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REGISTERED NUMBER: 07570087 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

VICTORIA HEALTHCARE LIMITED

VICTORIA HEALTHCARE LIMITED (REGISTERED NUMBER: 07570087)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VICTORIA HEALTHCARE LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Nazam Ali Din





REGISTERED OFFICE: 5A Suffrage Street
Smethwick
Birmingham
West Midlands
B66 3PZ





REGISTERED NUMBER: 07570087 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

VICTORIA HEALTHCARE LIMITED (REGISTERED NUMBER: 07570087)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,058,365 1,155,763
Tangible assets 5 46,256 53,928
1,104,621 1,209,691

CURRENT ASSETS
Stocks 6 112,427 141,687
Debtors 7 317,876 276,000
Cash at bank and in hand 143,317 257,915
573,620 675,602
CREDITORS
Amounts falling due within one year 8 497,789 784,450
NET CURRENT ASSETS/(LIABILITIES) 75,831 (108,848 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,180,452

1,100,843

CREDITORS
Amounts falling due after more than one year 9 (211,881 ) (261,310 )

PROVISIONS FOR LIABILITIES 11 (4,385 ) (10,246 )
NET ASSETS 964,186 829,287

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 964,086 829,187
SHAREHOLDERS' FUNDS 964,186 829,287

VICTORIA HEALTHCARE LIMITED (REGISTERED NUMBER: 07570087)

Statement of Financial Position - continued
31 March 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 4 October 2023 and were signed by:





Nazam Ali Din - Director


VICTORIA HEALTHCARE LIMITED (REGISTERED NUMBER: 07570087)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Victoria 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.

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 2011, is being amortised evenly over its estimated useful life of twenty years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


VICTORIA HEALTHCARE LIMITED (REGISTERED NUMBER: 07570087)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Holiday pay
Holiday pay is recognised as an expense in the in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1,947,957
AMORTISATION
At 1 April 2022 792,194
Amortisation for year 97,398
At 31 March 2023 889,592
NET BOOK VALUE
At 31 March 2023 1,058,365
At 31 March 2022 1,155,763

VICTORIA HEALTHCARE LIMITED (REGISTERED NUMBER: 07570087)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 2 68,365 18,600 86,967
Additions - 4,046 - 4,046
Disposals - - (3,500 ) (3,500 )
At 31 March 2023 2 72,411 15,100 87,513
DEPRECIATION
At 1 April 2022 - 24,421 8,618 33,039
Charge for year - 7,199 2,496 9,695
Eliminated on disposal - - (1,477 ) (1,477 )
At 31 March 2023 - 31,620 9,637 41,257
NET BOOK VALUE
At 31 March 2023 2 40,791 5,463 46,256
At 31 March 2022 2 43,944 9,982 53,928

6. STOCKS
2023 2022
£    £   
Stocks 112,427 141,687

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 217,522 217,126
Other debtors 29,400 -
VAT 61,708 25,764
Prepayments 9,246 33,110
317,876 276,000

VICTORIA HEALTHCARE LIMITED (REGISTERED NUMBER: 07570087)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 25,990 25,990
Trade creditors 208,871 236,560
Corporation Tax 60,002 86,752
Social security and other taxes 2,489 6,906
Other creditors 19,443 23,598
Directors' current accounts 158,195 388,117
Accrued expenses 22,799 16,527
497,789 784,450

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 211,881 261,310

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 107,921 157,350

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 25,990 25,990

Amounts falling due between one and two years:
Bank loans - 1-2 years 25,990 25,990

Amounts falling due between two and five years:
Bank loans - 2-5 years 77,970 77,970

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 107,921 157,350

VICTORIA HEALTHCARE LIMITED (REGISTERED NUMBER: 07570087)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,385 10,246

Deferred
tax
£   
Balance at 1 April 2022 10,246
Provided during year (5,861 )
Balance at 31 March 2023 4,385

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
69 Ordinary A 1 69 69
30 Ordinary B 1 30 30
1 Ordinary C 1 1 1
100 100

Each Ordinary A, B & C Share has one voting right and equal rights to dividends and distribution.

13. RESERVES
Retained
earnings
£   

At 1 April 2022 829,187
Profit for the year 162,899
Dividends (28,000 )
At 31 March 2023 964,086