The Burton Addiction Centre Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03539372 (England and Wales)

The Burton Addiction Centre Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Oliver

A D Oliver

REGISTERED OFFICE:

12 Bridgford Road

West Bridgford

Nottingham

NG2 6AB

REGISTERED NUMBER:

03539372 (England and Wales)

ACCOUNTANTS:

Brooks Mayfield Limited

Chartered Accountants

12 Bridgford Road

West Bridgford

Nottinghamshire

NG2 6AB

FIXED ASSETS

Tangible assets

5

2,237,043

2,287,354

Investment property

6

371,002

371,002

2,608,045

2,658,356

CURRENT ASSETS

Debtors

7

287,218

214,963

Cash at bank and in hand

28,425

13,653

315,643

228,616

CREDITORS

Amounts falling due within one year

8

(1,002,105

)

(914,467

)

NET CURRENT LIABILITIES

(686,462

)

(685,851

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,921,583

1,972,505

CREDITORS

Amounts falling due after more than one year

9

(1,292,701

)

(1,475,207

)

PROVISIONS FOR LIABILITIES

(21,829

)

(18,506

)

NET ASSETS

607,053

478,792

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

606,053

477,792

SHAREHOLDERS' FUNDS

607,053

478,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 12th December 2023 and were signed on its behalf by:

N M Oliver - Director

1.	STATUTORY INFORMATION

The Burton Addiction Centre 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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

Soft furnishings

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 99 (2022 - 94 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Soft

property

leasehold

furnishings

£

£

£

COST

At 1st April 2022

2,378,943

233,509

48,693

Additions

-

-

-

At 31st March 2023

2,378,943

233,509

48,693

DEPRECIATION

At 1st April 2022

417,885

151,036

36,976

Charge for year

44,765

11,796

1,834

At 31st March 2023

462,650

162,832

38,810

NET BOOK VALUE

At 31st March 2023

1,916,293

70,677

9,883

At 31st March 2022

1,961,058

82,473

11,717

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2022

463,087

46,455

256,754

3,427,441

Additions

38,995

-

26,638

65,633

At 31st March 2023

502,082

46,455

283,392

3,493,074

DEPRECIATION

At 1st April 2022

309,371

29,482

195,337

1,140,087

Charge for year

27,298

4,243

26,008

115,944

At 31st March 2023

336,669

33,725

221,345

1,256,031

NET BOOK VALUE

At 31st March 2023

165,413

12,730

62,047

2,237,043

At 31st March 2022

153,716

16,973

61,417

2,287,354

Included in the cost of land and buildings is freehold land of £269,677 (2021 - £269,667) which is depreciated.

Included in the total net book value of tangible fixed assets held at 31 March 2023 was £11,316 (2022 £16,793) was for vehicles held on hire purchase.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2022

and 31st March 2023

371,002

NET BOOK VALUE

At 31st March 2023

371,002

At 31st March 2022

371,002

The directors reviewed the valuation of the investment property on 31 March 2023 against the current market values at that date, and they do not believe that the value of the investment property is materially different to the value stated on the balance sheet. As such no further revaluation has been made.

At the balance sheet date the carrying value of revaluations included within investment properties was £nil (2022: £nil).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

168,806

82,458

Amounts owed by group undertakings

34,198

-

Other debtors

84,214

132,505

287,218

214,963

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

147,269

170,940

Hire purchase contracts

7,686

7,686

Trade creditors

113,816

190,194

Amounts owed to group undertakings

219,397

184,002

Taxation and social security

86,069

67,733

Other creditors

427,868

293,912

1,002,105

914,467

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

600,923

729,693

Hire purchase contracts

4,195

11,881

Other creditors

687,583

733,633

1,292,701

1,475,207

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

177,676

219,256

10.	SECURED DEBTS

The bank loans and overdraft is secured over the freehold and investment properties held in the company. The hire purchase liability is secured on the motor vehicles held on those agreements.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1,000

Ordinary

1

1,000

1,000