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Consolidated Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Director's report |
4 |
Independent auditor's report to the members |
6 |
Consolidated statement of income and retained earnings |
10 |
Company statement of income and retained earnings |
11 |
Consolidated statement of financial position |
12 |
Company statement of financial position |
13 |
Consolidated statement of cash flows |
14 |
Notes to the consolidated financial statements |
15 |
|
Officers and Professional Advisers |
Director |
|
Registered office |
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|
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Auditor |
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Chartered Accountants & Statutory Auditor |
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91-97 Saltergate |
|
Chesterfield |
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Derbyshire |
|
S40 1LA |
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Bankers |
|
Deanery Road |
|
Bristol |
|
BS1 5AS |
|
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5 Church Street |
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Sheffield |
|
S1 1HF |
|
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Strategic Report |
|
|
Director |
|
|
Director's Report |
|
|
|
|
Director |
|
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Independent Auditor's Report to the Members of
|
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(Senior Statutory Auditor) |
For and on behalf of |
|
Chartered Accountants & Statutory Auditor |
91-97 Saltergate |
Chesterfield |
Derbyshire |
S40 1LA |
|
Consolidated Statement of Income and Retained Earnings |
2023 |
2022 |
||
Note |
£ |
£ |
|
Turnover |
4 |
|
|
Cost of sales |
|
|
------------- |
------------ |
|
Gross Profit |
|
|
Administrative expenses |
|
|
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Other operating income |
5 |
|
|
------------ |
------------ |
||
Operating Profit |
6 |
|
|
Exceptional items |
|
– |
|
Other interest receivable and similar income |
11 |
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Interest payable and similar expenses |
12 |
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|
------------ |
------------ |
||
Profit Before Taxation |
|
|
|
Tax on profit |
13 |
|
|
--------- |
--------- |
||
Profit for the Financial Year and Total Comprehensive Income |
|
|
|
--------- |
--------- |
||
Dividends paid and payable |
14 |
(
|
– |
Retained Earnings at the Start of the Year |
|
|
------------ |
------------ |
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Retained Earnings at the End of the Year |
|
|
------------ |
------------ |
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|
Company Statement of Income and Retained Earnings |
2023 |
2022 |
||
Note |
£ |
£ |
|
Profit for the financial year and total comprehensive income |
|
(
|
|
Dividends paid and payable |
14 |
(
|
– |
Retained Losses at the Start of the Year |
(
|
– |
-------- |
------- |
|
Retained Earnings/(Losses) at the End of the Year |
|
(
|
-------- |
------- |
|
|
Consolidated Statement of Financial Position |
2023 |
2022 |
||
Note |
£ |
£ |
|
Intangible assets |
15 |
|
|
|
Tangible assets |
16 |
|
|
|
Investments |
17 |
– |
|
|
------------- |
------------- |
|||
|
|
|||
Stocks |
18 |
|
|
|
Debtors |
19 |
|
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Cash at bank and in hand |
|
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------------ |
------------ |
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|
|||
Creditors: amounts falling due within one year |
20 |
|
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|
------------ |
------------ |
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Net Current Assets |
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------------- |
------------- |
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Total Assets Less Current Liabilities |
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Creditors: amounts falling due after more than one year |
21 |
|
|
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Provisions |
22 |
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------------- |
------------- |
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Net Assets |
|
|
||
------------- |
------------- |
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Called up share capital |
25 |
|
|
|
Other reserves, including the fair value reserve |
26 |
(
|
(
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|
Profit and loss account |
26 |
|
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|
------------ |
