REGISTERED NUMBER: 04719023 (England and Wales)

COVERCARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D C Hockaday

SECRETARY:

Mrs S Hockaday

REGISTERED OFFICE:

Thornham Marina

Thornham Lane

Prinstead

Nr Emsworth

Hampshire

PO10 8DD

REGISTERED NUMBER:

04719023 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Hampshire

PO6 4TY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

14,819

6,278

14,819

6,278

CURRENT ASSETS

Stocks

3,200

3,355

Debtors

6

27,280

22,454

Cash at bank and in hand

13,288

4,368

43,768

30,177

CREDITORS

Amounts falling due within one year

7

40,798

34,668

NET CURRENT ASSETS/(LIABILITIES)

2,970

(4,491

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,789

1,787

CREDITORS

Amounts falling due after more than one year

8

(8,152

)

(250

)

PROVISIONS FOR LIABILITIES

11

(3,333

)

(1,198

)

NET ASSETS

6,304

339

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

6,204

239

SHAREHOLDERS' FUNDS

6,304

339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 14 September 2026 and were signed by:

D C Hockaday - Director

1.	STATUTORY INFORMATION

Covercare Limited 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net sales of goods provided in the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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 at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2025

and 30 April 2026

50,000

AMORTISATION

At 1 May 2025

and 30 April 2026

50,000

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2025

1,784

22,606

8,570

Additions

-

-

-

At 30 April 2026

1,784

22,606

8,570

DEPRECIATION

At 1 May 2025

678

20,486

7,124

Charge for year

36

424

290

At 30 April 2026

714

20,910

7,414

NET BOOK VALUE

At 30 April 2026

1,070

1,696

1,156

At 30 April 2025

1,106

2,120

1,446

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2025

11,495

3,639

48,094

Additions

12,995

-

12,995

At 30 April 2026

24,490

3,639

61,089

DEPRECIATION

At 1 May 2025

9,961

3,567

41,816

Charge for year

3,632

72

4,454

At 30 April 2026

13,593

3,639

46,270

NET BOOK VALUE

At 30 April 2026

10,897

-

14,819

At 30 April 2025

1,534

72

6,278

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

12,995

At 30 April 2026

12,995

DEPRECIATION

Charge for year

3,249

At 30 April 2026

3,249

NET BOOK VALUE

At 30 April 2026

9,746

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

£

Trade debtors

13,937

9,783

Other debtors

13,343

12,671

27,280

22,454

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

£

Hire purchase contracts (see note 9)

2,743

-

Trade creditors

14,740

8,987

Taxation and social security

13,911

16,609

Other creditors

9,404

9,072

40,798

34,668

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/26

30/4/25

£

£

Hire purchase contracts (see note 9)

8,152

-

Other creditors

-

250

8,152

250

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30/4/26

30/4/25

£

£

Gross obligations repayable:

Within one year

4,030

-

Between one and five years

9,414

-

13,444

-

Finance charges repayable:

Within one year

1,287

-

Between one and five years

1,262

-

2,549

-

Net obligations repayable:

Within one year

2,743

-

Between one and five years

8,152

-

10,895

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/26

30/4/25

£

£

Hire purchase contracts

10,895

-

11.	PROVISIONS FOR LIABILITIES

30/4/26

30/4/25

£

£

Deferred tax

3,333

1,198

Deferred

tax

£

Balance at 1 May 2025

1,198

Accelerated capital allowances

2,135

Balance at 30 April 2026

3,333

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/26

30/4/25

value:

£

£

100

Ordinary

£1

100

100

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2026 and 30 April 2025:

30/4/26

30/4/25

£

£

D C Hockaday

Balance outstanding at start of year

11,954

5,784

Amounts advanced

13,304

30,794

Amounts repaid

(12,624

)

(24,624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,634

11,954

14.	ULTIMATE CONTROLLING PARTY

The company is controlled equally by Mr and Mrs Hockaday.