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Registered number: 09308283
Neil's Healthcare Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
CKS Accountancy Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09308283
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,517 4,200
3,517 4,200
CURRENT ASSETS
Debtors 6 134,833 157,840
Cash at bank and in hand 2,075 78,263
136,908 236,103
Creditors: Amounts Falling Due Within One Year 7 (62,844 ) (109,060 )
NET CURRENT ASSETS (LIABILITIES) 74,064 127,043
TOTAL ASSETS LESS CURRENT LIABILITIES 77,581 131,243
Creditors: Amounts Falling Due After More Than One Year 8 (16,459 ) (25,833 )
NET ASSETS 61,122 105,410
CAPITAL AND RESERVES
Called up share capital 9 100 150
Profit and Loss Account 61,022 105,260
SHAREHOLDERS' FUNDS 61,122 105,410
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For the year ending 30 November 2023 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
Mr S Phakey
Director
29/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Neil's Healthcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09308283 . The registered office is 1349/1353 London Road, Leigh-On-Sea, Essex, SS9 2AB.
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:
Fixtures & Fittings 15% Reducing Balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 20)
8 20
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4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 95,000
As at 30 November 2023 95,000
Amortisation
As at 1 December 2022 95,000
As at 30 November 2023 95,000
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 9,285
As at 30 November 2023 9,285
Depreciation
As at 1 December 2022 5,085
Provided during the period 683
As at 30 November 2023 5,768
Net Book Value
As at 30 November 2023 3,517
As at 1 December 2022 4,200
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,710 -
Other debtors 3,125 23,125
9,835 23,125
Due after more than one year
Other debtors - loans 124,998 134,715
124,998 134,715
134,833 157,840
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Other loans 1,977 1,977
Corporation tax 36,268 35,626
PAYE and NIC payable 5,317 3,894
Other creditors - 56,011
Accruals and deferred income 1,710 1,546
Directors' loan accounts 7,572 6
62,844 109,060
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 16,459 25,833
16,459 25,833
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 150
10. Related Party Transactions
Neils Healthcare is owed a total of £124,997 in loans as at 30th November 2023 from connected parties. There is no interest being charged and payments are being made when funds are available.
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