Registration number: 08789988

Karibu Care Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Karibu Care Limited

Company Information

Director

Mr P J Bush

Registered office

20 Pylewell Road Hythe Southampton Hampshire SO45 6AR

Accountants

Numeric Accounting Chartered Certified AccountantsSuite 1 The Portway Centre Old Sarum Park Old Sarum Salisbury Wiltshire SP4 6EB

Karibu Care Limited

(Registration number: 08789988)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	5,607	6,899
Current assets
Debtors	5	78,144	85,267
Cash at bank and in hand		30,591	9,577
		108,735	94,844
Creditors: Amounts falling due within one year	6	(62,880)	(58,973)
Net current assets		45,855	35,871
Total assets less current liabilities		51,462	42,770
Creditors: Amounts falling due after more than one year	6	(5,833)	(10,833)
Net assets		45,629	31,937
Capital and reserves
Called up share capital	7	1	1
Retained earnings		45,628	31,936
Shareholders' funds		45,629	31,937

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2025
 

......................................... Mr P J Bush Director

Karibu Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
20 Pylewell Road
Hythe
Southampton
Hampshire
SO45 6AR

These financial statements were authorised for issue by the director on 19 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Karibu Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	25% Reducing Balance
Leasehold Improvements	10% Straight Line
Motor Vehicles	25% Reducing Balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Karibu Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2023 - 14).

Karibu Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	2,516	13,549	21,637	37,702
Additions	-	690	-	690
Disposals	-	(1,050)	-	(1,050)
At 31 December 2024	2,516	13,189	21,637	37,342
Depreciation
At 1 January 2024	2,474	9,654	18,675	30,803
Charge for the year	42	1,002	740	1,784
Eliminated on disposal	-	(852)	-	(852)
At 31 December 2024	2,516	9,804	19,415	31,735
Carrying amount
At 31 December 2024	-	3,385	2,222	5,607
At 31 December 2023	42	3,895	2,962	6,899

Included within the net book value of land and buildings above is £Nil (2023 - £42) in respect of long leasehold land and buildings.
 

5

Debtors

Current	2024 £	2023 £
Trade debtors	67,985	74,866
Prepayments	2,980	3,080
Other debtors	7,179	7,321
	78,144	85,267

Karibu Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		5,000	5,000
Taxation and social security		45,275	49,871
Other creditors		12,605	4,102
		62,880	58,973

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		5,833	10,833

Loan

The loan is unsecured for a period of 26 months and attracts interest of 2.5% per annum. Repayments are made monthly.
Less than 1 year: £5000 (2023 - £5,000)
More than 1 year and less than 5 years: £5,833 (2023 - £10,833)

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

8

Dividends

		2024		2023
		£		£
Interim dividend of £34,500.00 (2023 - £27,100.00) per ordinary share		34,500		27,100

Karibu Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

9	Related party transactions

Transactions with the director

2024	At 1 January 2024 £	Other payments made to company by director £	At 31 December 2024 £
Mr P J Bush
The loan is interest-free and repayable on demand.	(334)	(9,680)	(10,014)

Director's remuneration

The director's remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	11,701	9,096