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REGISTERED NUMBER: 04219269 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

LUDLOW HOMECARE LIMITED

LUDLOW HOMECARE LIMITED (REGISTERED NUMBER: 04219269)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

LUDLOW HOMECARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Dr S Bowen
E E A Bowen
Dr M S J Bowen





REGISTERED OFFICE: Ludford Bridge
Temeside
Ludlow
Shropshire
SY8 1PE





REGISTERED NUMBER: 04219269 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD

LUDLOW HOMECARE LIMITED (REGISTERED NUMBER: 04219269)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 202,664 209,119

CURRENT ASSETS
Stocks 520,000 555,000
Debtors 5 188,111 133,046
Cash at bank and in hand 115,010 72,056
823,121 760,102
CREDITORS
Amounts falling due within one year 6 395,647 410,550
NET CURRENT ASSETS 427,474 349,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

630,138

558,671

CREDITORS
Amounts falling due after more than one
year

7

(8,334

)

(18,333

)

PROVISIONS FOR LIABILITIES (44,757 ) (28,244 )
NET ASSETS 577,047 512,094

CAPITAL AND RESERVES
Called up share capital 250,100 250,100
Retained earnings 326,947 261,994
577,047 512,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

LUDLOW HOMECARE LIMITED (REGISTERED NUMBER: 04219269)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:




Dr M S J Bowen - Director Dr S Bowen - Director




E E A Bowen - Director


LUDLOW HOMECARE LIMITED (REGISTERED NUMBER: 04219269)

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

1. STATUTORY INFORMATION

Ludlow Homecare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on 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.

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 balance sheet date.

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.

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.

LUDLOW HOMECARE LIMITED (REGISTERED NUMBER: 04219269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Land and and Motor
buildings fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 293,111 365,704 33,396 692,211
Additions 24,467 1,348 - 25,815
At 31 August 2024 317,578 367,052 33,396 718,026
DEPRECIATION
At 1 September 2023 162,264 294,884 25,944 483,092
Charge for year 19,581 10,826 1,863 32,270
At 31 August 2024 181,845 305,710 27,807 515,362
NET BOOK VALUE
At 31 August 2024 135,733 61,342 5,589 202,664
At 31 August 2023 130,847 70,820 7,452 209,119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 26,997 39,746
Other debtors 39,736 22,634
Directors' current accounts 108,949 59,073
Prepayments 12,429 11,593
188,111 133,046

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 165,660 187,091
Tax 25,848 8,447
Social security and other taxes 8,750 9,851
VAT 52,158 34,786
Other creditors 605 -
Directors' current accounts 117,244 145,685
Accrued expenses 15,382 14,690
395,647 410,550

LUDLOW HOMECARE LIMITED (REGISTERED NUMBER: 04219269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 8,334 18,333

8. OTHER FINANCIAL COMMITMENTS

At 31st August 2024 the company had a total commitment of £266,667 (2023 - £346,667) regarding a property lease.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
D E C Bowen
Balance outstanding at start of year 58,462 37,695
Amounts advanced 50,486 20,767
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 108,948 58,462

E E A Bowen
Balance outstanding at start of year - 2,861
Amounts repaid - (2,861 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LUDLOW HOMECARE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ludlow Homecare Limited for the year ended 31 August 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Ludlow Homecare 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 Ludlow Homecare Limited. You consider that Ludlow Homecare 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 Ludlow Homecare 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.






D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD


23 May 2025