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REGISTERED NUMBER: 11215907 (England and Wales)









A & L CARE GROUP LIMITED

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Director 4

Report of the Independent Auditors 6

Consolidated Income Statement 10

Consolidated Other Comprehensive Income 11

Consolidated Balance Sheet 12

Company Balance Sheet 13

Consolidated Statement of Changes in Equity 14

Company Statement of Changes in Equity 15

Consolidated Cash Flow Statement 16

Notes to the Consolidated Cash Flow Statement 17

Notes to the Consolidated Financial Statements 18


A & L CARE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: L Webb





SECRETARY: L Webb





REGISTERED OFFICE: 7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX





REGISTERED NUMBER: 11215907 (England and Wales)





AUDITORS: WP Audit Services LLP
Chartered Accountant & Statutory Auditor
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2024

The director presents her strategic report of the company and the group for the year ended 31 August 2024.

REVIEW OF BUSINESS
The group owns and operates two care homes, Amberley House and Mayflower House. Both properties are owned by A & L Care Homes Holdings Limited, with Amberley House trading through A & L Care Homes Limited and Mayflower House trading through Mayflower House Limited.

The consolidated accounts for 2024 show a pre-tax profit of £224k (2023: £247k). The year has been challenging for the business. Both homes required repairs, in order to maintain the quality of the properties and accommodation for residents, while the interest on the bank loan also increased slightly due to rising rates in the prior year, albeit rates are expected to fall post year end. These factors combined have led to a small decline in profitability. While these issues are beyond the Directors' control, she has worked diligently to address them, and as a result, performance has returned to normal levels in 2025.

A & L Care Homes Limited reported trading profits of £283k (2023: £285k) with a gross profit margin of 48% (2023: 47%) and a net profit margin before tax of 19% (2023: 21%). The home achieved an occupancy rate of 90% (2023: 91%) during the year.

Mayflower House Limited reported trading profits of £154k (2023: £166k) with a gross profit margin of 42% (2023: 41%) and a net profit margin before tax of 12% (2023: 14%). This home had an occupancy rate of 91% (2023: 92%) during the year.

The group’s key performance indicators (KPIs) are primarily occupancy rates (as noted above) and maintainable EBITDA, which was £731k (2023: £736k).

Looking ahead, the care home sector faces challenges with the recent rise in the national minimum wage and employer National Insurance contributions following the government’s recent budget. The Director has agreed to fee increases where feasible to help ensure ongoing profitability.

STRATEGY
Costs will continue to be managed carefully, and occupancy rates will be closely monitored to optimize revenue.

New opportunities will continue to be sought where these will make a return for the group.


A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2024

PRINCIPAL RISKS AND UNCERTAINTIES
A & L Care Group Limited, like all businesses, faces a number of operating risks and uncertainties. The most fundamental issues faced by the Group are:

- meeting bank covenants;
- maximising occupancy levels;
- dealing with increasing inflation and interest rates;
- complying with the stringent regulations of the Care Quality Commission under which Care Homes operate;
- achieving quality standards; and
- attracting and retaining high quality qualified and other staff.

However, the director feels that the management team in place and current performance means they are able to face these risks and mitigate them accordingly.

GOING CONCERN
The director has, at the time of preparing the financial statements, a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus, she has continued to adopt the going concern basis of accounting in preparing the financial statements.

The Group has maintained strong cash reserves, and although there is bank debt and other amounts due for payment, the group retains the confidence of its bankers. As a result, the director is confident that the group could survive a substantial financial impact and is a going concern for well beyond the next 12 months of trading.

ON BEHALF OF THE BOARD:





L Webb - Director


28 May 2025

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 AUGUST 2024

The director presents her report with the financial statements of the company and the group for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of running two residential care homes via the two trading subsidiaries.

DIVIDENDS
The total distribution of dividends in the year ended 31 August 2024 was £35,500 (2023: £38,000).

DIRECTOR
L Webb held office during the whole of the period from 1 September 2023 to the date of this report.

FINANCIAL INSTRUMENTS
The group's principal financial instruments comprise bank balances/overdrafts, trade creditors and bank loans. The main purpose of each of these instruments is to raise funds for ongoing operations and to facilitate the buyout of a previous shareholder.

