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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
Page
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Woodend Healthcare Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
552,628 
577,501 
Investments
1 
1 
552,629 
577,502 
Current assets
Inventories
315,159 
297,817 
Debtors
1,511,207 
1,557,654 
Cash at bank and in hand
487 
1,248 
1,826,853 
1,856,719 
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 
Capital and reserves
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
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Woodend Healthcare Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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 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
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
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.
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.
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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Woodend Healthcare Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
3,062,475 
At 31 March 2023
3,062,475 
Amortisation
At 1 April 2022
3,062,475 
At 31 March 2023
3,062,475 
Net book value
At 31 March 2023
- 
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 
Depreciation
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 
Net book value
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).
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
56,705 
43,949 
Trade debtors
452,247 
516,461 
Amounts due from group undertakings etc.
922,255 
917,244 
Other debtors
80,000 
80,000 
1,511,207 
1,557,654 
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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 
1,445,582 
1,078,711 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
614,053 
1,067,834 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M S Dobb
Directors Loan Account
- 
35,000 
- 
35,000 
J S Dhillon
Directors loan Account
10,000 
- 
- 
10,000 
10,000 
35,000 
- 
45,000 
12
Average number of employees
During the year the average number of employees was 38 (2022: 33).
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