Always Take Care Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07151353 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Always Take Care Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

H L Gebbie

B J Hayward

D Hayward

REGISTERED OFFICE:

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

REGISTERED NUMBER:

07151353 (England and Wales)

ACCOUNTANTS:

Brayshaw Morey

Certified Public Accountants

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

64,496

32,697

64,496

32,697

CURRENT ASSETS

Debtors

7

334,771

313,737

Cash at bank and in hand

176,594

199,146

511,365

512,883

CREDITORS

Amounts falling due within one year

8

306,639

312,079

NET CURRENT ASSETS

204,726

200,804

TOTAL ASSETS LESS CURRENT LIABILITIES

269,222

233,501

PROVISIONS FOR LIABILITIES

-

6,213

NET ASSETS

269,222

227,288

CAPITAL AND RESERVES

Called up share capital

9

108

108

Retained earnings

10

269,114

227,180

SHAREHOLDERS' FUNDS

269,222

227,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 24 October 2023 and were signed on its behalf by:

H L Gebbie - Director

B J Hayward - Director

1.	STATUTORY INFORMATION

Always Take Care 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 2010, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2022 - 54 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

75,000

AMORTISATION

At 1 April 2022

and 31 March 2023

75,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

The company acquired the business as a result of Mrs H Gebbie incorporating her sole trader business on the 1 April 2010. The Goodwill was valued at £75,000 and is shown in the Intangible Fixed Assets of the company's balance sheet. The director considers this to be a fair market valuation.

6.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

Computer

& equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2022

15,092

92,643

24,810

132,545

Additions

2,130

75,742

2,890

80,762

Disposals

-

(58,058

)

-

(58,058

)

At 31 March 2023

17,222

110,327

27,700

155,249

DEPRECIATION

At 1 April 2022

14,577

62,722

22,549

99,848

Charge for year

1,027

20,128

2,656

23,811

Eliminated on disposal

-

(32,906

)

-

(32,906

)

At 31 March 2023

15,604

49,944

25,205

90,753

NET BOOK VALUE

At 31 March 2023

1,618

60,383

2,495

64,496

At 31 March 2022

515

29,921

2,261

32,697

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

84,997

67,308

Amounts owed by group undertakings

237,831

237,831

Other debtors

1,891

395

Deferred tax asset

107

-

Prepayments and accrued income

9,945

8,203

334,771

313,737

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

1,647

1,030

Tax

33,804

14,689

Social security and other taxes

44,517

40,660

Net salaries

297

-

Other creditors

4,304

2,359

Pension creditor

13,348

6,642

Directors' current accounts

100,053

117,357

Accruals and deferred income

77,162

97,046

Accrued expenses

31,507

32,296

306,639

312,079

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

A Ordinary

£1

100

100

4

B Ordinary

£1

4

4

4

C Ordinary

£1

4

4

108

108

10.

RESERVES

Retained

earnings

£

At 1 April 2022

227,180

Profit for the year

116,561

Dividends

(74,627

)

At 31 March 2023

269,114