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REGISTERED NUMBER: 03892391 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

New Concept Care . Nursing . Training
Limited

New Concept Care . Nursing . Training
Limited (Registered number: 03892391)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Concept Care . Nursing . Training
Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs M Hiley
A J Luckett





SECRETARY: A J Luckett





REGISTERED OFFICE: 12 - 14 Beverley Road
Market Weighton
York
YO43 3JP





REGISTERED NUMBER: 03892391 (England and Wales)






New Concept Care . Nursing . Training
Limited (Registered number: 03892391)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 466,551 375,200
Tangible assets 5 800,457 465,425
1,267,008 840,625

CURRENT ASSETS
Debtors 6 941,720 761,446
Cash at bank and in hand 1,192,016 1,421,797
2,133,736 2,183,243
CREDITORS
Amounts falling due within one year 7 823,299 612,808
NET CURRENT ASSETS 1,310,437 1,570,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,577,445

2,411,060

CREDITORS
Amounts falling due after more than one
year

8

(123,296

)

(133,953

)

PROVISIONS FOR LIABILITIES (20,845 ) (19,370 )
NET ASSETS 2,433,304 2,257,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,433,204 2,257,637
SHAREHOLDERS' FUNDS 2,433,304 2,257,737

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

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

New Concept Care . Nursing . Training
Limited (Registered number: 03892391)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





Mrs M Hiley - Director


New Concept Care . Nursing . Training
Limited (Registered number: 03892391)

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

1. STATUTORY INFORMATION

New Concept Care . Nursing . Training 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 (£).


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 and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 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 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.

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.

New Concept Care . Nursing . Training
Limited (Registered number: 03892391)

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

2. ACCOUNTING POLICIES - continued

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 295 (2022 - 187 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022 469,000
Additions 209,605
At 31 October 2023 678,605
AMORTISATION
At 1 November 2022 93,800
Charge for year 118,254
At 31 October 2023 212,054
NET BOOK VALUE
At 31 October 2023 466,551
At 31 October 2022 375,200

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 365,397 92,003 270,814 286,741 1,014,955
Additions 353,285 - 17,821 19,350 390,456
Disposals - - - (5,991 ) (5,991 )
At 31 October 2023 718,682 92,003 288,635 300,100 1,399,420
DEPRECIATION
At 1 November 2022 44,036 85,827 215,196 204,471 549,530
Charge for year 11,371 5,187 15,573 23,052 55,183
Eliminated on disposal - - - (5,750 ) (5,750 )
At 31 October 2023 55,407 91,014 230,769 221,773 598,963
NET BOOK VALUE
At 31 October 2023 663,275 989 57,866 78,327 800,457
At 31 October 2022 321,361 6,176 55,618 82,270 465,425

New Concept Care . Nursing . Training
Limited (Registered number: 03892391)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 626,705 516,526
Other debtors 315,015 244,920
941,720 761,446

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 19,803 19,803
Trade creditors 30,202 67,698
Taxation and social security 223,375 168,627
Other creditors 549,919 356,680
823,299 612,808

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 123,296 133,953

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 44,085 54,742

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 143,099 153,756

Amounts due on the bank loan are secured against the company's freehold property.

10. ULTIMATE CONTROLLING PARTY

Mrs M Hiley is the ultimate controlling party as she owns 100% of the issued share capital of the company.