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REGISTERED NUMBER: 07921471 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RED OAK HEALTHCARE LIMITED

RED OAK HEALTHCARE LIMITED (REGISTERED NUMBER: 07921471)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RED OAK HEALTHCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M Ikhlaq
M Eshak
K Ayub
M A Issat
A Mahmood



SECRETARY: M Eshak



REGISTERED OFFICE: 175 Otley Road
Bradford
West Yorkshire
BD3 0HX



REGISTERED NUMBER: 07921471 (England and Wales)



ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR



BANKERS: Santander UK plc
Bootle
Merseyside
L30 4GB

RED OAK HEALTHCARE LIMITED (REGISTERED NUMBER: 07921471)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 77,776 101,109
Tangible assets 5 111,540 115,571
189,316 216,680

CURRENT ASSETS
Stocks 6 64,516 70,443
Debtors 7 289,933 264,939
Cash at bank and in hand 106,736 231,247
461,185 566,629
CREDITORS
Amounts falling due within one year 8 (483,066 ) (562,630 )
NET CURRENT (LIABILITIES)/ASSETS (21,881 ) 3,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,435

220,679

PROVISIONS FOR LIABILITIES 10 - (1,537 )
NET ASSETS 167,435 219,142

CAPITAL AND RESERVES
Called up share capital 11 400 400
Retained earnings 12 167,035 218,742
SHAREHOLDERS' FUNDS 167,435 219,142

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

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

RED OAK HEALTHCARE LIMITED (REGISTERED NUMBER: 07921471)

BALANCE SHEET - continued
31 DECEMBER 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 September 2024 and were signed on its behalf by:





M Ikhlaq - Director


RED OAK HEALTHCARE LIMITED (REGISTERED NUMBER: 07921471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Red Oak Healthcare Limited 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 2012, is being amortised evenly over its estimated useful life of twenty years.

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.
Freehold property - 2% on cost
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 25% 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.

RED OAK HEALTHCARE LIMITED (REGISTERED NUMBER: 07921471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 349,992
AMORTISATION
At 1 January 2023 248,883
Amortisation for year 23,333
At 31 December 2023 272,216
NET BOOK VALUE
At 31 December 2023 77,776
At 31 December 2022 101,109

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Motor
property & equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 112,500 63,568 3,125 179,193
DEPRECIATION
At 1 January 2023 5,438 56,634 1,550 63,622
Charge for year 2,250 1,387 394 4,031
At 31 December 2023 7,688 58,021 1,944 67,653
NET BOOK VALUE
At 31 December 2023 104,812 5,547 1,181 111,540
At 31 December 2022 107,062 6,934 1,575 115,571

RED OAK HEALTHCARE LIMITED (REGISTERED NUMBER: 07921471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. STOCKS
2023 2022
£    £   
Stocks 64,516 70,443

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 115,327 105,973
Other debtors 129,200 93,048
VAT 27,584 53,540
Deferred tax asset 7,044 -
Prepayments and accrued income 10,778 12,378
289,933 264,939

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 158,967 150,283
Corporation tax - 6,652
Social security and other taxes 1,590 785
Other creditors 62,816 134,944
Directors' loan accounts 257,045 267,045
Accruals and deferred income 2,648 2,921
483,066 562,630

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
In more than five years 31,412 31,412

10. PROVISIONS FOR LIABILITIES
2022
£   
Deferred tax 1,537

Deferred
tax
£   
Balance at 1 January 2023 1,537
Credited during the year (8,581 )
Balance at 31 December 2023 (7,044 )

RED OAK HEALTHCARE LIMITED (REGISTERED NUMBER: 07921471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300
100 Associate 'A' Ordinary £1 100 100
400 400

12. RESERVES
Retained
earnings
£   

At 1 January 2023 218,742
Deficit for the year (39,207 )
Dividends (12,500 )
At 31 December 2023 167,035

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2023, there was a loan from Mr M Ikhlaq of £67,836 (2022: £67,836). This unsecured loan is interest free and repayable on demand.

At 31 December 2023, there was a loan from Mr K Ayub of £33,081 (2022: £33,081). This unsecured loan is interest free and repayable on demand.

At 31 December 2023, there was a loan from Mr M A Issat of £78,981 (2022: £78,981). This unsecured loan is interest free and repayable on demand.

At 31 December 2023, there was a loan from Mr A Mahmood of £77,147 (2022: £87,147). This unsecured loan is interest free and repayable on demand.

RED OAK HEALTHCARE LIMITED (REGISTERED NUMBER: 07921471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


14. RELATED PARTY DISCLOSURES

The company paid management charges during the year of £36,725 (2022: £49,956) in respect of the provision of management services from Kami Healthcare Limited, a company in which Mr M Ikhlaq, Mr M Eshak, Mr K Ayub, Mr M A Issat and Mr A Mahmood were directors during the financial year.

The company paid management charges during the year of £34,590 (2022: £Nil) in respect of the provision of management services from Alpharma Limited, a company in which Mr M A Issat is a director.

At 31 December 2023 there was a loan from Kami Healthcare Limited of £Nil (2022: £84,282), a company in which Mr M Ikhlaq, Mr M Eshak, Mr K Ayub, Mr M A Issat and Mr A Mahmood were directors during the financial year.

At 31 December 2023 there was a loan to Fiveqube Limited of £129,200 (2022: £93,048), a company in which Mr M Ikhlaq, Mr M A Issat and Mr A Mahmood are directors.

At 31 December 2023 there was a loan from Alpharma Limited of £1,950 (2022: £294), a company in which Mr M A Issat is a director.

At 31 December 2023 there was a loan from Prescriptions 2 U Ltd of £50,000 (2022: £50,000), a company in which Mr M Eshak is a director.