Company Registration No. 04985042 (England and Wales)
Maricare Limited
Unaudited accounts
for the year ended 31 January 2025
Maricare Limited
Unaudited accounts
Contents
Maricare Limited
Company Information
for the year ended 31 January 2025
Directors
Mr D Whitehead
Mr R Clare
Mrs A Clare
Company Number
04985042 (England and Wales)
Registered Office
Beech Haven Care Home
77 Burford Road
Chipping Norton
Oxfordshire
OX7 5EE
England
Maricare Limited
Statement of financial position
as at 31 January 2025
Tangible assets
941,209
978,107
Cash at bank and in hand
283,307
270,725
Creditors: amounts falling due within one year
(349,442)
(283,284)
Net current assets
181,948
198,438
Total assets less current liabilities
1,123,157
1,176,545
Creditors: amounts falling due after more than one year
(887,474)
(939,356)
Provisions for liabilities
Deferred tax
(68,195)
(75,206)
Net assets
167,488
161,983
Called up share capital
1
1
Profit and loss account
167,487
161,982
Shareholders' funds
167,488
161,983
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by
Mr R Clare
Director
Company Registration No. 04985042
Maricare Limited
Notes to the Accounts
for the year ended 31 January 2025
Maricare Limited is a private company, limited by shares, registered in England and Wales, registration number 04985042. The registered office is Beech Haven Care Home, 77 Burford Road, Chipping Norton, Oxfordshire, OX7 5EE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the below rates in order to write off the assets over their estimated useful lives.
Land of £400,000 is not depreciated (2024: £400,000)
Fixtures & fittings
15% RBM
Goodwill has been included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Maricare Limited
Notes to the Accounts
for the year ended 31 January 2025
4
Intangible fixed assets
Goodwill
At 1 February 2024
795,000
At 31 January 2025
795,000
At 1 February 2024
795,000
At 31 January 2025
795,000
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
1,204,734
10,850
364,458
1,580,042
Disposals
-
-
(38,315)
(38,315)
At 31 January 2025
1,204,734
10,850
326,866
1,542,450
At 1 February 2024
313,824
7,417
280,694
601,935
Charge for the year
16,095
858
14,071
31,024
On disposals
-
-
(31,718)
(31,718)
At 31 January 2025
329,919
8,275
263,047
601,241
At 31 January 2025
874,815
2,575
63,819
941,209
At 31 January 2024
890,910
3,433
83,764
978,107
Finished goods
14,000
14,000
Amounts falling due within one year
Trade debtors
102,517
80,767
Accrued income and prepayments
25,012
26,784
Maricare Limited
Notes to the Accounts
for the year ended 31 January 2025
8
Investments held as current assets
2025
2024
Listed investments
98,999
87,296
9
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
52,281
51,612
Trade creditors
20,077
8,999
Taxes and social security
70,997
72,527
Other creditors
97,821
59,137
Loans from directors
14,562
13,775
Deferred income
64,503
57,406
10
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
887,474
939,356
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
12
Average number of employees
During the year the average number of employees was 42 (2024: 45).