REGISTERED NUMBER: 11908887 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CARE MORE RECRUITMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Hughes

Mr P Patel

Mrs K D Patel

REGISTERED OFFICE:

4 Tudor Court

Brighton Road

Sutton

Surrey

SM2 5AE

REGISTERED NUMBER:

11908887 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Horsham) Limited

Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

FIXED ASSETS

Tangible assets

3

2,945

3,927

CURRENT ASSETS

Debtors

4

245,900

461,465

Cash at bank

1,651

15,157

247,551

476,622

CREDITORS

Amounts falling due within one year

5

(271,331

)

(356,550

)

NET CURRENT (LIABILITIES)/ASSETS

(23,780

)

120,072

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,835

)

123,999

CREDITORS

Amounts falling due after more than one year

6

(274,694

)

(273,674

)

NET LIABILITIES

(295,529

)

(149,675

)

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

(295,633

)

(149,779

)

(295,529

)

(149,675

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

Mr P Patel - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 £.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant & Machinery 25% reducing balance basis

Fixtures & Fittings 25% reducing balance basis

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the time of approving the financial statements, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future.Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 12 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

1,260

7,125

8,385

DEPRECIATION

At 1 April 2024

551

3,907

4,458

Charge for year

177

805

982

At 31 March 2025

728

4,712

5,440

NET BOOK VALUE

At 31 March 2025

532

2,413

2,945

At 31 March 2024

709

3,218

3,927

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

149,539

236,297

Amounts owed by participating interests

37,064

60,117

Other debtors

27,846

1,595

Corporation tax debtor

-

34,607

Directors' current accounts

-

82,508

Prepayments and accrued income

31,451

46,341

245,900

461,465

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank and other lender loans

84,042

51,215

Trade creditors

43,189

114,233

Social security and other taxes

3,294

5,612

VAT

12,843

22,056

Other creditors

-

561

Invoice financing

124,048

158,573

Accruals and deferred income

3,915

4,300

271,331

356,550

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank and other loans 1-2 years

99,857

63,832

Bank and other loans 2-5 years

162,496

197,500

Bank and other loans > 5 years

12,341

12,342

274,694

273,674

Amounts falling due in more than five years:

Repayable by instalments

Bank and other loans > 5 years

12,341

12,342

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bounce Back Loan

14,651

21,666

Non-bank loan

110,881

127,725

125,532

149,391

The client has obtained a bounce back loan from a bank secured by the government guarantee.

A lender has a fixed and floating charge over the assets of the company.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr A Hughes

Balance outstanding at start of year

48,900

-

Amounts advanced

-

48,900

Amounts repaid

-

-

Amounts written off

(48,900

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

48,900

Mr P Patel

Balance outstanding at start of year

17,006

-

Amounts advanced

-

17,006

Amounts repaid

-

-

Amounts written off

(17,006

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

17,006

Mrs K D Patel

Balance outstanding at start of year

16,602

-

Amounts advanced

-

16,602

Amounts repaid

-

-

Amounts written off

(16,602

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

16,602