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Registration number: 04193438

Prepared for the registrar

Alina Homecare Stevenage Ltd

Annual Report and Financial Statements

for the Year Ended 30 April 2024

 

Alina Homecare Stevenage Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 9

 

Alina Homecare Stevenage Ltd

Company Information

Directors

J R Deeley

F A Kee

J C Pickford

P J Steadman

Company secretary

P J Steadman

Registered office

Manor House
Church Street
Leatherhead
Surrey
KT22 8DN

Solicitors

Harrison Clark Rickerbys Limited
5 Deansway
Worcester
Worcestershire
WR1 2JG

Auditors

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

Alina Homecare Stevenage Ltd

(Registration number: 04193438)
Balance Sheet as at 30 April 2024

Note

2024
 £

(As restated)
2023
 £

Fixed assets

 

Tangible assets

5

2,029

1,244

Current assets

 

Debtors: Amounts falling due within one year

6

238,634

120,010

Debtors: Amounts falling due after more than one year

6

516,431

1,705,898

Cash at bank and in hand

 

187,573

124,422

 

942,638

1,950,330

Creditors: Amounts falling due within one year

7

(102,032)

(127,087)

Net current assets

 

840,606

1,823,243

Total assets less current liabilities

 

842,635

1,824,487

Creditors: Amounts falling due after more than one year

7

(790,783)

(407,197)

Net assets

 

51,852

1,417,290

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

51,752

1,417,190

Total equity

 

51,852

1,417,290

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 October 2024 and signed on its behalf by:
 


P J Steadman
Director

 

Alina Homecare Stevenage Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manor House
Church Street
Leatherhead
Surrey
KT22 8DN

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of Alina Care Holdings Limited.

The financial statements of Alina Care Holdings Limited may be obtained from Companies House.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Prior period adjustment

A prior year error has been identified in the calculation of accrued income. As a result of this change the prior year profit has increased by £6,112, additional accrued income of £7,546 has been recognised and an increase in the corporation tax liability of £1,434 has been recognised.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

Alina Homecare Stevenage Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

20% to 33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Alina Homecare Stevenage Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

Alina Homecare Stevenage Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was as follows:

Tax charged in the profit and loss account

2024
 £

(As restated)
2023
 £

Current taxation

UK corporation tax

10,000

36,564

UK corporation tax adjustment to prior periods

912

-

10,912

36,564

Deferred taxation

Arising from origination and reversal of timing differences

337

-

Tax expense in the profit and loss account

11,249

36,564

 

Deferred tax

Deferred tax assets and liabilities

2024

Asset
£

Difference between accumulated depreciation and amortisation and capital allowances

849

Other timing differences

317

1,166

2023

Asset
£

Difference between accumulated depreciation and amortisation and capital allowances

1,278

Other timing differences

225

1,503

 

Alina Homecare Stevenage Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

 

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 May 2023

-

8,813

8,813

Additions

540

1,232

1,772

Disposals

-

(3,257)

(3,257)

At 30 April 2024

540

6,788

7,328

Depreciation

At 1 May 2023

-

7,569

7,569

Charge for the year

135

852

987

Eliminated on disposal

-

(3,257)

(3,257)

At 30 April 2024

135

5,164

5,299

Carrying amount

At 30 April 2024

405

1,624

2,029

At 30 April 2023

-

1,244

1,244

 

6

Debtors

2024
 £

(As restated)
2023
 £

Trade debtors

150,037

32,480

Other debtors

82,929

80,945

Prepayments

4,502

5,082

Deferred tax assets

1,166

1,503

Amounts owed by group undertakings

516,431

1,705,898

 

755,065

1,825,908

Less non-current portion

(516,431)

(1,705,898)

Total current trade and other debtors

238,634

120,010

Details of non-current trade and other debtors

£516,431 (2023 - £1,705,898) of amounts owed by group undertakings is classified as non-current.

 

Alina Homecare Stevenage Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

 

7

Creditors

2024
 £

(As restated)
2023
 £

Due within one year

Trade creditors

3,071

3,054

Social security and other taxes

16,899

11,289

Outstanding defined contribution pension costs

2,958

2,214

Accrued expenses

63,286

69,582

Corporation tax liability

15,818

40,948

102,032

127,087

Due after one year

Amounts owed to group undertakings

790,783

407,197

 

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
 £

2023
 £

Not later than one year

20,340

20,340

Later than one year and not later than five years

25,338

44,070

 

45,678

64,410

 

9

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £14,959 (2023 - £12,159).

Contributions totalling £2,958 (2023 - £2,214) were payable to the scheme at the end of the year and are included in creditors.

 

10

Dividends

2024
 £

2023
 £

Dividends paid

1,565,000

-

 

11

Contingent liabilities

The company is bound by an intra-group cross guarantee in respect of bank debt with other members of the group, headed by its ultimate parent undertaking, Alina Care Holdings Limited. The amount guaranteed at 30 April 2024 is £7,500,000 (2023 - £10,000,000).

 

12

Parent and ultimate parent undertaking

The ultimate parent company is Alina Care Holdings Limited, incorporated in England and Wales.

 

Alina Homecare Stevenage Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

 

13

Disclosure under Section 444(5B) CA 2006 relating to the independent auditor's report

As permitted by Section 444 CA 2006, these accounts do not contain a copy of the company’s Profit and Loss account or a copy of the Directors’ Report. Accordingly, the Independent Auditors’ Report has also been omitted.

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 October 2024 was Joanne Hartness, who signed for and on behalf of Hazlewoods LLP.