Company registration number 11516139 (England and Wales)
KOMPLEX GROUP LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KOMPLEX GROUP LIMITED
COMPANY INFORMATION
Directors
Mr T Roe
Mrs S P Lane
Mr A M Zaib
Ms N Madeley
Company number
11516139
Registered office
St James House
Floor 3 Hollinswood Road
Central Park
Telford
England
TF2 9TZ
Accountants
Beavis Morgan LLP
Accountants, Business and Tax Advisers
82 St John Street
London
EC1M 4JN
KOMPLEX GROUP LIMITED
CONTENTS
Page
Directors' report
1
Profit and loss account
2
Group balance sheet
3 - 4
Company balance sheet
5
Group statement of changes in equity
6
Company statement of changes in equity
7
Notes to the financial statements
8 - 18
KOMPLEX GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company continued to be that of a holding company. The principal activity of the group continued to be that of medical nursing home activities.

Results and dividends

The results for the year are set out on page 2.

No ordinary dividends were paid. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr T Roe
Mrs S P Lane
Mr A M Zaib
Ms N Madeley
Mr S Davies
(Resigned 1 October 2024)
Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

 

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

 

There is no employee share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr T Roe
Director
26 June 2025
KOMPLEX GROUP LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
2024
2023
Notes
£
£
Turnover
15,101,066
11,215,386
Cost of sales
(8,308,949)
(7,184,403)
Gross profit
6,792,117
4,030,983
Administrative expenses
(6,115,006)
(3,104,140)
Other operating income
-
4,754
Operating profit
677,111
931,597
Interest payable and similar expenses
(192,205)
(248,545)
Profit before taxation
484,906
683,052
Tax on profit
(138,728)
(122,656)
Profit for the financial year
346,178
560,396
Profit for the financial year is all attributable to the owners of the parent company.
KOMPLEX GROUP LIMITED
GROUP BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 3 -
2024
2023
Notes
£
£
£
£
Fixed assets
Goodwill
4
1,838,623
1,576,413
Negative goodwill
4
(86,417)
(99,220)
Net goodwill
1,752,206
1,477,193
Tangible assets
5
169,985
164,906
Current assets
Debtors
8
861,791
1,395,272
Cash at bank and in hand
153,143
90,543
1,014,934
1,485,815
Creditors: amounts falling due within one year
9
(1,573,949)
(2,083,870)
Net current liabilities
(559,015)
(598,055)
Total assets less current liabilities
1,363,176
1,044,044
Creditors: amounts falling due after more than one year
10
(187,178)
(214,230)
Net assets
1,175,998
829,814
Capital and reserves
Called up share capital
13
16
10
Profit and loss reserves
1,175,982
829,804
Total equity
1,175,998
829,814

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

Directors' responsibilities under the Companies Act 2006:

 

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

KOMPLEX GROUP LIMITED
GROUP BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 4 -
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:
26 June 2025
Mr T Roe
Director
Company registration number 11516139 (England and Wales)
KOMPLEX GROUP LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 5 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
13,524
-
0
Investments
6
149
146
13,673
146
Current assets
Debtors
8
830,930
-
0
Cash at bank and in hand
4,534
-
0
835,464
-
0
Creditors: amounts falling due within one year
9
(1,160,418)
(146)
Net current liabilities
(324,954)
(146)
Net liabilities
(311,281)
-
0
Capital and reserves
Called up share capital
13
16
10
Profit and loss reserves
(311,297)
(10)
Total equity
(311,281)
-
0

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s loss for the year was £311,287 (2023 - £8,990 profit).

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 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.

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

These financial statements have been prepared 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:
26 June 2025
Mr T Roe
Director
Company registration number 11516139 (England and Wales)
KOMPLEX GROUP LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
10
278,408
278,418
Year ended 31 December 2023:
Profit and total comprehensive income
-
560,396
560,396
Dividends
-
(9,000)
(9,000)
Balance at 31 December 2023
10
829,804
829,814
Year ended 31 December 2024:
Profit and total comprehensive income
-
346,178
346,178
Issue of share capital
13
6
-
6
Balance at 31 December 2024
16
1,175,982
1,175,998
KOMPLEX GROUP LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
10
-
0
10
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
8,990
8,990
Dividends
-
(9,000)
(9,000)
Balance at 31 December 2023
10
(10)
-
0
Year ended 31 December 2024:
Profit and total comprehensive income
-
(311,287)
(311,287)
Issue of share capital
13
6
-
6
Balance at 31 December 2024
16
(311,297)
(311,281)
KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
1
Accounting policies
Company information

Komplex Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is St James House, Floor 3 Hollinswood Road, Central Park, Telford, England, TF2 9TZ.

 

The group consists of Komplex Group Limited and all of its subsidiaries.

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. A summary of the principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Komplex Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

 

All financial statements are made up to 31 December 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 9 -
1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.7
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:

Leasehold land and buildings
20% on cost
Plant and equipment
20% on cost
Fixtures and fittings
20% on cost
Computers
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 recognised in the profit and loss account.

1.8
Fixed asset investments

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

 

In the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 10 -
1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

 

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and 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.

KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 11 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.12
Equity instruments

Equity instruments issued by the group 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 group.

1.13
Taxation

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

KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 12 -
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 group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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 if, and only if, there is 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.

