REGISTERED NUMBER: 07125088 (England and Wales)

TECHCARE LTD

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

K D Frankham

O J Aleksejuk

REGISTERED OFFICE:

Unit 119 Anglesey Court

Towers Business Park

Wheelhouse Road

Rugeley

Staffordshire

WS15 1UL

REGISTERED NUMBER:

07125088 (England and Wales)

ACCOUNTANTS:

BCD Accountants Limited

Second Floor

21 Graham Street

Birmingham

United Kingdom

B1 3JR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Techcare Ltd for the year ended 31 December 2024 which comprise the Abridged Income Statement, Abridged Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Techcare Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Techcare Ltd and state those matters that we have agreed to state to the Board of Directors of Techcare Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Techcare Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Techcare Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Techcare Ltd. You consider that Techcare Ltd 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 financial statements of Techcare Ltd. 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 statutory financial statements.

BCD Accountants Limited

Second Floor

21 Graham Street

Birmingham

United Kingdom

B1 3JR

24 September 2025

FIXED ASSETS

Intangible assets

4

59,084

70,111

Tangible assets

5

37,182

15,912

96,266

86,023

CURRENT ASSETS

Stocks

329,530

249,711

Debtors

436,532

254,946

Cash at bank and in hand

1,549

100

767,611

504,757

CREDITORS

Amounts falling due within one year

(795,314

)

(473,825

)

NET CURRENT (LIABILITIES)/ASSETS

(27,703

)

30,932

TOTAL ASSETS LESS CURRENT LIABILITIES

68,563

116,955

CREDITORS

Amounts falling due after more than one year

(41,572

)

(26,515

)

PROVISIONS FOR LIABILITIES

(24,067

)

(21,506

)

NET ASSETS

2,924

68,934

CAPITAL AND RESERVES

Called up share capital

201

201

Retained earnings

2,723

68,733

SHAREHOLDERS' FUNDS

2,924

68,934

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 September 2025 and were signed on its behalf by:

K D Frankham - Director

1.	STATUTORY INFORMATION

Techcare 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

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.

Fixtures, fittings & equipment

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating lease 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.

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.

Going concern

The company continues to meet it day to day working capital requirements through creditors and tax creditors.

On the basis that the company remains profitable and support is not withdrawn, then the directors consider it appropriate to prepare the financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

110,270

AMORTISATION

At 1 January 2024

40,159

Amortisation for year

11,027

At 31 December 2024

51,186

NET BOOK VALUE

At 31 December 2024

59,084

At 31 December 2023

70,111

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

117,165

Additions

37,487

Disposals

(19,067

)

At 31 December 2024

135,585

DEPRECIATION

At 1 January 2024

101,253

Charge for year

13,884

Eliminated on disposal

(16,734

)

At 31 December 2024

98,403

NET BOOK VALUE

At 31 December 2024

37,182

At 31 December 2023

15,912

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

Totals

£

COST

At 1 January 2024

33,926

Additions

34,383

Disposals

(19,067

)

At 31 December 2024

49,242

DEPRECIATION

At 1 January 2024

28,226

Charge for year

9,305

Eliminated on disposal

(16,734

)

At 31 December 2024

20,797

NET BOOK VALUE

At 31 December 2024

28,445

At 31 December 2023

5,700

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2024

2023

£

£

Net obligations repayable:

Within one year

5,472

-

Between one and five years

18,655

-

24,127

-

Non-cancellable operating

leases

2024

2023

£

£

Within one year

2,661

3,991

Between one and five years

-

2,661

2,661

6,652

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

IWOCA Ltd

258,544

76,151

The loan balance owed to the above is secured upon a personal guarantee provided by the director, Mr K Frankham.