Company Registration No. 11713964 (England and Wales)
VOW CARE SERVICES LIMITED
Unaudited accounts
for the year ended 31 December 2024
VOW CARE SERVICES LIMITED
Unaudited accounts
Contents
VOW CARE SERVICES LIMITED
Company Information
for the year ended 31 December 2024
Directors
Mrs Ubeku Ayobami Enitan
Mr Ubeku Dempsey Ogaga
Company Number
11713964 (England and Wales)
Registered Office
30 LARCHWOOD ROAD
HEMEL HEMPSTEAD
HP2 5NB
ENGLAND
VOW CARE SERVICES LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
11,467
12,998
Cash at bank and in hand
158,912
47,606
Creditors: amounts falling due within one year
(133,535)
(62,498)
Net current assets
42,676
23,259
Total assets less current liabilities
54,143
36,257
Creditors: amounts falling due after more than one year
(17,097)
(27,775)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
36,699
8,481
Shareholders' funds
36,700
8,482
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by
Mrs Ubeku Ayobami Enitan
Director
Company Registration No. 11713964
VOW CARE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
VOW CARE SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11713964. The registered office is 30 LARCHWOOD ROAD, HEMEL HEMPSTEAD, HP2 5NB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
3.1 Presentation currency
The accounts are presented in £ sterling.
The accounts have been prepared under the historical cost convention unless specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standards 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with Section 1A of FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
In considering the appropriate basis on which to prepare the financial statements, the directors are required to consider whether the company can continue in operational existence for the foreseeable future.
The company recorded a profit of £36,611 (2023 £14,6711 profit) during the year and had a cash balance of £158,911.64 (2023 £47,606) as at 31st December 2024 and net liabilities of £44,593 (2023 £8,482).
Consequently, the directors have concluded that it is appropriate to prepare the company’s financial statements on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
3.5 Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover from the sale of services is recognised when the company has transferred the significant risks and rewards of ownership to the customer and it is a probable that the company will receive the previously agreed upon payment. Those criteria are considered to be met when the services are provided to the customer.
VOW CARE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
The company operates a defined contribution scheme for the benefit of its employees. A defined contribution plan is pension plan under which the company pays fixed contributions into a separate entity. Contributions payable are recognised in the profit and loss account when due.
3.8 Current and Deferred taxation
The tax expenses for the year comprises current and deferred tax. Tax is recognised in income statement.
The current income tax charge us calculated on the basis of tax and laws that have been enacted or substantively enacted by the reporting date in the UK where the company operates and generates income.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
13,000
-
575
13,575
At 31 December 2024
13,000
968
1,098
15,066
At 1 January 2024
433
-
144
577
Charge for the year
2,600
202
220
3,022
At 31 December 2024
3,033
202
364
3,599
At 31 December 2024
9,967
766
734
11,467
At 31 December 2023
12,567
-
431
12,998
Amounts falling due within one year
Accrued income and prepayments
16,357
-
VOW CARE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,537
3,267
Other creditors
5,292
5,378
Loans from directors
74,181
53,493
7
Creditors: amounts falling due after more than one year
2024
2023
This relates to Bounce Back Loan taken in 2020 during Covid19 period.
8
Average number of employees
During the year the average number of employees was 11 (2023: 20).