| Registered number: 02236021 | ||||||||
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 | ||||||||
| Prepared By: | ||||||||
| Willow Accounting & Consultancy | ||||||||
| Chartered Certified Accountants | ||||||||
| 47a Commercial Road | ||||||||
| Poole | ||||||||
| Dorset | ||||||||
| BH14 0HU | ||||||||
| Overcare Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| Dorset | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 02236021 | ||||||||
| ACCOUNTANTS | ||||||||
| Willow Accounting & Consultancy | ||||||||
| Chartered Certified Accountants | ||||||||
| 47a Commercial Road | ||||||||
| Poole | ||||||||
| Dorset | ||||||||
| BH14 0HU | ||||||||
| Overcare Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED30 SEPTEMBER 2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Overcare Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 4 | |||||||||
| Cash at bank and in hand | ||||||||||
| 332,786 | 446,200 | |||||||||
| CREDITORS: Amounts falling due within one year | 5 | |||||||||
| NET CURRENT ASSETS | 159,404 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 6 | 31,183 | 4,148 | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 9 | |||||||||
| Profit and loss account | 144,193 | 164,521 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Overcare Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Plant and Machinery | reducing balance 33.33% | |||||||
| Commercial Vehicles | reducing balance 25% | |||||||
| Fixtures and Fittings | reducing balance 20% | |||||||
| Equipment | reducing balance 20% | |||||||
| 1c. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1d. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1e. Government Grants | ||||||||
| Government grants are recognised in profit and loss in the year in which they are received. | ||||||||
| 1f. Leasing Commitments | ||||||||
| Overcare Limited | ||||||||
| 2. TANGIBLE FIXED ASSETS | ||||||||||||
| Long Leasehold | Plant and | Commercial | Fixtures | |||||||||
| Properties | Machinery | Vehicles | and Fittings | Equipment | Total | |||||||
| £ | £ | £ | £ | £ | £ | |||||||
| Cost | ||||||||||||
| At 1 October 2023 | 6,462 | 25,036 | 37,253 | 31,222 | 6,942 | 106,915 | ||||||
| Additions | - | - | 44,707 | - | - | 44,707 | ||||||
| At 30 September 2024 | 6,462 | 25,036 | 81,960 | 31,222 | 6,942 | 151,622 | ||||||
| Depreciation | ||||||||||||
| At 1 October 2023 | 6,462 | 20,170 | 31,228 | 30,735 | 6,763 | 95,358 | ||||||
| For the year | - | 1,606 | 12,683 | 97 | 36 | 14,422 | ||||||
| At 30 September 2024 | 6,462 | 21,776 | 43,911 | 30,832 | 6,799 | 109,780 | ||||||
| Net Book Amounts | ||||||||||||
| At 30 September 2024 | - | 41,842 | ||||||||||
| At 30 September 2023 | - | 11,557 | ||||||||||
| The net book value of commecial vehicles includes £29,405 in respect of assets held under finance leases. Depreciation on these assets in the year amounted to £9,802. | ||||||||||||
| 3. STOCK | 2024 | 2023 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 4. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 72,298 | 55,019 | ||||||
| Other debtors | 95,147 | 96,650 | ||||||
| Prepayments | 42,080 | 35,285 | ||||||
| 209,525 | 186,954 | |||||||
| Overcare Limited | ||||||||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | 1,209 | 34,493 | ||||||
| VAT | 1,640 | 6,694 | ||||||
| PAYE control | 12,674 | 16,954 | ||||||
| Salaries and wages control | 6,809 | 12,368 | ||||||
| Directors current account | 712 | 8,559 | ||||||
| Bank loan (unsecured) | 2,453 | - | ||||||
| Bank loan (unsecured) | - | 2,392 | ||||||
| Credit card | 5,110 | 12,338 | ||||||
| Hire purchase | 6,538 | - | ||||||
| Trade creditors | 138,077 | 173,280 | ||||||
| Pension schemes | 4,780 | 2,526 | ||||||
| Accruals | 10,565 | 17,192 | ||||||
| 190,567 | 286,796 | |||||||
| 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Bank loan (unsecured) | 1,696 | 4,148 | ||||||
| Hire purchase | 29,487 | - | ||||||
| 31,183 | 4,148 | |||||||
| 7. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 14 | |||||
| Overcare Limited | ||||||||
| 8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 8,683 | 2,290 | ||||||
| 8,683 | 2,290 | |||||||
| 9. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 2 | 2 | |||||||
| 2 | 2 | |||||||
| 10. OTHER FINANCIAL COMMITMENTS | ||||||||
| At 30 September 2024 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Operating Leases which expire: | ||||||||
| Within one year | 43,130 | 50,270 | ||||||
| Within two to five years | 600 | 7,537 | ||||||
| 11. CONTROLLING PARTY | ||||||||
| The disposition of the shareholding is such that no ultimate controlling party exists. | ||||||||
| 12. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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