Registered number
11057106
Mutual Care Limited
Unaudited Filleted Accounts
30 November 2024
Mutual Care Limited
Registered number: 11057106
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 35,268 29,362
Current assets
Debtors 4 74,528 100,166
Cash at bank and in hand 55,115 36,722
129,643 136,888
Creditors: amounts falling due within one year 5 (140,920) (280,687)
Net current liabilities (11,277) (143,799)
Total assets less current liabilities 23,991 (114,437)
Creditors: amounts falling due after more than one year 6 (1,576) (4,737)
Provisions for liabilities (6,700) (333)
Net assets/(liabilities) 15,715 (119,507)
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,615 (119,607)
Shareholders' funds 15,715 (119,507)
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.
Mr P King
Director
Approved by the board on 26 March 2025
Mutual Care Limited
Notes to the Accounts
for the year ended 30 November 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).The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
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 rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
Leasehold improvements 33% straight line
Computer equipment 33% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 30 30
3 Tangible fixed assets
Leasehold improvements Fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 31,928 12,014 21,798 65,740
Additions 695 4,602 23,499 28,796
Disposals - - (14,500) (14,500)
At 30 November 2024 32,623 16,616 30,797 80,036
Depreciation
At 1 December 2023 22,130 5,177 9,071 36,378
Charge for the year 4,162 3,857 7,114 15,133
On disposals - - (6,743) (6,743)
At 30 November 2024 26,292 9,034 9,442 44,768
Net book value
At 30 November 2024 6,331 7,582 21,355 35,268
At 30 November 2023 9,798 6,837 12,727 29,362
4 Debtors 2024 2023
£ £
Trade debtors 11,792 39,690
Other debtors 62,736 60,476
74,528 100,166
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,161 3,157
Trade creditors 14,256 9,848
Taxation and social security costs 26,012 18,524
Other creditors 97,491 249,158
140,920 280,687
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,576 4,737
7 Loans to participator
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs K Pincott
Advances made 20,870 - - 20,870
20,870 - - 20,870
8 Related party transactions
The spouse of a director owns 100% of the issued share capital of FLT Properties Limited. There are no other relted party transactions.

During the year, £70.54 (2023 - £0) was paid to FLT Properties Limited and £0 (2023 - £227.83) was received from FLT Properties Limited.

At 30 November 2024, outstanding balances remaining were as follows: -
Mutual Care Limited owed FLT Properties Limited £0 (2023 - £70.54).
FLT Properties Limited owed Mutual Care Limited £0 (2023 - £0).
Overall outstanding balance of £0 (2023 - £70.54, which is owed to FLT Properties Limited.

There was a director's loan outstanding at the year end of £20,870.33 (2023 - £20,870.33). On the date of the death of the director this loan was transferred to Mrs Pincott, the executor of Mr Pincott's estate and remains payable accordingly.
9 Other information
Mutual Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
Grafton Lodge Battery Lane
Portishead
Bristol
North Somerset
BS20 7JD
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