Frank Care Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Frank Care Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06846184 . The registered office is The Evergreens 2 Berkeley Road, Talbot Woods, Bournemouth, BH3 7JJ.

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 £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 8 years.

2.4. 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:

Freehold	not depreciated
Plant & Machinery	25% reducing balance
Computer Equipment	25% reducing balance

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Frank Care Ltd

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 31 July 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. 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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

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.

Classification of financial liabilities

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

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.

...CONTINUED

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Frank Care Ltd

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 31 July 2025

2.7. Financial Instruments - continued

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.

2.8. 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.

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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 44 (2024: 31)

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Frank Care Ltd

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 31 July 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	585,000

As at 31 July 2025	585,000

Amortisation
As at 1 April 2024	585,000

As at 31 July 2025	585,000

Net Book Value
As at 31 July 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	1,279,594	206,753	13,447	1,499,794
Additions	-	38,855	-	38,855

As at 31 July 2025	1,279,594	245,608	13,447	1,538,649

Depreciation
As at 1 April 2024	-	166,609	7,721	174,330
Provided during the period	-	20,773	1,432	22,205

As at 31 July 2025	-	187,382	9,153	196,535

Net Book Value
As at 31 July 2025	1,279,594	58,226	4,294	1,342,114

As at 1 April 2024	1,279,594	40,144	5,726	1,325,464

6. Stocks

	31 July 2025	31 March 2024
	£	£
Stock	5,950	9,800

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Frank Care Ltd

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 31 July 2025

7. Debtors

	31 July 2025	31 March 2024
	£	£
Due within one year
Trade debtors	-	10,132
Amounts owed by group undertakings	2,553,100	-
Amounts owed by participating interests	482	-
Other debtors	-	214,339

	2,553,582	224,471

8. Creditors: Amounts Falling Due Within One Year

	31 July 2025	31 March 2024
	£	£
Trade creditors	1	3,879
Bank loans and overdrafts	-	59,536
Other creditors	147,298	106,015
Taxation and social security	45,584	108,536

	192,883	277,966

9. Creditors: Amounts Falling Due After More Than One Year

	31 July 2025	31 March 2024
	£	£
Bank loans	2,592,000	348,322

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	31 July 2025		31 March 2024
	£		£
Bank loans	2,592,000		-

10. Share Capital

	31 July 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	96	96

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Frank Care Ltd

Notes to the Financial Statements (continued)

For the Period 1 April 2024 to 31 July 2025

11. Other Commitments

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

	31 July 2025	31 March 2024
	£	£
Not later than one year	-	378

	-	378

12. Dividends

	31 July 2025	31 March 2024
	£	£
On equity shares:
Interim dividend paid	129,000	164,001

13. Related Party Transactions

Included in other creditors is a balance of £57,986 (2024 : ) due to the director Mr Ammar Hult.

Group undertaking

Sunlite (London) Limited

Parent company

At the balance sheet date Sunlite (London) Limited owed (2,553,100) ( 2024: Nil ) to the company.

Related company

Nazareth Lodge Limited

At the balance sheet date Nazareth Lodge Limited owed (482) ( 2024 : Nil ) to the company.

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		31 July 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,342,114		1,325,464

			1,342,114		1,325,464
CURRENT ASSETS
Stocks	6	5,950		9,800
Debtors	7	2,553,582		224,471
Cash at bank and in hand		180,967		226,845

		2,740,499		461,116
Creditors: Amounts Falling Due Within One Year	8	(192,883 )		(277,966 )

NET CURRENT ASSETS (LIABILITIES)			2,547,616		183,150

TOTAL ASSETS LESS CURRENT LIABILITIES			3,889,730		1,508,614

Creditors: Amounts Falling Due After More Than One Year	9		(2,592,000 )		(348,322 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,630 )		(11,468 )

NET ASSETS			1,282,100		1,148,824

CAPITAL AND RESERVES
Called up share capital	10		96		96
Profit and Loss Account			1,282,004		1,148,728

SHAREHOLDERS' FUNDS			1,282,100		1,148,824