IRIS Accounts Production v24.3.2.46 13693721 director 1.4.23 30.4.24 30.4.24 4.4.2025 false true false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136937212023-03-31136937212024-04-30136937212023-04-012024-04-30136937212022-02-28136937212022-03-012023-03-31136937212023-03-3113693721ns15:EnglandWales2023-04-012024-04-3013693721ns14:PoundSterling2023-04-012024-04-3013693721ns10:Director12023-04-012024-04-3013693721ns10:PrivateLimitedCompanyLtd2023-04-012024-04-3013693721ns10:SmallEntities2023-04-012024-04-3013693721ns10:Audited2023-04-012024-04-3013693721ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-04-3013693721ns10:SmallCompaniesRegimeForAccounts2023-04-012024-04-3013693721ns10:FullAccounts2023-04-012024-04-301369372112023-04-012024-04-3013693721ns10:OrdinaryShareClass12023-04-012024-04-3013693721ns10:RegisteredOffice2023-04-012024-04-3013693721ns5:CurrentFinancialInstruments2024-04-3013693721ns5:CurrentFinancialInstruments2023-03-3113693721ns5:Non-currentFinancialInstruments2024-04-3013693721ns5:Non-currentFinancialInstruments2023-03-3113693721ns5:ShareCapital2024-04-3013693721ns5:ShareCapital2023-03-3113693721ns5:RetainedEarningsAccumulatedLosses2024-04-3013693721ns5:RetainedEarningsAccumulatedLosses2023-03-3113693721ns5:NetGoodwill2023-04-012024-04-3013693721ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-04-3013693721ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-04-3013693721ns5:PlantMachinery2023-04-012024-04-3013693721ns5:FurnitureFittings2023-04-012024-04-3013693721ns5:MotorVehicles2023-04-012024-04-3013693721ns5:NetGoodwill2023-03-3113693721ns5:NetGoodwill2024-04-3013693721ns5:NetGoodwill2023-03-3113693721ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3113693721ns5:PlantMachinery2023-03-3113693721ns5:FurnitureFittings2023-03-3113693721ns5:MotorVehicles2023-03-3113693721ns5:LongLeaseholdAssetsns5:LandBuildings2024-04-3013693721ns5:PlantMachinery2024-04-3013693721ns5:FurnitureFittings2024-04-3013693721ns5:MotorVehicles2024-04-3013693721ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3113693721ns5:PlantMachinery2023-03-3113693721ns5:FurnitureFittings2023-03-3113693721ns5:MotorVehicles2023-03-3113693721ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3013693721ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3113693721ns5:FinanceLeasesns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3013693721ns5:FinanceLeasesns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3113693721ns5:FinanceLeasesns5:BetweenOneFiveYears2024-04-3013693721ns5:FinanceLeasesns5:BetweenOneFiveYears2023-03-3113693721ns5:MoreThanFiveYearsns5:FinanceLeases2024-04-3013693721ns5:MoreThanFiveYearsns5:FinanceLeases2023-03-3113693721ns5:FinanceLeases2024-04-3013693721ns5:FinanceLeases2023-03-3113693721ns5:AcceleratedTaxDepreciationDeferredTax2024-04-3013693721ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3113693721ns5:DeferredTaxation2023-03-3113693721ns5:DeferredTaxation2024-04-3013693721ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 13693721 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 30 APRIL 2024

FOR

WELFORD HEALTHCARE STH LIMITED

WELFORD HEALTHCARE STH LIMITED (REGISTERED NUMBER: 13693721)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WELFORD HEALTHCARE STH LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024







DIRECTOR: Mr M P Madden



REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU



REGISTERED NUMBER: 13693721 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr P Bott FCA



AUDITORS: Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU

WELFORD HEALTHCARE STH LIMITED (REGISTERED NUMBER: 13693721)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,127 25,502
Tangible assets 5 3,627,988 3,781,612
3,653,115 3,807,114

CURRENT ASSETS
Debtors 6 1,536,678 914,944
Cash at bank and in hand 286,503 44,994
1,823,181 959,938
CREDITORS
Amounts falling due within one year 7 1,307,177 730,327
NET CURRENT ASSETS 516,004 229,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,169,119

