REGISTERED NUMBER: 06718009 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

RESOLVE (CARE NORTHERN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D King

Mrs M A Graham

REGISTERED OFFICE:

Low House Farm

Binchester Lane Ends

Bishop Auckland

Co. Durham

DL14 8AW

REGISTERED NUMBER:

06718009 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

2,312,737

1,273,234

CURRENT ASSETS

Debtors

5

986,448

928,900

Cash at bank and in hand

78,352

394,268

1,064,800

1,323,168

CREDITORS

Amounts falling due within one year

6

591,650

459,129

NET CURRENT ASSETS

473,150

864,039

TOTAL ASSETS LESS CURRENT LIABILITIES

2,785,887

2,137,273

CREDITORS

Amounts falling due after more than one year

7

(1,102,288

)

(543,843

)

PROVISIONS FOR LIABILITIES

(39,483

)

(35,203

)

NET ASSETS

1,644,116

1,558,227

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,644,016

1,558,127

SHAREHOLDERS' FUNDS

1,644,116

1,558,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

D King - Director

1.	STATUTORY INFORMATION

Resolve (Care Northern) Limited 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.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

10% on cost

Long leasehold

-

10% on cost

Improvements to property

-

4% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Long

to

property

leasehold

property

£

£

£

COST

At 1 January 2024

1,021,190

382,366

60,161

Additions

1,038,203

-

-

Disposals

-

-

-

At 31 December 2024

2,059,393

382,366

60,161

DEPRECIATION

At 1 January 2024

-

343,141

12,427

Charge for year

-

11,955

2,407

Eliminated on disposal

-

-

-

At 31 December 2024

-

355,096

14,834

NET BOOK VALUE

At 31 December 2024

2,059,393

27,270

45,327

At 31 December 2023

1,021,190

39,225

47,734

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

315,057

410,285

53,619

2,242,678

Additions

103,303

-

44,477

1,185,983

Disposals

(54,000

)

(37,795

)

-

(91,795

)

At 31 December 2024

364,360

372,490

98,096

3,336,866

DEPRECIATION

At 1 January 2024

301,499

267,573

44,804

969,444

Charge for year

14,844

92,688

10,385

132,279

Eliminated on disposal

(54,000

)

(23,594

)

-

(77,594

)

At 31 December 2024

262,343

336,667

55,189

1,024,129

NET BOOK VALUE

At 31 December 2024

102,017

35,823

42,907

2,312,737

At 31 December 2023

13,558

142,712

8,815

1,273,234

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Freehold

Motor

property

vehicles

Totals

£

£

£

COST

At 1 January 2024

874,901

385,698

1,260,599

Disposals

-

(37,795

)

(37,795

)

At 31 December 2024

874,901

347,903

1,222,804

DEPRECIATION

At 1 January 2024

-

244,425

244,425

Charge for year

-

91,249

91,249

Eliminated on disposal

-

(23,594

)

(23,594

)

At 31 December 2024

-

312,080

312,080

NET BOOK VALUE

At 31 December 2024

874,901

35,823

910,724

At 31 December 2023

874,901

141,273

1,016,174

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

185,887

168,601

Directors' loan accounts

757,475

706,256

Accrued income

41,896

47,449

Prepayments

1,190

6,594

986,448

928,900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

54,000

54,000

Other loans

222,187

84,443

Hire purchase contracts

22,864

69,351

Credit card

37,016

9,179

Trade creditors

1,215

1,214

Tax

110,434

131,735

Social security and other taxes

48,291

44,197

Pensions

3,351

3,274

Other creditors

74,992

60,936

Accruals and deferred income

17,300

800

591,650

459,129

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

54,000

54,000

Bank loans - 2-5 years

162,000

162,000

Bank loans more 5 yr by instal

871,182

287,815

Hire purchase contracts

15,106

40,028

1,102,288

543,843

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

871,182

287,815

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

1,141,182

557,815

Hire purchase contracts

37,970

109,379

1,179,152

667,194

The overdraft is secured by a fixed and floating charge over all the assets by Lloyds TSB Bank.

The bank loans are secured on the property to which they relate.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

D King and Mrs M A Graham

Balance outstanding at start of year

706,255

681,359

Amounts advanced

392,319

325,446

Amounts repaid

(341,100

)

(300,550

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

757,474

706,255

The loan is interest free with no fixed date for repayment.

10.	RELATED PARTY DISCLOSURES

During the year under review, rent amounting to £97,440 (2023 - £97,440) was paid to Graham and King Property. The proprietors of this business are D King and MA Graham who are also directors and shareholders of the company, Resolve (Care Northern) Limited.