Company Registration No. 09266552 (England and Wales)
Gian Healthcare Ltd
Unaudited accounts
for the year ended 31 October 2023
Gian Healthcare Ltd
Unaudited accounts
Contents
Gian Healthcare Ltd
Company Information
for the year ended 31 October 2023
Company Number
09266552 (England and Wales)
Registered Office
173-191 Wellington Road North
Stockport
Cheshire
SK1 3UA
United Kingdom
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Gian Healthcare Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
630,487
624,567
Cash at bank and in hand
26,819
209,682
Creditors: amounts falling due within one year
(87,805)
(141,178)
Net current (liabilities)/assets
(60,986)
68,504
Total assets less current liabilities
569,501
693,071
Creditors: amounts falling due after more than one year
(15,000)
(25,000)
Net assets
554,501
668,071
Called up share capital
1
1
Profit and loss account
554,500
668,070
Shareholders' funds
554,501
668,071
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 April 2024 and were signed on its behalf by
B. Kwangwari
Director
Company Registration No. 09266552
Gian Healthcare Ltd
Notes to the Accounts
for the year ended 31 October 2023
Gian Healthcare Ltd is a private company, limited by shares, registered in England and Wales, registration number 09266552. The registered office is 173-191 Wellington Road North, Stockport, Cheshire, SK1 3UA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance basis
Fixtures & fittings
25% Reducing balance basis
Computer equipment
33% Straight line basis
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Gian Healthcare Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 November 2022
541,113
15,533
102,032
47,989
49,451
756,118
Additions
-
-
-
46,791
8,772
55,563
At 31 October 2023
541,113
15,533
102,032
94,780
58,223
811,681
At 1 November 2022
5,292
6,796
72,517
22,677
24,269
131,551
Charge for the year
2,646
2,184
7,379
18,026
19,408
49,643
At 31 October 2023
7,938
8,980
79,896
40,703
43,677
181,194
At 31 October 2023
533,175
6,553
22,136
54,077
14,546
630,487
At 31 October 2022
535,821
8,737
29,515
25,312
25,182
624,567
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Taxes and social security
45,445
104,168
Loans from directors
32,360
22,319
6
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The company is under the control of B. Kwangwari by virtue of his shareholding.
9
Average number of employees
During the year the average number of employees was 91 (2022: 84).