18 18 June 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 11706285 2023-05-01 2024-04-30 11706285 2024-04-30 11706285 2023-04-30 11706285 2022-05-01 2023-04-30 11706285 2023-04-30 11706285 2022-04-30 11706285 core:PlantMachinery 2023-05-01 2024-04-30 11706285 core:FurnitureFittings 2023-05-01 2024-04-30 11706285 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11706285 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 11706285 bus:Director1 2023-05-01 2024-04-30 11706285 core:PlantMachinery 2023-04-30 11706285 core:FurnitureFittings 2023-04-30 11706285 core:PlantMachinery 2024-04-30 11706285 core:FurnitureFittings 2024-04-30 11706285 core:WithinOneYear 2024-04-30 11706285 core:WithinOneYear 2023-04-30 11706285 core:ShareCapital 2024-04-30 11706285 core:ShareCapital 2023-04-30 11706285 core:RetainedEarningsAccumulatedLosses 2024-04-30 11706285 core:RetainedEarningsAccumulatedLosses 2023-04-30 11706285 core:BetweenOneFiveYears 2023-04-30 11706285 core:PlantMachinery 2023-04-30 11706285 core:FurnitureFittings 2023-04-30 11706285 bus:SmallEntities 2023-05-01 2024-04-30 11706285 bus:Audited 2023-05-01 2024-04-30 11706285 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11706285 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11706285 bus:AbridgedAccounts 2023-05-01 2024-04-30 11706285 bus:OrdinaryShareClass1 2024-04-30 11706285 bus:OrdinaryShareClass1 2023-04-30 11706285 bus:OrdinaryShareClass2 2024-04-30 11706285 bus:OrdinaryShareClass2 2023-04-30 11706285 bus:AllOrdinaryShares 2024-04-30 11706285 bus:AllOrdinaryShares 2023-04-30 11706285 core:ComputerEquipment 2023-05-01 2024-04-30 11706285 core:ComputerEquipment 2023-04-30 11706285 core:ComputerEquipment 2024-04-30
COMPANY REGISTRATION NUMBER: 11706285
Each Other Care Limited
Filleted Abridged Financial Statements
30 April 2024
Each Other Care Limited
Abridged Financial Statements
Year Ended 30 April 2024
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
2
Each Other Care Limited
Abridged Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible assets
5
11,190
2,585
Current Assets
Debtors
413,393
98,614
Cash at bank and in hand
7,758
1,152
---------
--------
421,151
99,766
Creditors: amounts falling due within one year
768,846
97,719
---------
--------
Net Current (Liabilities)/Assets
( 347,695)
2,047
---------
-------
Total Assets Less Current Liabilities
( 336,505)
4,632
Provisions
2,798
646
---------
-------
Net (Liabilities)/Assets
( 339,303)
3,986
---------
-------
Capital and Reserves
Called up share capital
6
4
4
Profit and loss account
( 339,307)
3,982
---------
-------
Shareholders (Deficit)/Funds
( 339,303)
3,986
---------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:
Mr P C M Hansen
Director
Company registration number: 11706285
Each Other Care Limited
Notes to the Abridged Financial Statements
Year Ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Us15 Armstrong House, First Avenue, Doncaster Finningley Airport, Doncaster, DN9 3GA.
2. Statement of compliance
These abridged 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'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The abridged financial statements are prepared in sterling, which is the functional currency of the entity. Going concern In preparing the financial statements, the directors have considered the company's financial position. The company incurred a loss of £343,289 and had net liabilities of £339,303 as at the balance sheet date. This situation arises from the group's policy of recharging group overheads via fixed management charges which are currently insufficient to cover all costs incurred. The company is reliant on the financial support of its parent company, Each Other Care Holdings Limited, and the wider group. The directors have received confirmation from the parent company that it will continue to provide the necessary financial support for a period of at least 12 months from the date of approval of these financial statements. The directors have also reviewed the group's financial forecasts, which show that the group as a whole is profitable and has sufficient resources to provide this support. On this basis, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. Revenue recognition The turnover shown in the profit and loss account represents management charges and insurance recharges earned during the period. Taxation Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Equipment - 33% straight line
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2023: 2 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 May 2023
1,320
1,603
589
3,512
Additions
2,057
1,113
7,739
10,909
-------
-------
-------
--------
At 30 April 2024
3,377
2,716
8,328
14,421
-------
-------
-------
--------
Depreciation
At 1 May 2023
330
401
196
927
Charge for the year
316
555
1,433
2,304
-------
-------
-------
--------
At 30 April 2024
646
956
1,629
3,231
-------
-------
-------
--------
Carrying amount
At 30 April 2024
2,731
1,760
6,699
11,190
-------
-------
-------
--------
At 30 April 2023
990
1,202
393
2,585
-------
-------
-------
--------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
3
3
3
3
Ordinary B shares of £ 1 each
1
1
1
1
----
----
----
----
4
4
4
4
----
----
----
----
7. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
844
18,588
Later than 1 year and not later than 5 years
844
----
--------
844
19,432
----
--------
8. Summary audit opinion
The auditor's report dated 18 June 2025 was unqualified .
The senior statutory auditor was Andrew McDaid BFP FCA , for and on behalf of MCABA Limited t/a Mitchells .
9. Related party transactions
The company has taken advantage of the exemption conferred by FRS 102 S33.1A, removing the requirement to disclosure transactions between wholly owned group members. During the year the company provided and received short term loans from related parties. The balances outstanding due from/(to) related parties at 30 April 2024 are as follows:
2024 2023
£
Amounts due from entities holding a controlling interest 119,204 4
Amounts due from entities under common control 113,266 29,821
Amounts due to entities under common control (563,403) (80,439)
Amounts due from other related parties 33,431 65,014
The above are unsecured, interest free and repayable on demand.
10. Ultimate controlling interest
Each Other Care Limited is the 100% subsidiary of Each Other Care Holdings Limited , a company incorporated in England and Wales. The address of the registered office address is Us15 Armstrong House, First Avenue, Doncaster Finningley Airport, DN9 3GA. There is no controlling interest in Each Other Care Holdings Limited and it is the ultimate holding company.
11. Guarantees and commitments
At the balance sheet date, the company's assets have been pledged as security under a loan agreement with the parent company. There is a cross guarantee and debenture between group companies.