4,036,725

CREDITORS
Amounts falling due after more than one
year

8

(3,606,791

)

(3,720,918

)

PROVISIONS FOR LIABILITIES 10 (17,705 ) (13,688 )
NET ASSETS 544,623 302,119

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 544,523 302,019
SHAREHOLDERS' FUNDS 544,623 302,119

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 director and authorised for issue on 1 April 2025 and were signed by:





Mr M P Madden - Director


WELFORD HEALTHCARE STH LIMITED (REGISTERED NUMBER: 13693721)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


1. STATUTORY INFORMATION

Welford Healthcare STH 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.

Comparative Figures
The comparative figures are for 12 month period of trading to 31 March 2023. The current figures represent an extended 13 month period of trading to 30 April 2024.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue represents income receivable from health and care provision services rendered and goods supplied.

Revenue is recognised in the accounting period in which the company obtains the right to consideration in exchange for its performance.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - equal instalments over the lease period
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - over 3 years

Taxation
Taxation for the period 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.

WELFORD HEALTHCARE STH LIMITED (REGISTERED NUMBER: 13693721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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 period 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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently, where material, at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 56 (2023 - 57 ) .

WELFORD HEALTHCARE STH LIMITED (REGISTERED NUMBER: 13693721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 31,877
Additions 6,000
At 30 April 2024 37,877
AMORTISATION
At 1 April 2023 6,375
Charge for period 6,375
At 30 April 2024 12,750
NET BOOK VALUE
At 30 April 2024 25,127
At 31 March 2023 25,502

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 3,918,500 6,084 65,828 - 3,990,412
Additions - 23,700 21,971 23,649 69,320
At 30 April 2024 3,918,500 29,784 87,799 23,649 4,059,732
DEPRECIATION
At 1 April 2023 192,956 1,453 14,391 - 208,800
Charge for period 195,956 3,892 15,213 7,883 222,944
At 30 April 2024 388,912 5,345 29,604 7,883 431,744
NET BOOK VALUE
At 30 April 2024 3,529,588 24,439 58,195 15,766 3,627,988
At 31 March 2023 3,725,544 4,631 51,437 - 3,781,612

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 267,528 592,208
Amounts owed by group undertakings 397,100 159,949
Other debtors 872,050 162,787
1,536,678 914,944

WELFORD HEALTHCARE STH LIMITED (REGISTERED NUMBER: 13693721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases (see note 9) 105,586 99,492
Trade creditors 163,383 16,701
Taxation and social security 81,567 85,518
Other creditors 956,641 528,616
1,307,177 730,327

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases (see note 9) 3,606,791 3,720,918

Amounts falling due in more than five years:

Repayable by instalments
Finance leases 3,121,434 3,263,573

9. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 105,586 99,492
Between one and five years 485,357 457,345
In more than five years 3,121,434 3,263,573
3,712,377 3,820,410

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 17,705 13,688

Deferred
tax
£   
Balance at 1 April 2023 13,688
Movements in the year 4,017
Balance at 30 April 2024 17,705

WELFORD HEALTHCARE STH LIMITED (REGISTERED NUMBER: 13693721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr P Bott FCA (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants

13. PENSION COMMITMENTS

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company within independently administered funds. The total contributions paid in the period amounted to £25,063 (2023: £17,646). Contributions of £6,595 (2023: £2,988) were unpaid at the year end.

14. RELATED PARTY DISCLOSURES

The company was charged management fees of £166,728 (2023: £90,883) from related parties, all of which share the same directors.

At 30 April 2024 the company owed £785,114 (2023: £296,074) to related parties and was owed £776,219 (2023: £158,524) from related parties. All of the above companies share the same directors.

15. ULTIMATE CONTROLLING PARTY

The parent and ultimate controlling parent company at the balance sheet date is Welford Healthcare ChH Limited, a private limited company incorporated and registered in England and Wales. The registered office of Welford Healthcare ChH Limited is Granville Hall, Granville Road, Leicester, LE1 7RU and copies of the parents financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.