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Company Registration No. 07727700 (England and Wales)
Health Inc. Limited Unaudited accounts for the year ended 31 August 2023
Health Inc. Limited Unaudited accounts Contents
Page
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Health Inc. Limited Company Information for the year ended 31 August 2023
Director
Miss V E Cole
Company Number
07727700 (England and Wales)
Registered Office
67 South Street Cottingham Hull Yorkshire HU16 4AP UK
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Health Inc. Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,281 
68,514 
Current assets
Cash at bank and in hand
26,048 
68,351 
Creditors: amounts falling due within one year
13,887 
(18,065)
Net current assets
39,935 
50,286 
Total assets less current liabilities
90,216 
118,800 
Creditors: amounts falling due after more than one year
(51,506)
(65,116)
Provisions for liabilities
Deferred tax
(9,554)
(13,018)
Net assets
29,156 
40,666 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
29,055 
40,565 
Shareholders' funds
29,156 
40,666 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 October 2023 and were signed on its behalf by
Miss V E Cole Director Company Registration No. 07727700
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Health Inc. Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Health Inc. Limited is a private company, limited by shares, registered in England and Wales, registration number 07727700. The registered office is 67 South Street , Cottingham , Hull, Yorkshire , HU16 4AP , UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Cost
Motor vehicles
20% Reducing Balance
Fixtures & fittings
25% on Cost
Computer equipment
25% on Cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Health Inc. Limited Notes to the Accounts for the year ended 31 August 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
35,336 
77,521 
28,452 
26,940 
168,249 
Additions
- 
- 
1,906 
1,429 
3,335 
At 31 August 2023
35,336 
77,521 
30,358 
28,369 
171,584 
Depreciation
At 1 September 2022
26,960 
27,907 
28,265 
16,603 
99,735 
Charge for the year
6,438 
9,923 
633 
4,574 
21,568 
At 31 August 2023
33,398 
37,830 
28,898 
21,177 
121,303 
Net book value
At 31 August 2023
1,938 
39,691 
1,460 
7,192 
50,281 
At 31 August 2022
8,376 
49,614 
187 
10,337 
68,514 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,250 
6,000 
Obligations under finance leases and hire purchase contracts
7,110 
6,273 
Taxes and social security
11,656 
- 
Other creditors
258 
322 
Loans from directors
(39,161)
5,470 
(13,887)
18,065 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,809 
19,308 
Obligations under finance leases and hire purchase contracts
38,697 
45,808 
51,506 
65,116 
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Health Inc. Limited Notes to the Accounts for the year ended 31 August 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
1 Ordinary B shares of £1 each
1 
1 
101 
101 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Miss V E Cole
Loan to Director
- 
39,161 
- 
39,161 
- 
39,161 
- 
39,161 
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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