| REGISTERED NUMBER: |
| SUPERIOR PAYROLL LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 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. |
| for and on behalf of |
| 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. |