Care Outlook Ltd Company accounts

COMPANY REGISTRATION NUMBER: 05302971

CARE OUTLOOK LTD

FINANCIAL STATEMENTS

31 March 2025

CARE OUTLOOK LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	3

Independent auditor's report to the members	5

Statement of comprehensive income	9

Statement of financial position	10

Statement of changes in equity	11

Statement of cash flows	12

Notes to the financial statements	13

CARE OUTLOOK LTD

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr P Jerrari
	Mrs N Hamidi
	Ms S Thomas

Registered office	2-10 Laurel Grove
	London
	SE26 4JY

Auditor	UHY Hacker Young (S.E.) Limited
	Chartered accountants & statutory auditor
	168 Church Road
	Hove
	East Sussex
	BN3 2DL

CARE OUTLOOK LTD

STRATEGIC REPORT

YEAR ENDED 31 MARCH 2025

Review of business Care Outlook continues to be one of the UK's largest providers of Domiciliary and Extra care and a leading provider of technology-based care driving efficiency savings for NHS and Local Governments. During the year, the company consolidated activities and increased turnover by £4.9m (13%) to £41.7m (2023 by £10.3m (39%) to £36.8m). During this period of consolidation the company developed its complex care, reablement and private services resulting in considerable growth with turnover for subsequent 2025/26 financial year forecast to exceed £50m. Principal risks and uncertainties The management and operation are subject to several risks including the company's ability to recruit and retain experienced, skilled frontline staff, particularly sponsored who, due to their qualifications, move into NHS roles. This has been mitigated by manoeuvring the company into higher acuity care and reablement which offering career progression staff. Financial price risk on income from local authorities is an ongoing due to deficiencies in social care funding. This is mitigated by: i) working closely with Local Authorities and NHS partners throughout the UK to trial and develop innovative systems to reduce the cost of Care while improving customer outcomes which requires more qualified staff but leads to higher margins. ii) identifying and tendering for new contracts which spread risk and facilitate strategic growth into new geographical areas and/or specialisms which resulted in awards in Trafford, West Sussex and West Northamptonshire during the year.

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

Mr P Jerrari

Director

Registered office:

2-10 Laurel Grove

London

SE26 4JY

CARE OUTLOOK LTD

DIRECTORS' REPORT

YEAR ENDED 31 MARCH 2025

The directors present their report and the financial statements of the company for the year ended 31 March 2025 .

Principal activities

The principal activity of the company during the year was the provision ofdomiciliary and extra care services.

Directors

The directors who served the company during the year were as follows:

Mr P Jerrari
Mrs N Hamidi	(Appointed 27 December 2024)
Ms S Thomas	(Appointed 27 December 2024)

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Future developments

The company will continue to pursue a strategy of organic growth.

Employment of disabled persons

The company remains committed to developing a culture of inclusion and diversity. This includes its policy of recruitment and promotion on the basis of aptitude and ability without discrimination of any form. Management actively pursues the employment and retention of disabled people with particular focus on training, career development and promoting of disabled employees in order to play an active role in the development of the company.

Employee involvement

The company recognises the importance of good communication with its employees to ensure they feel valued and a part of the decision making process within their respective departments. To that end, management regularly visit the branches and information flow is maintained via newsletters and group emails.

Financial instruments

The company does not enter into any hedging instruments or financial instruments for speculative purposes. The company prepares regular forecasts of cashflow and liquidity for any additional funding requirements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

Mr P Jerrari

Director

Registered office:

2-10 Laurel Grove

London

SE26 4JY

CARE OUTLOOK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CARE OUTLOOK LTD

YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Care Outlook Ltd (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the Company and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the Company which were contrary to applicable laws and regulations including fraud and we considered the extent to which noncompliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to inflated revenue and profit. Audit procedures performed included: review of the financial statement disclosures to underlying supporting documentation, review of correspondence with and reports to the regulators, review of correspondence with legal advisors, enquiries of management and in so far as they related to the financial statements, and testing of journals and evaluating whether there was evidence of bias by the Directors that represented a risk of material misstatement due to fraud. There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: https: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

