Careconcepts (Staffordshire) Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 13256993 (England and Wales)

Financial Statements

for the Period 10 March 2021 to 30 June 2022

for

Careconcepts (Staffordshire) Ltd

Previously known as

Salutem Care Staffordshire Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

207,669

CURRENT ASSETS

Debtors

5

86,669

Cash at bank

72,279

158,948

CREDITORS

Amounts falling due within one year

6

97,074

NET CURRENT ASSETS

61,874

TOTAL ASSETS LESS CURRENT LIABILITIES

269,543

CREDITORS

Amounts falling due after more than one year

7

(61,560

)

PROVISIONS FOR LIABILITIES

(39,457

)

NET ASSETS

168,526

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

168,426

SHAREHOLDERS' FUNDS

168,526

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2023 and were signed on its behalf by:

Mr C Scarlett - Director

1.	STATUTORY INFORMATION

Careconcepts (Staffordshire) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13256993

Registered office:

Barn One Unit One

Somerford Business Court

Holmes Chapel Road

Congleton

Cheshire

CW12 4SN

The presentation currency of the financial statements is the Pound Sterling (£).

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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, and therefore the financial statements have been prepared on a going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 42 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

238,708

8,856

247,564

At 30 June 2022

238,708

8,856

247,564

DEPRECIATION

Charge for period

37,176

2,719

39,895

At 30 June 2022

37,176

2,719

39,895

NET BOOK VALUE

At 30 June 2022

201,532

6,137

207,669

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

71,007

Other debtors

15,662

86,669

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

5,734

Amounts owed to group undertakings

17,287

Taxation and social security

32,544

Other creditors

41,509

97,074

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Amounts owed to group undertakings

61,560

8.	SECURED DEBTS

On 23 June 2021, HSBC Bank PLC created a fixed and floating charge over all the assets of the company. This was satisfied 28 September 2022.

Shawbrook Bank Limited created a fixed and floating charge on 1 April 2021.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA (Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Thompson Wright Limited

10.	ULTIMATE CONTROLLING PARTY

The parent company is Careconcepts Limited, a company registered in England and Wales. Copies of the consolidated financial statements of the group, in which the company is included, are available from its registered office: Barn One, Unit One, Somerford Business Court, Holmes Chapel Road, Congleton, Cheshire, CW12 4SN.