Company registration number 06772245 (England and Wales)
I CARE DOM CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
I CARE DOM CARE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
I CARE DOM CARE LIMITED
COMPANY INFORMATION
Directors
Mrs KL Fry
Ms L Taylor
Secretary
Mrs KL Fry
Company number
06772245
Registered office
Ground Floor Pembroke House
Charter Court
Swansea Enterprise Park, Llansamlet
Swansea
West Glamorgan
SA7 9FS
Accountants
WBV Limited
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
Wales
SA1 8QY
I CARE DOM CARE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF I CARE DOM CARE LIMITED FOR THE YEAR ENDED 31 AUGUST 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of I Care Dom Care Limited for the year ended 31 August 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of I Care Dom Care Limited, as a body, in accordance with the terms of our engagement letter dated 29 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of I Care Dom Care Limited and state those matters that we have agreed to state to the board of directors of I Care Dom Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I Care Dom Care Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that I Care Dom Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of I Care Dom Care Limited. You consider that I Care Dom Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of I Care Dom Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WBV Limited
Chartered Accountants
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY
Wales
27 May 2025
I CARE DOM CARE LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
38,185
48,904
Current assets
Debtors
4
363,903
784,704
Investments
5
420,831
-
0
Cash at bank and in hand
1,106
283,376
785,840
1,068,080
Creditors: amounts falling due within one year
6
(350,110)
(730,046)
Net current assets
435,730
338,034
Total assets less current liabilities
473,915
386,938
Provisions for liabilities
(6,605)
(9,100)
Net assets
467,310
377,838
Capital and reserves
Called up share capital
327,669
327,669
Profit and loss reserves
139,641
50,169
Total equity
467,310
377,838

For the financial year ended 31 August 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 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 May 2025 and are signed on its behalf by:
Mrs KL Fry
Director
Company registration number 06772245 (England and Wales)
I CARE DOM CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information

I Care Dom Care Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor Pembroke House, Charter Court, Swansea Enterprise Park, Llansamlet, Swansea, West Glamorgan, SA7 9FS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the value of services provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Not provided
Fixtures and fittings
25% on reducing balance
Computers
10% on cost
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

I CARE DOM CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 170

2024
2023
Number
Number
Total
105
170
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 September 2023
103,141
23,034
81,571
207,746
Additions
-
0
1,420
-
0
1,420
At 31 August 2024
103,141
24,454
81,571
209,166
Depreciation and impairment
At 1 September 2023
76,996
18,761
63,084
158,841
Depreciation charged in the year
8,715
1,068
2,357
12,140
At 31 August 2024
85,711
19,829
65,441
170,981
Carrying amount
At 31 August 2024
17,430
4,625
16,130
38,185
At 31 August 2023
26,145
4,274
18,485
48,904
I CARE DOM CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
181,013
178,716
Amounts owed by group undertakings
-
0
481,097
Other debtors
182,890
124,891
363,903
784,704
5
Current asset investments
2024
2023
£
£
Other investments
420,831
-
0
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,013
-
0
Trade creditors
29,183
20,319
Corporation tax
114,410
221,141
Other taxation and social security
26,558
29,350
Other creditors
173,946
459,236
350,110
730,046
7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

2024
2023
Amounts due to related parties
£
£
Group Companies
599,415
224,727

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Group Companies
734,280
481,097
Other related parties
180,407
121,545
8
Parent company
I CARE DOM CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
8
Parent company
(Continued)
- 6 -

K Fry is the ultimate controlling party by way of their owning of 100% of the share capital of West Mon Investments Limited.

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