IRIS Accounts Production v24.3.2.46 12792200 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh127922002023-04-30127922002024-04-30127922002023-05-012024-04-30127922002022-04-30127922002022-05-012023-04-30127922002023-04-3012792200ns15:EnglandWales2023-05-012024-04-3012792200ns14:PoundSterling2023-05-012024-04-3012792200ns10:Director12023-05-012024-04-3012792200ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3012792200ns10:SmallEntities2023-05-012024-04-3012792200ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3012792200ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3012792200ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3012792200ns10:FullAccounts2023-05-012024-04-301279220012023-05-012024-04-3012792200ns10:Director22023-05-012024-04-3012792200ns10:Director32023-05-012024-04-3012792200ns10:Director42023-05-012024-04-3012792200ns10:CompanySecretary12023-05-012024-04-3012792200ns10:RegisteredOffice2023-05-012024-04-3012792200ns5:CurrentFinancialInstruments2024-04-3012792200ns5:CurrentFinancialInstruments2023-04-3012792200ns5:Non-currentFinancialInstruments2024-04-3012792200ns5:Non-currentFinancialInstruments2023-04-3012792200ns5:ShareCapital2024-04-3012792200ns5:ShareCapital2023-04-3012792200ns5:SharePremium2024-04-3012792200ns5:SharePremium2023-04-3012792200ns5:RetainedEarningsAccumulatedLosses2024-04-3012792200ns5:RetainedEarningsAccumulatedLosses2023-04-3012792200ns5:NetGoodwill2023-05-012024-04-3012792200ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3012792200ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-05-012024-04-3012792200ns5:LandBuildingsns5:ShortLeaseholdAssets2023-05-012024-04-3012792200ns5:PlantMachinery2023-05-012024-04-3012792200ns5:FurnitureFittings2023-05-012024-04-3012792200ns5:MotorVehicles2023-05-012024-04-3012792200ns5:ComputerEquipment2023-05-012024-04-3012792200ns5:NetGoodwill2023-04-3012792200ns5:NetGoodwill2024-04-3012792200ns5:NetGoodwill2023-04-3012792200ns5:LandBuildings2023-04-3012792200ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3012792200ns5:PlantMachinery2023-04-3012792200ns5:LandBuildings2023-05-012024-04-3012792200ns5:LandBuildings2024-04-3012792200ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-3012792200ns5:PlantMachinery2024-04-3012792200ns5:LandBuildings2023-04-3012792200ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3012792200ns5:PlantMachinery2023-04-3012792200ns5:FurnitureFittings2023-04-3012792200ns5:MotorVehicles2023-04-3012792200ns5:ComputerEquipment2023-04-3012792200ns5:FurnitureFittings2024-04-3012792200ns5:MotorVehicles2024-04-3012792200ns5:ComputerEquipment2024-04-3012792200ns5:FurnitureFittings2023-04-3012792200ns5:MotorVehicles2023-04-3012792200ns5:ComputerEquipment2023-04-3012792200ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3012792200ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 12792200 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ASVACARE LTD

ASVACARE LTD (REGISTERED NUMBER: 12792200)

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


ASVACARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P K Patel
Mrs C Patel
Mrs K Patel
Mrs J S Patel





SECRETARY: Mrs C Patel





REGISTERED OFFICE: 114-116 Goodmayes Road
Ilford
IG3 9UZ





REGISTERED NUMBER: 12792200 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

ASVACARE LTD (REGISTERED NUMBER: 12792200)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,450,000 6,450,000
Tangible assets 5 2,014,614 1,983,616
8,464,614 8,433,616

CURRENT ASSETS
Stocks 6 465,507 448,123
Debtors 7 788,317 642,431
Cash at bank and in hand 508,931 564,845
1,762,755 1,655,399
CREDITORS
Amounts falling due within one year 8 1,342,528 1,447,198
NET CURRENT ASSETS 420,227 208,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,884,841

8,641,817

CREDITORS
Amounts falling due after more than one
year

9

4,485,692

4,393,218
NET ASSETS 4,399,149 4,248,599

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 3,556,356 3,556,356
Retained earnings 842,393 691,843
4,399,149 4,248,599

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.

ASVACARE LTD (REGISTERED NUMBER: 12792200)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





P K Patel - Director


ASVACARE LTD (REGISTERED NUMBER: 12792200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Asvacare 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on reducing balance
Short leasehold - in accordance with the property
Plant and machinery - Plant and Machinery
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

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.

ASVACARE LTD (REGISTERED NUMBER: 12792200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

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 39 (2023 - 43 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 6,450,000
NET BOOK VALUE
At 30 April 2024 6,450,000
At 30 April 2023 6,450,000

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 May 2023 1,710,350 14,874 225,725
Additions - - -
At 30 April 2024 1,710,350 14,874 225,725
DEPRECIATION
At 1 May 2023 - 2,974 56,430
Charge for year - 1,487 42,324
At 30 April 2024 - 4,461 98,754
NET BOOK VALUE
At 30 April 2024 1,710,350 10,413 126,971
At 30 April 2023 1,710,350 11,900 169,295

ASVACARE LTD (REGISTERED NUMBER: 12792200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 129,896 - 22,258 2,103,103
Additions - 130,500 854 131,354
At 30 April 2024 129,896 130,500 23,112 2,234,457
DEPRECIATION
At 1 May 2023 45,244 - 14,839 119,487
Charge for year 21,163 32,625 2,757 100,356
At 30 April 2024 66,407 32,625 17,596 219,843
NET BOOK VALUE
At 30 April 2024 63,489 97,875 5,516 2,014,614
At 30 April 2023 84,652 - 7,419 1,983,616

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 465,507 448,123

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 602,017 452,598
Other debtors 186,300 189,833
788,317 642,431

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 314,078 313,252
Trade creditors 958,738 829,823
Taxation and social security 29,374 34,650
Other creditors 40,338 269,473
1,342,528 1,447,198

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 4,135,692 4,343,218
Other creditors 350,000 50,000
4,485,692 4,393,218

ASVACARE LTD (REGISTERED NUMBER: 12792200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by Mr P K Patel and Mrs C Patel.