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# GRACE LIVE IN CARERS LTD

## Company Registration Number:
07838793 (England and Wales)

## Unaudited statutory accounts for the year ended 28 November 2024

## Period of accounts

## Start date: 29 November 2023

## End date: 28 November 2024

# GRACE LIVE IN CARERS LTD

## Contents of the Financial Statements

for the Period Ended 28 November 2024

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# GRACE LIVE IN CARERS LTD

Directors' report period ended 28 November 2024

The directors present their report with the financial statements of the company for the period ended 28 November 2024

Principal activities of the company

Provision of domiciliary care and supported living services for children under 16.

Directors

The director shown below has held office during the whole of the period from
29 November 2023 to 28 November 2024

Alice Mhizha-Purchase

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
6 October 2025

And signed on behalf of the board by:
Name: Alice Mhizha-Purchase
Status: Director

# GRACE LIVE IN CARERS LTD

## Profit And Loss Account

for the Period Ended 28 November 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Turnover: | 6,775,541 | 5,612,352
Cost of sales: |  | ( 6,830 )
Gross profit(or loss): | 6,775,541 | 5,605,522
Administrative expenses: | ( 6,347,818 ) | ( 5,260,367 )
Other operating income: | 6,512 |
Operating profit(or loss): | 434,235 | 345,155
Interest payable and similar charges: | ( 80,056 ) |
Profit(or loss) before tax: | 354,179 | 345,155
Tax: | ( 33,867 ) | ( 58,500 )
Profit(or loss) for the financial year: | 320,312 | 286,655

# GRACE LIVE IN CARERS LTD

## Balance sheet

As at 28 November 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 146,786 | 15,427
Investments: | 4 | 31,330 |
Total fixed assets: |  | 178,116 | 15,427
Current assets
Debtors: | 5 | 272,153 | 622,243
Cash at bank and in hand: |  | 1,424 | 13,846
Total current assets: |  | 273,577 | 636,089
Creditors: amounts falling due within one year: | 6 | ( 860,696 ) | ( 352,140 )
Net current assets (liabilities): |  | (587,119) | 283,949
Total assets less current liabilities: |  | (409,003) | 299,376
Creditors: amounts falling due after more than one year: | 7 | ( 259,581 ) |
Total net assets (liabilities): |  | (668,584) | 299,376
Capital and reserves
Called up share capital: |  | 2 | 2
Profit and loss account: |  | (668,586 ) | 299,374
Total Shareholders' funds: |  | ( 668,584 ) | 299,376

The notes form part of these financial statements

# GRACE LIVE IN CARERS LTD

## Balance sheet statements

For the year ending 28 November 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 6 October 2025
and signed on behalf of the board by:

Name: Alice Mhizha-Purchase
Status: Director

The notes form part of these financial statements

# GRACE LIVE IN CARERS LTD

## Notes to the Financial Statements

for the Period Ended 28 November 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Revenue represents amounts receivable for care services, net of discounts and VAT, which the company's services are exempt from. Revenue is recognised in the period when the services are rendered.

  Tangible fixed assets depreciation policy

  Tangible assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided on a straight-line basis to allocate the cost less estimated residual value over the useful lives of the assets as follows: Motor vehicles - 5 years Office equipment - 5 years Leasehold improvements - 10 years or lease term if shorter Freehold building (where applicable) - 20-30 years Assets are reviewed annually for impairment. Gains and losses on disposals are recognised in the profit and loss account.

  Intangible fixed assets amortisation policy

  Intangible assets (such as software) are recognised at cost and amortised on a straightline-line basis over their estimated useful lives, typically 3-5 years. They are reviewed for impairment annually.

# GRACE LIVE IN CARERS LTD

## Notes to the Financial Statements

for the Period Ended 28 November 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 210 | 150

# GRACE LIVE IN CARERS LTD

## Notes to the Financial Statements

for the Period Ended 28 November 2024

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 29 November 2023 |  | 2,548 |  | 6,086 | 24,541 | 33,175
Additions |  | 108,734 |  | 16,233 | 190,584 | 315,551
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 28 November 2024 |  | 111,282 |  | 22,319 | 215,125 | 348,726
Depreciation |  |  |  |  |  |
At 29 November 2023 |  | 1,824 |  | 4,883 | 11,041 | 17,748
Charge for year |  | 62,511 |  | 12,082 | 109,599 | 184,192
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 28 November 2024 |  | 64,335 |  | 16,965 | 120,640 | 201,940
Net book value |  |  |  |  |  |
At 28 November 2024 |  | 46,947 |  | 5,354 | 94,485 | 146,786
At 28 November 2023 |  | 724 |  | 1,203 | 13,500 | 15,427

# GRACE LIVE IN CARERS LTD

## Notes to the Financial Statements

for the Period Ended 28 November 2024

## 4. Fixed assets investments note

Margate Investment property

# GRACE LIVE IN CARERS LTD

## Notes to the Financial Statements

for the Period Ended 28 November 2024

## 5. Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 262,713 | 622,243
Other debtors | 9,440 |
Total | 272,153 | 622,243

# GRACE LIVE IN CARERS LTD

## Notes to the Financial Statements

for the Period Ended 28 November 2024

## 6. Creditors: amounts falling due within one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Bank loans and overdrafts | 14,137 |
Trade creditors | 70,590 | 352,140
Accruals and deferred income | 231,559 |
Other creditors | 544,410 |
Total | 860,696 | 352,140

# GRACE LIVE IN CARERS LTD

## Notes to the Financial Statements

for the Period Ended 28 November 2024

## 7. Creditors: amounts falling due after more than one year note

| 2024
--- | ---
| £
Amounts due under finance leases and hire purchase contracts | 56,915 |
Other creditors | 202,666 |
Total | 259,581