Company Registration No. 3981641 (England and Wales)
Woodend Healthcare Limited
Unaudited accounts
for the year ended 31 March 2023
Woodend Healthcare Limited
Unaudited accounts
Contents
Woodend Healthcare Limited
Statement of financial position
as at 31 March 2023
Tangible assets
552,628
577,501
Inventories
315,159
297,817
Debtors
1,511,207
1,557,654
Cash at bank and in hand
487
1,248
Creditors: amounts falling due within one year
(1,445,582)
(1,078,711)
Net current assets
381,271
778,008
Total assets less current liabilities
933,900
1,355,510
Creditors: amounts falling due after more than one year
(614,053)
(1,067,834)
Net assets
319,847
287,676
Called up share capital
100
100
Profit and loss account
319,747
287,576
Shareholders' funds
319,847
287,676
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 9 August 2023 and were signed on its behalf by
M S Dobb
Director
Company Registration No. 3981641
Woodend Healthcare Limited
Notes to the Accounts
for the year ended 31 March 2023
Woodend Healthcare Limited is a private company, limited by shares, registered in England and Wales, registration number 3981641. The registered office is 103 WOODEND ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B24 8NT.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on straight line basis
Motor vehicles
20% on the reducing balance
Fixtures & fittings
10% on the reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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.
Woodend Healthcare Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
At 31 March 2023
3,062,475
At 31 March 2023
3,062,475
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
660,601
34,487
330,960
1,026,048
At 31 March 2023
660,601
34,487
330,960
1,026,048
At 1 April 2022
188,074
22,839
237,634
448,547
Charge for the year
13,212
2,329
9,332
24,873
At 31 March 2023
201,286
25,168
246,966
473,420
At 31 March 2023
459,315
9,319
83,994
552,628
At 31 March 2022
472,527
11,648
93,326
577,501
6
Investments
Subsidiary undertakings
Valuation at 1 April 2022
1
Valuation at 31 March 2023
1
The company owns 100% of the ordinary share capital of Ossett Pharmacy Limited. The company made a profit of £ 40348 during the year. The company's Capital and Reserves at the year end amounted to £ (775879).
Amounts falling due within one year
Trade debtors
452,247
516,461
Amounts due from group undertakings etc.
922,255
917,244
Other debtors
80,000
80,000
Woodend Healthcare Limited
Notes to the Accounts
for the year ended 31 March 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
602,743
502,406
Trade creditors
704,033
483,116
Taxes and social security
24,206
13,589
Other creditors
69,600
69,600
Loans from directors
45,000
10,000
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
614,053
1,067,834
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
-
35,000
-
35,000
Directors loan Account
10,000
-
-
10,000
12
Average number of employees
During the year the average number of employees was 38 (2022: 33).