Company registration number 03038492 (England and Wales)
ALPHA HEALTHCARE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
ALPHA HEALTHCARE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ALPHA HEALTHCARE HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
27,324
22,831
Investments
6
4
4
27,328
22,835
Current assets
Debtors
7
603,906
650,137
Cash at bank and in hand
52,917
48,437
656,823
698,574
Creditors: amounts falling due within one year
8
(102,893)
(134,042)
Net current assets
553,930
564,532
Total assets less current liabilities
581,258
587,367
Provisions for liabilities
(2,950)
(1,012)
Net assets
578,308
586,355
Capital and reserves
Called up share capital
9
111
111
Profit and loss reserves
578,197
586,244
Total equity
578,308
586,355
ALPHA HEALTHCARE HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2023
31 August 2023
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 6 March 2024 and are signed on its behalf by:
Mr B C J Carter
Director
Company Registration No. 03038492
ALPHA HEALTHCARE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 3 -
1
Accounting policies
Company information

Alpha Healthcare Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, Harrison Close, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8PA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance
Computer equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ALPHA HEALTHCARE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2022 and 31 August 2023
225,000
Amortisation and impairment
At 1 September 2022 and 31 August 2023
225,000
Carrying amount
At 31 August 2023
-
0
At 31 August 2022
-
0
ALPHA HEALTHCARE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 5 -
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 September 2022
253,975
26,189
280,164
Additions
-
0
12,434
12,434
At 31 August 2023
253,975
38,623
292,598
Depreciation and impairment
At 1 September 2022
240,802
16,531
257,333
Depreciation charged in the year
1,979
5,962
7,941
At 31 August 2023
242,781
22,493
265,274
Carrying amount
At 31 August 2023
11,194
16,130
27,324
At 31 August 2022
13,173
9,658
22,831
5
Taxation
2023
2022
£
£
Deferred tax
Origination and reversal of timing differences
1,938
1,847
6
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
4
4
Fixed asset investments not carried at market value

Fixed asset investments are shown at cost.

7
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
300
Amounts owed by group undertakings
165
165
Other debtors
566,437
610,491
Prepayments and accrued income
37,304
39,181
603,906
650,137
ALPHA HEALTHCARE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 6 -
8
Creditors: amounts falling due within one year
2023
2022
£
£
Other borrowings
-
0
5,544
Trade creditors
37,784
36,765
Amounts owed to group undertakings
24,315
24,315
Taxation and social security
390
333
Other creditors
-
0
2
Accruals and deferred income
40,404
67,083
102,893
134,042
9
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
111 Ordinary shares of £1 each
111
111
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