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Registered number: 04362938
Healthsaver Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04362938
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,726 58,507
27,726 58,507
CURRENT ASSETS
Debtors 5 197,546 185,857
Cash at bank and in hand 651,285 812,285
848,831 998,142
Creditors: Amounts Falling Due Within One Year 6 (711,770 ) (506,635 )
NET CURRENT ASSETS (LIABILITIES) 137,061 491,507
TOTAL ASSETS LESS CURRENT LIABILITIES 164,787 550,014
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,931 ) (11,116 )
NET ASSETS 157,856 538,898
CAPITAL AND RESERVES
Called up share capital 7 8,000 8,000
Profit and Loss Account 149,856 530,898
SHAREHOLDERS' FUNDS 157,856 538,898
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Susan McIntosh
Director
22/09/2024
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
Healthsaver Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04362938 . The registered office is 10 Sea King Drive, Fountain Court, Auckley, Doncaster, DN9 3QR.
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 20% Straight Line
Fixtures & Fittings 25% Staright 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 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: 6 (2022: 6)
6 6
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 259,421 - 259,421
Additions 1,249 3,046 4,295
As at 31 December 2023 260,670 3,046 263,716
Depreciation
As at 1 January 2023 200,914 - 200,914
Provided during the period 34,315 761 35,076
As at 31 December 2023 235,229 761 235,990
Net Book Value
As at 31 December 2023 25,441 2,285 27,726
As at 1 January 2023 58,507 - 58,507
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 13,500 -
Prepayments and accrued income 464 2,746
Other debtors 1,169 1,169
Amounts owed by joint-ventures 182,413 181,942
197,546 185,857
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,007 3,833
Bank loans and overdrafts 70 70
Corporation tax 112,907 -
Other taxes and social security 9,537 -
Accruals and deferred income 579,468 501,100
Director's loan account 781 1,632
711,770 506,635
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 8,000 8,000
Page 4