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REGISTERED NUMBER: 06601927 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Xycare Limited

Xycare Limited (Registered number: 06601927)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Xycare Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr I Rubin
R McGovern
L Bailey





REGISTERED OFFICE: Lytchett House
13 Freeland Park
Wareham Road
Poole
Dorset
BH16 6FA





REGISTERED NUMBER: 06601927 (England and Wales)

Xycare Limited (Registered number: 06601927)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 272 1,100

CURRENT ASSETS
Debtors 5 40,887 28,780
Cash at bank 13,913 16,712
54,800 45,492
CREDITORS
Amounts falling due within one year 6 62,991 24,329
NET CURRENT (LIABILITIES)/ASSETS (8,191 ) 21,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,919

)

22,263

CAPITAL AND RESERVES
Called up share capital 149 149
Share premium 29,962 29,962
Retained earnings (38,030 ) (7,848 )
(7,919 ) 22,263

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.

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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





Dr I Rubin - Director


Xycare Limited (Registered number: 06601927)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Xycare 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts show that the company has net liabilities at the period end.The directors have carried out a financial review of the company for the coming year.The forecasts and cash flow projections indicate that the company will return to profitability and that adequate financial resources will be available to ensure that its obligations are met as they fall due.The accounts therefore continue to be prepared on a going concern basis.

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.
Computer equipment - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Due to trading tax losses available for carry forward no provision was required at the year end date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 2,486
DEPRECIATION
At 1 January 2024 1,386
Charge for year 828
At 31 December 2024 2,214
NET BOOK VALUE
At 31 December 2024 272
At 31 December 2023 1,100

Xycare Limited (Registered number: 06601927)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 34,788 14,800
Tax - 6,162
VAT 1,581 3,507
Called up share capital not paid 98 98
Prepayments 4,420 4,213
40,887 28,780

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 61,777 16,953
Tax - 6,162
Other creditors 864 864
Accrued expenses 350 350
62,991 24,329

7. ULTIMATE CONTROLLING PARTY

The controlling party is Dr I Rubin.