Registered number
07141369
Y D HEALTHCARE Ltd
Filleted Accounts
31 March 2023
Y D HEALTHCARE Ltd
Registered number: 07141369
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 20,135 32,667
Current assets
Stocks 2,290 2,570
Debtors 4 63,986 131,557
Cash at bank and in hand 53,656 63,204
119,932 197,331
Creditors: amounts falling due within one year 5 (65,736) (100,621)
Net current assets 54,196 96,710
Total assets less current liabilities 74,331 129,377
Creditors: amounts falling due after more than one year 6 (13,500) (19,500)
Net assets 60,831 109,877
Capital and reserves
Called up share capital 100 100
Profit and loss account 60,731 109,777
Shareholders' funds 60,831 109,877
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Swift
Director
Approved by the board on 19 October 2023
Y D HEALTHCARE Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Building improvements over 5 years
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 23,150 24,284 55,399 102,833
Additions - 2,346 6,000 8,346
Disposals - - (16,420) (16,420)
At 31 March 2023 23,150 26,630 44,979 94,759
Depreciation
At 1 April 2022 9,160 16,766 44,240 70,166
Charge for the year 4,630 3,588 4,450 12,668
On disposals - - (8,210) (8,210)
At 31 March 2023 13,790 20,354 40,480 74,624
Net book value
At 31 March 2023 9,360 6,276 4,499 20,135
At 31 March 2022 13,990 7,518 11,159 32,667
4 Debtors 2023 2022
£ £
Trade debtors 59,390 127,816
Other debtors 4,596 3,741
63,986 131,557
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,000 6,000
Trade creditors 5,150 3,482
Taxation and social security costs 27,997 62,914
Other creditors 26,589 28,225
65,736 100,621
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,500 19,500
7 Related party transactions
Included in other creditors are amounts owed to directors of £26,589 (2022:£28,225).
8 Controlling party
The company is controlled by Mr D Swift.
9 Other information
Y D HEALTHCARE Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit B6
Shawfield Road
Barnsley
S71 3HS
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