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REGISTERED NUMBER: 09406430 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 August 2023

for

Whiston Healthcare UK Ltd

Whiston Healthcare UK Ltd (Registered number: 09406430)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whiston Healthcare UK Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs S Inugala
Dr L N R Ilavala
Mrs J Venkatraman





REGISTERED OFFICE: 91 Woodfoot Road
Moorgate
Rotherham
South Yorkshire
S60 3EH





REGISTERED NUMBER: 09406430 (England and Wales)

Whiston Healthcare UK Ltd (Registered number: 09406430)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 608,000 627,000
Tangible assets 5 4,110 4,357
612,110 631,357

CURRENT ASSETS
Stocks 50,000 21,000
Debtors 6 126,086 117,372
Cash at bank and in hand 5,092 39,011
181,178 177,383
CREDITORS
Amounts falling due within one year 7 285,457 241,993
NET CURRENT LIABILITIES (104,279 ) (64,610 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,831

566,747

CREDITORS
Amounts falling due after more than one
year

8

(67,557

)

(174,144

)

PROVISIONS FOR LIABILITIES (1,028 ) (828 )
NET ASSETS 439,246 391,775

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 439,146 391,675
SHAREHOLDERS' FUNDS 439,246 391,775

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Whiston Healthcare UK Ltd (Registered number: 09406430)

Balance Sheet - continued
31 August 2023


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 22 August 2024 and were signed on its behalf by:





Dr L N R Ilavala - Director


Whiston Healthcare UK Ltd (Registered number: 09406430)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Whiston Healthcare UK 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. ACCOUNTING POLICIES

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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

The amount of Goodwill being amortised is after taking into account the estimated residual value.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Whiston Healthcare UK Ltd (Registered number: 09406430)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes employer contributions to personal pension schemes in accordance with auto enrolment legislation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 760,000
AMORTISATION
At 1 September 2022 133,000
Charge for year 19,000
At 31 August 2023 152,000
NET BOOK VALUE
At 31 August 2023 608,000
At 31 August 2022 627,000

Whiston Healthcare UK Ltd (Registered number: 09406430)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 12,043
Additions 948
At 31 August 2023 12,991
DEPRECIATION
At 1 September 2022 7,686
Charge for year 1,195
At 31 August 2023 8,881
NET BOOK VALUE
At 31 August 2023 4,110
At 31 August 2022 4,357

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 4,100
DEPRECIATION
At 1 September 2022 2,373
Charge for year 432
At 31 August 2023 2,805
NET BOOK VALUE
At 31 August 2023 1,295
At 31 August 2022 1,727

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 86,513 84,549
Other debtors 39,573 32,823
126,086 117,372

Whiston Healthcare UK Ltd (Registered number: 09406430)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 66,743 66,596
Hire purchase contracts 85 1,025
Trade creditors 133,779 88,310
Taxation and social security 35,078 18,644
Other creditors 49,772 67,418
285,457 241,993

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 67,557 174,059
Hire purchase contracts - 85
67,557 174,144

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,244 12,570

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 85 1,110
Bank loan 96,800 197,600
96,885 198,710

10. OTHER FINANCIAL COMMITMENTS

At 31st August 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £34,000, (2022: £51,000).

Whiston Healthcare UK Ltd (Registered number: 09406430)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Monies were loaned to the company from the directors on an interest free basis. The balances owed by the company and shown within creditors under 1 year are as follows:-

Mrs S Inugala: £10,673, (2022: £10,196).

Dr LN Reddy Ilavala: £8,196, (2022: £10,196).

Mr A Venkatraman: £8,196, (2022: £10,196).


Other creditors

Monies were loaned by a shareholder on an interest free basis. The balance owed by the company and shown within creditors under 1 year is as follows:-

Mrs J Venkatraman: £8,196, (2022: £10,196).