REGISTERED NUMBER: 08338655 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

NHC Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Carruth

E G Carruth

I A Carruth

REGISTERED OFFICE:

Unit 4 Didcot Way

Boldon Business Park

Boldon

NE35 9PD

REGISTERED NUMBER:

08338655 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

132,378

164,484

Tangible assets

5

394,971

294,431

527,349

458,915

CURRENT ASSETS

Stocks

1,031,877

669,607

Debtors

6

1,686,799

1,416,995

Cash at bank and in hand

248,543

838,071

2,967,219

2,924,673

CREDITORS

Amounts falling due within one year

7

1,575,990

1,528,442

NET CURRENT ASSETS

1,391,229

1,396,231

TOTAL ASSETS LESS CURRENT LIABILITIES

1,918,578

1,855,146

CREDITORS

Amounts falling due after more than one year

8

(142,122

)

(74,902

)

PROVISIONS FOR LIABILITIES

(104,000

)

(71,500

)

NET ASSETS

1,672,456

1,708,744

CAPITAL AND RESERVES

Called up share capital

10

24

24

Retained earnings

1,672,432

1,708,720

SHAREHOLDERS' FUNDS

1,672,456

1,708,744

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

E G Carruth - Director

1.	STATUTORY INFORMATION

NHC 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

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 consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company was a partner in Northern Healthcare partnership which ceased on 31 December 2023. Other income in the prior year represented the company's profit share from Northern Healthcare.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five 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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Leasehold improvements

-

33% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost and 15% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their useful economic lives. Those held under finance leases are depreciated over the useful economic lives ao the lease term,whichever is shorter.

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.

Debtors and creditors receivable/ payable

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

150,000

67,398

217,398

Additions

-

22,877

22,877

At 31 December 2024

150,000

90,275

240,275

AMORTISATION

At 1 January 2024

30,000

22,914

52,914

Charge for year

30,000

24,983

54,983

At 31 December 2024

60,000

47,897

107,897

NET BOOK VALUE

At 31 December 2024

90,000

42,378

132,378

At 31 December 2023

120,000

44,484

164,484

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Motor

improvements

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

73,608

19,736

114,182

332,406

539,932

Additions

19,058

-

12,664

269,883

301,605

Disposals

-

-

-

(86,848

)

(86,848

)

At 31 December 2024

92,666

19,736

126,846

515,441

754,689

DEPRECIATION

At 1 January 2024

56,208

10,732

43,981

134,580

245,501

Charge for year

14,104

3,947

30,783

121,962

170,796

Eliminated on disposal

-

-

-

(56,579

)

(56,579

)

At 31 December 2024

70,312

14,679

74,764

199,963

359,718

NET BOOK VALUE

At 31 December 2024

22,354

5,057

52,082

315,478

394,971

At 31 December 2023

17,400

9,004

70,201

197,826

294,431

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,194,157

1,035,695

Amounts owed by group undertakings

30,739

-

Other debtors

4,103

85,009

Directors' current accounts

-

1,217

Taxation

-

39,192

Prepayments and accrued income

457,800

255,882

1,686,799

1,416,995

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

138,945

79,018

Trade creditors

939,134

742,069

Amounts owed to group undertakings

234,912

500,561

Taxation

13,519

-

Social security and other taxes

42,750

29,545

VAT

47,053

86,622

Other creditors

25,695

25,000

Directors' current accounts

34,973

1,859

Accrued expenses

99,009

63,768

1,575,990

1,528,442

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

142,122

74,902

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

281,067

153,920

Hire purchase contracts are secured on the fixed assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

24

Ordinary

£1

24

24

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £144,446 (2023 :£92,422).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors repaid all amounts owed to the company leaving an amount owed to the company at the year end of £Nil (2023 - £1,216.)

13.	PARENT UNDERTAKING

The immediate and ultimate parent company is NHC Group Holdings Limited. These financial statements are included in the consolidated financial statements of NHC Group Holdings Limited. The parent's registered office address is Unit 4 Didcot Way, Boldon Business Park, Boldon, NE35 9PD.