David Guest FCA

(Senior Statutory Auditor)

For and on behalf of

UHY Hacker Young (S.E.) Limited

Chartered accountants & statutory auditor

168 Church Road

Hove

East Sussex

BN3 2DL

23 December 2025

CARE OUTLOOK LTD

STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 MARCH 2025

		2025	2024
Note		£	£
Turnover	4	41,765,855	36,821,655

Cost of sales	31,687,574	27,740,334
	---------------	---------------
Gross profit	10,078,281	9,081,321

Administrative expenses		9,057,690	8,347,129
		---------------	-------------
Operating profit	5	1,020,591	734,192

Other interest receivable and similar income	9	40,274	85,713
Interest payable and similar expenses	10	44,163	65,079
		---------------	-------------
Profit before taxation		1,016,702	754,826

Tax on profit	11	255,013	187,938
		-------------	----------
Profit for the financial year and total comprehensive income		761,689	566,888
		-------------	----------

All the activities of the company are from continuing operations.

CARE OUTLOOK LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	13	24,000	25,500
Tangible assets	14	284,312	329,517
Investments	15	1	–
		----------	----------
		308,313	355,017

Current assets

Debtors	16	7,370,503	6,310,532
Cash at bank and in hand		235,903	112,137
		-------------	-------------
		7,606,406	6,422,669

Creditors: amounts falling due within one year	17	5,863,095		5,047,712
		-------------		-------------
Net current assets			1,743,311	1,374,957
			-------------	-------------
Total assets less current liabilities			2,051,624	1,729,974

Creditors: amounts falling due after more than one year	18		271,882	316,270

Provisions	20	20,156	15,807
		-------------	-------------
Net assets		1,759,586	1,397,897
		-------------	-------------

Capital and reserves

Called up share capital	23	100	100
Profit and loss account	24	1,759,486	1,397,797
		-------------	-------------
Shareholders funds		1,759,586	1,397,897
		-------------	-------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr P Jerrari

Director

Company registration number: 05302971

CARE OUTLOOK LTD

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 MARCH 2025

		Called up share capital	Profit and loss account	Total
		£	£	£
At 1 April 2023		100	1,230,909	1,231,009

Profit for the year			566,888	566,888
		----	-------------	-------------
Total comprehensive income for the year		–	566,888	566,888

Dividends paid and payable	12	–	( 400,000)	( 400,000)
		----	-------------	-------------
Total investments by and distributions to owners		–	( 400,000)	( 400,000)

At 31 March 2024		100	1,397,797	1,397,897

Profit for the year			761,689	761,689
		----	-------------	-------------
Total comprehensive income for the year		–	761,689	761,689

Dividends paid and payable	12	–	( 400,000)	( 400,000)
		----	----------	----------
Total investments by and distributions to owners		–	( 400,000)	( 400,000)

		----	-------------	-------------
At 31 March 2025		100	1,759,486	1,759,586
		----	-------------	-------------

CARE OUTLOOK LTD

STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	761,689	566,888

Adjustments for:
Depreciation of tangible assets	104,203	118,008
Amortisation of intangible assets	1,500	1,500
Other interest receivable and similar income	( 40,274)	( 85,713)
Interest payable and similar expenses	44,163	65,079
Tax on profit	255,013	187,938
Accrued expenses	355,500	307,029

Changes in:
Trade and other debtors	( 1,459,971)	( 1,295,780)
Trade and other creditors	280,239	391,208
	-------------	-------------
Cash generated from operations	302,062	256,157

Interest paid	( 44,163)	( 65,079)
Interest received	40,274	85,713
Tax (paid)/received	( 166,768)	425
	----------	----------
Net cash from operating activities	131,405	277,216
	----------	----------

Cash flows from investing activities

Purchase of tangible assets	( 113,253)	( 281,859)
Proceeds from sale of tangible assets	54,255	–
Acquisition of subsidiaries	( 1)	–
	----------	----------
Net cash used in investing activities	( 58,999)	( 281,859)
	----------	----------