------------ |
|||
Shareholders Funds |
|
|
||
------------ |
------------ |
|||
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|
Director |
|
|
Company Statement of Financial Position |
2023 |
2022 |
||
Note |
£ |
£ |
|
Investments |
17 |
|
|
|
Debtors |
19 |
|
– |
|
Cash at bank and in hand |
|
|
||
--------- |
---- |
|||
|
|
|||
Creditors: amounts falling due within one year |
20 |
|
|
|
--------- |
------- |
|||
Net Current Assets/(Liabilities) |
|
(
|
||
---- |
------- |
|||
Total Assets Less Current Liabilities |
|
(
|
||
---- |
------- |
|||
Net Assets/(Liabilities) |
|
(
|
||
---- |
------- |
|||
Called up share capital |
25 |
|
|
|
Profit and loss account |
26 |
|
(
|
|
---- |
------- |
|||
Shareholders Funds/(Deficit) |
|
(
|
||
---- |
------- |
|||
|
|
Director |
|
|
Consolidated Statement of Cash Flows |
2023 |
2022 |
|
£ |
£ |
|
Profit for the financial year |
|
|
Adjustments for: |
||
Depreciation of tangible assets |
137,742 |
162,230 |
Amortisation of intangible assets |
|
|
Other interest receivable and similar income |
(
|
(
|
Interest payable and similar expenses |
|
|
Loss on disposal of tangible assets |
|
|
Loss on disposal of intangible assets |
– |
|
Loss on disposal of subsidiaries |
|
– |
Tax on profit/(loss) |
|
|
Changes in: |
||
Trade and other debtors |
(
|
(
|
Trade and other creditors |
|
|
--------- |
------------ |
|
Cash generated from operations |
|
|
Interest paid |
(
|
(
|
Interest received |
|
|
Tax received/(paid) |
|
(
|
--------- |
------------ |
|
Net cash from operating activities |
|
|
--------- |
------------ |
|
Purchase of tangible assets |
(
|
(
|
Proceeds from sale of tangible assets |
– |
|
Purchase of intangible assets |
– |
(
|
--------- |
------------ |
|
Net cash used in investing activities |
(
|
(
|
--------- |
------------ |
|
Repayments of borrowings |
(
|
(
|
Payments of finance lease liabilities |
– |
(
|
Dividends paid |
(
|
– |
Increase/(decrease) in director's loan account |
724,939 |
(542,922)
|
Increase/(decrease) in related party balances |
(
|
(
|
--------- |
------------ |
|
Net cash used in financing activities |
(
|
(
|
--------- |
------------ |
|
Net Decrease in Cash and Cash Equivalents |
(
|
(
|
Cash and Cash Equivalents at Beginning of Year |
830,576 |
1,449,535 |
--------- |
------------ |
|
Cash and Cash Equivalents at End of Year |
|
|
--------- |
------------ |
|
|
Notes to the Consolidated Financial Statements |
Goodwill |
- |
|
|
Other intangible assets |
- |
|
|
Long leasehold property |
- |
|
|
Fixtures and fittings |
- |
|
|
Motor vehicles |
- |
|
|
2023 |
2022 |
|
£ |
£ |
|
Rendering of services |
|
|
------------- |
------------ |
|
2023 | 2022 | ||
£ | £ | ||
Coronavirus grant income | 291 | 198,788 | |
---- | --------- | ||
2023 |
2022 |
|
£ |
£ |
|
Amortisation of intangible assets |
|
|
Depreciation of tangible assets |
|
|
Loss on disposal of tangible assets |
|
|
Loss on disposal of intangible assets |
– |
|
Loss on disposal of subsidiaries |
|
– |
Impairment of trade debtors |
– |
55,376 |
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Fees payable for the audit of the consolidated financial statements |
|
|
-------- |
-------- |
|
2023 |
2022 |
|
No. |
No. |
|
Nursing and administration staff (including directors) |
|
|
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Other pension costs |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Remuneration |
|
|
Company contributions to defined contribution pension plans |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2023 |
2022 |
|
No. |
No. |
|
Defined contribution plans |
|
|
---- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Exceptional items |
200
|
– |
200
|
– |
---- |
---- |
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Interest on cash and cash equivalents |
|
|
Other interest receivable and similar income |
– |
|
---- |
---- |
|
|
|
|
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Interest on banks loans and overdrafts |
|
|
Other interest payable and similar charges |
|
– |
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
UK current tax income |
|
|
Adjustments in respect of prior periods |
(
|
(
|
--------- |
--------- |
|
Total current tax |
|
|
--------- |
--------- |
|
Origination and reversal of timing differences |
|
|
--------- |
-------- |
|
Tax on profit/(loss) |
|
|
--------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
--------- |
--------- |
|
Profit on ordinary activities by rate of tax |
|
|
Adjustment to tax charge in respect of prior periods |
(
|
(
|
Effect of expenses not deductible for tax purposes |
|
|
Effect of capital allowances and depreciation |
|
|
Deferred tax movement |
