Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11983344 DR J Hoyle Mrs A L Hoyle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11983344 2023-03-31 11983344 2024-03-31 11983344 2023-04-01 2024-03-31 11983344 frs-core:CurrentFinancialInstruments 2024-03-31 11983344 frs-core:ComputerEquipment 2024-03-31 11983344 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11983344 frs-core:ComputerEquipment 2023-03-31 11983344 frs-core:FurnitureFittings 2024-03-31 11983344 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11983344 frs-core:FurnitureFittings 2023-03-31 11983344 frs-core:ShareCapital 2024-03-31 11983344 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11983344 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11983344 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11983344 frs-bus:SmallEntities 2023-04-01 2024-03-31 11983344 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11983344 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11983344 frs-core:DeferredTaxation 2023-04-01 2024-03-31 11983344 frs-core:DeferredTaxation 2023-03-31 11983344 frs-core:DeferredTaxation 2024-03-31 11983344 frs-bus:Director1 2023-04-01 2024-03-31 11983344 frs-bus:Director2 2023-04-01 2024-03-31 11983344 frs-countries:EnglandWales 2023-04-01 2024-03-31 11983344 2022-03-31 11983344 2023-03-31 11983344 2022-04-01 2023-03-31 11983344 frs-core:CurrentFinancialInstruments 2023-03-31 11983344 frs-core:ShareCapital 2023-03-31 11983344 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11983344
Hoyle Medical Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11983344
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 682 1,419
682 1,419
CURRENT ASSETS
Debtors 5 24,116 18,666
Cash at bank and in hand 55,155 57,663
79,271 76,329
Creditors: Amounts Falling Due Within One Year 6 (33,096 ) (38,107 )
NET CURRENT ASSETS (LIABILITIES) 46,175 38,222
TOTAL ASSETS LESS CURRENT LIABILITIES 46,857 39,641
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (130 ) (270 )
NET ASSETS 46,727 39,371
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 46,527 39,171
SHAREHOLDERS' FUNDS 46,727 39,371
Page 1
Page 2
For the year ending 31 March 2024 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
DR J Hoyle
Director
09/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hoyle Medical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11983344 . The registered office is 10 Harlech Grove, Sheffield, S10 4NP.
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.

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:
Fixtures & Fittings 20% straight line
Computer Equipment 25% straight line
2.4. 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 year 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.


3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,406 1,222 3,628
As at 31 March 2024 2,406 1,222 3,628
Depreciation
As at 1 April 2023 1,243 966 2,209
Provided during the period 481 256 737
As at 31 March 2024 1,724 1,222 2,946
Net Book Value
As at 31 March 2024 682 - 682
As at 1 April 2023 1,163 256 1,419
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,116 18,666
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 24,815 15,998
Accruals and deferred income 3,618 7,107
Directors' loan accounts 4,663 15,002
33,096 38,107
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 130 270
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2023 270 270
Deferred taxation (140 ) (140 )
Balance at 31 March 2024 130 130
Provision is made for the potential charge to tax that would arise should the company dispose of its fixed assets at the stated net book value to the extent that this is in excess of the tax written down value.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4