Registered number
07119358
TOPKINS HEALTHCARE LIMITED
Filleted Accounts
31 March 2023
TOPKINS HEALTHCARE LIMITED
Registered number: 07119358
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 45,262 1,867
Investments 4 613,439 613,439
658,701 615,306
Current assets
Stocks 49,025 44,572
Debtors 5 173,095 194,055
Cash at bank and in hand 425,607 325,632
647,727 564,259
Creditors: amounts falling due within one year 6 (272,336) (404,820)
Net current assets 375,391 159,439
Net assets 1,034,092 774,745
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,033,992 774,645
Shareholders' funds 1,034,092 774,745
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.
MR B G SHAH
Director
Approved by the board on 20 December 2023
TOPKINS HEALTHCARE 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:
Fixtures, fittings, and equipment 15% reducing balance basis
Motor Vehicle straight line basis over 7 years
Investments
Investment property is shown at fair value as at the balance sheet date. Changes in fair value are included in the profit and loss account. The fair value of the property at the balance sheet date has not changed significantly from the acquisition cost, hence no adjustment has been made to the profit and loss account and the value of the property on the Balance Sheet.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 7
3 Tangible fixed assets
Fixtures,fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2022 4,568 - 4,568
Additions 5,013 46,370 51,383
At 31 March 2023 9,581 46,370 55,951
Depreciation
At 1 April 2022 2,701 - 2,701
Charge for the year 1,032 6,956 7,988
At 31 March 2023 3,733 6,956 10,689
Net book value
At 31 March 2023 5,848 39,414 45,262
At 31 March 2022 1,867 - 1,867
4 Investments
Investment
property
£
Cost
At 1 April 2022 613,439
At 31 March 2023 613,439
5 Debtors 2023 2022
£ £
Trade debtors 144,593 167,954
Other debtors 28,502 26,101
173,095 194,055
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 139,998 138,381
Directors' loan account 56,895 101,323
Other taxes and social security costs 2,570 3,927
Other creditors 72,873 161,189
272,336 404,820
7 Other information
TOPKINS HEALTHCARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Station Road
Harpenden
Hertfordshire
AL5 4SE
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