Company Registration No. 07135763 (England and Wales)
Care Medical Limited
Unaudited accounts
for the year ended 31 March 2025
Care Medical Limited
Statement of financial position
as at 31 March 2025
Tangible assets
73,971
98,006
Cash at bank and in hand
33,410
25,132
Creditors: amounts falling due within one year
(118,217)
(103,897)
Net current liabilities
(63,808)
(62,200)
Total assets less current liabilities
10,163
35,806
Creditors: amounts falling due after more than one year
(8,448)
(32,594)
Called up share capital
1,000
1,000
Profit and loss account
715
2,212
Shareholders' funds
1,715
3,212
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 23 December 2025 and were signed on its behalf by
Dillon CHAN
Director
Company Registration No. 07135763
Care Medical Limited
Notes to the Accounts
for the year ended 31 March 2025
Care Medical Limited is a private company, limited by shares, registered in England and Wales, registration number 07135763. The registered office is The Ivy Clinic, 190 Kingston Road, Teddington, TW11 9JD.
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.
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.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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:
Land & buildings
25% reducing balance
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts have been prepared on the going concern basis due to the continued support of the director, and principle creditor, Mr D Chan.
Care Medical Limited
Notes to the Accounts
for the year ended 31 March 2025
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that:
1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax assets and liabilities are not discounted.
Inventories are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Judgments in applying accounting policies 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Care Medical Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
87,776
271,110
14,988
373,874
At 31 March 2025
87,776
271,110
15,685
374,571
At 1 April 2024
67,089
204,144
4,635
275,868
Charge for the year
5,172
16,710
2,850
24,732
At 31 March 2025
72,261
220,854
7,485
300,600
At 31 March 2025
15,515
50,256
8,200
73,971
At 31 March 2024
20,687
66,966
10,353
98,006
Finished goods
5,000
5,000
Amounts falling due within one year
Deferred tax asset
14,254
8,365
Accrued income and prepayments
1,006
2,460
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
24,457
19,355
Obligations under finance leases and hire purchase contracts
12,624
12,624
Trade creditors
28,296
31,920
Taxes and social security
38,408
32,439
Other creditors
5,849
7,559
Loans from directors
8,043
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Care Medical Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
4,039
16,663
Allotted, called up and fully paid:
510 Ordinary A of £1 each
510
510
490 Ordinary B of £1 each
490
490
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Average number of employees
During the year the average number of employees was 5 (2024: 7).