| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 23 OCTOBER 2024 |
| FOR |
| EXTRAFRIEND LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 23 OCTOBER 2024 |
| FOR |
| EXTRAFRIEND LIMITED |
| EXTRAFRIEND LIMITED (REGISTERED NUMBER: 03066550) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 23 OCTOBER 2024 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| EXTRAFRIEND LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 23 OCTOBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| t/a Sterling |
| Chartered Accountants |
| 505 Pinner Road |
| Harrow |
| Middlesex |
| HA2 6EH |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| EXTRAFRIEND LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Extrafriend Limited for the year ended 23 October 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Extrafriend Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Extrafriend Limited and state those matters that we have agreed to state to the Board of Directors of Extrafriend Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Extrafriend Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Extrafriend Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Extrafriend Limited. You consider that Extrafriend Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Extrafriend Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| t/a Sterling |
| Chartered Accountants |
| 505 Pinner Road |
| Harrow |
| Middlesex |
| HA2 6EH |
| EXTRAFRIEND LIMITED (REGISTERED NUMBER: 03066550) |
| BALANCE SHEET |
| 23 OCTOBER 2024 |
| 2024 | 2023 |
| as restated |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 | ( |
) |
| PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| EXTRAFRIEND LIMITED (REGISTERED NUMBER: 03066550) |
| BALANCE SHEET - continued |
| 23 OCTOBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| EXTRAFRIEND LIMITED (REGISTERED NUMBER: 03066550) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 23 OCTOBER 2024 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Freehold land and buildings 2% straight line |
| Plant and equipment 25% straight line |
| Fixtures and fittings 25% straight line |
| Computer equipments 25% straight line |
| Motor vehicles 25% straight line |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| EXTRAFRIEND LIMITED (REGISTERED NUMBER: 03066550) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 23 OCTOBER 2024 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 24 October 2023 |
| Additions |
| At 23 October 2024 |
| DEPRECIATION |
| At 24 October 2023 |
| Charge for year |
| At 23 October 2024 |
| NET BOOK VALUE |
| At 23 October 2024 |
| At 23 October 2023 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 24 October 2023 |
| Additions |
| At 23 October 2024 |
| DEPRECIATION |
| At 24 October 2023 |
| Charge for year | ( |
) |
| At 23 October 2024 |
| NET BOOK VALUE |
| At 23 October 2024 |
| At 23 October 2023 |
| EXTRAFRIEND LIMITED (REGISTERED NUMBER: 03066550) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 23 OCTOBER 2024 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Prepayments and accrued income |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Finance leases |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Finance leases |
| 7. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Deferred tax | 10,205 | 39,700 |
| Deferred tax |
| £ |
| Balance at 24 October 2023 |
| Provided during year | ( |
) |
| Balance at 23 October 2024 |
| EXTRAFRIEND LIMITED (REGISTERED NUMBER: 03066550) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 23 OCTOBER 2024 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | as restated |
| £ | £ |
| 60 (2023 - 0) Ordinary A |
| shares of £1.00 each | 1 | 60 | 120 |
| 60 (2023 - 60) Ordinary B |
| shares of £1.00 each | 1 | 60 | - |
| 120 | 120 |
| 9. | OTHER FINANCIAL COMMITMENTS |
| The company is a cross guarantor in respect of group banking facilities held with West End Capital Finance Limited. At 23 October 2024, the total outstanding under these facilities was £2,000,000. |
| There are fixed and floating charges present over the company's freehold property and undertaking of the company. |
| 10. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of the exemption under FRS 102 Section 1A not to disclose transactions with wholly owned group undertakings. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by its parent company Engagewell Care Limited by virtue of their majority shareholding of the issued share capital. |
| The company's directors and close family are the ultimate controlling party, owning a majority shareholding in Engagewell Care Limited. |