Alert Health 24 Limited - Limited company accounts 20.1

REGISTERED NUMBER: 09348521 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 September 2020

for

Alert Health 24 Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

C Coyle

Ms A Coyle

C Walsh

S P Churches

SECRETARY:

C Coyle

REGISTERED OFFICE:

Pure Offices

Pastures Avenue

St Georges

Weston-Super-Mare

BS22 7SB

REGISTERED NUMBER:

09348521 (England and Wales)

AUDITORS:

SHERIDAN CLARKE LTD

STATUTORY AUDITORS

BRIDGE HOUSE

25-27 THE BRIDGE

HARROW

HA3 5AB

The directors present their strategic report for the year ended 30 September 2020.

REVIEW OF BUSINESS

It has been a challenging first year for the business due to the global Covid-19 pandemic, and its effect on the healthcare sector.

The company had a very good start to the year's trading from October 2019 to January 2020, and then from February to August 2020, it was adversely affected by the government restrictions introduced in relation to Covid-19. The company used the government support available to ensure that it survived this difficult period.

During the lockdown period, winning new business became more challenging as many care establishments were restricted in allowing new individuals into their premises.

The company was able to ensure that existing relationships remained and grew stronger during the crisis.

With cost cutting where possible, the company managed to survive this period, so that when restrictions were lifted in August, the company was in a place to recover.

The Directors are looking to grow the company as restrictions continue to be lifted, working to a strategic 5 year growth plan.

The Directors believe the company could have an excellent 2021 financial year recovering the loss of sales that were made during the peak of the Covid pandemic.

Adequate finance is available to take advantage of business opportunities as they may arise in the future.

PRINCIPAL RISKS AND UNCERTAINTIES

The Covid Pandemic is the largest risk faced by the company along with the sector in which it operates. The company has used some government support during the peak of the crisis, which has helped it to retain staff. The company has come out of the pandemic in a good position, but if further government lockdowns are needed in the future, there would be an impact on the company's trading results.

Brexit is the second biggest risk to the company looking ahead. As the business is a UK focused company, without international clients, this limits its exposure. However, a risk remains in ensuring the company has access to qualified healthcare workers due to the impact of Brexit. This has been mitigated by automating the company's database and interfaces with its workers to develop a unique selling point for the business.

The introduction of the new IR35 rules in April 2021 is one of the fundamental changes to the recruitment sector and could have a major impact on revenues and margins throughout the industry in which the company operates. Very robust systems and internal processes have been developed and the company has taken the best possible advice to ensure that it is fully compliant and able to be a good position compared with its competitors.

It is not considered necessary for an understanding of the development, performance or position of the company's business to comment here on environmental matters, the entity's employees or social, community and human rights issues. However, the company is very much aware and respectful of such matters and takes them in to account when planning and implementing business policy and procedures.

ON BEHALF OF THE BOARD:

C Coyle - Director

15 June 2021

The directors present their report with the financial statements of the company for the year ended 30 September 2020.

COMMENCEMENT OF TRADING

The company commenced trading on 1 October 2019.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of recruitment services to the healthcare sector.

DIVIDENDS

No dividends will be distributed for the year ended 30 September 2020.

DIRECTORS

C Coyle has held office during the whole of the period from 1 October 2019 to the date of this report.

Other changes in directors holding office are as follows:

Ms A Coyle - appointed 1 December 2019

C Walsh - appointed 10 October 2019

S P Churches - appointed 1 December 2019

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, SHERIDAN CLARKE LTD, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C Coyle - Director

15 June 2021

Opinion

We have audited the financial statements of Alert Health 24 Limited (the 'company') for the year ended 30 September 2020 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 September 2020 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

-	the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ms Anna Clarke (Senior Statutory Auditor)

for and on behalf of SHERIDAN CLARKE LTD

STATUTORY AUDITORS

BRIDGE HOUSE

25-27 THE BRIDGE

HARROW

HA3 5AB

15 June 2021

TURNOVER

558,309

-

Cost of sales

371,059

-

GROSS PROFIT

187,250

-

Administrative expenses

241,274

-

(54,024

)

-

Other operating income

3

49,503

-

OPERATING LOSS and

LOSS BEFORE TAXATION

(4,521

)

-

Tax on loss

6

-

-

LOSS FOR THE FINANCIAL YEAR

(4,521

)

-

LOSS FOR THE YEAR

(4,521

)

-

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(4,521

)

