IRIS Accounts Production v22.1.4.3 09176652 Board of Directors 1.3.21 28.2.22 28.2.22 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure091766522021-02-28091766522022-02-28091766522021-03-012022-02-28091766522020-02-29091766522020-03-012021-02-28091766522021-02-2809176652ns16:EnglandWales2021-03-012022-02-2809176652ns15:PoundSterling2021-03-012022-02-2809176652ns11:Director12021-03-012022-02-2809176652ns11:PrivateLimitedCompanyLtd2021-03-012022-02-2809176652ns11:SmallEntities2021-03-012022-02-2809176652ns11:AuditExemptWithAccountantsReport2021-03-012022-02-2809176652ns11:SmallCompaniesRegimeForDirectorsReport2021-03-012022-02-2809176652ns11:SmallCompaniesRegimeForAccounts2021-03-012022-02-2809176652ns11:FullAccounts2021-03-012022-02-280917665212021-03-012022-02-2809176652ns11:Director22021-03-012022-02-2809176652ns11:Director32021-03-012022-02-2809176652ns11:RegisteredOffice2021-03-012022-02-2809176652ns6:CurrentFinancialInstruments2022-02-2809176652ns6:CurrentFinancialInstruments2021-02-2809176652ns6:ShareCapital2022-02-2809176652ns6:ShareCapital2021-02-2809176652ns6:SharePremium2022-02-2809176652ns6:SharePremium2021-02-2809176652ns6:RetainedEarningsAccumulatedLosses2022-02-2809176652ns6:RetainedEarningsAccumulatedLosses2021-02-2809176652ns6:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2809176652ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2021-03-012022-02-2809176652ns6:ComputerSoftware2021-03-012022-02-2809176652ns6:ComputerEquipment2021-03-012022-02-2809176652ns6:IntangibleAssetsOtherThanGoodwill2021-02-2809176652ns6:IntangibleAssetsOtherThanGoodwill2022-02-2809176652ns6:IntangibleAssetsOtherThanGoodwill2021-02-2809176652ns6:PlantMachinery2021-02-2809176652ns6:PlantMachinery2021-03-012022-02-2809176652ns6:PlantMachinery2022-02-2809176652ns6:PlantMachinery2021-02-2809176652ns6:CostValuation2021-02-2809176652ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2809176652ns6:WithinOneYearns6:CurrentFinancialInstruments2021-02-28




























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

SIHEALTH LTD

SIHEALTH LTD (REGISTERED NUMBER: 09176652)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

SIHEALTH LTD

COMPANY INFORMATION
for the year ended 28 February 2022







DIRECTORS: E Simeone
M Morelli
R Parker





REGISTERED OFFICE: Building R104
Rutherford Appleton Laboratory
Harwell Campus
Didcot
Oxfordshire
OX11 0QX





REGISTERED NUMBER: 09176652 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

SIHEALTH LTD (REGISTERED NUMBER: 09176652)

BALANCE SHEET
28 February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 383,090 198,802
Tangible assets 5 13,212 15,490
Investments 6 266,586 266,586
662,888 480,878

CURRENT ASSETS
Debtors 7 570,449 212,076
Cash at bank 566,234 1,401,818
1,136,683 1,613,894
CREDITORS
Amounts falling due within one year 8 68,995 80,843
NET CURRENT ASSETS 1,067,688 1,533,051
TOTAL ASSETS LESS CURRENT LIABILITIES 1,730,576 2,013,929

PROVISIONS FOR LIABILITIES 2,510 -
NET ASSETS 1,728,066 2,013,929

CAPITAL AND RESERVES
Called up share capital 266,312 266,312
Share premium 2,151,688 2,151,688
Retained earnings (689,934 ) (404,071 )
1,728,066 2,013,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 8 August 2022 and were signed on its behalf by:



E Simeone - Director


SIHEALTH LTD (REGISTERED NUMBER: 09176652)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2022

1. STATUTORY INFORMATION

siHealth Ltd 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" 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

SIHEALTH LTD (REGISTERED NUMBER: 09176652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2021 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2021 230,328
Additions 225,707
At 28 February 2022 456,035
AMORTISATION
At 1 March 2021 31,526
Charge for year 41,419
At 28 February 2022 72,945
NET BOOK VALUE
At 28 February 2022 383,090
At 28 February 2021 198,802

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021 33,802
Additions 9,507
Disposals (1,954 )
At 28 February 2022 41,355
DEPRECIATION
At 1 March 2021 18,312
Charge for year 11,777
Eliminated on disposal (1,946 )
At 28 February 2022 28,143
NET BOOK VALUE
At 28 February 2022 13,212
At 28 February 2021 15,490

SIHEALTH LTD (REGISTERED NUMBER: 09176652)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2022

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2021
and 28 February 2022 266,586
NET BOOK VALUE
At 28 February 2022 266,586
At 28 February 2021 266,586

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 250,000 62,311
Amounts owed by group undertakings 100 100
Other debtors 7,103 732
Tax 171,396 3,396
VAT 5,653 2,587
Prepayments and Accrued income 136,197 142,950
570,449 212,076

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade creditors 335 3,623
Social security and other taxes 19,061 35,607
Other creditors 8,866 5,467
Directors' current accounts - 21,750
Accruals and deferred income 40,733 14,396
68,995 80,843

9. OTHER FINANCIAL COMMITMENTS

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

28.02.2228.02.21
££
Between one and five years40,77711,086

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SIHEALTH LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of siHealth Ltd for the year ended 28 February 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of siHealth Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of siHealth Ltd and state those matters that we have agreed to state to the Board of Directors of siHealth Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that siHealth Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of siHealth Ltd. You consider that siHealth Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of siHealth Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................