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Registered number: 09821018

MPG Healthcare Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

MPG Healthcare Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Mr R A Gokani
Mr R M Moledina
Mr J Patel
REGISTERED OFFICE
38 The Promenade
Wellingborough
Northamptonshire
NN8 5AL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09821018
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

MPG Healthcare Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MPG Healthcare Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Intangible assets3658,000752,000
Tangible assets445,13548,194
703,135800,194
CURRENT ASSETS
Stock95,32849,697
Debtors6270,275151,318
Current Asset Investments7646,83719,350
Cash at bank and in hand117,269183,381
1,129,709403,746
CREDITORS: Amounts falling due within one year8413,668290,786
NET CURRENT ASSETS716,041112,960
TOTAL ASSETS LESS CURRENT LIABILITIES1,419,176913,154
CREDITORS: Amounts falling due after more than one year91,020,105554,520
PROVISIONS FOR LIABILITIES AND CHARGES114,5454,559
NET ASSETS394,526354,075
CAPITAL AND RESERVES
Called up share capital12102102
Profit and loss account394,424353,973
SHAREHOLDERS' FUNDS394,526354,075

MPG Healthcare Limited

BALANCE SHEET AT 31/03/2024
For the year ending 31/03/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/08/2024 and signed on their behalf by
.............................
Mr R A Gokani
Director
.............................
Mr R M Moledina
Director
.............................
Mr J Patel
Director

MPG Healthcare Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Leasehold Property Improvementsstraight line 6.67%
Fixtures, Fittings and Equipmentreducing balance 25%
Computer Equipmentreducing balance 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

MPG Healthcare Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees167
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/20231,410,0001,410,000
At 31/03/20241,410,0001,410,000
Depreciation
At 01/04/2023658,000658,000
For the year94,00094,000
At 31/03/2024752,000752,000
Net Book Amounts
At 31/03/2024658,000658,000
At 31/03/2023752,000752,000
It has been estimated that the useful economic life of the goodwill and intangible assets of the business acquisition is 15 years. This is to fall in line with the length of the lease term held by MPG Healthcare Ltd.
4. TANGIBLE FIXED ASSETS
Leasehold PropertyFixtures, FittingsComputer
Improvementsand EquipmentEquipmentTotal
££££
Cost
At 01/04/202344,73023,19413,23881,162
Additions-4,6923,5978,289
At 31/03/202444,73027,88616,83589,451
Depreciation
At 01/04/202320,5339,7292,70632,968
For the year2,9834,1524,21311,348
At 31/03/202423,51613,8816,91944,316
Net Book Amounts
At 31/03/202421,21414,0059,91645,135
At 31/03/202324,19713,46510,53248,194

MPG Healthcare Limited

5. STOCK 20242023
££
Stock comprises:
Stock95,32849,697
95,32849,697
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors198,845115,680
VAT49,49032,840
PAYE control191-
Other debtors14,488-
Prepayments7,2612,798
270,275151,318
7. CURRENT ASSET INVESTMENTS
20242023
££
Other investments646,83719,350
646,83719,350
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax46,10828,252
PAYE control-798
Bank Loan92,00092,000
Credit card18,288-
Trade creditors250,883166,749
Pension schemes1,318529
Accruals5,0712,458
413,668290,786

MPG Healthcare Limited

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr92,000184,000
Due to group companies >1yr928,105370,520
1,020,105554,520
10. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured184,000276,000
Santander UK PLC have a fixed charge over the leasehold property at 27 The Square, Earls Barton, Northants and 28 The Square, Earls Barton, Northants. Santander UK PLC also has a fixed charge and floating charge over all the property or undertaking of MPG Healthcare Ltd.
11. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation4,5454,559
4,5454,559
12. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
102 Ordinary shares of £1 each102102
102102