Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31truetrue382023-08-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity44false 10888031 2023-08-01 2024-07-31 10888031 2022-08-01 2023-07-31 10888031 2024-07-31 10888031 2023-07-31 10888031 c:Director1 2023-08-01 2024-07-31 10888031 d:MotorVehicles 2023-08-01 2024-07-31 10888031 d:MotorVehicles 2024-07-31 10888031 d:MotorVehicles 2023-07-31 10888031 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10888031 d:FurnitureFittings 2023-08-01 2024-07-31 10888031 d:FurnitureFittings 2024-07-31 10888031 d:FurnitureFittings 2023-07-31 10888031 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10888031 d:OfficeEquipment 2023-08-01 2024-07-31 10888031 d:OfficeEquipment 2024-07-31 10888031 d:OfficeEquipment 2023-07-31 10888031 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10888031 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10888031 d:Goodwill 2023-08-01 2024-07-31 10888031 d:Goodwill 2024-07-31 10888031 d:Goodwill 2023-07-31 10888031 d:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 10888031 d:CurrentFinancialInstruments 2024-07-31 10888031 d:CurrentFinancialInstruments 2023-07-31 10888031 d:Non-currentFinancialInstruments 2024-07-31 10888031 d:Non-currentFinancialInstruments 2023-07-31 10888031 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 10888031 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10888031 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 10888031 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 10888031 d:ShareCapital 2024-07-31 10888031 d:ShareCapital 2023-07-31 10888031 d:RetainedEarningsAccumulatedLosses 2024-07-31 10888031 d:RetainedEarningsAccumulatedLosses 2023-07-31 10888031 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 10888031 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 10888031 c:FRS102 2023-08-01 2024-07-31 10888031 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10888031 c:FullAccounts 2023-08-01 2024-07-31 10888031 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10888031 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 10888031 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 10888031 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 10888031 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 10888031 2 2023-08-01 2024-07-31 10888031 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-07-31 10888031 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 10888031 d:LeasedAssetsHeldAsLessee 2024-07-31 10888031 d:LeasedAssetsHeldAsLessee 2023-07-31 10888031 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 10888031 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 10888031









MARYS CARE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
MARYS CARE LTD
REGISTERED NUMBER: 10888031

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,932
8,136

Tangible assets
 5 
46,891
55,291

  
52,823
63,427

Current assets
  

Debtors: amounts falling due within one year
 6 
121,984
127,985

Cash at bank and in hand
  
132,780
143,059

  
254,764
271,044

Creditors: amounts falling due within one year
 7 
(80,220)
(117,727)

Net current assets
  
 
 
174,544
 
 
153,317

Total assets less current liabilities
  
227,367
216,744

Creditors: amounts falling due after more than one year
 8 
(33,858)
(73,909)

Provisions for liabilities
  

Deferred tax
  
(13,206)
(13,823)

  
 
 
(13,206)
 
 
(13,823)

Net assets
  
180,303
129,012


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
180,203
128,912

  
180,303
129,012


Page 1

 
MARYS CARE LTD
REGISTERED NUMBER: 10888031
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2024.




Jenny Madghachian
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MARYS CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The company is a private company lmited by share capital, incorporated in England & Wales. The
company number and registered office address are:
Company number: 10888031
Registered office address: 140 Aycliffe Road, Borehamwood, England WD6 4DY

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MARYS CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
MARYS CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
10
years

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
13%
Fixtures and fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
MARYS CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 38 (2023 - 44).

Page 6

 
MARYS CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Intangible assets




Other

£



Cost


At 1 August 2023
20,340



At 31 July 2024

20,340



Amortisation


At 1 August 2023
12,204


Charge for the year on owned assets
2,204



At 31 July 2024

14,408



Net book value



At 31 July 2024
5,932



At 31 July 2023
8,136



Page 7

 
MARYS CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2023
60,500
795
7,698
68,993


Additions
-
-
1,296
1,296



At 31 July 2024

60,500
795
8,994
70,289



Depreciation


At 1 August 2023
7,563
199
5,940
13,702


Charge for the year on owned assets
7,562
199
1,935
9,696



At 31 July 2024

15,125
398
7,875
23,398



Net book value



At 31 July 2024
45,375
397
1,119
46,891



At 31 July 2023
52,937
596
1,758
55,291

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
45,375
52,938

45,375
52,938


6.


Debtors

2024
2023
£
£


Trade debtors
80,248
89,084

Other debtors
34,534
33,769

Prepayments and accrued income
7,202
5,132

121,984
127,985

Page 8

 
MARYS CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.Debtors (continued)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,222
14,512

Corporation tax
37,193
18,080

Other taxation and social security
2,694
4,759

Obligations under hire purchase contracts
5,884
5,885

Other creditors
23,327
66,101

Accruals and deferred income
3,900
8,390

80,220
117,727


The hire purchase contracts are secured on the assets concerned.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
34,167

Net obligations under hire purchase contracts
33,858
39,742

33,858
73,909


The hire purchase contracts are secured on the assets concerned.


9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,885
5,885

Between 1-5 years
33,857
39,742

39,742
45,627


10.


Deferred taxation

Page 9

 
MARYS CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
 
10.Deferred taxation (continued)




2024


£






At beginning of year
(13,823)


Charged to profit or loss
617



At end of year
(13,206)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(13,206)
(13,823)

(13,206)
(13,823)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £9,762 (2023: £6,226).
Contributions totalling £1,466 (2023: £1,239) were payable to the fund at the reporting date and are included in creditors.

 
Page 10