Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-12-312022-01-01falsethe provision of ambulance services and patient transport.215190falsetrue 06117418 2022-01-01 2022-12-31 06117418 2021-01-01 2021-12-31 06117418 2022-12-31 06117418 2021-12-31 06117418 c:Director6 2022-01-01 2022-12-31 06117418 d:PlantMachinery 2022-01-01 2022-12-31 06117418 d:PlantMachinery 2022-12-31 06117418 d:PlantMachinery 2021-12-31 06117418 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06117418 d:MotorVehicles 2022-01-01 2022-12-31 06117418 d:MotorVehicles 2022-12-31 06117418 d:MotorVehicles 2021-12-31 06117418 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06117418 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06117418 d:CurrentFinancialInstruments 2022-12-31 06117418 d:CurrentFinancialInstruments 2021-12-31 06117418 d:Non-currentFinancialInstruments 2022-12-31 06117418 d:Non-currentFinancialInstruments 2021-12-31 06117418 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06117418 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06117418 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06117418 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 06117418 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06117418 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 06117418 d:ShareCapital 2022-12-31 06117418 d:ShareCapital 2021-12-31 06117418 d:RetainedEarningsAccumulatedLosses 2022-12-31 06117418 d:RetainedEarningsAccumulatedLosses 2021-12-31 06117418 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06117418 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 06117418 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 06117418 d:TaxLossesCarry-forwardsDeferredTax 2021-12-31 06117418 c:FRS102 2022-01-01 2022-12-31 06117418 c:Audited 2022-01-01 2022-12-31 06117418 c:FullAccounts 2022-01-01 2022-12-31 06117418 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06117418 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 06117418 d:HirePurchaseContracts d:WithinOneYear 2021-12-31 06117418 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 06117418 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-12-31 06117418 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 06117418 2 2022-01-01 2022-12-31 06117418 4 2022-01-01 2022-12-31 06117418 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 06117418 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-12-31 iso4217:GBP xbrli:pure
Registered number: 06117418














AMBULNZ COMMUNITY PARTNERS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

 
AMBULNZ COMMUNITY PARTNERS LTD
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9


 
AMBULNZ COMMUNITY PARTNERS LTD
REGISTERED NUMBER:06117418

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

As restated
2022
Unaudited 2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,140,189
1,579,558

Current assets
  

Debtors: amounts falling due within one year
 5 
2,320,794
1,420,475

Cash at bank and in hand
  
364,800
637,463

Current liabilities
  
2,685,594
2,057,938

Creditors: amounts falling due within one year
 6 
(1,756,720)
(1,128,073)

Net current assets
  
 
 
928,874
 
 
929,865

Total assets less current liabilities
  
3,069,063
2,509,423

Creditors: amounts falling due after more than one year
 7 
(2,075,015)
(1,454,215)

Provisions for liabilities
  

Deferred tax
 10 
-
(55,971)

Net assets
  
994,048
999,237


Capital and reserves
  

Called up share capital 
  
3,060
3,060

Profit and loss account
  
990,988
996,177

  
994,048
999,237


Page 1

 
AMBULNZ COMMUNITY PARTNERS LTD
REGISTERED NUMBER:06117418
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

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 comprehensive income 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 by: 




A Burns
Director

Date: 17 April 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AMBULNZ COMMUNITY PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Ambulnz Community Partners Limited is a private limited liability company registered in England and Wales. Its registered office address and principal place of business is at 44 Broadway, Burrell House, Stratford, London, E15 1XH. 
The principal activity of the company during the year continued to be the provision of ambulance services and patient transport.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the turnover can be reliably measured. Turnover is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss 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.

 
2.5

Pensions

Defined contribution pension plan

The Company 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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
AMBULNZ COMMUNITY PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

Tax is recognised in profit or loss 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 reporting 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 reporting 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 reporting date.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

Page 4

 
AMBULNZ COMMUNITY PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance

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 profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 215 (2021 - 190).

Page 5

 
AMBULNZ COMMUNITY PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost 


At 1 January 2022
187,190
2,361,479
2,548,669


Additions
67,460
991,215
1,058,675



At 31 December 2022

254,650
3,352,694
3,607,344



Depreciation


At 1 January 2022
113,696
855,415
969,111


Charge for the year on owned assets
30,021
468,023
498,044



At 31 December 2022

143,717
1,323,438
1,467,155



Net book value



At 31 December 2022
110,933
2,029,256
2,140,189



At 31 December 2021
73,494
1,506,064
1,579,558

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


2022
2021
£
£



Motor vehicles
1,824,665
1,348,620


5.


Debtors

2022
2021
£
£


Trade debtors
1,621,684
1,148,475

Other debtors
494,330
176,792

Prepayments and accrued income
176,720
95,208

Deferred taxation
28,060
-

2,320,794
1,420,475


Page 6

 
AMBULNZ COMMUNITY PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
10,000
-

Trade creditors
259,754
168,742

Other taxation and social security
198,759
167,498

Obligations under finance lease and hire purchase contracts
504,032
286,620

Other creditors
519,754
403,014

Accruals and deferred income
264,421
102,199

1,756,720
1,128,073


Following the year end on 9 January 2023, a charge was registered giving Citibank a fixed and floating
charge over all company's assets secured against certain loans and other accommodations provided to
the group companies.


7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
24,172
44,166

Net obligations under finance leases and hire purchase contracts
973,937
852,265

Amounts owed to group undertakings
1,076,906
557,784

2,075,015
1,454,215



8.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
10,000
-

Amounts falling due 1-2 years

Bank loans
24,172
44,166



34,172
44,166


Page 7

 
AMBULNZ COMMUNITY PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
504,032
286,620

Between 1-5 years
973,937
852,265

1,477,969
1,138,885


10.


Deferred taxation




2022


£






At beginning of year
(55,971)


Charged to profit or loss
84,031



At end of year
28,060

The deferred taxation balance is made up as follows:

As restated
2022
2021
£
£


Accelerated capital allowances
(485,496)
(254,191)

Tax losses carried forward
513,556
198,220

28,060
(55,971)


11.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £25,678 (2021 - £33,276).
Contributions totalling £88,748 (2021 - 61,675) were payable to the fund at the reporting date and are included in other creditors.

Page 8

 
AMBULNZ COMMUNITY PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

12.


Controlling party

The immediate parent undertaking is Ambulnz UK Ltd, whose registered office address is 44 Broadway, Burrell House, Stratford, London, E15 1XH. The ultimate controlling party is DocGo Inc., a publicly listed company on the NASDAQ and whose registered address is 35 West, 35 Street, Floor 6, New York, NY 10001. DocGo is a US based healthcare company providing a range of medical services to public and the private customers across the USA and UK. The financial results can be found at DocGo.com.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 17 April 2024 by Hazel Young (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 9