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REGISTERED NUMBER: 11241447 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Caring Angels Ltd

Caring Angels Ltd (Registered number: 11241447)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Caring Angels Ltd (Registered number: 11241447)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 5 8,000 10,000
Tangible assets 6 28,552 32,403
36,552 42,403

Current assets
Stocks 900 2,000
Debtors 7 319,880 254,357
Prepayments and accrued income 21,338 2,543
Cash at bank and in hand 478,593 273,045
820,711 531,945
Creditors
Amounts falling due within one year 8 (374,441 ) (286,586 )
Net current assets 446,270 245,359
Total assets less current liabilities 482,822 287,762

Provisions for liabilities - (1,018 )
Net assets 482,822 286,744

Capital and reserves
Called up share capital 100 100
Retained earnings 482,722 286,644
482,822 286,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Caring Angels Ltd (Registered number: 11241447)

Balance Sheet - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Mr N C Badan - Director


Caring Angels Ltd (Registered number: 11241447)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. Statutory information

Caring Angels Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11241447

Registered office: East Coast House
Galahad Road
Gorleston
Great Yarmouth
Norfolk
NR31 7RU

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Franchise purchase - 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Caring Angels Ltd (Registered number: 11241447)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed 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 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:

Property improvements - Over period of lease
Motor vehicles - 25% reducing balance
Equipment - 25% reducing balance
Plant & Machinery - 25 % reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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


Caring Angels Ltd (Registered number: 11241447)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of the asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Caring Angels Ltd (Registered number: 11241447)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. Employees and directors

The average number of employees during the year was 55 (2023 - 50 ) .

5. Intangible fixed assets
Goodwill
£
Cost
At 1 July 2023
and 30 June 2024 20,000
Amortisation
At 1 July 2023 10,000
Amortisation for year 2,000
At 30 June 2024 12,000
Net book value
At 30 June 2024 8,000
At 30 June 2023 10,000

6. Tangible fixed assets
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£ £ £ £ £
Cost
At 1 July 2023 6,500 550 17,449 28,823 53,322
Additions - 1,350 11,480 1,035 13,865
Disposals - - (10,900 ) - (10,900 )
At 30 June 2024 6,500 1,900 18,029 29,858 56,287
Depreciation
At 1 July 2023 1,583 195 5,238 13,903 20,919
Charge for year 650 188 3,541 3,854 8,233
Eliminated on disposal - - (1,417 ) - (1,417 )
At 30 June 2024 2,233 383 7,362 17,757 27,735
Net book value
At 30 June 2024 4,267 1,517 10,667 12,101 28,552
At 30 June 2023 4,917 355 12,211 14,920 32,403

Caring Angels Ltd (Registered number: 11241447)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 117,765 114,256
Amounts owed by group undertakings 194,674 135,001
Other debtors 7,441 5,100
319,880 254,357

8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 110,802 106,773
Taxation and social security 155,501 100,047
Other creditors 108,138 79,766
374,441 286,586

9. Director's advances, credits and guarantees

At the year end an amount of £2,734 was owed to the company by the directors [2023 - £NIL was owed to the company]. Interest of £NIL was paid on this balance [2023 - £NIL].

10. Related party disclosures

At the year end the company was owed £194,674 (2023 - £135,001) by Evermarch Ltd. A company under common control. No interest was charged on this loan.