IRIS Accounts Production v24.1.9.2 03421879 director 1.11.22 31.10.23 31.10.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034218792022-10-31034218792023-10-31034218792022-11-012023-10-31034218792021-10-31034218792021-11-012022-10-31034218792022-10-3103421879ns15:EnglandWales2022-11-012023-10-3103421879ns14:PoundSterling2022-11-012023-10-3103421879ns10:Director12022-11-012023-10-3103421879ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3103421879ns10:SmallEntities2022-11-012023-10-3103421879ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3103421879ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3103421879ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3103421879ns10:FullAccounts2022-11-012023-10-310342187912022-11-012023-10-3103421879ns10:OrdinaryShareClass12022-11-012023-10-3103421879ns10:CompanySecretary12022-11-012023-10-3103421879ns10:RegisteredOffice2022-11-012023-10-3103421879ns5:CurrentFinancialInstruments2023-10-3103421879ns5:CurrentFinancialInstruments2022-10-3103421879ns5:Non-currentFinancialInstruments2023-10-3103421879ns5:Non-currentFinancialInstruments2022-10-3103421879ns5:ShareCapital2023-10-3103421879ns5:ShareCapital2022-10-3103421879ns5:RetainedEarningsAccumulatedLosses2023-10-3103421879ns5:RetainedEarningsAccumulatedLosses2022-10-3103421879ns5:NetGoodwill2022-11-012023-10-3103421879ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3103421879ns5:ShortLeaseholdAssetsns5:LandBuildings2022-11-012023-10-3103421879ns5:LeaseholdImprovements2022-11-012023-10-3103421879ns5:FurnitureFittings2022-11-012023-10-3103421879ns5:ComputerEquipment2022-11-012023-10-3103421879ns5:NetGoodwill2022-10-3103421879ns5:NetGoodwill2023-10-3103421879ns5:NetGoodwill2022-10-3103421879ns5:ShortLeaseholdAssetsns5:LandBuildings2022-10-3103421879ns5:LeaseholdImprovements2022-10-3103421879ns5:FurnitureFittings2022-10-3103421879ns5:ComputerEquipment2022-10-3103421879ns5:ShortLeaseholdAssetsns5:LandBuildings2023-10-3103421879ns5:LeaseholdImprovements2023-10-3103421879ns5:FurnitureFittings2023-10-3103421879ns5:ComputerEquipment2023-10-3103421879ns5:ShortLeaseholdAssetsns5:LandBuildings2022-10-3103421879ns5:LeaseholdImprovements2022-10-3103421879ns5:FurnitureFittings2022-10-3103421879ns5:ComputerEquipment2022-10-3103421879ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3103421879ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3103421879ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-10-3103421879ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-10-3103421879ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 03421879 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Everwell Chinese Medical Centre Ltd

Everwell Chinese Medical Centre Ltd (Registered number: 03421879)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Everwell Chinese Medical Centre Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr G F Ren





SECRETARY: Dr H Sun





REGISTERED OFFICE: 7 Little Newport Street
London
WC2H 7JJ





REGISTERED NUMBER: 03421879 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Everwell Chinese Medical Centre Ltd (Registered number: 03421879)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49,712 43,047
49,712 43,047

CURRENT ASSETS
Stocks 73,967 113,422
Debtors 6 145,507 140,507
Cash at bank and in hand 412,368 394,676
631,842 648,605
CREDITORS
Amounts falling due within one year 7 404,237 330,842
NET CURRENT ASSETS 227,605 317,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,317

360,810

CREDITORS
Amounts falling due after more than one
year

8

-

104,500
NET ASSETS 277,317 256,310

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 277,217 256,210
SHAREHOLDERS' FUNDS 277,317 256,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Everwell Chinese Medical Centre Ltd (Registered number: 03421879)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2024 and were signed by:





Mr G F Ren - Director


Everwell Chinese Medical Centre Ltd (Registered number: 03421879)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Everwell Chinese Medical Centre Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of nine years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 12.5% on cost
Improvements to property - 12.5% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 46 ) .

Everwell Chinese Medical Centre Ltd (Registered number: 03421879)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 166,000
AMORTISATION
At 1 November 2022
and 31 October 2023 166,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 52,581 50,591 69,127 18,577 190,876
Additions - - 23,415 5,275 28,690
Disposals - - (30,917 ) (12,855 ) (43,772 )
At 31 October 2023 52,581 50,591 61,625 10,997 175,794
DEPRECIATION
At 1 November 2022 52,494 39,441 39,639 16,255 147,829
Charge for year 87 3,715 12,768 3,630 20,200
Eliminated on disposal - - (29,092 ) (12,855 ) (41,947 )
At 31 October 2023 52,581 43,156 23,315 7,030 126,082
NET BOOK VALUE
At 31 October 2023 - 7,435 38,310 3,967 49,712
At 31 October 2022 87 11,150 29,488 2,322 43,047

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Other debtors 141,031 136,031

Amounts falling due after more than one year:
Other debtors 4,476 4,476

Aggregate amounts 145,507 140,507

Everwell Chinese Medical Centre Ltd (Registered number: 03421879)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 6,261 38,000
Trade creditors 181,728 33,050
Taxation and social security 30,125 22,481
Other creditors 186,123 237,311
404,237 330,842

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 104,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Everwell Chinese Medical Centre Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Everwell Chinese Medical Centre Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Everwell Chinese Medical Centre Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Everwell Chinese Medical Centre Ltd and state those matters that we have agreed to state to the director of Everwell Chinese Medical Centre Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Everwell Chinese Medical Centre Ltd and its director for our work or for this report.

It is your duty to ensure that Everwell Chinese Medical Centre Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Everwell Chinese Medical Centre Ltd. You consider that Everwell Chinese Medical Centre Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Everwell Chinese Medical Centre Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


24 July 2024