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REGISTERED NUMBER: 03338847 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Select... Health Care (UK) Limited

Select... Health Care (UK) Limited (Registered number: 03338847)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Select... Health Care (UK) Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: R.D Paine





SECRETARY: T.D Paine





REGISTERED OFFICE: 24 Rectory Road
West Bridgford
Nottingham
Nottinghamshire
NG2 6BG





REGISTERED NUMBER: 03338847 (England and Wales)





ACCOUNTANTS: Bexons
Chartered Accountants
24 Rectory Road
West Bridgford
Nottingham
Nottinghamshire
NG2 6BG

Select... Health Care (UK) Limited (Registered number: 03338847)

Balance Sheet
31 March 2023

'23 '22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 236,222 225,141

CURRENT ASSETS
Stocks 462,807 476,862
Debtors 4 350,510 324,027
Cash at bank 291,405 205,951
1,104,722 1,006,840
CREDITORS
Amounts falling due within one year 5 473,576 566,021
NET CURRENT ASSETS 631,146 440,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

867,368

665,960

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 867,268 665,860
SHAREHOLDERS' FUNDS 867,368 665,960

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2023 and were signed by:





R.D Paine - Director


Select... Health Care (UK) Limited (Registered number: 03338847)

Notes to the Financial Statements
for the year ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% 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 Income Statement, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

Select... Health Care (UK) Limited (Registered number: 03338847)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 273,660 50,211 44,835 132,148 500,854
Additions - - - 25,470 25,470
At 31 March 2023 273,660 50,211 44,835 157,618 526,324
DEPRECIATION
At 1 April 2022 79,045 48,145 38,697 109,826 275,713
Charge for year 5,473 516 1,227 7,173 14,389
At 31 March 2023 84,518 48,661 39,924 116,999 290,102
NET BOOK VALUE
At 31 March 2023 189,142 1,550 4,911 40,619 236,222
At 31 March 2022 194,615 2,066 6,138 22,322 225,141

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
'23 '22
£    £   
Trade debtors 340,731 287,012
Other debtors 2,125 25,709
VAT 5,088 -
Prepayments 2,566 11,306
350,510 324,027

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
'23 '22
£    £   
Trade creditors 108,663 203,819
Tax 63,359 68,258
Social security and other taxes 36,288 44,457
Other creditors 250,221 235,526
Accrued expenses 15,045 13,961
473,576 566,021

6. CONTROLLING PARTY

Select Healthcare (UK) Limited is controlled by Mr R Paine, by virtue of his ownership of 90% of the share capital of the company.