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REGISTERED NUMBER: 14243849 (England and Wales)
















SUPERIOR PAYROLL LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






SUPERIOR PAYROLL LTD (REGISTERED NUMBER: 14243849)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SUPERIOR PAYROLL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S Richards
S Thorp
C Thorp





REGISTERED OFFICE: 2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL





REGISTERED NUMBER: 14243849 (England and Wales)





AUDITORS: Lakeview Southern Audit Limited
Chartered Accountants and
Statutory Auditors
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

SUPERIOR PAYROLL LTD (REGISTERED NUMBER: 14243849)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Debtors 4 45,015 531,799
Cash at bank 11,480 2,344
56,495 534,143
CREDITORS
Amounts falling due within one year 5 56,375 534,023
NET CURRENT ASSETS 120 120
TOTAL ASSETS LESS CURRENT
LIABILITIES

120

120

CAPITAL AND RESERVES
Called up share capital 120 120
SHAREHOLDERS' FUNDS 120 120

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





S Thorp - Director


SUPERIOR PAYROLL LTD (REGISTERED NUMBER: 14243849)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Superior Payroll Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial instruments
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other income
Income is recorded in the period to which the payroll expense is incurred on behalf of the group.

SUPERIOR PAYROLL LTD (REGISTERED NUMBER: 14243849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 12 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed by group undertakings 44,515 531,799
Other debtors 500 -
45,015 531,799

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 144 -
Amounts owed to group undertakings - 502,014
Taxation and social security 42,689 26,901
Other creditors 13,542 5,108
56,375 534,023

6. FINANCIAL INSTRUMENTS

The company has basic financial debt instruments which are all measured at cost. These include other debtors, cash at bank, trade creditors and other creditors.

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

The Report of the Auditors was unqualified.

Adrian Hull (Senior Statutory Auditor)
for and on behalf of Lakeview Southern Audit Limited

8. PENSION COMMITMENTS

The company makes contributions to a defined contribution pension scheme. During the year contributions of £25,448 (2023: £11,335) were paid by the company. The contributions are those specified under the legal requirements of Auto-enrolment. The cost of these contributions are charged to the statement of comprehensive income on an accruals basis as they become payable under the scheme.

9. RELATED PARTY DISCLOSURES

The company was owed £693 (2023: £120) by its parent company The Superior Healthcare Group Holdings Ltd, £103 (2023: £477,376) by The Superior Healthcare Group Ltd, £NIL (2023: £54,303) by HRS Healthcare Ltd, £43,719 (2023: £NIL) by Healthcare Investment Group Limited and owed £NIL (2023: £502,014) to Superior Nursing Services Ltd at 30 September 2024, fellow subsidiaries within the Healthcare Investment Group.

In the year payroll costs of £1,655,486 (2023: £877,683) were incurred by the company on behalf of the group. These costs have been recharged in the year to the relevant group companies at cost.

SUPERIOR PAYROLL LTD (REGISTERED NUMBER: 14243849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. PRINCIPAL PLACE OF BUSINESS

The company's principal place of business is Gazette House, 5-8 Estuary View Business Park, Boorman Way, Whitstable, Kent, CT5 3SE.

11. ULTIMATE PARENT COMPANY

Healthcare Investment Group Limited is regarded by the directors as being the company's ultimate parent company.

The registered office where the financial statements may be obtained is 2 Lakeview Stables, Lower St. Clere, Kemsing, Sevenoaks, Kent, TN15 6NL.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are S Thorp and C Thorp.