1.14
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.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

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

1.16
Leases

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 leased asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 13 -
3
Employees

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

Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
Total
302
236
-
0
-
0
4
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 January 2024
1,733,052
Additions
480,341
At 31 December 2024
2,213,393
Amortisation and impairment
At 1 January 2024
255,859
Amortisation charged for the year
205,328
At 31 December 2024
461,187
Carrying amount
At 31 December 2024
1,752,206
At 31 December 2023
1,477,193
The company had no intangible fixed assets at 31 December 2024 or 31 December 2023.
KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
5
Tangible fixed assets
Group
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
-
0
229,100
229,100
Additions
5,554
49,851
55,405
At 31 December 2024
5,554
278,951
284,505
Depreciation and impairment
At 1 January 2024
-
0
64,194
64,194
Depreciation charged in the year
741
49,585
50,326
At 31 December 2024
741
113,779
114,520
Carrying amount
At 31 December 2024
4,813
165,172
169,985
At 31 December 2023
-
0
164,906
164,906
Company
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
-
0
-
0
-
0
Additions
5,554
9,630
15,184
At 31 December 2024
5,554
9,630
15,184
Depreciation and impairment
At 1 January 2024
-
0
-
0
-
0
Depreciation charged in the year
741
919
1,660
At 31 December 2024
741
919
1,660
Carrying amount
At 31 December 2024
4,813
8,711
13,524
6
Fixed asset investments
Group
Company
2024
2023
2024
2023
£
£
£
£
Shares in group undertakings and participating interests
-
-
149
146
KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
6
Fixed asset investments
(Continued)
- 15 -
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024
146
Additions
3
At 31 December 2024
149
Carrying amount
At 31 December 2024
149
At 31 December 2023
146
7
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Address
Nature of business
Class of
% Held
shares held
Direct
Komplex Care Limited
England and Wales
Medical nursing home activities
Ordinary
100.00
Komplex Health Limited
England and Wales
Medical nursing home activities
Ordinary
100.00
Komplex Community Limited
England and Wales
Medical nursing home activities
Ordinary
100.00
Rola Property Limited
England and Wales
Property letting and maintenance
Ordinary
100.00
Komplex Direct
England and Wales
Medical nursing home activities
Ordinary
100.00
Belgravia Healthcare Limited
England and Wales
Medical nursing home activities
Ordinary
100.00
Kudos Support Limited
England and Wales
Dormant
Ordinary
100.00
1
Rola Property Limited is registered at 82 St. John Street, London, England, EC1M 4JN
2
All other subsidaries listed above are registered at St James House, Floor 3 Hollinswood Road, Central Park, Telford, England, TF2 9TZ.
KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
8
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
143,913
686,848
-
0
-
0
Amounts owed by group
-
0
-
0
807,378
-
0
Other debtors
717,878
708,424
23,552
-
861,791
1,395,272
830,930
-
9
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
£
£
£
£
Bank loans
10,113
10,269
-
0
-
0
Obligations under finance leases
19,367
Other borrowings
51,420
Trade creditors
274,087
206,543
59,210
-
0
Amounts owed to group undertakings
-
0
-
0
1,015,322
146
Corporation tax payable
238,269
122,656
-
0
-
0
Other taxation and social security
289,832
733,872
54,537
-
0
Other creditors
690,861
1,010,530
31,349
-
0
1,573,949
2,083,870
1,160,418
146

A fixed and floating charge over all assets, property and undertakings of group is held by BCRS CIEF Limited for the provision of the loan facilities. At the balance sheet date, the group owed £73,023 (2023: £102,914) to BCRS CIEF Limited.

 

A fixed and floating charge over all assets of the group is held by Zodeq Limited for the provision of an invoice discount facility. At the balance sheet date, the group was owed £58,030 from Zodeq Limited (2023: £45,385 owed to Zodeq Limited), this amount is included within other debtors and other creditors.

 

A fixed and floating charge over all assets of the subsidiary, Komplex Community Limited, is held by Art Share Limited for the provision of a loan facility. At the balance sheet date, the group owed £10,578 (2023: £16,926) to Art Share Limited, this amount is included within other borrowings.

 

 

KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 17 -
10
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans and overdrafts
11
14,358
24,328
-
0
-
0
Obligations under finance leases
12
87,490
106,856
-
0
-
0
Other borrowings
11
85,330
83,046
-
0
-
0
187,178
214,230
-
-
11
Loans and overdrafts
Group
Company
2024
2023
2024
2023
£
£
£
£
Bank loans
24,471
34,597
-
0
-
0
Other loans
136,750
225,423
-
-
161,221
260,020
-
-
Payable within one year
61,533
152,646
-
-
Payable after one year
99,688
107,374
-
0
-
0

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 loans received by subsidiary undertakings of Komplex Group Limited:

 

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 was received 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 £23,226 (2023: £nil).

 

A £50,000 loan received from Funding Circle on 25 January 2024. The loan is repayable by monthly instalments of £1,825 and interest charged is charged on the loan. At the balance sheet date, the outstanding loan balance was £29,924 (2023: £nil).

 

A £30,000 loan received from Art Share on 25 November 2020. The loan is repayable in full over 60 months and interest is charged on the loan at a rate of 15% over the base rate per annum. At the balance sheet date, the outstanding loan balance was £10,578 (2023: £16,926).

 

KOMPLEX GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 18 -
12
Finance lease obligations
Group
Company
2024
2023
2024
2023
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
19,367
16,800
-
0
-
0
In two to five years
87,490
106,856
-
0
-
0
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.

13
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
16
10
16
10
14
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Group
Company
2024
2023
2024
2023
£
£
£
£
265,789
295,789
-
-
15
Related party transactions

The company has taken advantage of the exemptions under FRS 102 not to disclose transactions with fellow group members on the basis that consolidated accounts are prepared.

 

At the balance sheet date, Belgravia Home Healthcare LLP, a related party by virtue of common control, owed the group £337,811 (2023: £nil).

 

At the balance sheet date, the group owed £132,255 (2023: £417,515) to directors of the company. The amounts owed are interest free, repayable on demand and included within other creditors in the accounts.

 

 

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