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REGISTERED NUMBER: 10262413 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Your Way Senior Care Limited

Your Way Senior Care Limited (Registered number: 10262413)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Your Way Senior Care Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: B P Selby
Mrs J Selby





REGISTERED OFFICE: Old Penny Bank
39 Welsh Row
Nantwich
Cheshire
CW5 5EW





REGISTERED NUMBER: 10262413 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Your Way Senior Care Limited (Registered number: 10262413)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 6,695 10,189
Tangible assets 6 23,893 27,701
Investments 7 - 32,329
30,588 70,219

CURRENT ASSETS
Stocks 8 170 -
Debtors: amounts falling due within one year 9 191,810 134,227
Debtors: amounts falling due after more than
one year

9

9,180

9,180
Cash at bank and in hand 196,584 134,123
397,744 277,530
CREDITORS
Amounts falling due within one year 10 (148,410 ) (121,322 )
NET CURRENT ASSETS 249,334 156,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,922

226,427

CREDITORS
Amounts falling due after more than one
year

11

(9,217

)

(19,271

)

PROVISIONS FOR LIABILITIES 15 (4,793 ) (5,438 )
NET ASSETS 265,912 201,718

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 265,812 201,618
265,912 201,718

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.

Your Way Senior Care Limited (Registered number: 10262413)

Statement of Financial Position - continued
31 December 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





B P Selby - Director


Your Way Senior Care Limited (Registered number: 10262413)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Your Way Senior Care Limited ('The Company') is a primarily engaged in the provision of care services for the elderly.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Old Penny Bank, 39 Welsh Row, Nantwich, Cheshire, CW5 5EW. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

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

Summary of significant accounting policies
The principle 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.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of any discounts.

Franchise fees
Franchise fees capitalised in 2017 are being amortised in order to write off the assets over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).


Your Way Senior Care Limited (Registered number: 10262413)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. ACCOUNTING POLICIES - continued
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 end of the financial year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

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.

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

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 assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2023 - 83 ) .

Your Way Senior Care Limited (Registered number: 10262413)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. INTANGIBLE FIXED ASSETS
Franchise
fees
£   
COST
At 1 January 2024
and 31 December 2024 34,938
AMORTISATION
At 1 January 2024 24,749
Amortisation for year 3,494
At 31 December 2024 28,243
NET BOOK VALUE
At 31 December 2024 6,695
At 31 December 2023 10,189

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 23,164 6,750 18,062 47,976
Additions 1,035 - 230 1,265
At 31 December 2024 24,199 6,750 18,292 49,241
DEPRECIATION
At 1 January 2024 7,592 4,292 8,391 20,275
Charge for year 2,326 548 2,199 5,073
At 31 December 2024 9,918 4,840 10,590 25,348
NET BOOK VALUE
At 31 December 2024 14,281 1,910 7,702 23,893
At 31 December 2023 15,572 2,458 9,671 27,701

7. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2024 32,329
Disposals (32,329 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 32,329

Your Way Senior Care Limited (Registered number: 10262413)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. FIXED ASSET INVESTMENTS - continued

On 2 January 2024 the company transferred its investment in Bennett Homecare Limited to Cheshire Care Group Ltd by way of an in specie dividend at a value of £32,329.

8. STOCKS
2024 2023
£    £   
Stocks 170 -

9. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 79,736 39,952
Amounts owed by group undertakings 37,972 -
Other debtors 74,102 94,275
191,810 134,227

Amounts falling due after more than one year:
Other debtors 9,180 9,180

Aggregate amounts 200,990 143,407

Amounts owed by group undertakings and related parties are unsecured, interest free and repayable on demand.

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 12) 10,054 10,055
Trade creditors 12,027 5,140
Amounts owed to group undertakings - 3,237
Taxation and social security 60,375 47,294
Other creditors 65,954 55,596
148,410 121,322

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 12) 9,217 19,271

Your Way Senior Care Limited (Registered number: 10262413)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

12. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,054 10,055

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,217 10,055

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,216

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 32,148 32,140
Between one and five years 27,784 59,872
59,932 92,012

14. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,271 29,326

The bank loans are secured by a debenture over the company's assets and have also been personally guaranteed by the director.

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,793 5,438

Deferred
tax
£   
Balance at 1 January 2024 5,438
Credit to Income Statement during year (645 )
Balance at 31 December 2024 4,793

Your Way Senior Care Limited (Registered number: 10262413)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

16. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows:

Parent company:

2024 2023
£ £
Management fees payable 36,250 -
Amounts owed by entities 10,449 -


Fellow group company:

2024 2023
£ £
Amounts owed by entities 27,523 -
Amounts due to entities - 3,237

17. ULTIMATE CONTROLLING PARTY

On 1 January 2024, Cheshire Care Group Ltd acquired a 100% shareholding in Your Way Senior Care Limited and as a result became the immediate and ultimate parent of Your Way Senior Care Limited from this date.