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REGISTERED NUMBER: 07360169 (England and Wales)


















DIRECT HEALTHCARE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021






DIRECT HEALTHCARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07360169)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DIRECT HEALTHCARE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: Mr J E Puttick
Mrs B R Puttick





REGISTERED OFFICE: Old Station House
Station Approach
Newport Street
Swindon
Wiltshire
SN1 3DU





REGISTERED NUMBER: 07360169 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Old Station House
Station Approach
Newport Street
Swindon
Wiltshire
SN1 3DU

DIRECT HEALTHCARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07360169)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2021

30/9/21 30/9/20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 106,992 60,370
106,992 60,370

CURRENT ASSETS
Stocks 129,456 61,556
Debtors 6 147,458 105,811
Cash at bank 60,698 88,814
337,612 256,181
CREDITORS
Amounts falling due within one year 7 247,147 175,754
NET CURRENT ASSETS 90,465 80,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,457

140,797

CREDITORS
Amounts falling due after more than
one year

8

(84,020

)

(58,385

)

PROVISIONS FOR LIABILITIES (20,130 ) (11,292 )
NET ASSETS 93,307 71,120

DIRECT HEALTHCARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07360169)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2021

30/9/21 30/9/20
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,207 71,020
SHAREHOLDERS' FUNDS 93,307 71,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 9 September 2022 and were signed on its behalf by:





Mr J E Puttick - Director


DIRECT HEALTHCARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07360169)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. STATUTORY INFORMATION

Direct Healthcare Solutions 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.

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 for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

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 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.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks & work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is included where the outcome of the project may reasonably be determined.


DIRECT HEALTHCARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07360169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 6 ) .

DIRECT HEALTHCARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07360169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 October 2020
and 30 September 2021 3,000
AMORTISATION
At 1 October 2020
and 30 September 2021 3,000
NET BOOK VALUE
At 30 September 2021 -
At 30 September 2020 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2020 2,362 10,071 80,927 93,360
Additions - 6,659 57,921 64,580
Disposals - - (10,995 ) (10,995 )
At 30 September 2021 2,362 16,730 127,853 146,945
DEPRECIATION
At 1 October 2020 2,362 4,304 26,324 32,990
Charge for year - 1,690 12,789 14,479
Eliminated on disposal - - (7,516 ) (7,516 )
At 30 September 2021 2,362 5,994 31,597 39,953
NET BOOK VALUE
At 30 September 2021 - 10,736 96,256 106,992
At 30 September 2020 - 5,767 54,603 60,370

DIRECT HEALTHCARE SOLUTIONS LIMITED (REGISTERED NUMBER: 07360169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/21 30/9/20
£    £   
Trade debtors 139,042 103,213
Other debtors 8,416 2,598
147,458 105,811

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/21 30/9/20
£    £   
Bank loans and overdrafts 10,087 1,982
Hire purchase contracts 13,690 9,974
Trade creditors 156,277 62,503
Taxation and social security 15,272 52,215
Other creditors 51,821 49,080
247,147 175,754

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/9/21 30/9/20
£    £   
Bank loans 36,690 23,018
Hire purchase contracts 47,330 35,367
84,020 58,385

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,062