REGISTERED NUMBER: 07553557 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Hornby Healthcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S K Ahitan

SECRETARY:

Mrs M Ahitan

REGISTERED OFFICE:

The Paddock

Hornby

Northallerton

North Yorkshire

DL6 2JH

REGISTERED NUMBER:

07553557 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

1,077,603

1,126,909

1,077,604

1,126,910

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

862,865

699,536

Cash at bank and in hand

93,353

288,727

961,218

993,263

CREDITORS

Amounts falling due within one year

7

327,836

305,572

NET CURRENT ASSETS

633,382

687,691

TOTAL ASSETS LESS CURRENT LIABILITIES

1,710,986

1,814,601

CREDITORS

Amounts falling due after more than one year

8

(894,394

)

(975,745

)

PROVISIONS FOR LIABILITIES

(9,460

)

(15,600

)

NET ASSETS

807,132

823,256

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

807,130

823,254

SHAREHOLDERS' FUNDS

807,132

823,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 December 2025 and were signed by:

S K Ahitan - Director

1.	STATUTORY INFORMATION

Hornby Healthcare 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 £.

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 2014, is being amortised evenly over its estimated useful life of four 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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Motor Vehicles

-

25% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% 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.

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 within one year

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 111 (2024 - 107 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

560,000

AMORTISATION

At 1 April 2024

and 31 March 2025

559,999

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Motor

property

property

Vehicles

£

£

£

COST

At 1 April 2024

and 31 March 2025

1,276,883

273,609

61,490

DEPRECIATION

At 1 April 2024

218,192

268,829

21,732

Charge for year

22,000

1,962

15,373

At 31 March 2025

240,192

270,791

37,105

NET BOOK VALUE

At 31 March 2025

1,036,691

2,818

24,385

At 31 March 2024

1,058,691

4,780

39,758

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

487,702

11,515

2,111,199

DEPRECIATION

At 1 April 2024

464,026

11,511

984,290

Charge for year

9,971

-

49,306

At 31 March 2025

473,997

11,511

1,033,596

NET BOOK VALUE

At 31 March 2025

13,705

4

1,077,603

At 31 March 2024

23,676

4

1,126,909

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

147,834

102,845

Other debtors

715,031

596,691

862,865

699,536

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

85,464

85,756

Trade creditors

45,488

33,664

Taxation and social security

82,295

82,801

Other creditors

114,589

103,351

327,836

305,572

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

894,394

975,745

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

590,872

652,722

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

979,858

1,061,501

The bank loans are secured against the freehold property of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £38,222 (2024 - £16,489).

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

S K Ahitan

Balance outstanding at start of year

400,820

324,813

Amounts advanced

66,536

80,475

Amounts repaid

-

(4,468

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

467,356

400,820