Registered number
11699401
Laxmi Healthcare Limited
Filleted Accounts
30 November 2023
Laxmi Healthcare Limited
Registered number: 11699401
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 140,384 151,719
Tangible assets 4 57,379 31,978
197,763 183,697
Current assets
Debtors 5 210,460 161,743
Cash at bank and in hand 68,891 71,704
279,351 233,447
Creditors: amounts falling due within one year 6 (157,393) (171,598)
Net current assets 121,958 61,849
Total assets less current liabilities 319,721 245,546
Creditors: amounts falling due after more than one year 7 (129,975) (130,199)
Net assets 189,746 115,347
Capital and reserves
Called up share capital 100 100
Profit and loss account 189,646 115,247
Shareholders' funds 189,746 115,347
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.
P Gaitonde
Director
Approved by the board on 29 July 2024
Laxmi Healthcare Limited
Notes to the Accounts
for the year ended 30 November 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Motor vehicles over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 174,390
At 30 November 2023 174,390
Amortisation
At 1 December 2022 22,671
Provided during the year 11,335
At 30 November 2023 34,006
Net book value
At 30 November 2023 140,384
At 30 November 2022 151,719
Goodwill will be written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 60,953 - 60,953
Additions - 46,990 46,990
At 30 November 2023 60,953 46,990 107,943
Depreciation
At 1 December 2022 28,975 - 28,975
Charge for the year 12,191 9,398 21,589
At 30 November 2023 41,166 9,398 50,564
Net book value
At 30 November 2023 19,787 37,592 57,379
At 30 November 2022 31,978 - 31,978
5 Debtors 2023 2022
£ £
Trade debtors 28,221 9,404
Other debtors 182,239 152,339
210,460 161,743
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 38,140 38,140
Obligations under finance lease and hire purchase contracts 5,399 -
Taxation and social security costs 13,038 25,455
Other creditors 100,816 108,003
157,393 171,598
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 92,883 130,199
Obligations under finance lease and hire purchase contracts 37,092 -
129,975 130,199
8 Other information
Laxmi Healthcare Limited is a private company limited by shares and incorporated in England. Its registered office is:
253 Cemetary Road
Sheffield
S11 8FS
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