Due to the nature of the financial instruments used by the group there is not considered to be significant exposure to price risk. The approach to managing other risks applicable to the financial instruments concerned is explained below:

In respect of bank balances/overdrafts the liquidity risk is managed by maintaining a balance between the various elements of working capital.

The interest rate on the bank loan is variable with monthly cash repayments being fixed. The group manages the liquidity risk by ensuring there are sufficient funds to meet the cash repayments due. At the current levels, interest charges are manageable, and rates are predicted to fall.

Trade creditors' liquidity risk is managed by ensuring there is sufficient funds available from working capital to meet amounts due.

DISCLOSURE IN THE STRATEGIC REPORT
Certain disclosures surrounding future developments and risks and uncertainties have been disclosed in the Strategic Report, rather than the Directors Report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 AUGUST 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:





L Webb - Director


28 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
A & L CARE GROUP LIMITED

Opinion
We have audited the financial statements of A & L Care Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 August 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
A & L CARE GROUP LIMITED


Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
A & L CARE GROUP LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Audit Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users, taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatement in respect of irregularities, including fraud,

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Objectives
The objectives of our audit in respect of fraud, are;

- to identify and assess the risks of material misstatement of the financial statements due to fraud;
- to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and
- to respond appropriately to instances of fraud or suspected fraud identified during the audit.
However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company and group.

Audit Approach
Our approach was as follows:

- We obtained an understanding of the legal and regulatory requirements applicable to the Company and Group and considered that the most significant are the Health and Social Care Act, Companies Act 2006, FRS 102, and UK taxation legislation.
- We obtained an understanding of how the Company and Group complies with these requirements by discussions with management and those charged with governance, as well a review of relevant correspondence and certifications.
- We assessed the risk of material misstatement of the financial statements and how it might occur (including the risk of material misstatement due to fraud), by holding discussions with management and those charged with governance. We used our knowledge of the Company and Group and the industry in which it operates to determine if management's explanations were consistent with our own conclusions.
- Based on our understanding developed from the above, we designed specific appropriate audit procedures to identify instances of non-compliance with the key laws and regulations which may result in potential fraud. This included making enquiries of management and those charged with governance, investigating unusual or unexpected relationships or movements in figures disclosed in the accounts and remaining alert for any transactions that appeared to be outside the normal course of business. Furthermore, as required by auditing standards, and taking into account our overall knowledge of the control environment, we have performed procedures to address the risks of management override of controls and the risk of fraudulent revenue recognition. Procedures such as a review of journal entries and assessing estimates for management bias have enabled us to conclude in this area.

No instances of fraud, non-compliance or suspected non-compliance with laws and regulations were identified from the above procedures.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
A & L CARE GROUP LIMITED

- Obtain an understanding of internal control environment relevant to the audit, in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the Company's and Group's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director.
- Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's and Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company or Group to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Context of the ability of the audit to detect fraud or breaches of law or regulation
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

In addition, as with any audit, there remains a risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect noncompliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Stephanie Williams (Senior Statutory Auditor)
for and on behalf of WP Audit Services LLP
Chartered Accountant & Statutory Auditor
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

28 May 2025

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Notes £    £   

TURNOVER 2,817,178 2,564,426

Cost of sales 1,541,513 1,432,105
GROSS PROFIT 1,275,665 1,132,321

Administrative expenses 866,663 708,535
409,002 423,786

Other operating income 500 -
OPERATING PROFIT 5 409,502 423,786

Interest receivable and similar income 181 -
409,683 423,786

Interest payable and similar expenses 6 185,205 176,464
PROFIT BEFORE TAXATION 224,478 247,322

Tax on profit 7 121,601 110,492
PROFIT FOR THE FINANCIAL YEAR 102,877 136,830
Profit attributable to:
Owners of the parent 102,877 136,830

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 102,877 136,830


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 102,877 136,830

Total comprehensive income attributable to:
Owners of the parent 102,877 136,830

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

CONSOLIDATED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 10 1,156,377 1,445,471
Tangible assets 11 4,543,254 4,499,381
Investments 12 - -
5,699,631 5,944,852

CURRENT ASSETS
Debtors 13 88,397 83,027
Cash at bank and in hand 243,118 273,816
331,515 356,843
CREDITORS
Amounts falling due within one year 14 565,642 745,462
NET CURRENT LIABILITIES (234,127 ) (388,619 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,465,504 5,556,233

