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Company Registration No. 13819399 (England and Wales)
Derive Care Ltd Unaudited accounts for the year ended 31 December 2024
Derive Care Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Derive Care Ltd Company Information for the year ended 31 December 2024
Directors
Viji Mangalassery Tanya Madeleine Nesling
Company Number
13819399 (England and Wales)
Registered Office
Office 17, Apex House Wonastow Road Industrial Estate (East) Monmouth Gwent NP25 5JB Wales
Accountants
Tax Nest Accountants Ltd Office 18 241E, High Street North London E12 6SJ
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Derive Care Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,563 
697 
Current assets
Debtors
5
70,713 
170,939 
Cash at bank and in hand
31,441 
38,197 
102,154 
209,136 
Creditors: amounts falling due within one year
6
(35,824)
(103,790)
Net current assets
66,330 
105,346 
Net assets
72,893 
106,043 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
72,892 
106,042 
Shareholders' funds
72,893 
106,043 
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Viji Mangalassery Director Company Registration No. 13819399
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Derive Care Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Derive Care Ltd is a private company, limited by shares, registered in England and Wales, registration number 13819399. The registered office is Office 17, Apex House, Wonastow Road Industrial Estate (East), Monmouth, Gwent, NP25 5JB, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% RBM
Fixtures & fittings
25% RBM
Computer equipment
25% RBM
Turnover
Turnover represents income earned from the provision of care services to clients during the financial year. Revenue is recognised at the point when the care service is delivered, reflecting the completion of the agreed service to the customer. Turnover is stated net of trade discounts and other applicable sales taxes
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
- 
- 
1,240 
1,240 
Additions
2,993 
1,993 
2,734 
7,720 
At 31 December 2024
2,993 
1,993 
3,974 
8,960 
Depreciation
At 1 January 2024
- 
- 
543 
543 
Charge for the year
498 
498 
858 
1,854 
At 31 December 2024
498 
498 
1,401 
2,397 
Net book value
At 31 December 2024
2,495 
1,495 
2,573 
6,563 
At 31 December 2023
- 
- 
697 
697 
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Derive Care Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
68,713 
170,939 
Other debtors
2,000 
- 
70,713 
170,939 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
23,172 
33,561 
Other creditors
10,766 
67,835 
Loans from directors
886 
1,244 
Accruals
1,000 
1,150 
35,824 
103,790 
7
Average number of employees
During the year the average number of employees was 60 (2023: 60).
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