IRIS Accounts Production v24.3.2.46 03797882 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037978822023-06-30037978822024-06-30037978822023-07-012024-06-30037978822022-06-30037978822022-07-012023-06-30037978822023-06-3003797882ns15:EnglandWales2023-07-012024-06-3003797882ns14:PoundSterling2023-07-012024-06-3003797882ns10:Director12023-07-012024-06-3003797882ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003797882ns10:SmallEntities2023-07-012024-06-3003797882ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003797882ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003797882ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003797882ns10:AbridgedAccounts2023-07-012024-06-3003797882ns10:Director22023-07-012024-06-3003797882ns10:CompanySecretary12023-07-012024-06-3003797882ns10:RegisteredOffice2023-07-012024-06-3003797882ns5:CurrentFinancialInstruments2024-06-3003797882ns5:CurrentFinancialInstruments2023-06-3003797882ns5:Non-currentFinancialInstruments2024-06-3003797882ns5:Non-currentFinancialInstruments2023-06-3003797882ns5:ShareCapital2024-06-3003797882ns5:ShareCapital2023-06-3003797882ns5:RetainedEarningsAccumulatedLosses2024-06-3003797882ns5:RetainedEarningsAccumulatedLosses2023-06-3003797882ns5:PlantMachinery2023-07-012024-06-30
REGISTERED NUMBER: 03797882 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Managed Care Ltd

Managed Care Ltd (Registered number: 03797882)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Managed Care Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Miss G Gibson
Mrs M R Gibson





SECRETARY: Miss G Gibson





REGISTERED OFFICE: Chapel Barn
Pitney
Somerset
TA10 9AE





REGISTERED NUMBER: 03797882 (England and Wales)





ACCOUNTANTS: Charles Hinitt & Associates Limited
Chartered Certified Accountants
48 Belle Vue Terrace
Malvern
Worcestershire
WR14 4QG

Managed Care Ltd (Registered number: 03797882)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,635 21,001

CURRENT ASSETS
Debtors 438 487
Cash at bank and in hand 51,502 48,055
51,940 48,542
CREDITORS
Amounts falling due within one year 64,052 55,578
NET CURRENT LIABILITIES (12,112 ) (7,036 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,523

13,965

CREDITORS
Amounts falling due after more than one
year

-

(8,553

)

PROVISIONS FOR LIABILITIES (239 ) (924 )
NET ASSETS 4,284 4,488

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,282 4,486
SHAREHOLDERS' FUNDS 4,284 4,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Managed Care Ltd (Registered number: 03797882)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





Miss G Gibson - Director


Managed Care Ltd (Registered number: 03797882)

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

1. STATUTORY INFORMATION

Managed Care 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Managed Care Ltd (Registered number: 03797882)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 49,825
Additions 2,128
Disposals (4,371 )
At 30 June 2024 47,582
DEPRECIATION
At 1 July 2023 28,824
Charge for year 5,773
Eliminated on disposal (3,650 )
At 30 June 2024 30,947
NET BOOK VALUE
At 30 June 2024 16,635
At 30 June 2023 21,001

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023
and 30 June 2024 18,518
DEPRECIATION
At 1 July 2023 8,102
Charge for year 2,604
At 30 June 2024 10,706
NET BOOK VALUE
At 30 June 2024 7,812
At 30 June 2023 10,416

5. CONTINGENT LIABILITIES

The company has contingent liabilities arising in the ordinary course of business from which it is anticipated that no material liabilities will arise.

6. RELATED PARTY DISCLOSURES

At the balance sheet date the Directors were owed by the Company £47,512 (2023: £45,047). This amount is shown in the balance sheet under the heading of "Creditors: amounts falling due within one year" and is repayable on demand.

Managed Care Ltd (Registered number: 03797882)

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

7. ULTIMATE CONTROLLING PARTY

The controlling party is Miss G Gibson.