CREDITORS
Amounts falling due after more than one year 15 (2,304,326 ) (2,474,538 )

PROVISIONS FOR LIABILITIES 19 (56,940 ) (44,834 )
NET ASSETS 3,104,238 3,036,861

CAPITAL AND RESERVES
Called up share capital 20 100 100
Share premium 21 2,309,901 2,309,901
Retained earnings 21 794,237 726,860
SHAREHOLDERS' FUNDS 3,104,238 3,036,861

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





L Webb - Director


A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

COMPANY BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 - -
Investments 12 4,965,100 4,965,100
4,965,100 4,965,100

CURRENT ASSETS
Debtors 13 1,929,095 1,725,275

CREDITORS
Amounts falling due within one year 14 1,523,302 1,653,982
NET CURRENT ASSETS 405,793 71,293
TOTAL ASSETS LESS CURRENT LIABILITIES 5,370,893 5,036,393

CAPITAL AND RESERVES
Called up share capital 20 100 100
Share premium 21 2,309,901 2,309,901
Retained earnings 21 3,060,892 2,726,392
SHAREHOLDERS' FUNDS 5,370,893 5,036,393

Company's profit for the financial year 370,000 400,000

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





L Webb - Director


A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 September 2022 100 628,030 2,309,901 2,938,031

Changes in equity
Dividends - (38,000 ) - (38,000 )
Total comprehensive income - 136,830 - 136,830
Balance at 31 August 2023 100 726,860 2,309,901 3,036,861

Changes in equity
Dividends - (35,500 ) - (35,500 )
Total comprehensive income - 102,877 - 102,877
Balance at 31 August 2024 100 794,237 2,309,901 3,104,238

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 September 2022 100 2,364,392 2,309,901 4,674,393

Changes in equity
Dividends - (38,000 ) - (38,000 )
Total comprehensive income - 400,000 - 400,000
Balance at 31 August 2023 100 2,726,392 2,309,901 5,036,393

Changes in equity
Dividends - (35,500 ) - (35,500 )
Total comprehensive income - 370,000 - 370,000
Balance at 31 August 2024 100 3,060,892 2,309,901 5,370,893

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 747,433 737,999
Interest paid (185,205 ) (45 )
Tax paid (108,738 ) (129,431 )
Net cash from operating activities 453,490 608,523

Cash flows from investing activities
Purchase of tangible fixed assets (76,602 ) (38,469 )
Interest received 181 -
Net cash from investing activities (76,421 ) (38,469 )

Cash flows from financing activities
Loan repayments in year (210,428 ) (658,025 )
Amount withdrawn by directors (161,839 ) (300,757 )
Amount introduced by directors - 16,995
Equity dividends paid (35,500 ) (38,000 )
Net cash from financing activities (407,767 ) (979,787 )

Decrease in cash and cash equivalents (30,698 ) (409,733 )
Cash and cash equivalents at beginning of year 2 273,816 683,549

Cash and cash equivalents at end of year 2 243,118 273,816

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 224,478 247,322
Depreciation charges 321,823 312,189
Increase/(decrease) in provisions 1,024 165
Finance costs 185,205 176,464
Finance income (181 ) -
732,349 736,140
Increase in trade and other debtors (5,370 ) (1,441 )
Increase in trade and other creditors 20,454 3,300
Cash generated from operations 747,433 737,999

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2024
31.8.24 1.9.23
£    £   
Cash and cash equivalents 243,118 273,816
Year ended 31 August 2023
31.8.23 1.9.22
£    £   
Cash and cash equivalents 273,816 683,549


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.9.23 Cash flow At 31.8.24
£    £    £   
Net cash
Cash at bank and in hand 273,816 (30,698 ) 243,118
273,816 (30,698 ) 243,118
Debt
Debts falling due within 1 year (232,406 ) 31,097 (201,309 )
Debts falling due after 1 year (2,474,538 ) 170,212 (2,304,326 )
(2,706,944 ) 201,309 (2,505,635 )
Total (2,433,128 ) 170,611 (2,262,517 )

