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Company Registration number: 06245062

Caresure Limited

Annual Report and Unaudited
Financial Statements


for the Year Ended 31 May 2024

 

Caresure Limited

Contents

Pages

Balance sheet

1 to 2

Notes to the financial statements

3 to 8

 

Caresure Limited

Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

362,474

342,141

Current assets

 

Stocks

7

250

235

Debtors

8

172,329

150,150

Cash at bank and in hand

 

909

26,856

 

173,488

177,241

Creditors: Amounts falling due within one year

9

(309,458)

(276,697)

Net current liabilities

 

(135,970)

(99,456)

Total assets less current liabilities

 

226,504

242,685

Creditors: Amounts falling due after more than one year

9

(39,618)

(82,216)

Provisions for liabilities

(12,017)

(4,111)

Net assets

 

174,869

156,358

Capital and reserves

 

Called up share capital

100

100

Retained earnings

174,769

156,258

Shareholders' funds

 

174,869

156,358

 

Caresure Limited

Balance Sheet as at 31 May 2024 (continued)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 06245062

Approved and authorised by the Board on 28 May 2025 and signed on its behalf by:
 

.........................................
Mr R Chopra
Director

 

Caresure Limited

Notes to the financial statements for the Year Ended 31 May 2024

1

GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dalmar House
Barras Lane Estate
Dalston
Carlisle
CA5 7NY

These financial statements were authorised for issue by the Board on 28 May 2025.

2

ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

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. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Caresure Limited

Notes to the financial statements for the Year Ended 31 May 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Taxation

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

2% straight line

Equipment

20% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line

 

Caresure Limited

Notes to the financial statements for the Year Ended 31 May 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
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.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3

STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 25).

 

Caresure Limited

Notes to the financial statements for the Year Ended 31 May 2024 (continued)

4

PROFIT BEFORE TAX

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

16,708

15,791

5

INTANGIBLE ASSETS

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2023

47,500

47,500

At 31 May 2024

47,500

47,500

Amortisation

At 1 June 2023

47,500

47,500

At 31 May 2024

47,500

47,500

Carrying amount

At 31 May 2024

-

-

 

Caresure Limited

Notes to the financial statements for the Year Ended 31 May 2024 (continued)

6

TANGIBLE ASSETS

Equipment
£

Motor vehicles
 £

Land and Buildings
£

Total
£

Cost or valuation

At 1 June 2023

11,207

67,745

457,534

536,486

Additions

37,041

-

-

37,041

At 31 May 2024

48,248

67,745

457,534

573,527

Depreciation

At 1 June 2023

5,446

51,867

137,032

194,345

Charge for the year

3,588

3,969

9,151

16,708

At 31 May 2024

9,034

55,836

146,183

211,053

Carrying amount

At 31 May 2024

39,214

11,909

311,351

362,474

At 31 May 2023

5,762

15,877

320,502

342,141

7

STOCKS

2024
£

2023
£

Stock

250

235

8

DEBTORS

2024
£

2023
£

Other debtors

170,023

150,000

Prepayments

2,306

150

172,329

150,150

 

Caresure Limited

Notes to the financial statements for the Year Ended 31 May 2024 (continued)

9

CREDITORS

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

42,728

42,674

Trade creditors

 

3,563

2,423

Taxation and social security

 

48,220

41,048

Accruals and deferred income

 

187,722

125,828

Other creditors

 

27,225

64,724

 

309,458

276,697


Creditors include bank loans and overdrafts which are secured of £42,728 (2023 - £42,674).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

39,618

82,216


Creditors include bank loans and overdrafts which are secured of £39,618 (2023 - £82,216).

10

LOANS AND BORROWINGS

Current loans and borrowings

2024
£

2023
£

Bank borrowings

42,728

42,674


 

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

39,618

82,216