Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 06784151 Mr K McCormack Ms L McCormack Mr K McCormack Mr K McCormack 80-86 New London Road, Chelmsford, Essex, England, CM2 0PD true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06784151 2024-01-31 06784151 2025-01-31 06784151 2024-02-01 2025-01-31 06784151 frs-core:CurrentFinancialInstruments 2025-01-31 06784151 frs-core:Non-currentFinancialInstruments 2025-01-31 06784151 frs-core:BetweenOneFiveYears 2025-01-31 06784151 frs-core:ComputerEquipment 2025-01-31 06784151 frs-core:ComputerEquipment 2024-02-01 2025-01-31 06784151 frs-core:ComputerEquipment 2024-01-31 06784151 frs-core:FurnitureFittings 2025-01-31 06784151 frs-core:FurnitureFittings 2024-02-01 2025-01-31 06784151 frs-core:FurnitureFittings 2024-01-31 06784151 frs-core:NetGoodwill 2025-01-31 06784151 frs-core:NetGoodwill 2024-02-01 2025-01-31 06784151 frs-core:NetGoodwill 2024-01-31 06784151 frs-core:MotorVehicles 2025-01-31 06784151 frs-core:MotorVehicles 2024-02-01 2025-01-31 06784151 frs-core:MotorVehicles 2024-01-31 06784151 frs-core:WithinOneYear 2025-01-31 06784151 frs-core:ShareCapital 2025-01-31 06784151 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 06784151 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 06784151 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 06784151 frs-bus:SmallEntities 2024-02-01 2025-01-31 06784151 frs-bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 06784151 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 06784151 1 2024-02-01 2025-01-31 06784151 frs-bus:Director1 2024-02-01 2025-01-31 06784151 frs-bus:Director1 2024-01-31 06784151 frs-bus:Director1 2025-01-31 06784151 frs-bus:Director2 2024-02-01 2025-01-31 06784151 frs-bus:Director2 2024-01-31 06784151 frs-bus:Director2 2025-01-31 06784151 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 06784151 frs-core:CurrentFinancialInstruments 1 2025-01-31 06784151 frs-countries:EnglandWales 2024-02-01 2025-01-31 06784151 2023-01-31 06784151 2024-01-31 06784151 2023-02-01 2024-01-31 06784151 frs-core:CurrentFinancialInstruments 2024-01-31 06784151 frs-core:Non-currentFinancialInstruments 2024-01-31 06784151 frs-core:BetweenOneFiveYears 2024-01-31 06784151 frs-core:MotorVehicles 2023-02-01 2024-01-31 06784151 frs-core:WithinOneYear 2024-01-31 06784151 frs-core:ShareCapital 2024-01-31 06784151 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06784151 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: 06784151
Care and Wellbeing Group Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Nuvo Scotland Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—7
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Care and Wellbeing Group Limited for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Care and Wellbeing Group Limited 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 us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Care and Wellbeing Group Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Care and Wellbeing Group Limited and state those matters that we have agreed to state to the directors of Care and Wellbeing Group Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Care and Wellbeing Group Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Care and Wellbeing Group 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 Care and Wellbeing Group Limited . You consider that Care and Wellbeing Group Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Care and Wellbeing Group 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.
13 August 2025
Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Balance Sheet
Registered number: 06784151
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 238,449 251,416
238,449 251,416
CURRENT ASSETS
Debtors 6 1,084,110 201,500
Cash at bank and in hand 726,983 663,209
1,811,093 864,709
Creditors: Amounts Falling Due Within One Year 7 (908,198 ) (550,784 )
NET CURRENT ASSETS (LIABILITIES) 902,895 313,925
TOTAL ASSETS LESS CURRENT LIABILITIES 1,141,344 565,341
Creditors: Amounts Falling Due After More Than One Year 8 (704,763 ) (139,850 )
NET ASSETS 436,581 425,491
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 436,481 425,391
SHAREHOLDERS' FUNDS 436,581 425,491
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.
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 K McCormack
Director
Ms L McCormack
Director
13 August 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Care and Wellbeing Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06784151 . The registered office is 80-86 New London Road, Chelmsford, Essex, CM2 0PD.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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. 
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 7 years.
2.4. Tangible Fixed Assets and Depreciation
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
Tangible fixed assets are measured at cost less accumulated depreciation and any 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:
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 25% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price
including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price. 
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method. 
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Equity instruments 
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. 
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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2.10. Related Party Exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 136 (2024: 133)
136 133
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 29,550
As at 31 January 2025 29,550
Amortisation
As at 1 February 2024 29,550
As at 31 January 2025 29,550
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 442,814 62,556 63,775 569,145
Additions 214,715 - 6,163 220,878
Disposals (287,790 ) - - (287,790 )
As at 31 January 2025 369,739 62,556 69,938 502,233
Depreciation
As at 1 February 2024 216,123 46,655 54,951 317,729
Provided during the period 67,331 3,180 4,482 74,993
Disposals (128,938 ) - - (128,938 )
As at 31 January 2025 154,516 49,835 59,433 263,784
Net Book Value
As at 31 January 2025 215,223 12,721 10,505 238,449
As at 1 February 2024 226,691 15,901 8,824 251,416
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 178,836 200,244
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 128,153 34,264
Prepayments and accrued income 207,154 151,485
Other debtors 17,824 15,751
Other Asset Loan 36,499 -
Directors' loan accounts 29,055 -
Amounts owed by group undertakings 665,425 -
1,084,110 201,500
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 28,236 44,463
Trade creditors 23,524 139,130
Bank loans and overdrafts 90,321 -
Corporation tax 23,799 8,581
Other taxes and social security 17,096 10,224
Other creditors 203,064 9,295
Accruals and deferred income 521,971 338,550
Directors' loan accounts 187 541
908,198 550,784
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 152,182 139,850
Bank loans 552,581 -
704,763 139,850
9. Secured Creditors
Of the creditors the following amounts are secured.
The company has granted a floating charge in favour of Lloyds Bank PLC over all current and future property and undertakings of the business. 
2025 2024
£ £
Bank loans and overdrafts 642,902 -
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10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 28,236 44,463
Later than one year and not later than five years 152,182 139,850
180,418 184,313
180,418 184,313
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 62,132 62,132
Later than one year and not later than five years 195,890 258,022
258,022 320,154
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Kevin McCormack (986 ) 30,352 (312 ) - 29,054
Ms Lucy McCormack - 125 (312 ) - (187 )
The above loans are interest free and have no fixed repayment terms.
14. Ultimate Parent Undertaking and Controlling Party
From 29 October 2024, the company's immediate and ultimate parent company is Care & Wellbeing Holdings Limited. The ultimate controlling party is K McCormack by virtue of his ownership of 98% of the shares of Care & Wellbeing Holdings Limited
Prior to 29 October 2024, the company had no parent company and the ultimate controlling parties were K McCormack and T McCormack by virtue of their combined 99% ownership of the issued share capital in the company. 
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