REGISTERED NUMBER: 11545719 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CARECROFT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Nair

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

11545719 (England and Wales)

ACCOUNTANTS:

Kothari & Associates Ltd

30 Oakington Avenue

Harrow

Middlesex

HA2 7JJ

FIXED ASSETS

Intangible assets

5

15,360

19,199

Tangible assets

6

37,137

12,719

52,497

31,918

CURRENT ASSETS

Debtors

7

84,998

88,384

Cash at bank and in hand

52,765

42,605

137,763

130,989

CREDITORS

Amounts falling due within one year

8

144,759

99,636

NET CURRENT (LIABILITIES)/ASSETS

(6,996

)

31,353

TOTAL ASSETS LESS CURRENT LIABILITIES

45,501

63,271

CREDITORS

Amounts falling due after more than one year

9

65,795

62,086

NET (LIABILITIES)/ASSETS

(20,294

)

1,185

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

(20,394

)

1,085

SHAREHOLDERS' FUNDS

(20,294

)

1,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 December 2025 and were signed by:

K Nair - Director

1.	STATUTORY INFORMATION

Carecroft Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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.

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 year end, the financial statements report negative balance sheet position. However, the company has the continued support of the director and the bank for the foreseeable future and therefore, financial statements have been prepared on the going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 64 ) .

5.	INTANGIBLE FIXED ASSETS

Patents and

licences

£

COST

At 1 January 2024

and 31 December 2024

38,394

AMORTISATION

At 1 January 2024

19,195

Amortisation for year

3,839

At 31 December 2024

23,034

NET BOOK VALUE

At 31 December 2024

15,360

At 31 December 2023

19,199

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

18,005

-

6,969

24,974

Additions

14,896

13,990

3,943

32,829

At 31 December 2024

32,901

13,990

10,912

57,803

DEPRECIATION

At 1 January 2024

8,595

-

3,660

12,255

Charge for year

4,861

2,099

1,451

8,411

At 31 December 2024

13,456

2,099

5,111

20,666

NET BOOK VALUE

At 31 December 2024

19,445

11,891

5,801

37,137

At 31 December 2023

9,410

-

3,309

12,719

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

22,745

46,235

Amounts owed by participating interests

58,036

14,036

Other debtors

-

5,000

Accrued income

4,217

22,157

Prepayments

-

956

84,998

88,384

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts (see note 10)

34,500

14,780

Tax

1,030

5,863

Social security and other taxes

68,994

46,049

Other creditors

2,064

1,908

Hire purchase/Finance lease

12,123

-

Directors' current accounts

388

525

Accrued expenses

25,660

30,511

144,759

99,636

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans (see note 10)

65,795

62,086

10.

LOANS

An analysis of the maturity of loans is given below:

31/12/24

31/12/23

£

£

Amounts falling due within one year or on demand:

Bank loans

34,500

14,780

Amounts falling due between two and five years:

Bank loans - 2-5 years

65,795

62,086

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

£

Within one year

76,000

73,000

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

95

Ordinary

1

95

95

5

Ordinary

1

5

5

100

100

13.

RESERVES

Retained

earnings

£

At 1 January 2024

1,085

Deficit for the year

(21,479

)

At 31 December 2024

(20,394

)

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year ended 31 December 2024, the company owed the director £388 (2023 : £525).

15.	RELATED PARTY DISCLOSURES

At the year ended 31 December 2024, the company was due £58,036 (2023 : £14,036) from North London Ultrasound Ltd, a company in which the director has majority beneficial interest.

16.	ULTIMATE CONTROLLING PARTY

The controlling party is K Nair.

The ultimate controlling party is K Nair.

The ultimate controlling party is the director of the company, by virtue of owning majority shareholding in the company.