Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-311484truefalse2022-04-01falseNo description of principal activity5755The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03331162 2022-04-01 2023-03-31 03331162 2021-04-01 2022-03-31 03331162 2023-03-31 03331162 2022-03-31 03331162 2021-04-01 03331162 1 2022-04-01 2023-03-31 03331162 d:Director1 2022-04-01 2023-03-31 03331162 c:Buildings c:ShortLeaseholdAssets 2022-04-01 2023-03-31 03331162 c:Buildings c:ShortLeaseholdAssets 2023-03-31 03331162 c:Buildings c:ShortLeaseholdAssets 2022-03-31 03331162 c:PlantMachinery 2022-04-01 2023-03-31 03331162 c:PlantMachinery 2023-03-31 03331162 c:PlantMachinery 2022-03-31 03331162 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03331162 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03331162 c:OfficeEquipment 2022-04-01 2023-03-31 03331162 c:OfficeEquipment 2023-03-31 03331162 c:OfficeEquipment 2022-03-31 03331162 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03331162 c:OfficeEquipment c:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03331162 c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03331162 c:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03331162 c:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 03331162 c:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 03331162 c:CurrentFinancialInstruments 2023-03-31 03331162 c:CurrentFinancialInstruments 2022-03-31 03331162 c:Non-currentFinancialInstruments 2023-03-31 03331162 c:Non-currentFinancialInstruments 2022-03-31 03331162 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 03331162 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 03331162 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 03331162 c:Non-currentFinancialInstruments c:AfterOneYear 2022-03-31 03331162 c:ShareCapital 2023-03-31 03331162 c:ShareCapital 2022-03-31 03331162 c:SharePremium 2023-03-31 03331162 c:SharePremium 2022-03-31 03331162 c:RetainedEarningsAccumulatedLosses 2023-03-31 03331162 c:RetainedEarningsAccumulatedLosses 2022-03-31 03331162 d:OrdinaryShareClass1 2022-04-01 2023-03-31 03331162 d:OrdinaryShareClass1 2023-03-31 03331162 d:FRS102 2022-04-01 2023-03-31 03331162 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03331162 d:FullAccounts 2022-04-01 2023-03-31 03331162 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03331162 c:WithinOneYear 2023-03-31 03331162 c:WithinOneYear 2022-03-31 03331162 c:BetweenOneFiveYears 2023-03-31 03331162 c:BetweenOneFiveYears 2022-03-31 03331162 2 2022-04-01 2023-03-31 03331162 6 2022-04-01 2023-03-31 03331162 c:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03331162 c:AcceleratedTaxDepreciationDeferredTax 2022-03-31 03331162 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2023-03-31 03331162 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03331162









LHM HEALTHCARE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
LHM HEALTHCARE LIMITED
REGISTERED NUMBER: 03331162

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
125,618
172,885

Current assets
  

Debtors: amounts falling due within one year
 6 
1,315,594
1,244,563

Cash at bank and in hand
  
1,075,124
752,557

  
2,390,718
1,997,120

Creditors: amounts falling due within one year
 7 
(166,125)
(199,359)

Net current assets
  
 
 
2,224,593
 
 
1,797,761

Total assets less current liabilities
  
2,350,211
1,970,646

Creditors: amounts falling due after more than one year
 8 
(4,070)
(8,511)

Provisions for liabilities
  

Deferred tax
  
(27,968)
(29,752)

Net assets
  
2,318,173
1,932,383


Capital and reserves
  

Called up share capital 
 10 
2,008
2,008

Share premium account
  
136,752
136,752

Profit and loss account
  
2,179,413
1,793,623

  
2,318,173
1,932,383


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
LHM HEALTHCARE LIMITED
REGISTERED NUMBER: 03331162
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 November 2023.




P J Sayers
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
LHM HEALTHCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

LHM Healthcare Limited ("the Company") is a private company limited by shares and incorporated in England & Wales. Its registered office is Whipps Cross Hospital Hyperbaric Unit, Whipps Cross Road, London, E11 1RG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
LHM HEALTHCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term.

