Registered number
09146129
ESSENTIAL-HEALTHCARE LTD
Filleted Accounts
31 July 2023
ESSENTIAL-HEALTHCARE LTD
Registered number: 09146129
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,857 18,929
Current assets
Stocks 154,540 134,574
Debtors 4 5,608,705 4,352,765
Cash at bank and in hand 2,565,179 3,425,680
8,328,424 7,913,019
Creditors: amounts falling due within one year 5 (1,682,519) (3,185,844)
Net current assets 6,645,905 4,727,175
Net assets 6,656,762 4,746,104
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,656,662 4,746,004
Shareholders' funds 6,656,762 4,746,104
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.
Mr Niketkumar Dipakkumar Shah
Director
Approved by the board on 30 July 2024
ESSENTIAL-HEALTHCARE LTD
Notes to the Accounts
for the year ended 31 July 2023
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.
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 5 years
Fixtures, fittings, tools and equipment 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 40,359
At 31 July 2023 40,359
Depreciation
At 1 August 2022 21,430
Charge for the year 8,072
At 31 July 2023 29,502
Net book value
At 31 July 2023 10,857
At 31 July 2022 18,929
4 Debtors 2023 2022
£ £
Trade debtors 398,505 342,565
Amounts owed by the undertakings in which the company has a participating interest 5,200,000 4,000,000
Other debtors 10,200 10,200
5,608,705 4,352,765
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 453,595 1,546,843
Taxation and social security costs 1,205,085 1,024,679
Other creditors 23,839 614,322
1,682,519 3,185,844
6 Other information
ESSENTIAL-HEALTHCARE LTD is a private company limited by shares and incorporated in England. Its registered office is:
249 Ongar Road
Brentwood
Essex
CM15 9DZ
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