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REGISTERED NUMBER: 11309937 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

CARESCRIBE LIMITED

CARESCRIBE LIMITED (REGISTERED NUMBER: 11309937)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARESCRIBE LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: T E Cartwright
R D Purcell
C J Purcell





REGISTERED OFFICE: 33b Springmeadow Lane
Uppermill
Oldham
Greater Manchester
OL3 6HW





REGISTERED NUMBER: 11309937 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

CARESCRIBE LIMITED (REGISTERED NUMBER: 11309937)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 325,046 593,183
Tangible assets 5 56,742 58,341
381,788 651,524

CURRENT ASSETS
Debtors 6 367,243 291,799
Cash at bank 2,352,890 1,538,646
2,720,133 1,830,445
CREDITORS
Amounts falling due within one year 7 (2,233,274 ) (1,465,185 )
NET CURRENT ASSETS 486,859 365,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

868,647

1,016,784

CREDITORS
Amounts falling due after more than one year 8 (2,417,369 ) (1,447,870 )
NET LIABILITIES (1,548,722 ) (431,086 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (1,548,922 ) (431,286 )
(1,548,722 ) (431,086 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CARESCRIBE LIMITED (REGISTERED NUMBER: 11309937)

Balance Sheet - continued
30 APRIL 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:




R D Purcell - Director



T E Cartwright - Director


CARESCRIBE LIMITED (REGISTERED NUMBER: 11309937)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. COMPANY INFORMATION

Carescribe Limited 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 company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 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 £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

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.

CARESCRIBE LIMITED (REGISTERED NUMBER: 11309937)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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

CARESCRIBE LIMITED (REGISTERED NUMBER: 11309937)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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 year was 36 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 1,199,807
Additions 113,027
At 30 April 2024 1,312,834
AMORTISATION
At 1 May 2023 606,624
Charge for year 381,164
At 30 April 2024 987,788
NET BOOK VALUE
At 30 April 2024 325,046
At 30 April 2023 593,183

CARESCRIBE LIMITED (REGISTERED NUMBER: 11309937)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 9,770 20,344 46,614 76,728
Additions 4,174 3,825 23,754 31,753
At 30 April 2024 13,944 24,169 70,368 108,481
DEPRECIATION
At 1 May 2023 543 2,875 14,969 18,387
Charge for year 2,789 8,056 22,507 33,352
At 30 April 2024 3,332 10,931 37,476 51,739
NET BOOK VALUE
At 30 April 2024 10,612 13,238 32,892 56,742
At 30 April 2023 9,227 17,469 31,645 58,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 216,649 244,972
Other debtors 17,025 17,025
Directors' current accounts 82 75
Tax 104,763 -
Prepayments and accrued income 28,724 29,727
367,243 291,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,619 27,073
Social security and other taxes 71,791 61,057
VAT 194,365 186,729
Other creditors 3,123 16,968
Directors' current accounts 1,335 1,335
Accruals and deferred income 1,935,041 1,172,023
2,233,274 1,465,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 2,417,369 1,447,870

CARESCRIBE LIMITED (REGISTERED NUMBER: 11309937)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. OPERATING LEASE COMMITMENTS

At the reporting end date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £319,242 (2023: £397,133 )