Registered number
06039903
Complete Intacare Hygiene Limited
Filleted Accounts
31 October 2024
Complete Intacare Hygiene Limited
Registered number: 06039903
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 92,618 112,000
Tangible assets 4 83,128 84,470
175,746 196,470
Current assets
Stocks 1,056,074 1,142,235
Debtors 5 1,447,191 1,494,699
Cash at bank and in hand 184,699 191,844
2,687,964 2,828,778
Creditors: amounts falling due within one year 6 (1,274,090) (1,441,647)
Net current assets 1,413,874 1,387,131
Total assets less current liabilities 1,589,620 1,583,601
Provisions for liabilities (12,010) (21,118)
Net assets 1,577,610 1,562,483
Capital and reserves
Called up share capital 2,002 2,002
Profit and loss account 1,575,608 1,560,481
Shareholders' funds 1,577,610 1,562,483
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Still
Director
Approved by the board on 13 December 2024
Complete Intacare Hygiene Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Office equipment over 3 years
Leashold costs over length of lease
Factored debts
Separate presentation has been adopted due to the with recourse agreement. The gross asset (equivalent to the gross amount of the debts) as a debtor and a corresponding liabilty in respect of the proceeds received from the factor shown as a creditor. The interest element of the factor's charges and other financing costs are charged to the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 39 34
3 Intangible fixed assets £ £
Goodwill:
Cost
At 1 November 2023 391,912 391,912
Additions 19,000 19,000
At 31 October 2024 410,912 410,912
Amortisation
At 1 November 2023 279,912 279,912
Provided during the year 38,382 38,382
At 31 October 2024 318,294 318,294
Net book value
At 31 October 2024 92,618 92,618
At 31 October 2023 112,000 112,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Leasehold premises Plant and machinery etc Office equipment Total Total
£ £ £ £ £
Cost
At 1 November 2023 41,828 189,823 135,464 367,115
Additions - - 33,777 33,777
At 31 October 2024 41,828 189,823 169,241 400,892 -
Depreciation
At 1 November 2023 3,951 156,293 122,401 282,645
Charge for the year 2,789 24,739 7,591 35,119
At 31 October 2024 6,740 181,032 129,992 317,764 -
Net book value
At 31 October 2024 35,088 8,791 39,249 83,128
At 31 October 2023 37,877 33,530 13,063 84,470
5 Debtors 2024 2023
£ £
Trade debtors 1,361,899 1,493,172
Other debtors 85,292 1,527
1,447,191 1,494,699
Factored debts included in trade debtors 1,336,912 1,492,757
6 Creditors: amounts falling due within one year 2024 2023
£ £
Factoring loan 22,107 326,279
Trade creditors 888,304 777,045
Amount due to related party - 60,000
Taxation and social security costs 356,533 272,697
Other creditors 7,146 5,626
1,274,090 1,441,647
7 Loans-secured 2024 2023
£ £
Creditors include:
Factoring loan 22,107 326,279
The loan is secured on the trade debts of the company
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 4,220,312 4,693,914
9 Related party transactions
There is an amount from Hygeia Consortium Limited amounting to £nil (2022 due to- £5,515) which is considered to be a related party due to the relationships between common directors and shareholders.
10 Controlling party
I Logie is considered to be the controlling party by virtue of his directortship and shareholding
11 Other information
Complete Intacare Hygiene Limited is a private company limited by shares and incorporated in England. Its registered office is:
Chapman House Thamesview
130 Business Park Fettiman Road
Canvey Island
Essex
SS8 0EQ
Complete Intacare Hygiene Limited 06039903 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2024 K Still No description of principal activity 06039903 2022-11-01 2023-10-31 06039903 core:WithinOneYear 2023-10-31 06039903 core:ShareCapital 2023-10-31 06039903 core:RetainedEarningsAccumulatedLosses 2023-10-31 06039903 core:AfterOneYear 2023-10-31 06039903 core:AllPeriods 2023-10-31 06039903 2023-11-01 2024-10-31 06039903 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06039903 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 06039903 bus:Director40 2023-11-01 2024-10-31 06039903 1 2023-11-01 2024-10-31 06039903 2 2023-11-01 2024-10-31 06039903 core:Goodwill 2023-11-01 2024-10-31 06039903 core:LandBuildings 2023-11-01 2024-10-31 06039903 core:PlantMachinery 2023-11-01 2024-10-31 06039903 core:Vehicles 2023-11-01 2024-10-31 06039903 countries:England 2023-11-01 2024-10-31 06039903 bus:FRS102 2023-11-01 2024-10-31 06039903 bus:FilletedAccounts 2023-11-01 2024-10-31 06039903 2024-10-31 06039903 core:WithinOneYear 2024-10-31 06039903 core:ShareCapital 2024-10-31 06039903 core:RetainedEarningsAccumulatedLosses 2024-10-31 06039903 core:Goodwill 2024-10-31 06039903 core:LandBuildings 2024-10-31 06039903 core:PlantMachinery 2024-10-31 06039903 core:Vehicles 2024-10-31 06039903 core:AfterOneYear 2024-10-31 06039903 core:AllPeriods 2024-10-31 06039903 2023-10-31 06039903 core:Goodwill 2023-10-31 06039903 core:LandBuildings 2023-10-31 06039903 core:PlantMachinery 2023-10-31 06039903 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure