Registered number
06150768
AKSHAR HEALTH CARE LIMITED
Unaudited Filleted Accounts
31 March 2023
AKSHAR HEALTH CARE LIMITED
Registered number: 06150768
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 250,000 250,725
Investments 4 100 100
250,100 250,825
Current assets
Debtors 5 366,306 381,339
Cash at bank and in hand 536,098 508,479
902,404 889,818
Creditors: amounts falling due within one year 6 (8,863) (21,124)
Net current assets 893,541 868,694
Net assets 1,143,641 1,119,519
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 35,682 35,682
Profit and loss account 1,107,859 1,083,737
Shareholders' funds 1,143,641 1,119,519
The director is 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 director acknowledges his 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.
Dr Shailesh Vadodaria
Director
Approved by the board on 20 December 2023
AKSHAR HEALTH CARE LIMITED
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:
Plant and machinery and fixtures and fittings 25% on cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 250,000 2,000 252,000
At 31 March 2023 250,000 2,000 252,000
Depreciation
At 1 April 2022 - 1,275 1,275
Charge for the year - 725 725
At 31 March 2023 - 2,000 2,000
Net book value
At 31 March 2023 250,000 - 250,000
At 31 March 2022 250,000 725 250,725
Freehold land and buildings: 2023 2022
£ £
Historical cost 214,318 214,318
Cumulative depreciation based on historical cost - -
214,318 214,318
The investment property was revalued by the director on 31/03/2022 by reference to market evidence of transaction prices for similar properties.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2022 100
At 31 March 2023 100
Above investment represents 100% shareholding in Rein Pain Limited.
5 Debtors 2023 2022
£ £
Other debtors-including inter company loans 366,306 381,339
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 5,747 6,643
Other creditors 3,116 14,481
8,863 21,124
7 Revaluation reserve 2023 2022
£ £
At 1 April 2022 35,682 -
Gain on revaluation of land and buildings - 35,682
At 31 March 2023 35,682 35,682
8 Controlling party
The ultimate controlling party is Dr Shailesh and Dr Bela Vadodaria by virtue of them holding 100% shares of the company.
9 Other information
AKSHAR HEALTH CARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3
Wilmington Close
Exchnage Road
Watford, Herts
WD18 0AF
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