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

A & L Care Group 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of all the group undertakings. These are adjusted, where appropriate, to conform to group accounting policies. Acquisitions are accounted for under the acquisition method and goodwill on consolidation is capitalised and written off in line with the group accounting policy in this area. The results of companies acquired or disposed of are included in the profit and loss account after or up to the date that control passes respectively.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES - continued

Significant judgements and estimates
In the application of the group's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

However there has been some judgement made relating to the following:

(i) Valuation of property
Property is reviewed annually for impairment. The cash and profit levels generated by each home are taken into consideration when carrying out this review, as is a multiple to obtain an appropriate estimate of future maintainable earnings. The property is not depreciated as the director has considered that the cumulative effects of growth in the sector, and the offsetting effect of discounting over a useful life of 50 years, would result in a residual value that is not significantly different to current value.

(ii) Investments in subsidiaries
Investments in subsidiaries are reviewed annually for impairment by considering their expected future cashflow, returns and profitability.

(iii) Goodwill
Goodwill is reviewed annually for impairment by reviewing the position and performance of the group. The cash and profit levels generated by each home are taken into consideration when carrying out this review, as is a multiple to obtain an appropriate estimate of future maintainable earnings for each subsidiary. The value of goodwill is reviewed in combination with the value of the property, to ensure no double counting of value is recognised

The value of goodwill is reviewed in combination with the value of the property, to ensure no double counting of value is recognised.

(iv) Provisions for liabilities
Provisions are made in the accounts for expenses not yet invoiced where it is anticipated that a charge may arise in future years. This is estimated from the total expected cost multiplied by a probability factor. The expected cost comes from the most recent known costs for the same goods or service. The probability factor works on the full costs incurred within the last 12 months and then a sliding scale on any older amounts.

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents net invoiced residential care home fees and is recognised per night that a room is occupied.

Turnover is deferred where amounts have been invoiced, but these relate to services to be provided in future periods.

Turnover is accrued where amounts have yet to be invoiced, but where the services have been provided in the period to date.

Grant income
Income received in relation to grants are classified either as relating to revenue or to assets.

Grants relating to revenue are recognised in other income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Where a timing difference arises, the income is held on the balance sheet. When received in arrears the expected income is recognised as a debtor so long as the relevant conditions have been satisfied. When received in advance of costs, the income is held as deferred income and systematically released to the profit and loss in the periods the cost is incurred.

Grants relating to assets are recognised initially as deferred income and released to other income on a systematic basis over the expected useful life of the asset.

Goodwill
Goodwill, being the amount calculated in connection with the consolidation of the group, is being amortised over its anticipated useful economic life of 10 years from the period ended 31 August 2018.

Goodwill arising is recognised as an asset and initially measured at cost, being the excess of the cost of the business combination over the Group's interest in the net fair value of the identifiable assets and liabilities recognised. Goodwill is reviewed for impairment annually with any change in fair value taken to the profit or loss under administrative expenses on the Statement of Comprehensive Income.

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on cost
Fixtures & equipment - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Assets are recognised in the accounts at cost less accumulated depreciation.

In accordance with the industry norm, no depreciation is provided on the company's land and buildings interest because the director believes that the residual values are considered to be high due in part because each property is subject to a repair and maintenance programme and they are unlikely to suffer from economic obsolescence. Looking at relevant expected growth in property values and the associated expected discount factors that would apply over the life of the asset, the director considers that the depreciation charge for the year and on a cumulative basis is immaterial. This departure from the requirements of Companies Act 2006 for all properties to be depreciated, is, in the opinion of the director, necessary for the financial statements to give a true and fair view.

Impairment of Assets
At each reporting date financial assets as well as other fixed assets, such as goodwill and property are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. There is considered to be an impairment, where there is objective evidence that, as a result of events occurring after the date of initial recognition, the estimated future cash flows have been affected.

For assets carried at cost, the amount of the impairment loss is measured as the difference between the asset's carrying amount and the present value of the estimated future cash flows discounted at the current market rate of return for a similar financial asset.

The carrying amount of the asset is reduced by the impairment loss directly for all assets with the exception of trade receivables, where the carrying amount is reduced through the use of an allowance account. When a trade receivable is considered uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited against the allowance account. Changes in the carrying amount of the allowance account are recognised in profit or loss.

