Registered number
04821522
Lincoln Healthcare Group Limited
Unaudited Filleted Accounts
30 September 2024
Lincoln Healthcare Group Limited
Registered number: 04821522
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 107,060 61,112
Current assets
Debtors 5 399,065 153,799
Cash at bank and in hand 997,488 1,109,648
1,396,553 1,263,447
Creditors: amounts falling due within one year 6 (670,264) (529,715)
Net current assets 726,289 733,732
Total assets less current liabilities 833,349 794,844
Creditors: amounts falling due after more than one year 7 (35,064) -
Provisions for liabilities (20,341) -
Net assets 777,944 794,844
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 776,944 793,844
Shareholder's funds 777,944 794,844
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
D Lincoln
Director
Approved by the board on 26 June 2025
Lincoln Healthcare Group Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 equipment 15% reducing balance basis
Motor vehicles 15% reducing balance basis
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 54 55
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 20,425
At 30 September 2024 20,425
Amortisation
At 1 October 2023 20,425
At 30 September 2024 20,425
Net book value
At 30 September 2024 -
Goodwill was written off in equal annual instalments over its estimated economic life of 10 years from 2003.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 35,666 57,095 92,761
Additions 1,047 115,439 116,486
Disposals - (57,095) (57,095)
At 30 September 2024 36,713 115,439 152,152
Depreciation
At 1 October 2023 28,081 3,568 31,649
Charge for the year 1,138 17,211 18,349
On disposals - (4,906) (4,906)
At 30 September 2024 29,219 15,873 45,092
Net book value
At 30 September 2024 7,494 99,566 107,060
At 30 September 2023 7,585 53,527 61,112
5 Debtors 2024 2023
£ £
Trade debtors 1,698 7,394
Other debtors 397,367 146,405
399,065 153,799
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 17,532 -
Trade creditors 10,503 5,486
Corporation tax 13,649 631
Other taxes and social security costs 14,015 17,992
Other creditors 614,565 505,606
670,264 529,715
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 35,064 -
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D Lincoln
Interest free, repayable on demand and unsecured (44,571) (254,060) 6,666 (291,965)
(44,571) (254,060) 6,666 (291,965)
9 Other information
Lincoln Healthcare Group is a private company limited by shares and incorporated in England. The registered office is:
Dene Farm House
34 Hole Lane
Sunniside
Newcastle upon Tyne
NE16 5NH
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