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REGISTERED NUMBER: 11265960 (England and Wales)






Academy Care Ltd

Financial Statements

for the Year Ended 31 March 2024






Academy Care Ltd (Registered number: 11265960)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Academy Care Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: M E Shalo





SECRETARY: M E Shalo





REGISTERED OFFICE: Unit 4 Westgate Court
Fryers Way
Ossett
West Yorkshire
WF5 9TT





REGISTERED NUMBER: 11265960 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Academy Care Ltd (Registered number: 11265960)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,708 12,273

CURRENT ASSETS
Debtors 5 800,835 430,856
Cash at bank 33,460 55,649
834,295 486,505
CREDITORS
Amounts falling due within one year 6 724,128 477,797
NET CURRENT ASSETS 110,167 8,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,875

20,981

PROVISIONS FOR LIABILITIES 2,427 -
NET ASSETS 117,448 20,981

Academy Care Ltd (Registered number: 11265960)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 117,447 20,980
SHAREHOLDERS' FUNDS 117,448 20,981

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





M E Shalo - Director


Academy Care Ltd (Registered number: 11265960)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Academy 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Academy Care Ltd (Registered number: 11265960)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2023 - 70 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2023 7,899 17,900 25,799
Additions - 3,337 3,337
At 31 March 2024 7,899 21,237 29,136
DEPRECIATION
At 1 April 2023 2,117 11,409 13,526
Charge for year 1,580 4,322 5,902
At 31 March 2024 3,697 15,731 19,428
NET BOOK VALUE
At 31 March 2024 4,202 5,506 9,708
At 31 March 2023 5,782 6,491 12,273

Academy Care Ltd (Registered number: 11265960)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 77,788 10,493
Amounts owed by participating interests - 35,198
Other debtors 4,842 4,467
Directors' current accounts 407,799 149,259
S455 tax debtor 136,394 49,136
Prepayments and accrued income 174,012 182,303
800,835 430,856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 4,167 -
Trade creditors 37,274 26,102
Tax 233,606 86,609
Social security and other taxes 370,466 260,253
Other creditors 47,170 8,663
Accrued expenses 31,445 96,170
724,128 477,797

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 62,691 45,111
Between one and five years 319,480 129,020
In more than five years - 72,000
382,171 246,131

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

Academy Care Ltd (Registered number: 11265960)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
M E Shalo
Balance outstanding at start of year 149,259 99,070
Amounts advanced 433,165 159,617
Amounts repaid (174,625 ) (109,428 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 407,799 149,259