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REGISTERED NUMBER: 12109328 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

MAI HEALTH LTD

MAI HEALTH LTD (REGISTERED NUMBER: 12109328)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAI HEALTH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: M A Iqbal
Mrs N W Hussain





SECRETARY:





REGISTERED OFFICE: 14 Southbrook Terrace
Bradford
West Yorkshire
BD7 1AD





REGISTERED NUMBER: 12109328 (England and Wales)





ACCOUNTANTS: Southbrook Accountants Limited
14 Southbrook Terrace
Bradford
West Yorkshire
BD7 1AD

MAI HEALTH LTD (REGISTERED NUMBER: 12109328)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,105 618

CURRENT ASSETS
Debtors 5 1,700 996
Cash at bank 25,483 22,913
27,183 23,909
CREDITORS
Amounts falling due within one year 6 33,122 22,649
NET CURRENT (LIABILITIES)/ASSETS (5,939 ) 1,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,834

)

1,878

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (3,838 ) 1,874
SHAREHOLDERS' FUNDS (3,834 ) 1,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





M A Iqbal - Director


MAI HEALTH LTD (REGISTERED NUMBER: 12109328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

MAI Health Ltd 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.

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 cost
Computer equipment - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MAI HEALTH LTD (REGISTERED NUMBER: 12109328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 985 1,350 2,335
Additions 1,003 1,522 2,525
At 31 July 2023 1,988 2,872 4,860
DEPRECIATION
At 1 August 2022 380 1,337 1,717
Charge for year 91 947 1,038
At 31 July 2023 471 2,284 2,755
NET BOOK VALUE
At 31 July 2023 1,517 588 2,105
At 31 July 2022 605 13 618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,700 996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 26,027 21,122
Other creditors 7,095 1,527
33,122 22,649

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made the following related party transactions:

Mr M A Iqbal (Director)

At the balance sheet date the amount due to Mr M A Iqbal was £5,227 (2022 - £251).

Mrs N W Hussain (Director)

At the balance sheet date the amount due to Mrs N W Hussain was £318 (2022 - £475).

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A Iqbal.