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REGISTERED NUMBER: 13976726 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Ourway Care Ltd

Ourway Care Ltd (Registered number: 13976726)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ourway Care Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: J C Merritt
J Doughty
C J Freestone





REGISTERED OFFICE: Unit 17, Enterprise Centre
Michael Way
Raunds
Northamptonshire
NN9 6GR





REGISTERED NUMBER: 13976726 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Ourway Care Ltd (Registered number: 13976726)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,592 2,411

CURRENT ASSETS
Debtors 5 176,583 192,580
Cash at bank and in hand 93,108 102,530
269,691 295,110
CREDITORS
Amounts falling due within one year 6 (264,103 ) (296,850 )
NET CURRENT ASSETS/(LIABILITIES) 5,588 (1,740 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,180

671

PROVISIONS FOR LIABILITIES (648 ) (458 )
NET ASSETS 7,532 213

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,432 113
7,532 213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:



J C Merritt - Director


Ourway Care Ltd (Registered number: 13976726)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Ourway 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.

These financial statements for the year ended 31 March 2025 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS105. The date of transition to FRS 102 Section 1A is 1 April 2023.

Deferred tax has been provided on accelerated capital allowances and other timing differences, where appropriate.

The transition to FRS 102 Section 1A had the following effect on the financial statements:
- Retained earnings as at 31 March 2024 has decreased by £458;
- The profit for the year ended 31 March 2024 has decreased by £458.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Ourway Care Ltd (Registered number: 13976726)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2024 - 56 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024 3,540
Additions 1,032
At 31 March 2025 4,572
DEPRECIATION
At 1 April 2024 1,129
Charge for year 851
At 31 March 2025 1,980
NET BOOK VALUE
At 31 March 2025 2,592
At 31 March 2024 2,411

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 169,273 166,241
Other debtors 7,310 26,339
176,583 192,580

Other debtors include prepayments and accrued income of £6,146 (2024: £4,315).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 3,403 3,050
Taxation and social security 82,964 66,334
Other creditors 177,736 227,466
264,103 296,850

Other creditors include accruals and deferred income of £2,670 (2024: £2,793).

7. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £Nil (2024: £3,094).

Ourway Care Ltd (Registered number: 13976726)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
J C Merritt
Balance outstanding at start of year 6,942 -
Amounts advanced - 6,942
Amounts repaid (6,942 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,942

J Doughty
Balance outstanding at start of year 6,297 -
Amounts advanced - 6,297
Amounts repaid (6,297 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,297

The loans were interest free and repayable on demand.