When reviewing goodwill, investments and property for impairment, the management review the performance of the group, as well as the asset base and future expected cash flows. From this they determine whether there is any indication of impairment. If an indication is identified, an impairment will be computed as the difference between the asset's carrying amount and the value of the expected future cash flows and profitability. Any impairment on goodwill and investments is charged to the profit and loss account in the year it is identified. Any impairment on property is reduced in the revaluation reserve first, and then subsequent reductions in the valuation is charged to the profit and loss account in the year it is identified. The assets are then reviewed annually. When an impairment that has originally been charged to the profit and loss account is later reversed in a subsequent year, it is credited through the profit and loss account, up to the asset's initial carrying value.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES - continued

Operating leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits
Short- term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Debtors
Short term debtors are measured at transaction price, less any impairment.

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

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, including short term deposits. The group and parent company routinely utilise short term bank overdraft facilities, which are repayable on demand, as an integral part of their cash management policy. Therefore, cash and cash equivalents are cash and deposits, less bank overdrafts. Offset arrangements across the group businesses have been applied to arrive at the net cash and overdraft figures shown in the group accounts and cash flow statement.

Investments
Fixed asset investments relate to investments in subsidiary undertakings and are stated at cost less any provision for any diminution in value. Any permanent diminution in value is recognised in the profit and loss account.

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

In particular, in these accounts, provisions have been made for expenses not yet invoiced where it is anticipated that a charge may arise in future years. This is estimated from the total expected cost multiplied by a probability factor. The expected cost comes from the most recent known costs for the same goods or service. The probability factor works on the full costs incurred within the last 12 months and then a sliding scale on any older amounts.

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,427,119 1,306,025
Social security costs 85,366 71,829
Other pension costs 21,481 17,646
1,533,966 1,395,500

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

Directors 1 1
Employees 86 79
87 80

2024 2023
£    £   
Director's remuneration 12,000 12,000

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Hire of plant and machinery 23,853 23,146
Depreciation - owned assets 32,729 23,095
Goodwill amortisation 289,094 289,094
Auditors' remuneration 8,275 8,850
Auditors' remuneration for
other advisory services 12,289 1,425
Auditors' remuneration for
compliance services 7,523 9,023

In addition to the auditors remuneration disclosed above, fees were payable to a group company of the auditor for bookkeeping and payroll services. The total recognised in the Profit and Loss Account with respect to these services was £27,895.

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 185,163 176,419
Interest payable 42 45
185,205 176,464

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 112,900 109,200
Over/under provision of p/year (2,381 ) (1,408 )
Total current tax 110,519 107,792

Deferred tax 11,082 2,700
Tax on profit 121,601 110,492

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 224,478 247,322
Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 -
21.515 %)

56,120

53,211

Effects of:
Expenses not deductible for tax purposes 3,504 607
Capital allowances in excess of depreciation (17,756 ) (6,749 )
Adjustments to tax charge in respect of previous periods - (1,408 )
Goodwill amortisation 72,273 62,199
Movement in deferred tax provision 11,082 2,700
Tax allowable deductions in computation - (100 )
Adjustments to tax charge in respect of current period - 32
Over / under provision (3,622 ) -
Total tax charge 121,601 110,492

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
£    £   
Interim 35,500 38,000

10. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 2,890,941
AMORTISATION
At 1 September 2023 1,445,470
Amortisation for year 289,094
At 31 August 2024 1,734,564
NET BOOK VALUE
At 31 August 2024 1,156,377
At 31 August 2023 1,445,471

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

11. TANGIBLE FIXED ASSETS

Group
Freehold Plant and Fixtures
property machinery & equipment
£    £    £   
COST
At 1 September 2023 4,453,707 88,444 12,501
Additions - - 76,091
At 31 August 2024 4,453,707 88,444 88,592
DEPRECIATION
At 1 September 2023 - 51,661 6,409
Charge for year - 19,323 12,602
At 31 August 2024 - 70,984 19,011
NET BOOK VALUE
At 31 August 2024 4,453,707 17,460 69,581
At 31 August 2023 4,453,707 36,783 6,092

