Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 07278785 Enayat Iqbal Patel Suleman Darsot Muhammad Awais Rafiq iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07278785 2022-10-31 07278785 2023-10-31 07278785 2022-11-01 2023-10-31 07278785 frs-core:CurrentFinancialInstruments 2023-10-31 07278785 frs-core:FurnitureFittings 2023-10-31 07278785 frs-core:FurnitureFittings 2022-11-01 2023-10-31 07278785 frs-core:FurnitureFittings 2022-10-31 07278785 frs-core:MotorVehicles 2023-10-31 07278785 frs-core:MotorVehicles 2022-11-01 2023-10-31 07278785 frs-core:MotorVehicles 2022-10-31 07278785 frs-core:PlantMachinery 2023-10-31 07278785 frs-core:PlantMachinery 2022-11-01 2023-10-31 07278785 frs-core:PlantMachinery 2022-10-31 07278785 frs-core:ShareCapital 2023-10-31 07278785 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07278785 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07278785 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 07278785 frs-bus:SmallEntities 2022-11-01 2023-10-31 07278785 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 07278785 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07278785 frs-core:UnlistedNon-exchangeTraded 2023-10-31 07278785 frs-core:UnlistedNon-exchangeTraded 2022-10-31 07278785 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 07278785 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 07278785 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 07278785 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 07278785 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 07278785 frs-bus:Director1 2022-11-01 2023-10-31 07278785 frs-bus:Director2 2022-11-01 2023-10-31 07278785 frs-bus:Director3 2022-11-01 2023-10-31 07278785 frs-countries:EnglandWales 2022-11-01 2023-10-31 07278785 2021-10-31 07278785 2022-10-31 07278785 2021-11-01 2022-10-31 07278785 frs-core:CurrentFinancialInstruments 2022-10-31 07278785 frs-core:ShareCapital 2022-10-31 07278785 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 07278785
Nationwide Healthcare Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07278785
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 90,464 64,844
Investment Properties 5 115,883 115,883
Investments 6 100,000 -
306,347 180,727
CURRENT ASSETS
Stocks 7 375,000 346,052
Debtors 8 968,056 1,187,217
Cash at bank and in hand 1,789,227 1,201,691
3,132,283 2,734,960
Creditors: Amounts Falling Due Within One Year 9 (2,031,320 ) (1,741,008 )
NET CURRENT ASSETS (LIABILITIES) 1,100,963 993,952
TOTAL ASSETS LESS CURRENT LIABILITIES 1,407,310 1,174,679
NET ASSETS 1,407,310 1,174,679
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 1,407,210 1,174,579
SHAREHOLDERS' FUNDS 1,407,310 1,174,679
Page 1
Page 2
For the year ending 31 October 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 Income Statement.
On behalf of the board
Enayat Iqbal Patel
Director
02/09/2024
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
Nationwide Healthcare Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07278785 . The registered office is 172 Willows Lane, Bolton, Lancashire, BL3 4BU.
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. 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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 18 (2022: 17)
18 17
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 8,379 14,180 77,819 100,378
Additions - - 41,256 41,256
As at 31 October 2023 8,379 14,180 119,075 141,634
Depreciation
As at 1 November 2022 751 2,511 32,272 35,534
Provided during the period 683 2,066 12,887 15,636
As at 31 October 2023 1,434 4,577 45,159 51,170
Net Book Value
As at 31 October 2023 6,945 9,603 73,916 90,464
As at 1 November 2022 7,628 11,669 45,547 64,844
5. Investment Property
2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 115,883
6. Investments
Unlisted
£
Cost
As at 1 November 2022 -
Additions 100,000
As at 31 October 2023 100,000
Provision
As at 1 November 2022 -
As at 31 October 2023 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 October 2023 100,000
As at 1 November 2022 -
7. Stocks
2023 2022
£ £
Stock 375,000 346,052
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 877,510 1,147,437
Other debtors 90,546 39,780
968,056 1,187,217
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,706,431 1,467,752
Other creditors 310,079 262,506
Taxation and social security 14,810 10,750
2,031,320 1,741,008
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5