IRIS Accounts Production v24.1.9.2 11742197 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117421972022-12-31117421972023-12-31117421972023-01-012023-12-31117421972021-12-31117421972022-01-012022-12-31117421972022-12-3111742197ns15:EnglandWales2023-01-012023-12-3111742197ns14:PoundSterling2023-01-012023-12-3111742197ns10:Director12023-01-012023-12-3111742197ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111742197ns10:SmallEntities2023-01-012023-12-3111742197ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111742197ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111742197ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111742197ns10:FullAccounts2023-01-012023-12-3111742197ns10:OrdinaryShareClass12023-01-012023-12-3111742197ns10:Director22023-01-012023-12-3111742197ns10:Director42023-01-012023-12-3111742197ns10:RegisteredOffice2023-01-012023-12-3111742197ns5:CurrentFinancialInstruments2023-12-3111742197ns5:CurrentFinancialInstruments2022-12-3111742197ns5:ShareCapital2023-12-3111742197ns5:ShareCapital2022-12-3111742197ns5:RetainedEarningsAccumulatedLosses2023-12-3111742197ns5:RetainedEarningsAccumulatedLosses2022-12-3111742197ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111742197ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111742197ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 11742197 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MY HEALTH XTRAS LTD

MY HEALTH XTRAS LTD (REGISTERED NUMBER: 11742197)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MY HEALTH XTRAS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M D Jones
J Breakell





REGISTERED OFFICE: 2 Charlesworth Court
Knights Way
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AB





REGISTERED NUMBER: 11742197 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. (Audit) Limited
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

MY HEALTH XTRAS LTD (REGISTERED NUMBER: 11742197)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 5 364,200 344,432
Cash at bank 530,110 427,770
894,310 772,202
CREDITORS
Amounts falling due within one year 6 271,817 147,947
NET CURRENT ASSETS 622,493 624,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,493

624,255

CAPITAL AND RESERVES
Called up share capital 7 25,000 25,000
Retained earnings 597,493 599,255
SHAREHOLDERS' FUNDS 622,493 624,255

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





M D Jones - Director


MY HEALTH XTRAS LTD (REGISTERED NUMBER: 11742197)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

My Health Xtras 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including amounts owed by group undertakings and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade creditors and amounts owed to group undertakings, are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MY HEALTH XTRAS LTD (REGISTERED NUMBER: 11742197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 53,200 6,241
Amounts owed by group undertakings 23,795 71,202
Other debtors 287,205 266,989
364,200 344,432

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 121,244 67,958
Amounts owed to group undertakings 58,437 39,425
Taxation and social security 89,074 37,641
Other creditors 3,062 2,923
271,817 147,947

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
25,000 Ordinary shares £1 25,000 25,000

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company is a wholly owned subsidiary of Lyneal Group Limited.

MY HEALTH XTRAS LTD (REGISTERED NUMBER: 11742197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is the parent company Lyneal Group Limited. The ultimate controlling party is Lyneal Group Employee Ownership Trust by virtue of a controlling shareholding in Lyneal Group Limited.