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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—7 |
2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 7 |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 10 | - |
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NET (LIABILITIES)/ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 11 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (5,040,819) | 1,163,551 | |||
Director
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Freehold Property |
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Freehold Improvements |
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Plant & Machinery |
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Motor Vehicles |
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Land & Property | |||||
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Freehold Property | Freehold Improvements | Plant & Machinery | Motor Vehicles | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 February 2023 |
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Additions |
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Disposals |
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As at 31 January 2024 |
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Depreciation | |||||
As at 1 February 2023 |
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Provided during the period |
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Impairment losses |
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Disposals |
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As at 31 January 2024 |
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Net Book Value | |||||
As at 31 January 2024 |
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As at 1 February 2023 |
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2024 | 2023 | ||
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£ | £ | ||
Plant & Machinery |
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Motor Vehicles |
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2024 | 2023 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Deferred tax current asset | 117,537 | - | |
Directors' loan accounts |
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2024 | 2023 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Bank loans and overdrafts |
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Corporation tax |
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Other taxes and social security |
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Net wages | 105,973 | 84,180 | |
Other creditors |
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Accruals and deferred income |
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Directors' loan accounts |
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Amounts owed to related parties |
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2024 | 2023 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Bank loans |
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2024 | 2023 | ||
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£ | £ | ||
Bank loans and overdrafts | 7,787,429 | 6,738,547 |
2024 | 2023 | ||
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£ | £ | ||
The future minimum finance lease payments are as follows: | |||
Not later than one year |
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Later than one year and not later than five years |
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2024 | 2023 | ||
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£ | £ | ||
Other timing differences | (117,537) | 47,418 | |
As at 1 February 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2024 | |
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£ | £ | £ | £ | £ | |
Mr Lee Smith |
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Cove Care Holdings Limited
Parent company.
Included within amounts owed to related parties is a balance of £174,621 (2023: £3,242 Debtor) owed to the connected company.
Cove Care Transitions Limited
A company under the control of the directors.
Included within amounts owed to related parties is a balance of £543,456 (2023: £271,847) owed to the connected company.
Cove Healthcare Limited
A company in liquidation under the control of the directors.
Included as an Irrecoverable Loan written off is a balance of £1,847,530 (2023: £1,349,072 Debtor).
Cove Academy and Training Limited
A company under common control
Included within amounts owed to related parties is a balance of £117,402 (2023: £148,700) owed to the connected company.