Registered number
08965967
CAREJOY HEALTHCARE LTD
Filleted Accounts
31 March 2024
CAREJOY HEALTHCARE LTD
Registered number: 08965967
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,180 60,540
Current assets
Debtors 4 914,792 1,154,864
Cash at bank and in hand 2,209 3,339
917,001 1,158,203
Creditors: amounts falling due within one year 5 (1,017,005) (1,152,317)
Net current (liabilities)/assets (100,004) 5,886
Total assets less current liabilities (51,824) 66,426
Creditors: amounts falling due after more than one year 6 (40,994) -
Net (liabilities)/assets (92,818) 66,426
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (93,818) 65,426
Shareholders' funds (92,818) 66,426
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Darren Stubbs
Director
Approved by the board on 6 March 2025
CAREJOY HEALTHCARE LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 12
3 Tangible fixed assets
Fixture & Fittings Motor vehicles Total
£ £ £
Cost
At 1 April 2023 13,942 60,000 73,942
Additions 732 - 732
At 31 March 2024 14,674 60,000 74,674
Depreciation
At 1 April 2023 10,402 3,000 13,402
Charge for the year 1,092 12,000 13,092
At 31 March 2024 11,494 15,000 26,494
Net book value
At 31 March 2024 3,180 45,000 48,180
At 31 March 2023 3,540 57,000 60,540
4 Debtors 2024 2023
£ £
Trade debtors 878,511 942,042
Other debtors 36,281 212,822
914,792 1,154,864
5 Creditors: amounts falling due within one year 2024 2023
£ £
Invoice Discounting Facility 682,813 772,670
Obligations under finance lease and hire purchase contracts 9,592 -
Bounce Back Loan 24,175 34,212
Trade creditors 92,690 60,658
Taxation and social security costs 73,411 160,686
Other creditors 134,324 124,091
1,017,005 1,152,317
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 40,994 -
7 Other information
CAREJOY HEALTHCARE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Regus Jubillee House 3 The Drive
Great Warley
Brentwood, Essex
England
CM13 3FR
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