Focus Care Wales Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Focus Care Wales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06383759 . The registered office is 151 Stanley Road, Bootle, Liverpool, Merseyside, L20 3DL.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit and loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements.

- Section 7 "Statement of Cash flows" : Presentaion of a statement of cash flow and related notes and disclosures;

- Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues"; Interest income/expenses and net gains/losses for each category of financial instrument; basis determiningfair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 "Share based Payment: Share based payment expenses charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share based payments, explanation of modifications to arrangements;

- Section 33 "Related Party Disclosures": Compensation for key management personnel.

The financial statements of the company are consolidated in the financial satements of Expect Ltd. These consolidated financial statements are available from its registered office , 151 Stanley Road, Bootle, Liverpool, L20 3DL.

2.2. Turnover

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

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% on reducing balance

2.4. Leasing and Hire Purchase Contracts

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

2.5. 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.

...CONTINUED

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Focus Care Wales Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

2.5. Taxation - continued

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 period, 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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Group relief

The financial statements have been prepared on the assumption that group relief will be used to facilitate the transfer of corporation tax losses between companies in the group. No compensation is made in repsect of any loss relief between companies.

2.8. Gif aid to charity

The company donates its taxable profits for the reporting period under the gift aid scheme, subject to there being sufficient reserves. These gift aid payments are recognised as distributions to owners of equity within retained earnings.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 17 (2023: 24)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 October 2023	20,278
Additions	840

As at 31 March 2025	21,118

Depreciation
As at 1 October 2023	17,749
Provided during the period	1,013

As at 31 March 2025	18,762

Net Book Value
As at 31 March 2025	2,356

As at 1 October 2023	2,529

5. Debtors

	31 March 2025	30 September 2023
	£	£
Due within one year
Trade debtors	109,442	135,680
Other debtors	131,040	63,430

	240,482	199,110

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Focus Care Wales Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 September 2023
	£	£
Trade creditors	1,761	389
Other creditors	26,244	37,874
Taxation and social security	13,012	11,526

	41,017	49,789

7. Share Capital

	31 March 2025	30 September 2023
	£	£
Allotted, Called up and fully paid	2	2

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 March 2025	30 September 2023
	£	£
Not later than one year	11,045	11,045
Later than one year and not later than five years	9,204	25,772

	20,249	36,817

9. Related Party Transactions

The company has taken advantage of the disclosure exemptions to which it is entitled regarding transactions with its parent as a 100% owned subsidiary company within the group.

10. Parent Company

Expect Ltd is the parent company of Focus Care Wales Limited, which draws up consolidated financial statements. The address of Expect Ltd's registered office and principal place of business is 151 Stanley Road, Bootle, Liverpool, Merseyside, L20 3DL.

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		31 March 2025		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,356		2,529

			2,356		2,529
CURRENT ASSETS
Debtors	5	240,482		199,110
Cash at bank and in hand		16,788		66,932

		257,270		266,042
Creditors: Amounts Falling Due Within One Year	6	(41,017 )		(49,789 )

NET CURRENT ASSETS (LIABILITIES)			216,253		216,253

TOTAL ASSETS LESS CURRENT LIABILITIES			218,609		218,782

NET ASSETS			218,609		218,782

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			218,607		218,780

SHAREHOLDERS' FUNDS			218,609		218,782