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REGISTERED NUMBER: 10162894 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Brighton Hearing Care Limited

Brighton Hearing Care Limited (Registered number: 10162894)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Brighton Hearing Care Limited (Registered number: 10162894)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible fixed assets 4 2,900 4,086
Investments 5 516 420
3,416 4,506

Current assets
Debtors 6 40,396 3,772
Cash at bank 488 2,835
40,884 6,607
Creditors: amounts falling due within
one year

7

140,619

78,390
Net current liabilities (99,735 ) (71,783 )
Total assets less current liabilities (96,319 ) (67,277 )

Creditors: amounts falling due after
more than one year

8

(13,113

)

(37,686

)

Provisions for liabilities (1,225 ) (776 )
Net liabilities (110,657 ) (105,739 )

Brighton Hearing Care Limited (Registered number: 10162894)

Balance Sheet - continued
31 May 2023

2023 2022
Notes £    £    £    £   
Capital and reserves
Called up share capital 10 100 100
Retained earnings (110,757 ) (105,839 )
Shareholders' funds (110,657 ) (105,739 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





A Ferrier - Director


Brighton Hearing Care Limited (Registered number: 10162894)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. Statutory information

Brighton Hearing Care Limited 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: 10162894

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 net of VAT and trade discounts.The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.This is usually on dispatch of the goods.

Rendering of services
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Brighton Hearing Care Limited (Registered number: 10162894)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line
Fixtures & fittings- 25% straight line
Plant & machinery- 25% straight line

Investments in subsidiaries
Investments in associate undertakings are recognised at cost and subsequently at cost less impairment.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 at the reporting date.

Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

3. Employees and directors

The average number of employees during the year was NIL (2022 - 2 ).

Brighton Hearing Care Limited (Registered number: 10162894)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 June 2022 1,394 884 8,178 10,456
Additions - - 1,181 1,181
At 31 May 2023 1,394 884 9,359 11,637
Depreciation
At 1 June 2022 313 416 5,641 6,370
Charge for year 349 221 1,797 2,367
At 31 May 2023 662 637 7,438 8,737
Net book value
At 31 May 2023 732 247 1,921 2,900
At 31 May 2022 1,081 468 2,537 4,086

5. Fixed asset investments
Shares in
group
undertakin
£   
Cost
At 1 June 2022 420
Additions 34,314
Impairments (34,218 )
At 31 May 2023 516
Net book value
At 31 May 2023 516
At 31 May 2022 420

Brighton Hearing Care Limited (Registered number: 10162894)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 35,249 155
Other debtors 5,147 3,617
40,396 3,772

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 17,574 18,825
Trade creditors 35,237 11,569
Amounts owed to group undertakings 61,965 7,173
Taxation and social security 7,844 12,745
Other creditors 17,999 28,078
140,619 78,390

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 13,113 37,686

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,503 46,877

The secured debts are secured by the assets to which they relate and personal guarantees from the directors.

Brighton Hearing Care Limited (Registered number: 10162894)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary A Shares £1 80 80
20 Ordinary B Shares £1 20 20
100 100

11. Off-balance sheet arrangements

At the year end the company had operating lease commitments of £24,463 (2022: £34,585).

12. Related party disclosures

At the year end, the company owed the directors £5,511 (2022: £9,616).