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Registered number: 08750378
County Carers Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Valentis (UK) Ltd
ACCA
6-8 Great Eastern Street
London
EC2A 3NT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08750378
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,740 11,105
15,740 11,105
CURRENT ASSETS
Debtors 5 703,687 257,348
Cash at bank and in hand 199,632 57,367
903,319 314,715
Creditors: Amounts Falling Due Within One Year 6 (476,227 ) (229,832 )
NET CURRENT ASSETS (LIABILITIES) 427,092 84,883
TOTAL ASSETS LESS CURRENT LIABILITIES 442,832 95,988
Creditors: Amounts Falling Due After More Than One Year 7 (27,273 ) (32,510 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (3,935 ) -
NET ASSETS 411,624 63,478
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 411,524 63,378
SHAREHOLDERS' FUNDS 411,624 63,478
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Eloise Claire Wakeford
Director
12/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
County Carers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08750378 . The registered office is Devonshire Place, New Road, Crowthorne, Berkshire, RG45 6NA.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Tangible Fixed Assets and Depreciation
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:
Plant & Machinery 20% Reducing Balance Method
Fixtures & Fittings 20% Reducing Balance Method
Computer Equipment 20% Reducing Balance Method
2.4. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 2,737 4,101 8,994 15,832
Additions 2,326 4,936 1,309 8,571
As at 31 October 2024 5,063 9,037 10,303 24,403
Depreciation
As at 1 November 2023 1,033 820 2,874 4,727
Provided during the period 806 1,644 1,486 3,936
As at 31 October 2024 1,839 2,464 4,360 8,663
Net Book Value
As at 31 October 2024 3,224 6,573 5,943 15,740
As at 1 November 2023 1,704 3,281 6,120 11,105
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,348 68,158
Prepayments and accrued income 118,553 14,700
Other debtors 206,496 -
Corporation tax recoverable assets 18,790 18,790
Director's loan account 330,500 155,700
703,687 257,348
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 27,648 29,498
Bank loans and overdrafts 5,000 5,000
Corporation tax 305,160 149,776
Other taxes and social security 10,195 7,918
Credit cards 1,789 1,500
Accruals and deferred income 126,435 36,140
476,227 229,832
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,273 32,510
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 3,935 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mrs Eloise Claire Wakeford 155,700 174,800 - - 330,500
The loan is unsecured and repayable on demand. Interest has been charged on the balance at the HMRC official rate of interest.
Subsequent to the year-end, the director repaid £275,000 of the outstanding balance. The remaining balance continues to be repayable on demand.
11. Transition to FRS 102
These financial statements are the first prepared under FRS 102, Section 1A Small Entities.
The transition from FRS 105 did not result in any material changes to the reported figures, other than the recognition of a deferred tax liability in respect of timing differences on fixed assets.
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