2022-12-01 11339938 2023-11-30 11339938 2022-12-01 2023-11-30 11339938 2022-11-30 11339938 2021-12-01 2022-11-30 11339938 uk-core:WithinOneYear 2022-11-30 11339938 uk-core:WithinOneYear 2023-11-30 11339938 uk-core:AfterOneYear 2022-11-30 11339938 uk-core:AfterOneYear 2023-11-30 11339938 uk-core:ShareCapital 2023-11-30 11339938 uk-core:ShareCapital 2022-11-30 11339938 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 11339938 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 11339938 uk-bus:Director1 2022-12-01 2023-11-30 11339938 uk-core:PlantMachinery 2022-12-01 2023-11-30 11339938 uk-core:MotorVehicles 2022-12-01 2023-11-30 11339938 uk-core:Goodwill 2022-11-30 11339938 uk-core:Goodwill 2023-11-30 11339938 uk-core:Goodwill 2022-12-01 2023-11-30 11339938 uk-core:MotorVehicles 2022-11-30 11339938 uk-core:PlantMachinery 2022-11-30 11339938 uk-core:PlantMachinery 2023-11-30 11339938 uk-core:MotorVehicles 2023-11-30 11339938 uk-core:WithinOneYear uk-core:Secured 2023-11-30 11339938 uk-core:WithinOneYear uk-core:Secured 2022-11-30 11339938 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2023-11-30 11339938 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2022-11-30 11339938 uk-core:AfterOneYear 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure 11339938 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11339938 uk-bus:FRS102 2022-12-01 2023-11-30 11339938 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 11339938 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
South Tyne Healthcare Limited
Registered Number:11339938
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
South Tyne Healthcare Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
11339938
As at 30 November 2023
South Tyne Healthcare Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
910,165
971,525
2
Property, plant and equipment
6,330
1,648
3
916,495
973,173
Current assets
Inventories
21,949
31,288
4
Trade and other receivables
293,335
275,665
5
81,885
Cash and cash equivalents
131,239
438,192
397,169
Trade and other payables: amounts falling due within one
year
(420,168)
(445,151)
6
(22,999)
(6,959)
Net current liabilities
Total assets less current liabilities
909,536
950,174
Trade and other payables: amounts falling due after more
than one year
(910,147)
(834,899)
7
74,637
Net assets
40,027
Capital and reserves
Called up share capital
2
2
Retained earnings
74,635
40,025
74,637
40,027
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 6
4
Registered Number :
11339938
For the year ended 30 November 2023
South Tyne Healthcare Limited
Statement of Financial Position Continued
Mr. G. Dobinson Director
These financial statements were approved and authorised for issue by the Board on 04 July 2024 and were signed by:
The notes form part of these financial statements
2 of 6
5
For the year ended 30 November 2023
South Tyne Healthcare Limited
Notes to the Financial Statements
Statutory Information
South Tyne Healthcare Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11339938.
Principal place of business:
47 Gaskell Avenue
South Shields
NE34 9TQ
Registered address:
10 Grange Terrace
Sunderland
SR2 7DF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Going Concern
The financial statements have been prepared on a going concern basis as the directors believe that no material
uncertainties exist. The directors have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements and have concluded that the company is
able to continue as a going concern.
Intangible assets
Goodwill represents the excess of the cost of aquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and assumulated impairment losses. Goodwill is consdiered to have a finite useful life and is amortised on a systematic basis over its expected useful life, which is 20 years. For the purpose of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently, when there is an indication that the unit may be impaired. If the receiverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. With regard to the treatment adopted, the financial statements depart from the specific requirements of the Companies Act to amortise over a definite period for the overriding purpose of giving a true and fair view.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Equipment
25% Straight line
3 of 6
6
For the year ended 30 November 2023
South Tyne Healthcare Limited
Notes to the Financial Statements Continued
33% Straight line
Motor Vehicles
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 December 2022
1,227,193
At 30 November 2023
1,227,193
Amortisation
At 01 December 2022
255,668
61,360
Charge for year
At 30 November 2023
317,028
Net book value
At 30 November 2023
910,165
At 30 November 2022
971,525
3. Property, plant and equipment
Total
Motor Vehicles
Plant and
Equipment
£
£
£
Cost or
valuation
At 01 December 2022
139,529
9,498
130,031
8,692
6,999
1,693
Additions
At 30 November 2023
131,724
16,497
148,221
Provision for depreciation and impairment
At 01 December 2022
137,881
9,498
128,383
Charge for year
4,010
2,333
1,677
At 30 November 2023
141,891
11,831
130,060
At 30 November 2023
Net book value
1,664
4,666
6,330
At 30 November 2022
1,648
-
1,648
4 of 6
7
For the year ended 30 November 2023
South Tyne Healthcare Limited
Notes to the Financial Statements Continued
4. Inventories
2022
2023
£
£
Stocks
31,288
21,949
5. Trade and other receivables
2022
2023
£
£
Trade debtors
148,845
135,231
Amounts owed by group undertakings and participating interests
100,826
133,389
Other debtors
25,994
24,715
293,335
275,665
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
119,022
119,022
Trade creditors
246,023
205,817
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
15,000
40,000
Taxation and social security
53,479
40,612
Other creditors
11,627
14,717
445,151
420,168
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
834,899
910,147
Analysis of creditors falling due after more than five years:
Payable by instalments
358,809
434,057
Loans are secured on the assets to which they relate.
8. Average number of persons employed
During the year the average number of employees were 14 (2022 : 13)
5 of 6
8
For the year ended 30 November 2023
South Tyne Healthcare Limited
Notes to the Financial Statements Continued
6 of 6