 
2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of income and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

The Company makes contributions to certain employees' personal pension schemes.
The Company also operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plans are held separately from the Company in independently administered funds.

Page 4

 
LHM HEALTHCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Intangible assets

Intellectual property rights are stated at the amounts paid for the acquisition of the right of future income streams less amortisation. Amortisation is provided at rates calculated to write off the cost of intangible fixed assets over their expected useful lives on the following annual basis:
                            Patents                  -    10% straight line

Page 5

 
LHM HEALTHCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, provided on the following annual bases:

Leasehold improvements
-
20% straight line
Plant and machinery
-
20, 25 & 33.33% straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of income and retained earnings.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.15

Creditors

Short term creditors are measured at the transaction price.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
LHM HEALTHCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 57 (2022 - 55).


4.


Intangible assets




Intellectual property rights

£



Cost


At 1 April 2022
309,516



At 31 March 2023

309,516



Amortisation


At 1 April 2022
309,516



At 31 March 2023

309,516



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 7

 
LHM HEALTHCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Office equipment
Total

£
£
£
£



Cost


At 1 April 2022
289,033
1,566,451
145,380
2,000,864


Additions
-
-
656
656



At 31 March 2023

289,033
1,566,451
146,036
2,001,520



Depreciation


At 1 April 2022
259,878
1,424,395
143,706
1,827,979


Charge for the year on owned assets
1,484
39,225
1,796
42,505


Charge for the year on financed assets
-
5,418
-
5,418



At 31 March 2023

261,362
1,469,038
145,502
1,875,902



Net book value



At 31 March 2023
27,671
97,413
534
125,618



At 31 March 2022
29,155
142,056
1,674
172,885

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
5,418
10,836


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
380,185
380,185

Other debtors
933,220
864,378

Prepayments
2,189
-

1,315,594
1,244,563


Page 8

 
LHM HEALTHCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
46,111
-

Corporation tax
65,758
86,156

Other taxation and social security
7,336
7,740

Obligations under finance lease and hire purchase contracts
4,441
4,441

Other creditors
-
4,768

Accruals
42,479
96,254

166,125
199,359



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
4,070
8,511


Hire purchase contracts of £8,511 (2022 - £12,952) are secured on the assets to which they relate.


9.


Deferred taxation




2023
2022


£

£






At beginning of year
29,752
33,601


Charged to the Statement of income and retained earnings
(1,784)
(3,849)



At end of year
27,968
29,752

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
27,968
29,752


10.


Share capital

2023
2022
£
£
Page 9

 
LHM HEALTHCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.Share capital (continued)

Shares classified as equity

Allotted, called up and fully paid



2,008 Ordinary shares of £1 each
2,008
2,008


11.


Pension commitments

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the funds in respect of the year. The assets of the scheme are held separately from those of the Company in an independently administered fund. The Company also makes contributions to certain employees' personal pension schemes. The pension cost charge represents contributions payable by the Company to the funds and amounted to £132,313 (2022 - £12,516). The amount outstanding at the balance sheet date was £858 (2022 - £978).


12.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
959
1,335

Later than 1 year and not later than 5 years
-
1,001

959
2,336


13.


Transactions with directors

Directors' advances and credits, included within other debtors, during the year were as follows: 

2023
2022
£
£
Advances brought forward

693,396

526,099
 
Total advances in the year

236,799

337,655
 
Total credits in the year

(182,000)

(182,000)
 
Interest charged in the year

13,611

11,642
 
Advances carried forward
761,806

693,396
 

Interest is charged at the H M Revenue & Customs beneficial loan rate applicable on each transaction during the year. 

Page 10

 
LHM HEALTHCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

14.


Related party transactions

Included within other debtors is an amount of £761,806 owed by the directors (2022 - £693,396). 


15.


Post balance sheet events

The company has paid dividends of £311,301 post year end.

Page 11