IRIS Accounts Production v24.3.2.46 07652248 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false Ordinary A 1.00000 Ordinary B, C, D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076522482023-12-31076522482024-12-31076522482024-01-012024-12-31076522482022-12-31076522482023-01-012023-12-31076522482023-12-3107652248ns15:EnglandWales2024-01-012024-12-3107652248ns14:PoundSterling2024-01-012024-12-3107652248ns10:Director12024-01-012024-12-3107652248ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107652248ns10:SmallEntities2024-01-012024-12-3107652248ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107652248ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107652248ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107652248ns10:AbridgedAccounts2024-01-012024-12-310765224812024-01-012024-12-3107652248ns10:OrdinaryShareClass12024-01-012024-12-3107652248ns10:OrdinaryShareClass22024-01-012024-12-3107652248ns10:Director22024-01-012024-12-3107652248ns10:Director32024-01-012024-12-3107652248ns10:Director42024-01-012024-12-3107652248ns10:RegisteredOffice2024-01-012024-12-3107652248ns5:CurrentFinancialInstruments2024-12-3107652248ns5:CurrentFinancialInstruments2023-12-3107652248ns5:Non-currentFinancialInstruments2024-12-3107652248ns5:Non-currentFinancialInstruments2023-12-3107652248ns5:ShareCapital2024-12-3107652248ns5:ShareCapital2023-12-3107652248ns5:RetainedEarningsAccumulatedLosses2024-12-3107652248ns5:RetainedEarningsAccumulatedLosses2023-12-3107652248ns5:ComputerSoftware2024-01-012024-12-3107652248ns5:LeaseholdImprovements2024-01-012024-12-3107652248ns5:PlantMachinery2024-01-012024-12-3107652248ns5:FurnitureFittings2024-01-012024-12-3107652248ns5:MotorVehicles2024-01-012024-12-3107652248ns5:ComputerEquipment2024-01-012024-12-3107652248ns5:DeferredTaxation2023-12-3107652248ns5:DeferredTaxation2024-01-012024-12-3107652248ns5:DeferredTaxation2024-12-3107652248ns10:OrdinaryShareClass12024-12-3107652248ns10:OrdinaryShareClass22024-12-31076522481ns10:Director12023-12-31076522481ns10:Director12022-12-31076522481ns10:Director12024-01-012024-12-31076522481ns10:Director12023-01-012023-12-31076522481ns10:Director12024-12-31076522481ns10:Director12023-12-3107652248ns10:Director222023-12-3107652248ns10:Director222022-12-3107652248ns10:Director222024-01-012024-12-3107652248ns10:Director222023-01-012023-12-3107652248ns10:Director222024-12-3107652248ns10:Director222023-12-31076522483ns10:Director32023-12-31076522483ns10:Director32022-12-31076522483ns10:Director32024-01-012024-12-31076522483ns10:Director32023-01-012023-12-31076522483ns10:Director32024-12-31076522483ns10:Director32023-12-31
REGISTERED NUMBER: 07652248 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RECARE LIMITED

RECARE LIMITED (REGISTERED NUMBER: 07652248)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


RECARE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: R Holland-Oakes
Mrs T Holland-Oakes
J A Holland-Oakes
Mrs K L Cripps





REGISTERED OFFICE: 13 Lodge Road
Hanborough Business Park
Long Hanborough
Oxfordshire
OX29 8LJ





REGISTERED NUMBER: 07652248 (England and Wales)





ACCOUNTANTS: IJC Accounting & Taxation Services Limited
Chartered Certified Accountants
4 Centenary Road
Middleton Cheney
Nr Banbury
Northamptonshire
OX17 2SJ

RECARE LIMITED (REGISTERED NUMBER: 07652248)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 3,012 4,495
Tangible assets 6 259,966 254,717
262,978 259,212

CURRENT ASSETS
Stocks 458,243 479,124
Debtors 278,020 329,128
Cash at bank 22,932 70,151
759,195 878,403
CREDITORS
Amounts falling due within one year 848,595 951,179
NET CURRENT LIABILITIES (89,400 ) (72,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,578

186,436

CREDITORS
Amounts falling due after more than one
year

(111,314

)

(145,367

)

PROVISIONS FOR LIABILITIES 7 (40,104 ) (38,759 )
NET ASSETS 22,160 2,310

CAPITAL AND RESERVES
Called up share capital 8 3,000 3,000
Retained earnings 19,160 (690 )
SHAREHOLDERS' FUNDS 22,160 2,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

RECARE LIMITED (REGISTERED NUMBER: 07652248)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 December 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 Statement of Financial Position for the year ended 31 December 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 26 March 2025 and were signed on its behalf by:





J A Holland-Oakes - Director


RECARE LIMITED (REGISTERED NUMBER: 07652248)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Recare Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced mobility and rehabilitation consultancy services, and retail sales and servicing of associated products, excluding value added tax.

Web site
Web site is being amortised at 33% on reducing balance.

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.
Improvements to Property - in accordance with the property
Plant & Equipment - 15% on reducing balance
Fixtures & Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Office Equipment - 33% 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 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 statement of financial position date.


RECARE LIMITED (REGISTERED NUMBER: 07652248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 do not consider there are any matters which currently exist that would adversely affect the company's ability to continue to trade. Accordingly, the financial statements have been prepared on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 61,270
AMORTISATION
At 1 January 2024 56,775
Amortisation for year 1,483
At 31 December 2024 58,258
NET BOOK VALUE

At 31 December 2024 3,012
At 31 December 2023 4,495

RECARE LIMITED (REGISTERED NUMBER: 07652248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 634,204
Additions 89,572
Disposals (49,314 )
At 31 December 2024 674,462
DEPRECIATION
At 1 January 2024 379,487
Charge for year 60,561
Eliminated on disposal (25,552 )
At 31 December 2024 414,496
NET BOOK VALUE
At 31 December 2024 259,966
At 31 December 2023 254,717

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

Totals
£   
COST
At 1 January 2024 289,992
Additions 76,840
Disposals (45,814 )
Transfer to ownership (66,424 )
At 31 December 2024 254,594
DEPRECIATION
At 1 January 2024 163,209
Charge for year 38,509
Eliminated on disposal (25,552 )
Transfer to ownership (57,074 )
At 31 December 2024 119,092
NET BOOK VALUE
At 31 December 2024 135,502
At 31 December 2023 126,783

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 40,104 38,759

RECARE LIMITED (REGISTERED NUMBER: 07652248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 38,759
Provided during year 1,345
Balance at 31 December 2024 40,104

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2,550 Ordinary A £1 2,550 2,550
450 Ordinary B, C, D £1 450 450
3,000 3,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
J A Holland-Oakes
Balance outstanding at start of year - 6,000
Amounts repaid - (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

R Holland-Oakes
Balance outstanding at start of year - 6,000
Amounts repaid - (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs T Holland-Oakes
Balance outstanding at start of year - 6,000
Amounts repaid - (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

RECARE LIMITED (REGISTERED NUMBER: 07652248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

10. ULTIMATE CONTROLLING PARTY

By virtue of their shareholding, R Holland-Oakes, T Holland-Oakes and J Holland-Oakes are the ultimate controlling parties of the company.