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REGISTERED NUMBER: 03364068 (England and Wales)















Strategic Report, Report of the Director and

Financial Statements for the Year Ended 30 April 2024

for

Easy Care Solutions Uk Ltd

Easy Care Solutions Uk Ltd (Registered number: 03364068)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


Easy Care Solutions Uk Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Sibtain Moledina





SECRETARY: Mrs Kaniz Moledina





REGISTERED OFFICE: Unit D Valley Park
Olds Approach
Watford
Hertfordshire
WD18 9TL





REGISTERED NUMBER: 03364068 (England and Wales)





AUDITORS: Merali's
Chartered Accountants & Statutory Auditors
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Strategic Report
for the Year Ended 30 April 2024

Easy Care solutions is a medium-sized enterprise specializing in healthcare supplies. With over 20 years of industry experience, we have built a strong reputation for providing quality products at competitive prices. Our commitment to customer satisfaction and operational excellence has been the driving force behind our sustained growth and success.
Business Model and Strategy
Our business model is centred around delivering high-quality healthcare supplies efficiently and cost-effectively. Our key strategic pillars include:
Customer-Centric Approach: Prioritizing customer needs by offering excellent service and competitive pricing. Operational Efficiency:
Expanding and optimizing warehouse operations to ensure stock availability and timely delivery.
Market Expansion: Growing our customer base through digital marketing and strategic partnerships.
Sustainability and Compliance: Ensuring our operations align with industry regulations and environmental sustainability practices.

Business Review and Performance
Over the past financial year, Easy Care solutions has achieved significant milestones:
Revenue Growth: Sustained growth due to increased demand for healthcare supplies.
Operational Expansion: Increased warehousing capacity to enhance stock management and distribution.
Customer Satisfaction: Maintained high customer retention rates through service excellence and competitive pricing.

Key Performance Indicators (KPIs) for the Year Ended 30 April 2024
Our strong financial performance reflects our strategic growth and operational efficiency. The key performance indicators for the financial year ending 30 April 2024 are as follows:
Turnover Surge: A remarkable 33% increase in Easy Care Solutions turnover compared to 2023, driven by expanded market reach and enhanced product offerings.
Stable Profit Margins: Despite the significant revenue growth, Easy care solutions' gross profit margin remained steady at 17%, showcasing our ability to manage costs effectively.
Profitability Boost: Easy care solutions' profit before tax surged by 41%, reflecting our robust financial health and operational efficiencies.

Principal Risks and Uncertainties
As with any business, Easy Care Solutions faces several risks:
Supply Chain Disruptions: Risks associated with supplier delays and global supply chain issues.
Regulatory Compliance: Ensuring adherence to healthcare industry standards and regulations.
Economic Factors: Inflation and market fluctuations impacting pricing and costs.
Technological Advancements: Keeping up with innovations to maintain competitiveness in the industry.

Future Prospects and Strategic Outlook
Easy Care Solutions aims to maintain its market position and drive further growth through:
Digital Transformation: Enhancing our online presence and e-commerce capabilities.
Product Diversification: Expanding our product range to meet evolving customer needs.
Sustainable Practices: Implementing environmentally friendly operations and sourcing sustainable materials.
Strategic Partnerships: Collaborating with healthcare institutions and suppliers to strengthen market reach.

Corporate Social Responsibility (CSR)
We are committed to ethical business practices and community engagement. Our CSR initiatives focus on:
Supporting charities and initiatives.
Promoting ethical sourcing and responsible business conduct.

Easy Care Solutions continues to evolve and grow, driven by our passion for quality healthcare supplies and customer satisfaction. With a strong strategic foundation, we are confident in our ability to navigate challenges and seize future opportunities for sustainable success.

ON BEHALF OF THE BOARD:





Sibtain Moledina - Director


30 January 2025

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Report of the Director
for the Year Ended 30 April 2024

The director presents his report with the financial statements of the company for the year ended 30 April 2024.

DIVIDENDS
The total dividends paid for the year ended 30 April 2024 was £7,500,000, (2023: £192,000).

DIRECTOR
Sibtain Moledina held office during the whole of the period from 1 May 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
In the absence of a notice proposing that the appointment be terminated, the auditors, Merali's, are deemed to be reappointed for the next financial year.

