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REGISTERED NUMBER: 13601987 (England and Wales)















Fylde Care Group Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Fylde Care Group Limited (Registered number: 13601987)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fylde Care Group Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: SJ Bellamy
J Bellamy





REGISTERED OFFICE: Seafield 101 Breck Road
Poulton-Le-Fylde
Lancashire
FY6 7HJ





REGISTERED NUMBER: 13601987 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Fylde Care Group Limited (Registered number: 13601987)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 351,891 394,492
Tangible assets 5 2,637,180 2,568,851
2,989,071 2,963,343

CURRENT ASSETS
Debtors 6 48,872 55,744
Cash at bank 120,014 122,927
168,886 178,671
CREDITORS
Amounts falling due within one year 7 325,516 262,908
NET CURRENT LIABILITIES (156,630 ) (84,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,832,441

2,879,106

CREDITORS
Amounts falling due after more than one
year

8

(2,576,240

)

(2,700,000

)

PROVISIONS FOR LIABILITIES 10 (46,664 ) (36,830 )
NET ASSETS 209,537 142,276

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 209,535 142,274
SHAREHOLDERS' FUNDS 209,537 142,276

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Fylde Care Group Limited (Registered number: 13601987)

Balance Sheet - continued
31 December 2023


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 March 2024 and were signed on its behalf by:





SJ Bellamy - Director


Fylde Care Group Limited (Registered number: 13601987)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Fylde Care Group 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1.

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 2022, 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.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

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 - 20% on reducing balance

Freehold land is not depreciated. No depreciation is provided on the company's freehold and long leasehold buildings as the directors consider that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, overdrafts, loans and funding, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.


Fylde Care Group Limited (Registered number: 13601987)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 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.

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 98 (2022 - 94 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 419,999 6,010 426,009
AMORTISATION
At 1 January 2023 30,917 600 31,517
Charge for year 42,001 600 42,601
At 31 December 2023 72,918 1,200 74,118
NET BOOK VALUE
At 31 December 2023 347,081 4,810 351,891
At 31 December 2022 389,082 5,410 394,492

Fylde Care Group Limited (Registered number: 13601987)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
COST
At 1 January 2023 2,414,544 153,401 17,990 2,585,935
Additions 35,980 55,187 6,922 98,089
At 31 December 2023 2,450,524 208,588 24,912 2,684,024
DEPRECIATION
At 1 January 2023 - 15,557 1,527 17,084
Charge for year - 25,839 3,921 29,760
At 31 December 2023 - 41,396 5,448 46,844
NET BOOK VALUE
At 31 December 2023 2,450,524 167,192 19,464 2,637,180
At 31 December 2022 2,414,544 137,844 16,463 2,568,851

The company's land and buildings are subject to a mortgage charge in favour of the company's bank,

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 23,096 35,427
Prepayments and accrued income 25,776 20,317
48,872 55,744

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 42,000 -
Payments on account 73,353 48,285
Trade creditors 95,079 75,529
Taxation and social security 57,034 28,953
Other creditors 58,050 110,141
325,516 262,908

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 576,240 -
Other creditors 2,000,000 2,700,000
2,576,240 2,700,000

Fylde Care Group Limited (Registered number: 13601987)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 408,240 -

The directors loan account is unsecured and interest free.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 618,240 -

The bank loans are secured on the assets of the company. Interest is payable at normal commercial rates.

The directors have agreed with the company's bankers to maintain a loan balance of at least £2m and this will not be repaid in full or in part without the prior consent of the bank.

10. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax
Accelerated capital allowances 46,664 36,830

Deferred tax
£
Balance at 1 January 2023 36,830
Charge to Statement of Income and Retained Earnings during year 9,834
Balance at 31 December 2023 46,664

Deferred tax has been provided using a tax rate of 25%.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

12. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by the directors, Mr JA Bellamy and Mrs SJ Bellamy, by virtue of their shareholdings.