Company Registration No. 12005836 (England and Wales)
ARA Care service Ltd
Unaudited accounts
for the year ended 31 May 2024
ARA Care service Ltd
Unaudited accounts
Contents
ARA Care service Ltd
Company Information
for the year ended 31 May 2024
Directors
Rajeev Nair
Ashok Ramchandran
Company Number
12005836 (England and Wales)
Registered Office
28 LON Y BERLLAN
ABERGELE
LL22 7JF
WALES
ARA Care service Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
154,667
69,067
Tangible assets
625,064
314,246
Investment property
298,616
-
Cash at bank and in hand
70,067
20,111
Creditors: amounts falling due within one year
(113,340)
(64,568)
Net current assets
72,989
50,717
Total assets less current liabilities
1,151,336
434,030
Creditors: amounts falling due after more than one year
(534,733)
(162,957)
Provisions for liabilities
Net assets
543,337
271,073
Called up share capital
100
100
Revaluation reserve
219,798
-
Profit and loss account
323,439
270,973
Shareholders' funds
543,337
271,073
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Rajeev Nair
Director
Company Registration No. 12005836
ARA Care service Ltd
Notes to the Accounts
for the year ended 31 May 2024
ARA Care service Ltd is a private company, limited by shares, registered in England and Wales, registration number 12005836. The registered office is 28 LON Y BERLLAN, ABERGELE, LL22 7JF, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Stated at Cost
Plant & machinery
Plant & machinery -20% on reducing balance method
Motor vehicles
Motor Vehicle -20% on reducing balance method
Fixtures & fittings
Furniture - 20% on reducing balance method
Computer equipment
Equipment - 20% on reducing balance method
Other tangible fixed assets
Other tangible fixed assets- 20% on reducing balance method
Intangible assets represent goodwill at cost less accumulated amortisation.
Amortisation over the mortgage period of 25 years
ARA Care service Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 June 2023
298,174
10,038
20,630
328,842
Additions
-
-
26,211
26,211
Revaluations
293,064
-
-
293,064
At 31 May 2024
591,238
10,038
46,841
648,117
At 1 June 2023
-
4,850
9,746
14,596
Charge for the year
-
1,038
7,419
8,457
At 31 May 2024
-
5,888
17,165
23,053
At 31 May 2024
591,238
4,150
29,676
625,064
At 31 May 2023
298,174
5,188
10,884
314,246
Investment property value stated at cost.
Amounts falling due within one year
Trade debtors
79,828
72,351
Other debtors
36,434
22,823
ARA Care service Ltd
Notes to the Accounts
for the year ended 31 May 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
72,790
28,054
Taxes and social security
13,080
24,664
Proposed dividends
10,000
11,000
Loans from directors
17,075
460
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
534,733
162,957
10
Average number of employees
During the year the average number of employees was 24 (2023: 16).