ON BEHALF OF THE BOARD:





Sibtain Moledina - Director


30 January 2025

Report of the Independent Auditors to the Members of
Easy Care Solutions Uk Ltd

Qualified Opinion
We have audited the financial statements of Easy Care Solutions Uk Ltd (the 'company') for the year ended 30 April 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements, except for the effects of the matters described in the Basis for Qualified Opinion section of our report:
- give a true and fair view of the state of the group's and of the parent company affairs as at 30 April 2024 and of the group's profit for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Qualified opinion
We were appointed as auditors of the Company during 2024 and were therefore unable to observe the physical inventory count as at 30 April 2023. As this is the Company's first audit, we could not obtain sufficient appropriate audit evidence over the existence and completeness of the opening stock balance of £2,038,924 through alternative procedures.

Since the opening stock balance affects the reported results for the year ended 30 April 2024, we are unable to determine whether any adjustments might have been necessary. Accordingly, our opinion is qualified in this respect.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISA (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the frc's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Other Matter - Comparative Figures
The financial statements for the year ended 30 April 2023 were not audited, and accordingly, the comparative figures presented in the financial statements for the year ended 30 April 2024 are unaudited. Our opinion on this matter is not qualified in this context.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Easy Care Solutions Uk Ltd


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Easy Care Solutions Uk Ltd


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- enquiring with management including obtaining and reviewing supporting documentation concerning the company's policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance.
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud.
- the company's controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
-discussing among the engagement team including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
- obtaining an understanding of the legal and regulatory framework that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included the Companies Act 2006 and Tax legislation.

Audit response to risks identified
As a result of performing the above, we identified revenue recognition including completeness and cut-off; and closing stock existence, completeness, and valuation; as key audit matters/risks.

Our procedures to respond to risks identified included the following:

-In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
-Substantive testing on completeness and cut-off of revenues.
-Substantive testing on completeness, existence and valuation of the closing stock.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Easy Care Solutions Uk Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




MPK Merali (Senior Statutory Auditor) (Senior Statutory Auditor)
for and on behalf of Merali's
Chartered Accountants & Statutory Auditors
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

30 January 2025

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Income Statement
for the Year Ended 30 April 2024

2024 2023
Notes £    £   

TURNOVER 36,064,728 27,118,023

Cost of sales (29,762,239 ) (22,564,615 )
GROSS PROFIT 6,302,489 4,553,408

Administrative expenses (2,608,404 ) (1,924,520 )
OPERATING PROFIT 4 3,694,085 2,628,888

Interest receivable and similar income 253 59
3,694,338 2,628,947

Interest payable and similar expenses 5 (12,267 ) (25,395 )
PROFIT BEFORE TAXATION 3,682,071 2,603,552

Tax on profit 6 (953,993 ) (513,256 )
PROFIT FOR THE FINANCIAL YEAR 2,728,078 2,090,296

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Other Comprehensive Income
for the Year Ended 30 April 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 2,728,078 2,090,296


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

2,728,078

2,090,296

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 8 107,152 134,661

CURRENT ASSETS
Stocks 9 1,489,362 2,038,924
Debtors 10 1,765,261 4,011,364
Cash at bank 125,323 1,104,386
3,379,946 7,154,674
CREDITORS
Amounts falling due within one year 11 (3,322,241 ) (2,102,914 )
NET CURRENT ASSETS 57,705 5,051,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,857

5,186,421

CREDITORS
Amounts falling due after more than one year 12 (104,797 ) (380,580 )

PROVISIONS FOR LIABILITIES 15 (26,141 ) -
NET ASSETS 33,919 4,805,841

CAPITAL AND RESERVES
Called up share capital 16 100 100
Retained earnings 17 33,819 4,805,741
SHAREHOLDERS' FUNDS 33,919 4,805,841

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





Sibtain Moledina - Director


Easy Care Solutions Uk Ltd (Registered number: 03364068)

Statement of Changes in Equity
for the Year Ended 30 April 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 - 2,907,445 2,907,445

Changes in equity
Issue of share capital 100 - 100
Dividends - (192,000 ) (192,000 )
Total comprehensive income - 2,090,296 2,090,296
Balance at 30 April 2023 100 4,805,741 4,805,841

Changes in equity
Dividends - (7,500,000 ) (7,500,000 )
Total comprehensive income - 2,728,078 2,728,078
Balance at 30 April 2024 100 33,819 33,919

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Easy Care Solutions Uk 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of paragraphs 29.28(b) and 29.29;
the requirement of paragraph 33.7.

