REGISTERED NUMBER: 13601987 (England and Wales)

Fylde Care Group Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

SJ Bellamy

J Bellamy

REGISTERED OFFICE:

Seafield 101 Breck Road

Poulton-Le-Fylde

Lancashire

FY6 7HJ

REGISTERED NUMBER:

13601987 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Intangible assets

4

309,290

351,891

Tangible assets

5

3,150,828

2,637,180

3,460,118

2,989,071

CURRENT ASSETS

Debtors

6

35,454

48,872

Cash at bank

126,504

120,014

161,958

168,886

CREDITORS

Amounts falling due within one year

7

382,047

325,516

NET CURRENT LIABILITIES

(220,089

)

(156,630

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,240,029

2,832,441

CREDITORS

Amounts falling due after more than one year

8

(2,681,255

)

(2,576,240

)

PROVISIONS FOR LIABILITIES

10

(132,530

)

(46,664

)

NET ASSETS

426,244

209,537

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

426,242

209,535

SHAREHOLDERS' FUNDS

426,244

209,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:

SJ Bellamy - Director

1.	STATUTORY INFORMATION

Fylde Care Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Freehold land is not depreciated. No depreciation is provided on the company's freehold and long leasehold buildings as the directors consider that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, overdrafts, loans and funding, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2023 - 77 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

419,999

6,010

426,009

AMORTISATION

At 1 January 2024

72,918

1,200

74,118

Charge for year

42,001

600

42,601

At 31 December 2024

114,919

1,800

116,719

NET BOOK VALUE

At 31 December 2024

305,080

4,210

309,290

At 31 December 2023

347,081

4,810

351,891

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

2,450,524

208,588

24,912

2,684,024

Additions

135,963

444,566

4,820

585,349

At 31 December 2024

2,586,487

653,154

29,732

3,269,373

DEPRECIATION

At 1 January 2024

-

41,396

5,448

46,844

Charge for year

-

67,546

4,155

71,701

At 31 December 2024

-

108,942

9,603

118,545

NET BOOK VALUE

At 31 December 2024

2,586,487

544,212

20,129

3,150,828

At 31 December 2023

2,450,524

167,192

19,464

2,637,180

The company's land and buildings are subject to a mortgage charge in favour of the company's bank,

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

5,510

23,096

Tax

25

-

Prepayments and accrued income

29,919

25,776

35,454

48,872

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

98,001

42,000

Payments on account

82,466

73,353

Trade creditors

81,519

95,079

Corporation tax

-

37,657

Social security and other taxes

28,960

19,377

Directors' current accounts

22,377

35,235

Accruals and deferred income

68,724

22,815

382,047

325,516

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

392,000

168,000

Bank loans more 5 yr by instal

789,255

408,240

Directors' loan accounts

1,500,000

2,000,000

2,681,255

2,576,240

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

789,255

408,240

The directors loan account is unsecured.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,279,256

618,240

The bank loans are secured on the assets of the company. Interest is payable at normal commercial rates.

The directors have agreed with the company's bankers to maintain a loan balance of at least £1.5m and this will not be repaid in full or in part without the prior consent of the bank.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

132,530

46,664

Deferred tax

£

Balance at 1 January 2024

46,664

Provided during year

85,866

Balance at 31 December 2024

132,530

Deferred tax has been provided using a tax rate of 25%.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

12.	RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by the directors, Mr JA Bellamy and Mrs SJ Bellamy, by virtue of their shareholdings.

Interest of £34,252 has been accrued in respect of loans due to the directors and has been calculated using a commercial rate of interest.