Yourcare (North West) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Yourcare (North West) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14213418 . The registered office is 64 St. Georges Park, Kirkham, Preston, PR4 2DZ.

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.

2.2. Turnover

Turnover represents amounts receivable for the provision of residential care services, principally to local authorities, and is stated net of discounts and all services are exempt for VAT purposes.

Revenue is recognised in the period in which the care services are provided. The company’s care arrangements represent the provision of services over the period during which a child is placed in the company’s care. Accordingly, revenue is recognised over time as those services are provided, by reference to the period of care delivered.

Fees are determined in accordance with the rates agreed with the relevant local authority or other placing body and are recognised for each period during which the relevant placement is provided. Where appropriate, revenue includes agreed additional amounts relating to the provision of care services.

Invoices are ordinarily raised monthly in respect of care services provided during that month. The timing of invoicing and settlement does not determine the timing of revenue recognition. Amounts relating to services provided before the reporting date which have not yet been invoiced are recognised as accrued income, whilst amounts invoiced in advance of the provision of services are recognised as deferred income.

2.3. 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:

Leasehold	2% straight line
Motor Vehicles	20% straight line
Fixtures & Fittings	10% straight line
Computer Equipment	33.3% straight line

2.4. 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.

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Yourcare (North West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

2.5. Taxation

The taxation 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 year, 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 year was: 65 (2025: 43)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 August 2025	2,852,641	181,091	136,895	23,221	3,193,848
Additions	1,093,441	130,129	32,767	11,663	1,268,000
Disposals	-	-	(190 )	-	(190 )

As at 31 July 2026	3,946,082	311,220	169,472	34,884	4,461,658

Depreciation
As at 1 August 2025	22,126	22,607	3,527	6,500	54,760
Provided during the period	74,604	50,842	15,919	11,926	153,291
Disposals	-	-	(2 )	-	(2 )

As at 31 July 2026	96,730	73,449	19,444	18,426	208,049

Net Book Value
As at 31 July 2026	3,849,352	237,771	150,028	16,458	4,253,609

As at 1 August 2025	2,830,515	158,484	133,368	16,721	3,139,088

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Yourcare (North West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	396,450	256,188
Other debtors	78,897	29,368

	475,347	285,556

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	39,346	9,523
Trade creditors	99,408	76,365
Bank loans and overdrafts	214,819	83,605
Other creditors	169,787	37,048
Taxation and social security	79,549	58,241

	602,909	264,782

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	116,364	60,397
Bank loans	3,498,872	2,637,809
Other creditors	544,455	501,850

	4,159,691	3,200,056

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	39,346	9,523
Later than one year and not later than five years	116,364	60,397

	155,710	69,920

	155,710	69,920

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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Yourcare (North West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

10. Other Commitments

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

	2026	2025
	£	£
Not later than one year	12,000	-
Later than one year and not later than five years	46,767	-

	58,767	-

These relate to the rental of a property used within the company's activities which is let through to June 2031.

11. Related Party Transactions

During the period the company had be loaned a significant amount by the company director. At commencement of the period this had stood at £504,270. During the period further amounts were credited to this loan of £468,529 with repayments having been made to the director of £328,344. As a result the total balance had increased to a credit of £644,455 at the end of the period. £100,000 of the loan being due within 12 months and £544,455 after more than 12 months. Of the total credit director’s loan balance the majority is interest free. However, £167,000 of the balance, being specific amounts introduced between October 2025 and January 2026, are subject to an interest charge at an annual rate of 15% payable monthly, in arrears, with the first payment having been on 30 April 2026. The loan amounts are shown within Other creditors in the notes to these accounts.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,253,609		3,139,088

			4,253,609		3,139,088
CURRENT ASSETS
Debtors	5	475,347		285,556
Cash at bank and in hand		134,664		104,339

		610,011		389,895
Creditors: Amounts Falling Due Within One Year	6	(602,909 )		(264,782 )

NET CURRENT ASSETS (LIABILITIES)			7,102		125,113

TOTAL ASSETS LESS CURRENT LIABILITIES			4,260,711		3,264,201

Creditors: Amounts Falling Due After More Than One Year	7		(4,159,691 )		(3,200,056 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(11,273 )		-

NET ASSETS			89,747		64,145

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			89,647		64,045

SHAREHOLDERS' FUNDS			89,747		64,145