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 5,800 3,132 4,563,584
Additions - 511 76,602
At 31 August 2024 5,800 3,643 4,640,186
DEPRECIATION
At 1 September 2023 4,424 1,709 64,203
Charge for year 344 460 32,729
At 31 August 2024 4,768 2,169 96,932
NET BOOK VALUE
At 31 August 2024 1,032 1,474 4,543,254
At 31 August 2023 1,376 1,423 4,499,381

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 4,965,100
NET BOOK VALUE
At 31 August 2024 4,965,100
At 31 August 2023 4,965,100

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

12. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

A&L Care Homes Limited
Registered office: 7 Sandy Court, Ashleigh Way, Langage Business Park, Plymouth, PL7 5JX
Nature of business: Residential care home provider
%
Class of shares: holding
Ordinary 100.00

Shares in this company are held indirectly through the shareholding in A & L Care Homes Holdings Limited.

Mayflower House Limited
Registered office: 7 Sandy Court, Ashleigh Way, Langage Business Park, Plymouth, PL7 5JX
Nature of business: Residential care home provider
%
Class of shares: holding
Ordinary 100.00

Shares in this company are held indirectly through the shareholding in A & L Care Homes Holdings Limited.

A&L Care Homes Holdings Limited
Registered office: 7 Sandy Court, Ashleigh Way, Langage Business Park, Plymouth, PL7 5JX
Nature of business: Intermediate holding company
%
Class of shares: holding
C 100.00


13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 51,564 69,192 - -
Amounts owed by group undertakings - - 1,929,095 1,725,275
Other debtors 1,065 - - -
Prepayments and accrued income 35,768 13,835 - -
88,397 83,027 1,929,095 1,725,275

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 16) 201,309 232,406 - -
Trade creditors 57,626 31,311 - -
Amounts owed to group undertakings - - 1,449,031 1,417,872
Tax 112,900 109,200 - -
Social security and other taxes 19,100 17,588 - -
Other creditors 50,189 37,254 - -
Directors' current accounts 74,271 236,110 74,271 236,110
Accruals and deferred income 50,247 81,593 - -
565,642 745,462 1,523,302 1,653,982

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
2024 2023
£    £   
Bank loans (see note 16) 2,304,326 2,474,538

16. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 201,309 232,406
Amounts falling due between one and two years:
Bank loans - 1-2 years 201,309 232,406
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,103,017 2,242,132

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 7,827 8,934
Between one and five years 2,831 463
10,658 9,397

18. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 2,505,635 2,706,944

Included within bank loans and overdrafts are bank loans totalling £2.5m (2023: £2.7m) which are secured by a 1st legal charge over the freehold. The charges against the company include both fixed and floating charges over all the assets and undertakings of the subsidiaries. The director also holds a personal guarantee over these amounts.

The loan is repayable by instalments over its remaining life, by 30 August 2028, with interest charged at 2.09% over SONIA.

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

19. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 17,282 6,200

Other provisions 39,658 38,634

Aggregate amounts 56,940 44,834

Group
Deferred Other
tax provisions
£    £   
Balance at 1 September 2023 6,200 38,634
Provided during year 11,082 1,024
Balance at 31 August 2024 17,282 39,658

A provision is included on the Balance Sheet for £39,658 (2023: £38,634) relating to expenses not yet invoiced where it is anticipated that a charge may arise in future years.

20. CALLED UP SHARE CAPITAL

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

These shares have attached to them voting rights, dividend rights and capital distribution (including on winding up) rights, they do not confer any right of redemption.

21. RESERVES

Group
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2023 726,860 2,309,901 3,036,761
Profit for the year 102,877 102,877
Dividends (35,500 ) (35,500 )
At 31 August 2024 794,237 2,309,901 3,104,138

Company
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2023 2,726,392 2,309,901 5,036,293
Profit for the year 370,000 370,000
Dividends (35,500 ) (35,500 )
At 31 August 2024 3,060,892 2,309,901 5,370,793

A & L CARE GROUP LIMITED (REGISTERED NUMBER: 11215907)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

21. RESERVES - continued


22. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Webb.

23. KEY MANAGEMENT PERSONNEL

Key management includes the directors and members of senior management. The compensation paid or payable to key management for employee services is shown below:

2024 2023
£ £
Salaries and other short-term benefits (incl employers pension) 128,768 73,752
128,768 73,752