IRIS Accounts Production v24.3.2.46 08824272 Board of Directors Board of Directors Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088242722023-02-28088242722024-02-29088242722023-03-012024-02-29088242722022-02-28088242722022-03-012023-02-28088242722023-02-2808824272ns15:EnglandWales2023-03-012024-02-2908824272ns14:PoundSterling2023-03-012024-02-2908824272ns10:Director12023-03-012024-02-2908824272ns10:Director22023-03-012024-02-2908824272ns10:Director32023-03-012024-02-2908824272ns10:Director42023-03-012024-02-2908824272ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908824272ns10:SmallEntities2023-03-012024-02-2908824272ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2908824272ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2908824272ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2908824272ns10:FullAccounts2023-03-012024-02-290882427212023-03-012024-02-2908824272ns10:RegisteredOffice2023-03-012024-02-2908824272ns5:CurrentFinancialInstruments2024-02-2908824272ns5:CurrentFinancialInstruments2023-02-2808824272ns5:Non-currentFinancialInstruments2024-02-2908824272ns5:Non-currentFinancialInstruments2023-02-2808824272ns5:ShareCapital2024-02-2908824272ns5:ShareCapital2023-02-2808824272ns5:RetainedEarningsAccumulatedLosses2024-02-2908824272ns5:RetainedEarningsAccumulatedLosses2023-02-2808824272ns5:NetGoodwill2023-03-012024-02-2908824272ns5:MotorVehicles2023-03-012024-02-2908824272ns5:ComputerEquipment2023-03-012024-02-2908824272ns5:NetGoodwill2023-02-2808824272ns5:NetGoodwill2024-02-2908824272ns5:NetGoodwill2023-02-2808824272ns5:FurnitureFittings2023-02-2808824272ns5:MotorVehicles2023-02-2808824272ns5:ComputerEquipment2023-02-2808824272ns5:FurnitureFittings2023-03-012024-02-2908824272ns5:FurnitureFittings2024-02-2908824272ns5:MotorVehicles2024-02-2908824272ns5:ComputerEquipment2024-02-2908824272ns5:FurnitureFittings2023-02-2808824272ns5:MotorVehicles2023-02-2808824272ns5:ComputerEquipment2023-02-2808824272ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2908824272ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28088242721ns10:Director12023-02-28088242721ns10:Director12022-02-28088242721ns10:Director12023-03-012024-02-29088242721ns10:Director12022-03-012023-02-28088242721ns10:Director12024-02-29088242721ns10:Director12023-02-2808824272ns10:Director222023-02-2808824272ns10:Director222022-02-2808824272ns10:Director222023-03-012024-02-2908824272ns10:Director222022-03-012023-02-2808824272ns10:Director222024-02-2908824272ns10:Director222023-02-28088242723ns10:Director32023-02-28088242723ns10:Director32022-02-28088242723ns10:Director32023-03-012024-02-29088242723ns10:Director32022-03-012023-02-28088242723ns10:Director32024-02-29088242723ns10:Director32023-02-28088242724ns10:Director42023-02-28088242724ns10:Director42022-02-28088242724ns10:Director42023-03-012024-02-29088242724ns10:Director42022-03-012023-02-28088242724ns10:Director42024-02-29088242724ns10:Director42023-02-28
REGISTERED NUMBER: 08824272 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Covenant Care Limited

Covenant Care Limited (Registered number: 08824272)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Covenant Care Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: W G Gillespie
Mrs R J Gillespie
Miss M J Gillespie
B W Gillespie





REGISTERED OFFICE: The Wheelhouse
Linden Hill
Wellington
Somerset
TA21 0DW





REGISTERED NUMBER: 08824272 (England and Wales)





ACCOUNTANTS: A Plus Accountancy & Business Solutions Limited
The Mount
21 High Street
Wellington
Somerset
TA21 8QT

Covenant Care Limited (Registered number: 08824272)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 64,000 96,000
Tangible assets 5 26,901 16,053
90,901 112,053

CURRENT ASSETS
Debtors 6 381,415 270,371
Cash at bank and in hand 22,890 83,579
404,305 353,950
CREDITORS
Amounts falling due within one year 7 320,821 203,510
NET CURRENT ASSETS 83,484 150,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,385

262,493

CREDITORS
Amounts falling due after more than one
year

8

173,902

257,983
NET ASSETS 483 4,510

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 383 4,410
SHAREHOLDERS' FUNDS 483 4,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Covenant Care Limited (Registered number: 08824272)

Balance Sheet - continued
29 February 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:




W G Gillespie - Director Mrs R J Gillespie - Director




B W Gillespie - Director Miss M J Gillespie - Director


Covenant Care Limited (Registered number: 08824272)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Covenant Care 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2023 - 64 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 320,000
AMORTISATION
At 1 March 2023 224,000
Amortisation for year 32,000
At 29 February 2024 256,000
NET BOOK VALUE
At 29 February 2024 64,000
At 28 February 2023 96,000

Covenant Care Limited (Registered number: 08824272)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures Motor
& fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 March 2023 4,832 15,795 42,438 63,065
Additions 6,595 12,485 1,096 20,176
Disposals - (4,300 ) - (4,300 )
At 29 February 2024 11,427 23,980 43,534 78,941
DEPRECIATION
At 1 March 2023 1,341 7,873 37,798 47,012
Charge for year 1,513 4,675 1,433 7,621
Eliminated on disposal - (2,593 ) - (2,593 )
At 29 February 2024 2,854 9,955 39,231 52,040
NET BOOK VALUE
At 29 February 2024 8,573 14,025 4,303 26,901
At 28 February 2023 3,491 7,922 4,640 16,053

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 19,764 17,982
Other debtors 361,651 252,389
381,415 270,371

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 227,121 128,753
Trade creditors 2,647 9,667
Taxation and social security 79,183 48,893
Other creditors 11,870 16,197
320,821 203,510

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 173,902 257,983

Covenant Care Limited (Registered number: 08824272)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
W G Gillespie
Balance outstanding at start of year (4,045 ) (38,269 )
Amounts advanced 37,848 34,224
Amounts repaid (33,475 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 328 (4,045 )

Mrs R J Gillespie
Balance outstanding at start of year (4,045 ) (38,269 )
Amounts advanced 37,848 34,224
Amounts repaid (33,475 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 328 (4,045 )

B W Gillespie
Balance outstanding at start of year 8,750 -
Amounts advanced 11,464 8,750
Amounts repaid (7,350 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,864 8,750

Miss M J Gillespie
Balance outstanding at start of year 8,750 -
Amounts advanced 1,250 8,750
Amounts repaid (7,350 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,650 8,750

Covenant Care Limited

Report of the Accountants to the Directors of
Covenant Care Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






A Plus Accountancy & Business Solutions Limited
The Mount
21 High Street
Wellington
Somerset
TA21 8QT


Date: .............................................