25
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-08-01
Sage Accounts Production Advanced 2024 - FRS102_2024
19,000
317
3,800
4,117
14,883
18,683
xbrli:pure
xbrli:shares
iso4217:GBP
13199155
2023-08-01
2024-07-31
13199155
2024-07-31
13199155
2023-07-31
13199155
2022-08-01
2023-07-31
13199155
2023-07-31
13199155
2022-07-31
13199155
core:MotorVehicles
2023-08-01
2024-07-31
13199155
bus:RegisteredOffice
2023-08-01
2024-07-31
13199155
bus:OrdinaryShareClass1
2023-08-01
2024-07-31
13199155
bus:LeadAgentIfApplicable
2023-08-01
2024-07-31
13199155
bus:Director1
2023-08-01
2024-07-31
13199155
bus:Director2
2023-08-01
2024-07-31
13199155
core:MotorVehicles
2023-07-31
13199155
core:MotorVehicles
2024-07-31
13199155
core:WithinOneYear
2024-07-31
13199155
core:WithinOneYear
2023-07-31
13199155
core:ShareCapital
2024-07-31
13199155
core:ShareCapital
2023-07-31
13199155
core:RetainedEarningsAccumulatedLosses
2024-07-31
13199155
core:RetainedEarningsAccumulatedLosses
2023-07-31
13199155
core:MotorVehicles
2023-07-31
13199155
bus:SmallEntities
2023-08-01
2024-07-31
13199155
bus:AuditExemptWithAccountantsReport
2023-08-01
2024-07-31
13199155
bus:SmallCompaniesRegimeForAccounts
2023-08-01
2024-07-31
13199155
bus:PrivateLimitedCompanyLtd
2023-08-01
2024-07-31
13199155
bus:FullAccounts
2023-08-01
2024-07-31
13199155
bus:OrdinaryShareClass1
2024-07-31
13199155
bus:OrdinaryShareClass1
2023-07-31
COMPANY REGISTRATION NUMBER:
13199155
Filleted Unaudited Financial Statements |
|
Year ended 31 July 2024
Officers and professional advisers |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
Officers and Professional Advisers |
|
The board of directors |
Mr A J Thomas |
|
Mrs E W Pellow |
|
|
Registered office |
Brynderwen Farm |
|
Pontamman Road |
|
Ammanford |
|
Wales |
|
SA18 2JD |
|
|
Accountants |
James & Uzzell Ltd |
|
Chartered Certified Accountants |
|
Axis 15, Axis Court |
|
Mallard Way |
|
Riverside Business Park |
|
Swansea |
|
SA7 0AJ |
|
|
Statement of Financial Position |
|
31 July 2024
FIXED ASSETS
Tangible assets |
5 |
14,883 |
18,683 |
|
|
|
|
CURRENT ASSETS
Debtors |
6 |
1,402,533 |
568,742 |
Cash at bank and in hand |
62,371 |
150,341 |
|
------------ |
--------- |
|
1,464,904 |
719,083 |
|
|
|
|
CREDITORS: amounts falling due within one year |
7 |
864,543 |
315,398 |
|
------------ |
--------- |
NET CURRENT ASSETS |
600,361 |
403,685 |
|
--------- |
--------- |
TOTAL ASSETS LESS CURRENT LIABILITIES |
615,244 |
422,368 |
|
|
|
|
PROVISIONS |
3,721 |
4,671 |
|
--------- |
--------- |
NET ASSETS |
611,523 |
417,697 |
|
--------- |
--------- |
|
|
|
CAPITAL AND RESERVES
Called up share capital |
8 |
1 |
1 |
Profit and loss account |
611,522 |
417,696 |
|
--------- |
--------- |
SHAREHOLDERS FUNDS |
611,523 |
417,697 |
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
31 July 2024
These financial statements were approved by the
board of directors
and authorised for issue on
25 April 2025
, and are signed on behalf of the board by:
Mr A Thomas
Alfyn John Thomas
Director
Company registration number:
13199155
Notes to the Financial Statements |
|
Year ended 31 July 2024
1.
GENERAL INFORMATION
Catre Ltd.
is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are care for elderly and assisted living services.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements is 12 months and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 July 2024. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Going concern
The director has considered the future trading position of the company and is confident that the going concern principle can be applied to the financial statements.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
Critical accounting estimates and assumptions
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below
(i) Impairment of debtors
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 13 for the net carrying amount of the debtors and associated impairment provision.
(ii) Provisions
Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes
(iii) Going Concern
The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and trade discounts. The policies adopted for the recognition of turnover are as follows: Elderly Care Turnover is recognised in line with when the service to the user is provided. Other operating income is recognised on receipt of the income.
Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor vehicles |
- |
20% straight line |
|
|
|
|
Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
25
(2023:
25
).
5.
TANGIBLE ASSETS
|
Motor vehicles |
|
£ |
Cost |
|
At 1 August 2023 and 31 July 2024 |
19,000 |
|
-------- |
Depreciation |
|
At 1 August 2023 |
317 |
Charge for the year |
3,800 |
|
-------- |
At 31 July 2024 |
4,117 |
|
-------- |
Carrying amount |
|
At 31 July 2024 |
14,883 |
|
-------- |
At 31 July 2023 |
18,683 |
|
-------- |
|
|
6.
DEBTORS
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
1,402,533 |
568,742 |
|
------------ |
--------- |
|
|
|
7.
CREDITORS:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Corporation tax |
18,085 |
4,668 |
Social security and other taxes |
5,837 |
14,117 |
Other creditors |
840,621 |
296,613 |
|
--------- |
--------- |
|
864,543 |
315,398 |
|
--------- |
--------- |
|
|
|
8.
CALLED UP SHARE CAPITAL
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
9.
PARENT UNDERTAKINGS
The ultimate parent company is Catref Limited, a company incorporated in England and Wales. It's registered office is the same as that displayed on page 1 of these financial statements.
10.
RELATED PARTIES TRANSACTIONS
At the year end, the company was owed £684,897 (2023: £192,039 CR) from other related parties.
Additionally, at the year end the other related parties owed £75,000 (2023: £75,000) to the company.
No interest has been incurred in relation to these balances.
Exemption under Section 33.1A has been claimed to not disclose transactions for 100% group companies.