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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
Page
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Gian Healthcare Ltd Company Information for the year ended 31 October 2023
Director
B. Kwangwari
Secretary
M. Kwangwari
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
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Gian Healthcare Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
630,487 
624,567 
Current assets
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 
Capital and reserves
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
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Gian Healthcare Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
Foreign exchange
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 taxation
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
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 
VAT
- 
4,691 
Taxes and social security
45,445 
104,168 
Loans from directors
32,360 
22,319 
87,805 
141,178 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,000 
25,000 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Controlling party
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).
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