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Registration number: 04682292

Ideal Health Consultants Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2023

 

Ideal Health Consultants Limited

(Registration number: 04682292)
Statement of Financial Position as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

9,579

19,001

Tangible assets

5

30,197

27,001

Investments

6

2,098

2,098

 

41,874

48,100

Current assets

 

Debtors

7

2,870,398

3,344,864

Cash at bank and in hand

 

303,270

1,014,217

 

3,173,668

4,359,081

Creditors: Amounts falling due within one year

8

(2,372,578)

(3,755,246)

Net current assets

 

801,090

603,835

Total assets less current liabilities

 

842,964

651,935

Provisions for liabilities

(7,549)

(5,130)

Net assets

 

835,415

646,805

Capital and reserves

 

Called up share capital

5,000

5,000

Profit and loss account

830,415

641,805

Shareholders' funds

 

835,415

646,805

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 30 October 2023 and signed on its behalf by:
 

 

Ideal Health Consultants Limited

(Registration number: 04682292)
Statement of Financial Position as at 30 June 2023

.........................................
Mr C D C Brimble
Director

.........................................
Mrs K A Rusbridge
Director

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

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 and deferred 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.

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.

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Asset class

Depreciation method and rate

Short leasehold property

Straight line over the life of the lease

Fixtures and fittings

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other intangible assets

Straight line over 2 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 31 (2022 - 31).

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 July 2022

26,721

26,721

Additions acquired separately

145

145

At 30 June 2023

26,866

26,866

Amortisation

At 1 July 2022

7,720

7,720

Amortisation charge

9,567

9,567

At 30 June 2023

17,287

17,287

Carrying amount

At 30 June 2023

9,579

9,579

At 30 June 2022

19,001

19,001

5

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2022

12,301

105,832

118,133

Additions

-

10,895

10,895

At 30 June 2023

12,301

116,727

129,028

Depreciation

At 1 July 2022

10,204

80,928

91,132

Charge for the year

419

7,280

7,699

At 30 June 2023

10,623

88,208

98,831

Carrying amount

At 30 June 2023

1,678

28,519

30,197

At 30 June 2022

2,097

24,904

27,001

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Investments

2023
£

2022
£

Investments in subsidiaries

2,098

2,098

Subsidiaries

£

Cost or valuation

At 1 July 2022

2,098

Provision

Carrying amount

At 30 June 2023

2,098

At 30 June 2022

2,098

7

Debtors

Note

2023
£

2022
£

Trade debtors

 

1,404,273

1,735,843

Amounts owed by related parties

10

803,512

741,502

Other debtors

 

225,276

353,760

Prepayments

 

103,229

126,086

Accrued income

 

334,108

387,673

 

2,870,398

3,344,864

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Trade creditors

 

220,330

314,573

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

2,097

2,097

Taxation and social security

 

479,501

389,460

Accruals and deferred income

 

1,523,712

2,985,533

Other creditors

 

146,938

63,583

 

2,372,578

3,755,246

 

Ideal Health Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £311,967 (2022 - £40,417).

10

Related party transactions

During the year the amounts below were advanced to the directors. Interest was charged on the loans at the HMRC beneficial loan interest rates prevailing during the year. The loans are unsecured and repayable on demand.

Transactions with directors

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Amounts advanced

119,999

146,355

(91,000)

175,354

 

119,999

146,355

(91,000)

175,354

       

 

2022

At 1 July 2021
£

Advances to director
£

Repayments by director
£

At 30 June 2022
£

Amounts advanced

120,291

154,708

(155,000)

119,999

 

120,291

154,708

(155,000)

119,999