13 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 28,723 2,498 31,221 19,259 3,169 22,428 8,793 9,464 xbrli:pure xbrli:shares iso4217:GBP 10510683 2023-01-01 2023-12-31 10510683 2023-12-31 10510683 2022-12-31 10510683 2022-01-01 2022-12-31 10510683 2022-12-31 10510683 bus:Director1 2023-01-01 2023-12-31 10510683 bus:Director2 2023-01-01 2023-12-31 10510683 core:WithinOneYear 2023-12-31 10510683 core:WithinOneYear 2022-12-31 10510683 core:AfterOneYear 2023-12-31 10510683 core:AfterOneYear 2022-12-31 10510683 core:ShareCapital 2023-12-31 10510683 core:ShareCapital 2022-12-31 10510683 core:RetainedEarningsAccumulatedLosses 2023-12-31 10510683 core:RetainedEarningsAccumulatedLosses 2022-12-31 10510683 bus:SmallEntities 2023-01-01 2023-12-31 10510683 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10510683 bus:FullAccounts 2023-01-01 2023-12-31 10510683 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10510683 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10510683 core:OfficeEquipment 2022-12-31 10510683 core:OfficeEquipment 2023-01-01 2023-12-31 10510683 core:OfficeEquipment 2023-12-31 10510683 bus:Director2 2022-01-01 2022-12-31 10510683 bus:Director1 2022-01-01 2022-12-31
COMPANY REGISTRATION NUMBER: 10510683
Priority Digital Health Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Priority Digital Health Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
8,793
9,464
Current assets
Debtors
6
207,033
175,967
Cash at bank and in hand
10,917
5,166
---------
---------
217,950
181,133
Creditors: amounts falling due within one year
7
129,522
112,004
---------
---------
Net current assets
88,428
69,129
--------
--------
Total assets less current liabilities
97,221
78,593
Creditors: amounts falling due after more than one year
8
100,617
90,856
Provisions
1,009
---------
--------
Net liabilities
( 4,405)
( 12,263)
---------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 4,406)
( 12,264)
-------
--------
Shareholders deficit
( 4,405)
( 12,263)
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Priority Digital Health Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 6 August 2024 , and are signed on behalf of the board by:
Mr J Dibb
Mrs A J Meadows
Director
Director
Company registration number: 10510683
Priority Digital Health Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Denny Lodge Business Park Ely Road, Chittering, Cambridge, CB25 9PH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Notwithstanding the shareholder deficit of £4,405, the directors are optimistic about the future prospects of the business. They are satisfied the company has sufficient financial resources that the application of going concern is appropriate. The continued investment made in the business is providing exciting and valuable opportunities that the directors are seeking to maximise such that the modest deficit will be short lived.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from services rendered is recognised when each stage of the service has been performed, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from maintenance services is recognised evenly over the period to which it relates.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
15% reducing balance and 25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2022: 12 ).
5. Tangible assets
Equipment
£
Cost
At 1 January 2023
28,723
Additions
2,498
--------
At 31 December 2023
31,221
--------
Depreciation
At 1 January 2023
19,259
Charge for the year
3,169
--------
At 31 December 2023
22,428
--------
Carrying amount
At 31 December 2023
8,793
--------
At 31 December 2022
9,464
--------
6. Debtors
2023
2022
£
£
Trade debtors
91,962
62,216
Other debtors
115,071
113,751
---------
---------
207,033
175,967
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
64,502
34,915
Trade creditors
11,477
10,189
Social security and other taxes
48,033
43,502
Other creditors
5,510
23,398
---------
---------
129,522
112,004
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
100,617
90,856
---------
--------
9. Other financial commitments
The total future minimum lease payments under non-cancellable operating leases are £19,866 (2022: £11,316).
10. Directors' advances, credits and guarantees
During the year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on all overdrawn loan account balances once exceeded £10,000. There are no repayment terms.
2023 2022
£ £
Advances 36,514 15,269
Repayments 18,508
Balance due from director 33,275 15,269
During the year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on all overdrawn loan account balances once exceeded £10,000. There are no repayment terms.
2023 2022
£ £
Advances 36,578 17,737
Repayments 17,750
Balance due from director 36,565 17,737