Cash flows from financing activities

Proceeds from borrowings	35,242	( 156,965)
Proceeds from loans from group undertakings	1	–
Payments of finance lease liabilities	16,117	171,728
	----------	----------
Net cash from financing activities	51,360	14,763
	----------	----------

Net increase in cash and cash equivalents	123,766	10,120
Cash and cash equivalents at beginning of year	112,137	102,017
	----------	----------
Cash and cash equivalents at end of year	235,903	112,137
	----------	----------

CARE OUTLOOK LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2-10 Laurel Grove, London, SE26 4JY.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the creditors and on funding from other external sources. If the company were unable to continue in operational existence for the foreseeable future, adjustment would have to be made to reduce the balance sheet values of the assets to their recoverable amounts, and to provide for further liabilities that might arise.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Impairment of Assets An impairment provision is charged to reduce the carrying value of specific assets to the recoverable amount where impairment is considered to have occurred. Where the recoverable amount is greater than the carrying value no adjustment is made. The recoverable amount is the higher of the net realisable value and the value in use. Net realisable value is the amount at which an asset could be disposed of less any direct selling costs, and value in use is the present value of future cash flows obtainable as a result of the continued use of assets, including those resulting from an ultimate disposal.

Revenue recognition

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	5% straight line
Computer software	-	10 % straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	33 % reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Rendering of services	41,765,855	36,821,655
	---------------	---------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Amortisation of intangible assets	1,500	1,500
Depreciation of tangible assets	104,203	118,008
	----------	----------

6. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	40,000	38,220
	---------	---------

7. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	1,390	1,476
Administrative staff	151	193
Management staff	18	30
	-------	-------
	1,559	1,699
	-------	-------

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	33,290,446	29,987,211
Social security costs	3,083,875	2,460,235
Other pension costs	623,426	553,255
	---------------	---------------
	36,997,747	33,000,701
	---------------	---------------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	352,917	310,000
	----------	----------

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	289,167	310,000
	----------	----------

9. Other interest receivable and similar income

	2025	2024
	£	£
Interest on loans and receivables	40,274	85,713
	---------	---------

10. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	21,302	59,841
Interest on obligations under finance leases and hire purchase contracts	11,027	5,238
Other interest payable and similar charges	11,834	–
	---------	---------
	44,163	65,079
	---------	---------

11. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	250,664	172,131

Deferred tax:

Origination and reversal of timing differences	4,349	15,807
	----------	----------
Tax on profit	255,013	187,938
	----------	----------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	1,016,702	754,826
	-------------	----------
Profit on ordinary activities by rate of tax	254,176	188,707
Effect of expenses not deductible for tax purposes	464	192
Effect of capital allowances and depreciation	3,201	( 42,624)
Pension plan obligations	( 7,177)	25,856
Movement in deferred taxation	4,349	15,807
	-------------	----------
Tax on profit	255,013	187,938
	-------------	----------

12. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
	£	£
Dividends on equity shares	400,000	400,000
	----------	----------

13. Intangible assets

	Goodwill	Computer software	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	170,609	100,160	270,769
	----------	----------	----------
Amortisation
At 1 April 2024	145,109	100,160	245,269
Charge for the year	1,500	–	1,500
	----------	----------	----------
At 31 March 2025	146,609	100,160	246,769
	----------	----------	----------
Carrying amount
At 31 March 2025	24,000	–	24,000
	----------	----------	----------
At 31 March 2024	25,500	–	25,500
	----------	----------	----------

14. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	36,993	74,431	424,333	334,549	870,306
Additions	1,330	–	98,183	13,740	113,253
Disposals	–	–	( 78,833)	–	( 78,833)
	---------	---------	----------	----------	----------
At 31 March 2025	38,323	74,431	443,683	348,289	904,726
	---------	---------	----------	----------	----------
Depreciation
At 1 April 2024	21,175	50,724	223,842	245,048	540,789
Charge for the year	4,287	4,741	61,105	34,070	104,203
Disposals	–	–	( 24,578)	–	( 24,578)
	---------	---------	----------	----------	----------
At 31 March 2025	25,462	55,465	260,369	279,118	620,414
	---------	---------	----------	----------	----------
Carrying amount
At 31 March 2025	12,861	18,966	183,314	69,171	284,312
	---------	---------	----------	----------	----------
At 31 March 2024	15,818	23,707	200,491	89,501	329,517
	---------	---------	----------	----------	----------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 March 2025	170,476
	----------
At 31 March 2024	183,374
	----------

15. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024	–
Additions	1
	----
At 31 March 2025	1
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	1
	----
At 31 March 2024	–
	----

Subsidiaries, associates and other investments

On 4 July 2024 the company acquired 100% of Curat Care Ltd, a dormant subsidiary for a consideration of £1.

16. Debtors

	2025	2024
	£	£
Trade debtors	3,891,848	1,546,088
Amounts owed by group undertakings	696,183	931,475
Prepayments and accrued income	971,115	2,193,023
Other debtors	1,811,357	1,639,946
	-------------	-------------
	7,370,503	6,310,532
	-------------	-------------

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	50,796	50,796
Trade creditors	466,832	494,717
Amounts owed to group undertakings	1	–
Accruals and deferred income	1,886,809	1,531,309
Corporation tax	422,795	338,899
Social security and other taxes	880,365	895,085
Obligations under finance leases and hire purchase contracts	24,444	20,693
Director loan accounts	93,616	1,620
Other loans	1,246,554	937,559
Other creditors	790,883	777,034
	-------------	-------------
	5,863,095	5,047,712
	-------------	-------------

The loans are secured by a fixed and floating charge over all the assets of the business.

18. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	108,481	165,235
Obligations under finance leases and hire purchase contracts	163,401	151,035
	----------	----------
	271,882	316,270
	----------	----------

19. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	41,080	29,572
Later than 1 year and not later than 5 years	192,043	172,432
	----------	----------
	233,123	202,004
Less: future finance charges	( 45,278)	( 30,276)
	----------	----------
Present value of minimum lease payments	187,845	171,728
	----------	----------

20. Provisions

	Deferred tax (note 21)
	£
At 1 April 2024	15,807
Additions	4,349
	---------
At 31 March 2025	20,156
	---------

21. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 20)	20,156	15,807
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	67,824	70,651
Pension plan obligations	( 47,668)	( 54,844)
	---------	---------
	20,156	15,807
	---------	---------

22. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 623,426 (2024: £ 553,255 ).

23. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	99	99	99	99
Ordinary B shares of £ 1 each	1	1	1	1
	----	----	----	----
	100	100	100	100
	----	----	----	----

24. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

25. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	63,400	428,761
Later than 1 year and not later than 5 years	100,400	163,800
	----------	----------
	163,800	592,561
	----------	----------

26. Related party transactions

The company had the following related party transactions: Outlook Capital Ltd Outlook Capital Ltd is controlled by Ms N Jerrari and the sole director is Mr P Jerrari . At the year end Outlook Capital Ltd owed Care Outlook Ltd £340,920 (2024 - £327,093). Broxbourne Properties Ltd Broxbourne Properties Ltd is controlled by Mr P Jerrari . At the year end Care Outlook Ltd owed Broxbourne Properties Ltd £110,000 (2024 - £996). Mortlake Investments Ltd Mortlake Investments Ltd is controlled by Mr P Jerrari . At the year end Mortlake Investments Ltd owed Care Outlook Ltd £691,246 (2024 - £591,942). Independence & Empowerment Investments LLP Independence & Empowerment Investments LLP is controlled by Mr P Jerrari . At the year end Independence & Empowerment Investments LLP owed Care Outlook Ltd £99,307 (2024 - £204,997).

27. Controlling party

On 28 March 2024 the company became a subsidiary of Mortlake Holdings Ltd, a company registered in England and Wales. The registered office of this company is 2-10 Laurel Grove, London, SE26 4JY. The company is under the ultimate control of the director Mr P Jerrari .