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REGISTERED NUMBER: 08123142 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Bans Healthcare Limited

Bans Healthcare Limited (Registered number: 08123142)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bans Healthcare Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: B Dhir
N Dhir





REGISTERED OFFICE: Fawdon Park Pharmacy
9 Fawdon Park Road
Newcastle Upon Tyne
NE3 2PE





REGISTERED NUMBER: 08123142 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Bans Healthcare Limited (Registered number: 08123142)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 607,500 675,000
Tangible assets 6 57,814 68,820
665,314 743,820

CURRENT ASSETS
Stocks 52,393 42,766
Debtors 7 308,746 125,298
Cash at bank and in hand 28,574 47,636
389,713 215,700
CREDITORS
Amounts falling due within one year 8 208,654 218,168
NET CURRENT ASSETS/(LIABILITIES) 181,059 (2,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

846,373

741,352

PROVISIONS FOR LIABILITIES 5,009 5,898
NET ASSETS 841,364 735,454

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 841,264 735,354
841,364 735,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





B Dhir - Director


Bans Healthcare Limited (Registered number: 08123142)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Bans Healthcare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

Bans Healthcare Limited (Registered number: 08123142)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 1,350,000
AMORTISATION
At 1 August 2022 675,000
Charge for year 67,500
At 31 July 2023 742,500
NET BOOK VALUE
At 31 July 2023 607,500
At 31 July 2022 675,000

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2022 119,789 59,653 179,442
Additions 1,048 - 1,048
At 31 July 2023 120,837 59,653 180,490
DEPRECIATION
At 1 August 2022 66,699 43,923 110,622
Charge for year 8,121 3,933 12,054
At 31 July 2023 74,820 47,856 122,676
NET BOOK VALUE
At 31 July 2023 46,017 11,797 57,814
At 31 July 2022 53,090 15,730 68,820

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 114,183 53,132
Directors' current accounts 179,442 55,612
VAT 15,121 16,554
308,746 125,298

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 148,896 178,832
Tax 54,304 36,645
Social security and other taxes 2,851 781
Directors' current accounts 693 -
Accruals and deferred income 1,910 1,910
208,654 218,168

Bans Healthcare Limited (Registered number: 08123142)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
B Dhir and N Dhir
Balance outstanding at start of year 55,612 (61,265 )
Amounts advanced 287,830 456,570
Amounts repaid (144,000 ) (339,693 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 199,442 55,612