-

CURRENT ASSETS

Debtors

7

102,069

-

Prepayments and accrued income

7,936

-

Cash at bank

5,601

100

115,606

100

CREDITORS

Amounts falling due within one year

8

73,163

-

NET CURRENT ASSETS

42,443

100

TOTAL ASSETS LESS CURRENT LIABILITIES

42,443

100

CREDITORS

Amounts falling due after more than one year

9

46,864

-

NET (LIABILITIES)/ASSETS

(4,421

)

100

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

(4,521

)

-

SHAREHOLDERS' FUNDS

(4,421

)

100

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2021 and were signed on its behalf by:

C Coyle - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

100

-

100

Balance at 30 September 2019

100

-

100

Changes in equity

Total comprehensive income

-

(4,521

)

(4,521

)

Balance at 30 September 2020

100

(4,521

)

(4,421

)

Cash flows from operating activities

Cash generated from operations

1

(66,681

)

-

Net cash from operating activities

(66,681

)

-

Cash flows from financing activities

New loans in year

50,000

-

Share issue

-

100

Increase in group company creditors

22,182

-

Net cash from financing activities

72,182

100

Increase in cash and cash equivalents

5,501

100

Cash and cash equivalents at beginning of year

2

100

-

Cash and cash equivalents at end of year

2

5,601

100

1.	RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

30.9.20

30.9.19

£

£

Loss before taxation

(4,521

)

-

Increase in trade and other debtors

(110,005

)

-

Increase in trade and other creditors

47,845

-

Cash generated from operations

(66,681

)

-

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2020

30.9.20

1.10.19

£

£

Cash and cash equivalents

5,601

100

Year ended 30 September 2019

30.9.19

1.10.18

£

£

Cash and cash equivalents

100

-

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.10.19

Cash flow

At 30.9.20

£

£

£

Net cash

Cash at bank

100

5,501

5,601

100

5,501

5,601

Debt

Debts falling due within 1 year

-

(3,136

)

(3,136

)

Debts falling due after 1 year

-

(46,864

)

(46,864

)

-

(50,000

)

(50,000

)

Total

100

(44,499

)

(44,399

)

1.	STATUTORY INFORMATION

Alert Health 24 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 (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has the ongoing support of its holding company and other group companies. The directors believe that the company is able to meet its working capital requirements for a period of at least one year from the approval of these accounts. The company has adequate finance in place to enable it to take advantage of new business opportunities in the future. They therefore consider the company to be a going concern and have prepared accounts on this basis.

Turnover

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

Government grants

Amounts receivable by the company under the Coronavirus Job Retention Scheme are accounted for when received. Income received under this scheme is included within other income in the profit and loss account.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction cost. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

Deferred tax is only provided for when material. The Directors have decided that deferred tax is not material this year.

3.	OTHER OPERATING INCOME

30.9.20

30.9.19

£

£

Government grants

49,503

-

4.	EMPLOYEES AND DIRECTORS

30.9.20

30.9.19

£

£

Wages and salaries

137,016

-

Social security costs

12,388

-

149,404

-

The average number of employees during the year was as follows:

30.9.20

30.9.19

Sales

3

-

30.9.20

30.9.19

£

£

Directors' remuneration

34,650

-

5.	OPERATING LOSS

The operating loss is stated after charging:

30.9.20

30.9.19

£

£

Auditors' remuneration

2,500

-

6.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 30 September 2020 nor for the year ended 30 September 2019.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

99,673

-

Other debtors

2,396

-

102,069

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts (see note 10)

3,136

-

Trade creditors

3,770

-

Amounts owed to group undertakings

22,182

-

Social security and other taxes

12,942

-

Other creditors

28,249

-

Accruals and deferred income

2,884

-

73,163

-

For details regarding amounts due to group companies see note 14.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans (see note 10)

46,864

-

10.

LOANS

An analysis of the maturity of loans is given below:

30.9.20

30.9.19

£

£

Amounts falling due within one year or on demand:

Bank loans

3,136

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,575

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

37,289

-

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.20

30.9.19

£

£

Within one year

17,360

-

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

Deficit for the year

(4,521

)

At 30 September 2020

(4,521

)

14.	RELATED PARTY DISCLOSURES

C. Coyle, A. Coyle and C. Walsh are also directors of Coyle Personnel Limited.

At the year end, £22,182 (2019: £nil) was owed to Coyle Personnel Limited.

No trading took place between these companies.

Alert Health 24 Limited is 70% owned by Greencastle Holdings Limited, a company controlled by Mr K. Coyle who is the ultimate controlling entity. Copies of the accounts of the holding company, Greencastle Holdings Limited can be obtained from its registered office of Kemp House, 152-160 City Road, Old Street, London EC1V 2NX.