Caring Alternatives Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03622578

Unaudited Financial Statements for the Year Ended 30 November 2020

for

Caring Alternatives Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L Taylor

Ms M J E Swanson

SECRETARY:

Ms M J E Swanson

REGISTERED OFFICE:

Hillcrest

Lower Elliott Street

Tyldesley

Manchester

M29 8JE

REGISTERED NUMBER:

03622578

ACCOUNTANTS:

Bloomfield's Accountants

Bloomfield Court

76 Factory Street West

Atherton

Manchester

Greater Manchester

M46 0EF

FIXED ASSETS

Intangible assets

4

-

16,700

Tangible assets

5

506,890

468,861

506,890

485,561

CURRENT ASSETS

Debtors

6

312,711

306,754

Cash at bank and in hand

151,706

34,254

464,417

341,008

CREDITORS

Amounts falling due within one year

7

150,541

131,017

NET CURRENT ASSETS

313,876

209,991

TOTAL ASSETS LESS CURRENT LIABILITIES

820,766

695,552

CREDITORS

Amounts falling due after more than one year

8

226,475

207,484

NET ASSETS

594,291

488,068

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation reserve

9

286,757

286,757

Retained earnings

297,534

191,311

SHAREHOLDERS' FUNDS

594,291

488,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 20 May 2022 and were signed on its behalf by:

Ms L Taylor - Director

1.	STATUTORY INFORMATION

Caring Alternatives Limited is a private company, limited by shares , registered in Not specified/Other. 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 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. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2019 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2019

and 30 November 2020

117,500

AMORTISATION

At 1 December 2019

100,800

Charge for year

16,700

At 30 November 2020

117,500

NET BOOK VALUE

At 30 November 2020

-

At 30 November 2019

16,700

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2019

575,000

325,591

900,591

Additions

-

55,764

55,764

At 30 November 2020

575,000

381,355

956,355

DEPRECIATION

At 1 December 2019

152,570

279,160

431,730

Charge for year

8,449

9,286

17,735

At 30 November 2020

161,019

288,446

449,465

NET BOOK VALUE

At 30 November 2020

413,981

92,909

506,890

At 30 November 2019

422,430

46,431

468,861

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade debtors

85,762

83,670

Amounts owed by associates

225,932

221,336

Other debtors

1,017

1,748

312,711

306,754

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Bank loans and overdrafts

62,425

62,425

Trade creditors

39,142

36,804

Taxation and social security

36,135

16,004

Other creditors

12,839

15,784

150,541

131,017

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.20

30.11.19

£

£

Bank loans

226,475

207,484

30.11.20

30.11.19

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

226,475

207,484

9.

RESERVES

Revaluatio

reserve

£

At 1 December 2019

and 30 November 2020

286,757