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Registration number: 04650229

Teaching Health Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

Teaching Health Limited

Company Information

Director

Richard Brownhill

Company secretary

Diana Joesephine Brownhill

Registered office

64 Buckingham Road
Cheadle Hulme
Cheadle
SK8 5NA

 

Teaching Health Limited

(Registration number: 04650229)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

936

1,404

Current assets

 

Debtors

5

156,305

144,453

Cash at bank and in hand

 

1,736

3,909

 

158,041

148,362

Creditors: Amounts falling due within one year

6

(16,404)

(15,536)

Net current assets

 

141,637

132,826

Total assets less current liabilities

 

142,573

134,230

Creditors: Amounts falling due after more than one year

6

(3,912)

(5,488)

Net assets

 

138,661

128,742

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

137,661

127,742

Shareholders' funds

 

138,661

128,742

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Teaching Health Limited

(Registration number: 04650229)
Balance Sheet as at 31 January 2023

Approved and authorised by the director on 25 October 2023
 


Richard Brownhill
Director

 

Teaching Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
64 Buckingham Road
Cheadle Hulme
Cheadle
SK8 5NA

These financial statements were authorised for issue by the director on 25 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been prepared in UK Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Teaching Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Teaching Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2022

2,735

2,735

At 31 January 2023

2,735

2,735

Depreciation

At 1 February 2022

1,331

1,331

Charge for the year

468

468

At 31 January 2023

1,799

1,799

Carrying amount

At 31 January 2023

936

936

At 31 January 2022

1,404

1,404

5

Debtors

Current

2023
£

2022
£

Trade debtors

15,008

11,226

Other debtors

141,297

133,227

 

156,305

144,453

 

Teaching Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

1,520

1,482

Taxation and social security

 

6,509

10,978

Other creditors

 

8,375

3,076

 

16,404

15,536

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

3,912

5,488

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

3,912

5,488

 

Teaching Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

2023
£

2022
£

Current loans and borrowings

Bank borrowings

1,520

1,482

9

Related party transactions

Loans to related parties

2023

R W Brownhill
£

Total
£

At start of period

101,539

101,539

Advanced

17,611

17,611

Repaid

(11,577)

(11,577)

At end of period

107,573

107,573

2022

R W Brownhill
£

Total
£

At start of period

80,949

80,949

Advanced

24,118

24,118

Repaid

(3,528)

(3,528)

At end of period

101,539

101,539

Terms of loans to related parties

Amounts advanced are with no set terms of repayment, with interest being charged at an average rate of 2.25% per annum. During the year interest amounting to £2,326 (2022: £2,030) was charged on the amount outstanding and added to the loan.