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

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

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.

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.

Easy Care Solutions Uk Ltd (Registered number: 03364068)

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.

Going concern
The directors have assessed the company's ability to continue as a going concern, considering its financial position, liquidity, and expected future cash flows.

Based on this assessment, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the financial statements have been prepared on a going concern basis, and no material uncertainties have been identified in relation to going concern.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,658,671 1,185,406
Other pension costs 6,037 5,977
1,664,708 1,191,383

The average number of employees during the year was as follows:
2024 2023

Management 4 4
Warehouse Staff 39 39
43 43

2024 2023
£    £   
Director's remuneration 88,000 20,696

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Other operating leases 242,600 242,600
Depreciation - owned assets 35,740 44,908
Auditors' remuneration 16,150 -

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 8,905 20,773
Hire purchase 3,362 4,622
12,267 25,395

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 927,852 513,256

Deferred tax 26,141 -
Tax on profit 953,993 513,256

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 3,682,071 2,603,552
Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 -
19.490%)

920,518

507,432

Effects of:
Expenses not deductible for tax purposes 498 325
Depreciation in excess of capital allowances 6,836 5,499
Deferred Tax Liability on Fixed Asset 26,141 -
Total tax charge 953,993 513,256

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of 1 each
Interim 7,500,000 192,000

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 162,378 90,605 4,862 257,845
Additions - 8,231 - 8,231
At 30 April 2024 162,378 98,836 4,862 266,076
DEPRECIATION
At 1 May 2023 93,548 24,774 4,862 123,184
Charge for year 17,224 18,516 - 35,740
At 30 April 2024 110,772 43,290 4,862 158,924
NET BOOK VALUE
At 30 April 2024 51,606 55,546 - 107,152
At 30 April 2023 68,830 65,831 - 134,661

9. STOCKS
2024 2023
£    £   
Stocks 1,489,362 2,038,924

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 670,069 76,197
Amounts owed by group undertakings 576,232 3,000,543
Other debtors 126,035 649,187
VAT 240,458 146,559
Prepayments 152,467 138,878
1,765,261 4,011,364

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 13) 22,104 49,948
Hire purchase contracts (see note 14) 4,583 35,588
Trade creditors 2,477,685 1,360,622
Tax 512,655 513,256
Social security and other taxes 38,259 -
Other creditors 82,686 -
Accruals and deferred income 184,269 143,500
3,322,241 2,102,914

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 13) 104,797 349,626
Hire purchase contracts (see note 14) - 30,954
104,797 380,580

13. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 22,104 49,948

Amounts falling due between two and five years:
Bank loans - 2-5 years 104,797 349,626

The company has following securities with Lloyds bank

- Debenture from 06/12/2017
- Letter of set off with Easy care Holdings from 20/04/2022.

14. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,583 35,588
Between one and five years - 30,954
4,583 66,542

Non-cancellable operating leases
2024 2023
£    £   
Within one year 242,600 242,600
Between one and five years 60,650 1,213,000
In more than five years - 303,250
303,250 1,758,850

The lease agreement included a break clause effective 31 July 2025, which has been exercised.

Easy Care Solutions Uk Ltd (Registered number: 03364068)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 26,141 -

Deferred
tax
£   
Provided during year 26,141
Balance at 30 April 2024 26,141

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

17. RESERVES
Retained
earnings
£   

At 1 May 2023 4,805,741
Profit for the year 2,728,078
Dividends (7,500,000 )
At 30 April 2024 33,819

18. RELATED PARTY DISCLOSURES

Amounts due from related parties consists of £0 (2023: 525,000) due from Imran Moledina, a key shareholder.

The company's immediate and ultimate holding company is Easy care Holdings Limited. Easy Care Holdings Ltd was incorporated in England and Wales. The ultimate controlling parties are Mr Sibtain Moledina and his family members, who together control 100% of the shares of Easy care Holdings Limited.