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REGISTERED NUMBER: 06201268 (England and Wales)














Financial Statements

for the Year Ended 30 September 2024

for

Merseyside Care Ltd
Trading as
Early Days Formby

Merseyside Care Ltd (Registered number: 06201268)
Trading as Early Days Formby

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Merseyside Care Ltd
Trading as Early Days Formby

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mrs J Hardman





SECRETARY: Mrs J Hardman





REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 06201268 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Merseyside Care Ltd (Registered number: 06201268)
Trading as Early Days Formby

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 878,031 900,932
878,031 900,932

CURRENT ASSETS
Debtors 6 14,364 6,696
Cash at bank 73,977 143,550
88,341 150,246
CREDITORS
Amounts falling due within one year 7 444,733 449,082
NET CURRENT LIABILITIES (356,392 ) (298,836 )
TOTAL ASSETS LESS CURRENT LIABILITIES 521,639 602,096

CREDITORS
Amounts falling due after more than one year 8 (286,252 ) (311,577 )

PROVISIONS FOR LIABILITIES (24,881 ) (21,945 )
NET ASSETS 210,506 268,574

CAPITAL AND RESERVES
Called up share capital 9 200 200
Revaluation reserve 10 650,147 629,559
Retained earnings (439,841 ) (361,185 )
SHAREHOLDERS' FUNDS 210,506 268,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Merseyside Care Ltd (Registered number: 06201268)
Trading as Early Days Formby

Statement of Financial Position - continued
30 September 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:





Mrs J Hardman - Director


Merseyside Care Ltd (Registered number: 06201268)
Trading as Early Days Formby

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Merseyside Care Ltd 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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

Merseyside Care Ltd (Registered number: 06201268)
Trading as Early Days Formby

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

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.

Going concern
Although the company is technically insolvent, these accounts have been prepared under the going concern basis on the understanding that the company will continue to receive the financial support of its directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 123,446
AMORTISATION
At 1 October 2023
and 30 September 2024 123,446
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Merseyside Care Ltd (Registered number: 06201268)
Trading as Early Days Formby

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 October 2023 1,322,549 6,463 59,221
Additions - 509 -
Revaluations 27,451 - -
At 30 September 2024 1,350,000 6,972 59,221
DEPRECIATION
At 1 October 2023 509,394 671 43,036
Charge for year 34,649 1,207 4,046
At 30 September 2024 544,043 1,878 47,082
NET BOOK VALUE
At 30 September 2024 805,957 5,094 12,139
At 30 September 2023 813,155 5,792 16,185

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 96,572 9,515 1,494,320
Additions - 2,565 3,074
Revaluations - - 27,451
At 30 September 2024 96,572 12,080 1,524,845
DEPRECIATION
At 1 October 2023 34,718 5,569 593,388
Charge for year 12,371 1,153 53,426
At 30 September 2024 47,089 6,722 646,814
NET BOOK VALUE
At 30 September 2024 49,483 5,358 878,031
At 30 September 2023 61,854 3,946 900,932

Merseyside Care Ltd (Registered number: 06201268)
Trading as Early Days Formby

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2024 27,451 - -
Valuation in 2014 629,559 - -
Cost 692,990 6,972 59,221
1,350,000 6,972 59,221

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 - - 27,451
Valuation in 2014 - - 629,559
Cost 96,572 12,080 867,835
96,572 12,080 1,524,845

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 14,364 6,696

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 24,539 24,539
Payments on account 167,181 148,731
Trade creditors 5,893 1,119
Taxation and social security 13,990 6,436
Other creditors 233,130 268,257
444,733 449,082

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 286,252 311,577

Merseyside Care Ltd (Registered number: 06201268)
Trading as Early Days Formby

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 216,789 231,987

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
200 Ordinary £1 200 200

10. RESERVES
Revaluation
reserve
£   
At 1 October 2023 629,559
Property valuation 20,588

At 30 September 2024 650,147