Registered number
09841132
Business Health Partnership Limited
Filleted Accounts
31 October 2023
Business Health Partnership Limited
Registered number: 09841132
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 284 284
Tangible assets 4 20,631 21,668
20,915 21,952
Current assets
Stocks 3,275 3,677
Debtors 5 42,280 43,112
Cash at bank and in hand 19,023 41,348
64,578 88,137
Creditors: amounts falling due within one year 6 (37,459) (39,627)
Net current assets 27,119 48,510
Total assets less current liabilities 48,034 70,462
Creditors: amounts falling due after more than one year 7 (26,923) (30,371)
Provisions for liabilities (3,974) (4,171)
Net assets 17,137 35,920
Capital and reserves
Called up share capital 10 10
Profit and loss account 17,127 35,910
Shareholders' funds 17,137 35,920
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.
L Etherington
Director
Approved by the board on 22 December 2023
Business Health Partnership Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over 3 years
Motor vehicles over 5 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Intangible asset:
Cost
At 1 November 2022 284
At 31 October 2023 284
Amortisation
At 31 October 2023 -
Net book value
At 31 October 2023 284
At 31 October 2022 284
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 18,318 64,802 83,120
Additions 3,496 15,958 19,454
Disposals (5,000) (5,148) (10,148)
At 31 October 2023 16,814 75,612 92,426
Depreciation
At 1 November 2022 15,342 46,110 61,452
Charge for the year 1,983 16,846 18,829
On disposals (5,000) (3,486) (8,486)
At 31 October 2023 12,325 59,470 71,795
Net book value
At 31 October 2023 4,489 16,142 20,631
At 31 October 2022 2,976 18,692 21,668
5 Debtors 2023 2022
£ £
Trade debtors 26,381 22,823
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,346 2,344
Other debtors 12,553 17,945
42,280 43,112
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,433 4,444
Obligations under finance lease and hire purchase contracts - 5,393
Trade creditors 6,252 3,772
Taxation and social security costs 13,478 16,639
Other creditors 8,296 9,379
37,459 39,627
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 26,923 30,371
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
L Etherington
[Loan 1] 3,903 (3,903) -
S Etherington
[Loan 1] 4,000 - - 4,000
7,903 - (3,903) 4,000
9 Related party transactions
Included within other debtors is the amount of £4,000 (2022 - £9,443) from closed partipators. This amount is undated, unsecured, interest free and repayable upon demand.
# Controlling party
The parent company is SLE Holdings Limited and ultimate controlling party are the directors.
# Other information
Business Health Partnership Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
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