Company Registration No. 11929002 (England and Wales)
CARE PLUS DEVON LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
CARE PLUS DEVON LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CARE PLUS DEVON LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
6
60,890
30,950
Current assets
Stocks
7
17,240
21,550
Debtors
8
64,339
106,623
Cash at bank and in hand
494,621
390,007
576,200
518,180
Creditors: amounts falling due within one year
9
(173,941)
(173,231)
Net current assets
402,259
344,949
Total assets less current liabilities
463,149
375,899
Provisions for liabilities
Deferred tax liability
15,222
7,737
(15,222)
(7,737)
Net assets
447,927
368,162
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
447,925
368,160
Total equity
447,927
368,162

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CARE PLUS DEVON LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 6 January 2025 and are signed on its behalf by:
Mrs D E Everett
Director
Company Registration No. 11929002
CARE PLUS DEVON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Care Plus Devon Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Tor Hill House, Union Street, Torquay, Devon, United Kingdom, TQ2 5QW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

These financial statements for the year ended 30 April 2024 are the first financial statements of Care Plus Devon Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 May 2023.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% Reducing Balance
Computers
20% Reducing Balance
Motor vehicles
20% Straight-line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CARE PLUS DEVON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
25,200
25,050
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
56
41
5
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
84,866
45,632
Deferred tax
Origination and reversal of timing differences
7,485
7,737
Total tax charge
92,351
53,369
CARE PLUS DEVON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
6
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023
6,526
10,102
21,913
38,541
Additions
817
1,033
41,239
43,089
At 30 April 2024
7,343
11,135
63,152
81,630
Depreciation and impairment
At 1 May 2023
489
2,368
4,734
7,591
Depreciation charged in the year
1,329
1,644
10,176
13,149
At 30 April 2024
1,818
4,012
14,910
20,740
Carrying amount
At 30 April 2024
5,525
7,123
48,242
60,890
At 30 April 2023
6,037
7,734
17,179
30,950
7
Stocks
2024
2023
£
£
Finished goods and goods for resale
17,240
21,550
8
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
104,908
Other debtors
1,494
-
0
Prepayments and accrued income
62,845
1,715
64,339
106,623
9
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Other borrowings
456
60,920
Corporation tax
84,867
45,632
Other taxation and social security
63,707
63,361
Other creditors
780
1,818
Accruals and deferred income
24,131
1,500
173,941
173,231
CARE PLUS DEVON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
7,250
7,250
Between two and five years
16,304
23,554
23,554
30,804
11
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 May
30 April
2022
2023
£
£
Equity as reported under previous UK GAAP and under FRS 102
317,724
375,899
Adjustments to prior year
-
(7,737)
As restated
317,724
368,162
Reconciliation of profit for the financial period
2023
£
Profit as reported under previous UK GAAP
205,675
Adjustments arising from transition to FRS 102:
Deferred Tax
(7,737)
Profit reported under FRS 102
197,938
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