|
|
--------- |
--------- |
|
Tax on profit/(loss) |
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
|
– |
-------- |
---- |
|
Group |
Goodwill |
Other intangible assets |
Total |
£ |
£ |
£ |
|
Cost |
|||
At 1 September 2022 and 31 August 2023 |
|
|
|
------------ |
-------- |
------------ |
|
Amortisation |
|||
At 1 September 2022 |
|
|
|
Charge for the year |
|
|
|
------------ |
-------- |
------------ |
|
At 31 August 2023 |
|
|
|
------------ |
-------- |
------------ |
|
Carrying amount |
|||
At 31 August 2023 |
– |
|
|
------------ |
-------- |
------------ |
|
At 31 August 2022 |
|
|
|
------------ |
-------- |
------------ |
|
Group |
Freehold property |
Long leasehold property |
Fixtures and fittings |
Motor vehicles |
Total |
£ |
£ |
£ |
£ |
£ |
|
Cost |
|||||
At 1 September 2022 |
|
|
|
|
|
Additions |
|
– |
|
– |
|
Disposals |
– |
– |
(
|
– |
(
|
------------- |
-------- |
------------ |
--------- |
------------- |
|
At 31 August 2023 |
|
|
|
|
|
------------- |
-------- |
------------ |
--------- |
------------- |
|
Depreciation |
|||||
At 1 September 2022 |
– |
|
|
|
|
Charge for the year |
– |
– |
|
|
|
Disposals |
– |
– |
(
|
– |
(
|
------------- |
-------- |
------------ |
--------- |
------------- |
|
At 31 August 2023 |
– |
|
|
|
|
------------- |
-------- |
------------ |
--------- |
------------- |
|
Carrying amount |
|||||
At 31 August 2023 |
|
– |
|
|
|
------------- |
-------- |
------------ |
--------- |
------------- |
|
At 31 August 2022 |
|
– |
|
|
|
------------- |
-------- |
------------ |
--------- |
------------- |
|
Group |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 September 2022 |
|
Disposals |
(
|
---- |
|
At 31 August 2023 |
– |
---- |
|
Impairment |
|
At 1 September 2022 and 31 August 2023 |
– |
---- |
|
Carrying amount |
|
At 31 August 2023 |
– |
---- |
|
At 31 August 2022 |
|
---- |
|
Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 September 2022 |
|
Disposals |
(
|
---- |
|
At 31 August 2023 |
|
---- |
|
Impairment |
|
At 1 September 2022 and 31 August 2023 |
– |
---- |
|
Carrying amount |
|
At 31 August 2023 |
|
---- |
|
At 31 August 2022 |
|
---- |
|
Registered office |
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
|||
|
91-97 Saltergate, Chesterfield, S40 1LA |
Ordinary |
100 |
|
91-97 Saltergate, Chesterfield, S40 1LA |
Ordinary |
100 |
|
Unit 4, Courtyard, 8 Market Place, Belper, DE56 1FZ |
Ordinary |
100 |
|
91-97 Saltergate, Chesterfield, S40 1LA |
Ordinary |
100 |
(dissolved 9 May 2023) |
|||
|
91-97 Saltergate, Chesterfield, S40 1LA |
Ordinary |
100 |
(dissolved 9 May 2023) |
|||
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Finished goods |
|
|
– |
– |
------- |
------- |
---- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Prepayments and accrued income |
|
|
– |
– |
Other debtors |
|
|
|
– |
------------ |
------------ |
--------- |
---- |
|
|
|
|
– |
|
------------ |
------------ |
--------- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
– |
– |
Trade creditors |
|
|
– |
– |
Amounts owed to group undertakings |
– |
– |
|
|
Accruals and deferred income |
|
|
|
– |
Corporation tax |
|
|
– |
– |
Social security and other taxes |
|
|
– |
– |
Director loan accounts |
|
|
|
– |
Other creditors |
|
|
|
|
------------ |
------------ |
--------- |
------- |
|
|
|
|
|
|
------------ |
------------ |
--------- |
------- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
– |
– |
Director loan accounts |
|
|
– |
– |
------------ |
------------ |
---- |
---- |
|
|
|
– |
– |
|
------------ |
------------ |
---- |
---- |
|
Group |
Deferred tax (note 23) |
£ |
|
At 1 September 2022 |
|
Additions |
|
--------- |
|
At 31 August 2023 |
|
--------- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 22) |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
|
|
– |
– |
--------- |
--------- |
---- |
---- |
|
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
102 |
|
102 |
---- |
---- |
---- |
---- |
|
At 1 Sep 2022 |
Cash flows |
At 31 Aug 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(71,789) |
|
Debt due within one year |
(593,257) |
(150,331) |
(743,588) |
Debt due after one year |
(9,504,445) |
(277,292) |
(9,781,737) |
------------ |
--------- |
------------ |
|
(
|
(
|
(
|
|
------------ |
--------- |
------------ |
|
Group |
Company |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
– |
– |
Later than 1 year and not later than 5 years |
|
|
– |
– |
-------- |
-------- |
---- |
---- |
|
|
|
– |
– |
|
-------- |
-------- |
---- |
---- |
|
|
Notes to the Consolidated Financial Statements (continued) |
2023 | 2022 | ||
£ | £ | ||
Amounts owed by related parties | 1,111,228 | 100,388 | |