Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-14truefalse2023-06-01falseNo description of principal activity55The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08089449 2023-06-01 2024-05-31 08089449 2022-06-01 2023-05-31 08089449 2024-05-31 08089449 2023-05-31 08089449 2022-06-01 08089449 c:Director1 2023-06-01 2024-05-31 08089449 c:Director2 2023-06-01 2024-05-31 08089449 d:ComputerEquipment 2023-06-01 2024-05-31 08089449 d:ComputerEquipment 2024-05-31 08089449 d:ComputerEquipment 2023-05-31 08089449 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08089449 d:CurrentFinancialInstruments 2024-05-31 08089449 d:CurrentFinancialInstruments 2023-05-31 08089449 d:Non-currentFinancialInstruments 2024-05-31 08089449 d:Non-currentFinancialInstruments 2023-05-31 08089449 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08089449 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08089449 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 08089449 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08089449 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 08089449 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 08089449 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 08089449 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 08089449 d:ShareCapital 2024-05-31 08089449 d:ShareCapital 2023-05-31 08089449 d:RetainedEarningsAccumulatedLosses 2024-05-31 08089449 d:RetainedEarningsAccumulatedLosses 2023-05-31 08089449 c:OrdinaryShareClass1 2023-06-01 2024-05-31 08089449 c:OrdinaryShareClass1 2024-05-31 08089449 c:OrdinaryShareClass1 2023-05-31 08089449 c:FRS102 2023-06-01 2024-05-31 08089449 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08089449 c:FullAccounts 2023-06-01 2024-05-31 08089449 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08089449 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 08089449 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 08089449 2 2023-06-01 2024-05-31 08089449 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 08089449














MICROCARE TECHNOLOGIES LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2024

 
MICROCARE TECHNOLOGIES LTD
REGISTERED NUMBER: 08089449

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
1,419
2,310

 
Current assets
  

Debtors: amounts falling due within one year
 5 
200,149
209,306

Cash at bank and in hand
 6 
108,539
77,011

  
308,688
286,317

Creditors: amounts falling due within one year
 7 
(108,968)
(99,361)

Net current assets
  
 
 
199,720
 
 
186,956

Total assets less current liabilities
  
201,139
189,266

 
Creditors: amounts falling due after more than one year
 8 
(8,752)
(18,641)

 
Provisions for liabilities
  

Deferred tax
  
(355)
(462)

Net assets
  
£192,032
£170,163


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
191,932
170,063

  
£192,032
£170,163


Page 1

 
MICROCARE TECHNOLOGIES LTD
REGISTERED NUMBER: 08089449

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 May 2025.






___________________________
Mr T Baby
___________________________
Mr V George
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MICROCARE TECHNOLOGIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Microcare Technologies Ltd is a private limited company by shares and is incorporated in England and Wales. The company registration number is 08089449 and the registered office is Stoke House, Church Road, Ashford, Kent, TN24 1RD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MICROCARE TECHNOLOGIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.8

Revenue

Revenue is recognised when cash is received on the basis that customers have no right to a refund. There is a provision for expenses relating to these contracts being accrued and released over the expected term of the contracts.

Page 4

 
MICROCARE TECHNOLOGIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 -5).

Page 5

 
MICROCARE TECHNOLOGIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Computer equipment



Cost or valuation


At 1 June 2023
6,562


Disposals
(1,479)



At 31 May 2024

5,083



Depreciation


At 1 June 2023
4,252


Charge for the year on owned assets
891


Disposals
(1,479)



At 31 May 2024

3,664



Net book value



At 31 May 2024
£1,419



At 31 May 2023
£2,310


5.


Debtors

2024
2023


Other debtors
£200,149
£209,306



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
£108,539
£77,011


Page 6

 
MICROCARE TECHNOLOGIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
11,280
11,280

Corporation tax
22,382
-

Other taxation and social security
13,031
14,137

Other creditors
10,212
7,717

Accruals and deferred income
52,063
66,227

£108,968
£99,361



8.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
£8,752
£18,641



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
11,280
11,280

Amounts falling due 1-2 years

Bank loans
8,752
11,280

Amounts falling due 2-5 years

Bank loans
-
7,361


£20,032
£29,921



10.


Deferred taxation




2024
2023





At beginning of year
462
-


Charged to profit or loss
(107)
462



At end of year
£355
£462

Page 7

 
MICROCARE TECHNOLOGIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
£355
£462


11.


Share capital

2024
2023
Allotted, called up and fully paid



100 (2023 -100) Ordinary shares of £1.00 each
£100
£100



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £5,910 (2023: £5,773). Contributions totalling £620 (2023: £65 were repayable) were payable to the fund at the balance sheet date and are included in creditors.

Page 8