Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04662017 Mr P J Minogue Mrs J Minogue Mr C J Minogue Mr P D Minogue Mr P J Minogue iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04662017 2024-03-31 04662017 2025-03-31 04662017 2024-04-01 2025-03-31 04662017 frs-core:CurrentFinancialInstruments 2025-03-31 04662017 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 04662017 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04662017 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04662017 frs-core:MotorVehicles 2025-03-31 04662017 frs-core:MotorVehicles 2024-04-01 2025-03-31 04662017 frs-core:MotorVehicles 2024-03-31 04662017 frs-core:PlantMachinery 2025-03-31 04662017 frs-core:PlantMachinery 2024-04-01 2025-03-31 04662017 frs-core:PlantMachinery 2024-03-31 04662017 frs-core:ShareCapital 2025-03-31 04662017 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04662017 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04662017 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04662017 frs-bus:SmallEntities 2024-04-01 2025-03-31 04662017 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04662017 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04662017 frs-bus:Director1 2024-04-01 2025-03-31 04662017 frs-bus:Director2 2024-04-01 2025-03-31 04662017 frs-bus:Director3 2024-04-01 2025-03-31 04662017 frs-bus:Director4 2024-04-01 2025-03-31 04662017 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04662017 frs-countries:EnglandWales 2024-04-01 2025-03-31 04662017 2023-03-31 04662017 2024-03-31 04662017 2023-04-01 2024-03-31 04662017 frs-core:CurrentFinancialInstruments 2024-03-31 04662017 frs-core:ShareCapital 2024-03-31 04662017 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04662017
Carehome Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr P J Minogue
Mrs J Minogue
Mr C J Minogue
Mr P D Minogue
Secretary Mr P J Minogue
Company Number 04662017
Registered Office Hanover Buildings
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Carehome Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Carehome Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Carehome Limited , as a body, in accordance with the terms of our engagement letter dated 24 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Carehome Limited and state those matters that we have agreed to state to the directors of Carehome 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 Carehome Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Carehome Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Carehome Limited . You consider that Carehome Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Carehome 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 financial statements.
ERC Accountants and Business Advisers Limited
4 June 2025
ERC Accountants & Business Advisers Limited
Chartered Accountants
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 2
Page 3
Balance Sheet
Registered number: 04662017
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 170,652 301,428
170,652 301,428
CURRENT ASSETS
Debtors 5 71,100 44,529
Cash at bank and in hand 481,220 227,250
552,320 271,779
Creditors: Amounts Falling Due Within One Year 6 (95,744 ) (18,542 )
NET CURRENT ASSETS (LIABILITIES) 456,576 253,237
TOTAL ASSETS LESS CURRENT LIABILITIES 627,228 554,665
PROVISIONS FOR LIABILITIES
Deferred Taxation (883 ) (1,315 )
NET ASSETS 626,345 553,350
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 626,145 553,150
SHAREHOLDERS' FUNDS 626,345 553,350
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P J Minogue
Director
4 June 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Carehome Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04662017 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% Straight line / 25% Reducing balance
Plant and machinery 25% Reducing balance
Motor vehicles 25% Reducing balance
2.4. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 16)
13 16
4. Tangible Assets
Land & Property
Freehold Plant and machinery Motor vehicles Total
£ £ £ £
Cost
As at 1 April 2024 329,712 24,058 27,000 380,770
Disposals (139,733 ) - - (139,733 )
As at 31 March 2025 189,979 24,058 27,000 241,037
Depreciation
As at 1 April 2024 35,207 19,838 24,297 79,342
Provided during the period 1,889 1,053 676 3,618
Disposals (12,575 ) - - (12,575 )
As at 31 March 2025 24,521 20,891 24,973 70,385
Net Book Value
As at 31 March 2025 165,458 3,167 2,027 170,652
As at 1 April 2024 294,505 4,220 2,703 301,428
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 71,100 44,529
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 976 556
Corporation tax 80,754 5,717
Other taxes and social security 11,127 9,665
Accruals and deferred income 2,748 2,358
Directors' loan accounts 139 246
95,744 18,542
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
8. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
9. Related Party Transactions
The following related party transactions were undertaken during the year:
During the year a director withdrew amounts totalling £49,726 (2024: £50,609) and introduced capital of £49,712 (2024: £50,615). At the balance sheet date the amounts owed to the director totalled £55 (2024: £68).
During the year a director withdrew amounts totalling £42,613 (2024: £30,518) and introduced capital of £42,612 (2024: £30,515). At the balance sheet date the amounts owed to the director totalled £19 (2024: £19).
During the year a director withdrew amounts totalling £32,565 (2024: £29,072) and introduced capital of £32,500 (2024: £29,103). At the balance sheet date the amounts owed to the director totalled £27 (2024: £92).
During the year a director withdrew amounts totalling £42,178 (2024: £28,371) and introduced capital of £42,149 (2024: £28,415). At the balance sheet date the amounts owed to the director totalled £38 (2024: £66).
Dividends were paid to the directors in respect of their shareholdings totalling £166,000 (2024: £137,600).
The aggregate remuneration paid to key management personnel for the year was £20,135 (2024: £23,037).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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