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Registered number: 14874806
ASLAM HEALTHCARE LTD
Unaudited Financial Statements
For the Period 17 May 2023 to 31 May 2024
Durhams Accountants Limited
8 Yorkdale Drive
Hambleton
North Yorkshire
YO8 9YB
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14874806
31 May 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 526,944
Tangible Assets 5 9,722
536,666
CURRENT ASSETS
Stocks 6 55,544
Debtors 7 109,273
Cash at bank and in hand 56,411
221,228
Creditors: Amounts Falling Due Within One Year 8 (411,596 )
NET CURRENT ASSETS (LIABILITIES) (190,368 )
TOTAL ASSETS LESS CURRENT LIABILITIES 346,298
Creditors: Amounts Falling Due After More Than One Year 9 (384,577 )
NET LIABILITIES (38,279 )
CAPITAL AND RESERVES
Called up share capital 10 200
Profit and Loss Account (38,479 )
SHAREHOLDERS' FUNDS (38,279)
Page 1
Page 2
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr AFTAB GILL
Director
01/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ASLAM HEALTHCARE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14874806 . The registered office is Berkeley Pharmacy, 14 Market Place, Berkeley, GL13 9BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 4 Years
Fixtures & Fittings 4 Years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 9
9
4. Intangible Assets
Goodwill
£
Cost
As at 17 May 2023 -
Additions 542,000
As at 31 May 2024 542,000
...CONTINUED
Page 3
Page 4
Amortisation
As at 17 May 2023 -
Provided during the period 15,056
As at 31 May 2024 15,056
Net Book Value
As at 31 May 2024 526,944
As at 17 May 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 17 May 2023 - - -
Additions 750 10,035 10,785
As at 31 May 2024 750 10,035 10,785
Depreciation
As at 17 May 2023 - - -
Provided during the period 78 985 1,063
As at 31 May 2024 78 985 1,063
Net Book Value
As at 31 May 2024 672 9,050 9,722
As at 17 May 2023 - - -
6. Stocks
31 May 2024
£
Finished goods 55,544
7. Debtors
31 May 2024
£
Due within one year
Trade debtors 90,919
Prepayments and accrued income 6,591
VAT 11,763
109,273
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Trade creditors 146,727
Bank loans and overdrafts 16,852
Other taxes and social security 3,017
Directors' loan accounts 245,000
411,596
9. Creditors: Amounts Falling Due After More Than One Year
31 May 2024
£
Bank loans due after 1 year 384,577
384,577
10. Share Capital
31 May 2024
£
Allotted, Called up and fully paid 200
Page 5