Company registration number 12116144 (England and Wales)
KOMPLEX CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KOMPLEX CARE LIMITED
CONTENTS
Page
Profit and loss account
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
KOMPLEX CARE LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -
2024
2023
£
£
Turnover
6,100,415
8,096,051
Cost of sales
(3,648,696)
(5,317,657)
Gross profit
2,451,719
2,778,394
Administrative expenses
(1,778,859)
(2,466,663)
Other operating income
-
0
1,500
Operating profit
672,860
313,231
Interest payable and similar expenses
(178,008)
(244,729)
Profit before taxation
494,852
68,502
Tax on profit
(92,316)
-
0
Profit for the financial year
402,536
68,502
KOMPLEX CARE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
131,762
164,906
Current assets
Debtors
4
2,161,645
1,988,452
Cash at bank and in hand
86,756
2,375
2,248,401
1,990,827
Creditors: amounts falling due within one year
5
(2,272,921)
(2,430,324)
Net current liabilities
(24,520)
(439,497)
Total assets less current liabilities
107,242
(274,591)
Creditors: amounts falling due after more than one year
6
(185,716)
(206,419)
Net liabilities
(78,474)
(481,010)
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
(78,574)
(481,110)
Total equity
(78,474)
(481,010)

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 June 2025 and are signed on its behalf by:
Mr T Roe
Director
Company registration number 12116144 (England and Wales)
KOMPLEX CARE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2023
100
(549,612)
(549,512)
Year ended 31 December 2023:
Profit and total comprehensive income
-
68,502
68,502
Balance at 31 December 2023
100
(481,110)
(481,010)
Year ended 31 December 2024:
Profit and total comprehensive income
-
402,536
402,536
Balance at 31 December 2024
100
(78,574)
(78,474)
KOMPLEX CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Komplex Care Limited is a private company limited by shares incorporated in England and Wales. The registered office is St James House, Floor 3 Hollinswood Road, Central Park, Telford, England, TF2 9TZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date, the financial statements show that the company has liabilities in excess oftrue assets of £91,197 (2023: £481,010) as a result of losses made to date. The financial statements have been prepared on a going concern basis as the directors have confirmed that they will continue to support the company for the foreseeable future and meet the excess liabilities if the company is unable to do so.

1.3
Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax. Revenue is recognised on provision of care, support, placement and commissioning services.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost
Computer equipment
20% on cost
Motor vehicles
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with bank.

KOMPLEX CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

KOMPLEX CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2024
2023
Number
Number
Total
114
149
KOMPLEX CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
36,508
21,479
171,113
229,100
Additions
-
0
14,347
-
0
14,347
At 31 December 2024
36,508
35,826
171,113
243,447
Depreciation and impairment
At 1 January 2024
11,115
6,276
46,803
64,194
Depreciation charged in the year
7,299
5,969
34,223
47,491
At 31 December 2024
18,414
12,245
81,026
111,685
Carrying amount
At 31 December 2024
18,094
23,581
90,087
131,762
At 31 December 2023
25,393
15,203
124,310
164,906
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
67,320
520,550
Amounts owed by group undertakings
378,923
100
Other debtors
1,715,402
1,467,802
2,161,645
1,988,452
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
7
10,113
10,269
Obligations under finance leases
8
19,367
16,800
Other borrowings
7
42,304
133,262
Trade creditors
115,379
150,874
Corporation tax
92,316
-
0
Other taxation and social security
94,380
364,239
Other creditors
1,894,812
1,713,413
Accruals and deferred income
4,250
41,467
2,272,921
2,430,324
KOMPLEX CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
Creditors: amounts falling due within one year
(Continued)
- 8 -

A fixed and floating charge over all assets, property and undertakings of company is held by BCRS CIEF Limited for the provision of the loan facilities. At the balance sheet date, the company owed £73,023 (2023: £115,986) to BCRS CIEF Limited.

 

A fixed and floating charge over all assets of the company is held by Zodeq Limited for the provision of an invoice discount facility. At the balance sheet date, the company was owed £58,030 (2023: £93,852 owed to) by Zodeq Limited, this amount is included within other debtors.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
7
14,358
24,328
Obligations under finance leases
8
87,490
106,856
Other borrowings
7
83,868
75,235
185,716
206,419
7
Loans and overdrafts
2024
2023
£
£
Bank loans
24,471
34,597
Other loans
126,172
208,497
150,643
243,094
Payable within one year
52,417
143,531
Payable after one year
98,226
99,563

On 14 May 2020, Komplex Care Limited received a government Coronavirus Business Interruption Loan Scheme (CBILS) Loan of £50,000. The loan is fully repayable over 72 months and interest in charged on the loan at 2.5% per annum.

 

Other loans consist of the following:

 

A £100,000 loan from BCRS CIEF Limited on 27 February 2023. The loan is repayable in full over 60 months and interest is charged on the loan at a fixed rate of 13.5% per annum. At the balance sheet date, the outstanding loan balance was £73,023 (2023: £89,841).

 

A £30,000 loan received from LDF on 18 September 2024. The loan is repayable in full over 12 months and interest is charged on the loan. At the balance sheet date, the outstanding loan balance was £23,225 (2023: £Nil).

 

A £50,000 Loan received from Funding circle on 25 January 2024. The loan is repayable in full over 12 months and interest is charged on the loan. At the balance sheet, the outstanding loan balance was £29,924 (2023: £Nil).

KOMPLEX CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
8
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
19,367
16,800
In two to five years
87,490
106,856
106,857
123,656

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 5 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
10
Related party transactions

At the balance sheet date, the company was owed £784,370 (2023: £735,696) from Rola Property Limited, £64,048 (2023: £177,616) from Komplex Health Ltd, £37,100 (2023: £33,900) from Komplex Direct Ltd, and £686,674 (2023: £482,597) from Belgravia Healthcare Ltd. Furthermore, included in other creditors is an amount of £1,315,061 (2023: £982,503) owed to Komplex Community Ltd. These companies are related parties by virtue of being members of the same group.

 

At the balance sheet date, the company was owed £378,923 (2023: £100) by Komplex Group Limited, the parent company.

11
Directors' transactions

At the balance sheet date, an amount of £123,055 (2023: £418,815) was owed to directors of the company. The loan is interest free and repayable on demand.

 

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