Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10584918 Miss S Odedra Mr S S Sandhu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10584918 2022-12-31 10584918 2023-12-31 10584918 2023-01-01 2023-12-31 10584918 frs-core:CurrentFinancialInstruments 2023-12-31 10584918 frs-core:ComputerEquipment 2023-12-31 10584918 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10584918 frs-core:ComputerEquipment 2022-12-31 10584918 frs-core:FurnitureFittings 2023-12-31 10584918 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10584918 frs-core:FurnitureFittings 2022-12-31 10584918 frs-core:NetGoodwill 2023-01-01 2023-12-31 10584918 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10584918 frs-core:OtherResidualIntangibleAssets 2023-12-31 10584918 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 10584918 frs-core:OtherResidualIntangibleAssets 2022-12-31 10584918 frs-core:PlantMachinery 2023-12-31 10584918 frs-core:PlantMachinery 2023-01-01 2023-12-31 10584918 frs-core:PlantMachinery 2022-12-31 10584918 frs-core:ShareCapital 2023-12-31 10584918 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10584918 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10584918 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10584918 frs-bus:SmallEntities 2023-01-01 2023-12-31 10584918 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10584918 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10584918 frs-bus:Director1 2023-01-01 2023-12-31 10584918 frs-bus:Director2 2023-01-01 2023-12-31 10584918 frs-countries:EnglandWales 2023-01-01 2023-12-31 10584918 2021-12-31 10584918 2022-12-31 10584918 2022-01-01 2022-12-31 10584918 frs-core:CurrentFinancialInstruments 2022-12-31 10584918 frs-core:ShareCapital 2022-12-31 10584918 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10584918
Absolute Healthcare Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10584918
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 78,000 93,600
Tangible Assets 5 22,925 28,839
100,925 122,439
CURRENT ASSETS
Debtors 6 90,717 51,184
Cash at bank and in hand 78,051 75,443
168,768 126,627
Creditors: Amounts Falling Due Within One Year 7 (55,844 ) (53,587 )
NET CURRENT ASSETS (LIABILITIES) 112,924 73,040
TOTAL ASSETS LESS CURRENT LIABILITIES 213,849 195,479
NET ASSETS 213,849 195,479
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 213,749 195,379
SHAREHOLDERS' FUNDS 213,849 195,479
Page 1
Page 2
For the year ending 31 December 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
Miss S Odedra
Director
18 September 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
Absolute Healthcare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10584918 . The registered office is First Floor, Sterling House, Outrams Wharf, Little Eaton, Derby, DE21 5EL.
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 10 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:
Freehold 10% Reducing balance
Plant & Machinery 20% Reducing balance
Fixtures & Fittings 10% Straight line
Computer Equipment 33% 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2022: 19)
19 19
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 156,000
As at 31 December 2023 156,000
Amortisation
As at 1 January 2023 62,400
Provided during the period 15,600
As at 31 December 2023 78,000
Net Book Value
As at 31 December 2023 78,000
As at 1 January 2023 93,600
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 16,320 26,476 1,548 44,344
Additions - - 516 516
As at 31 December 2023 16,320 26,476 2,064 44,860
Depreciation
As at 1 January 2023 11,176 3,504 825 15,505
Provided during the period 3,347 2,648 435 6,430
As at 31 December 2023 14,523 6,152 1,260 21,935
Net Book Value
As at 31 December 2023 1,797 20,324 804 22,925
As at 1 January 2023 5,144 22,972 723 28,839
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 164 670
Other debtors 40,578 473
Amounts owed by group undertakings 49,975 50,041
90,717 51,184
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 212 109
Corporation tax 14,125 3,778
Other taxes and social security 3,135 2,004
Other creditors 36,842 46,166
Accruals and deferred income 1,530 1,530
55,844 53,587
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
As at the balance sheet date, the company was owed £49,902 (2022: £50,041) by Nursery Rhymes Chesterfield Ltd, a company who is controlled by the same controlling party. This amount was unsecured, interest free with no fixed repayment date.
As at the balance sheet date, the company was owed £40,000 (2022: £Nil) by Sigma Consultancy Solutions Ltd, a company who is controlled by the same controlling party. This amount was unsecured, interest free with no fixed repayment date.
As at the balance sheet date the director, Miss S Odedra, was owed £8,409 (2022: £19,325) from the company. The amount was unsecured, interest free with no fixed repayment date.
Page 5