Registered number
10487601
KEYNSHAM HEALTHCARE LIMITED
Filleted Accounts
31 January 2024
KEYNSHAM HEALTHCARE LIMITED
Registered number: 10487601
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 159,534 -
Tangible assets 4 9,695 12,048
169,229 12,048
Current assets
Stocks 105,000 50,938
Debtors 5 717,955 587,110
Cash at bank and in hand 61,906 43,103
884,861 681,151
Creditors: amounts falling due within one year 6 (699,785) (377,997)
Net current assets 185,076 303,154
Total assets less current liabilities 354,305 315,202
Creditors: amounts falling due after more than one year 7 (18,238) (28,575)
Provisions for liabilities (2,327) (2,289)
Net assets 333,740 284,338
Capital and reserves
Called up share capital 2 2
Profit and loss account 333,738 284,336
Shareholders' funds 333,740 284,338
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.
Ramesh Yadav
Director
Approved by the board on 29 April 2024
KEYNSHAM HEALTHCARE LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.
Other intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Goodwill - 10 years
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:
Fixtures, fittings, tools and equipment 20% reducing balance
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.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 2024 2023
Number Number
Average number of persons employed by the company 15 9
3 Intangible fixed assets £
Goodwill:
Cost
Additions 165,035
At 31 January 2024 165,035
Amortisation
Provided during the year 5,501
At 31 January 2024 5,501
Net book value
At 31 January 2024 159,534
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixture & fittings
£
Cost
At 1 February 2023 35,689
Additions 2,000
At 31 January 2024 37,689
Depreciation
At 1 February 2023 23,641
Charge for the year 4,353
At 31 January 2024 27,994
Net book value
At 31 January 2024 9,695
At 31 January 2023 12,048
5 Debtors 2024 2023
£ £
Trade debtors 247,906 85,225
Amounts owed from group undertakings 174,911 402,618
VAT Repayable 30,381 93,949
Other debtors 264,757 5,318
717,955 587,110
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,355 10,355
Trade creditors 395,625 199,464
Taxation and social security costs 87,818 32,594
Net wages account 2,734 8,403
Pension payable 835 390
Other creditors 202,418 126,791
699,785 377,997
Bank loan of £10,355 (2023 - £10,355) is unsecured Bounce back loan.
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,238 28,575
Bank loan of £18,238 (2023 - £28,575) is unsecured Bounce back loan.
11 Controlling party
The company is under the control of the directors Mr Ramesh Yadav (50% share) and Mrs Rubina Shah(50% share), by virtue of the fact that between them they own 100% of the issued share capital.
12 Other information
KEYNSHAM HEALTHCARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 South Parade
Chew Magna
Bristol
England
BS40 8SH
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