104 10,948 168,167
Depreciation
As at 1 March 2023 2,362 24,036 3,379 5,426 35,203
Provided during the period 327 18,513 545 1,105 20,490
As at 28 February 2024 2,689 42,549 3,924 6,531 55,693
Net Book Value
As at 28 February 2024 1,311 104,566 2,180 4,417 112,474
As at 1 March 2023 1,638 92,565 2,725 5,522 102,450
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 148,541 38,768
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 8,000 -
Corporation tax 65,726 94,869
Other taxes and social security 3,889 5,715
Other creditors 27,105 20,042
Other creditors (2) 1,482 -
Accruals and deferred income 11,947 10,057
118,150 130,683
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,870 29,650
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5