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REGISTERED NUMBER: 11481296 (England and Wales)















Financial Statements for the Period 1 August 2022 to 31 January 2024

for

Embrace Care Ltd

Embrace Care Ltd (Registered number: 11481296)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Embrace Care Ltd

Company Information
for the Period 1 August 2022 to 31 January 2024







DIRECTORS: M J Williams
C P Griffiths





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 11481296 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Embrace Care Ltd (Registered number: 11481296)

Balance Sheet
31 January 2024

31.1.24 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 825 1,050
Tangible assets 5 686,263 290,508
687,088 291,558

CURRENT ASSETS
Debtors 6 267,072 265,060
Cash at bank and in hand 6,509 8,868
273,581 273,928
CREDITORS
Amounts falling due within one year 7 833,044 450,320
NET CURRENT LIABILITIES (559,463 ) (176,392 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,625

115,166

CREDITORS
Amounts falling due after more than one
year

8

80,582

71,624
NET ASSETS 47,043 43,542

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 47,041 43,540
47,043 43,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Embrace Care Ltd (Registered number: 11481296)

Balance Sheet - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





C P Griffiths - Director


Embrace Care Ltd (Registered number: 11481296)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 January 2024

1. STATUTORY INFORMATION

Embrace Care Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 ''The Financial Reporting Standard in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is the fair value of consideration receivable of consideration received or receivable from the supply of care services excluding discounts, vat and rebates. Turnover is recognised as during the course of the contract.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 etc - 33% on cost, 20% on reducing balance and in accordance with the property

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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

Embrace Care Ltd (Registered number: 11481296)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 January 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 period 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.

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

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

The average number of employees during the period was 46 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 January 2024 1,500
AMORTISATION
At 1 August 2022 450
Charge for period 225
At 31 January 2024 675
NET BOOK VALUE
At 31 January 2024 825
At 31 July 2022 1,050

Embrace Care Ltd (Registered number: 11481296)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 414,895
Additions 521,391
Disposals (24,101 )
At 31 January 2024 912,185
DEPRECIATION
At 1 August 2022 124,387
Charge for period 115,468
Eliminated on disposal (13,933 )
At 31 January 2024 225,922
NET BOOK VALUE
At 31 January 2024 686,263
At 31 July 2022 290,508

Lloyds Bank Commercial Finance ltd hold charges over the assets.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 115,580
Additions 94,069
Disposals (24,101 )
At 31 January 2024 185,548
DEPRECIATION
At 1 August 2022 57,331
Charge for period 31,395
Eliminated on disposal (13,933 )
At 31 January 2024 74,793
NET BOOK VALUE
At 31 January 2024 110,755
At 31 July 2022 58,249

Embrace Care Ltd (Registered number: 11481296)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.7.22
£    £   
Trade debtors 211,140 198,144
Amounts owed by associates - 17,500
Other debtors 55,932 49,416
267,072 265,060

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.7.22
£    £   
Bank loans and overdrafts 295,442 147,117
Hire purchase contracts 41,554 20,999
Trade creditors 90,760 17,056
Taxation and social security 391,751 173,885
Other creditors 13,537 91,263
833,044 450,320

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.7.22
£    £   
Bank loans 30,185 38,421
Hire purchase contracts 50,397 33,203
80,582 71,624

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,185 16,198

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.7.22
£    £   
Bank loans 35,185 43,977
Hire purchase contracts 91,951 -
127,136 43,977