Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31No description of principal activity192023-09-01false16falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08377789 2023-09-01 2024-08-31 08377789 2022-09-01 2023-08-31 08377789 2024-08-31 08377789 2023-08-31 08377789 c:Director2 2023-09-01 2024-08-31 08377789 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 08377789 d:Buildings d:LongLeaseholdAssets 2024-08-31 08377789 d:Buildings d:LongLeaseholdAssets 2023-08-31 08377789 d:MotorVehicles 2023-09-01 2024-08-31 08377789 d:MotorVehicles 2024-08-31 08377789 d:MotorVehicles 2023-08-31 08377789 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08377789 d:FurnitureFittings 2023-09-01 2024-08-31 08377789 d:FurnitureFittings 2024-08-31 08377789 d:FurnitureFittings 2023-08-31 08377789 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08377789 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08377789 d:Goodwill 2024-08-31 08377789 d:Goodwill 2023-08-31 08377789 d:CurrentFinancialInstruments 2024-08-31 08377789 d:CurrentFinancialInstruments 2023-08-31 08377789 d:Non-currentFinancialInstruments 2024-08-31 08377789 d:Non-currentFinancialInstruments 2023-08-31 08377789 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08377789 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08377789 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 08377789 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08377789 d:ShareCapital 2024-08-31 08377789 d:ShareCapital 2023-08-31 08377789 d:RetainedEarningsAccumulatedLosses 2024-08-31 08377789 d:RetainedEarningsAccumulatedLosses 2023-08-31 08377789 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 08377789 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 08377789 c:FRS102 2023-09-01 2024-08-31 08377789 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08377789 c:FullAccounts 2023-09-01 2024-08-31 08377789 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08377789 2 2023-09-01 2024-08-31 08377789 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 08377789









PATIENT CARE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
PATIENT CARE LTD
REGISTERED NUMBER: 08377789

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
120,845
123,898

  
120,845
123,898

Current assets
  

Stocks
  
102,553
101,583

Debtors: amounts falling due within one year
 6 
852,795
762,443

Cash at bank and in hand
  
192,430
174,680

  
1,147,778
1,038,706

Creditors: Amounts Falling Due Within One Year
 7 
(485,334)
(460,360)

Net current assets
  
 
 
662,444
 
 
578,346

Total assets less current liabilities
  
783,289
702,244

Creditors: amounts falling due after more than one year
  
(18,670)
-

Provisions for liabilities
  

Deferred tax
 9 
-
(340)

  
 
 
-
 
 
(340)

Net assets
  
764,619
701,904


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
764,419
701,704

  
764,619
701,904


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
PATIENT CARE LTD
REGISTERED NUMBER: 08377789
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 February 2025.




Mr Gilbert Kamgang Nkuitche
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PATIENT CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Patient Care Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 13605405. The address of the registered office is situated at Level 5A, Maple House, 149 Tottenham Court Road, London, W1T 7NF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 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 FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
PATIENT CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
PATIENT CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
PATIENT CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
19
16

Page 6

 
PATIENT CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2023
125,000



At 31 August 2024

125,000



Amortisation


At 1 September 2023
125,000



At 31 August 2024

125,000



Net book value



At 31 August 2024
-



At 31 August 2023
-



Page 7

 
PATIENT CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 September 2023
251,694
11,077
66,621
329,392


Additions
-
23,077
682
23,759



At 31 August 2024

251,694
34,154
67,303
353,151



Depreciation


At 1 September 2023
130,523
11,077
63,894
205,494


Charge for the year on owned assets
20,455
5,769
588
26,812



At 31 August 2024

150,978
16,846
64,482
232,306



Net book value



At 31 August 2024
100,716
17,308
2,821
120,845



At 31 August 2023
121,171
-
2,727
123,898


6.


Debtors

2024
2023
£
£


Trade debtors
268,305
250,488

Amounts owed by parent company
491,812
431,129

VAT repayable
75,273
63,711

Rent Deposit
12,500
12,500

Prepayments
4,514
4,615

Deferred taxation
391
-

852,795
762,443


Page 8

 
PATIENT CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
370,897
352,249

Director current account
5,734
1,026

Corporation tax
94,444
95,824

Other taxation and social security
6,278
4,855

Obligations under hire purchase contracts
4,586
-

Pension payable
1,421
1,038

Accruals
1,974
5,368

485,334
460,360



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under hire purchase contracts
18,670
-

18,670
-



9.


Deferred taxation




2024


£






At beginning of year
(340)


Charged to profit or loss
731



At end of year
391

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
391
(340)

391
(340)

Page 9

 
PATIENT CARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Controlling party

The company was under the control of Mr Gilbert Kamgang Nkuitche and Mrs Chiara Fantuzzi by virtue of the fact that between them they own 100% of the issued share capital in parent company. 
 
Page 10