Company registration number 07320922 (England and Wales)
ATTAIN HEALTH MANAGEMENT SERVICES LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ATTAIN HEALTH MANAGEMENT SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
ATTAIN HEALTH MANAGEMENT SERVICES LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
58,462
103,083
Current assets
Debtors
4
1,953,604
3,388,223
Cash at bank and in hand
936,251
1,897,360
2,889,855
5,285,583
Creditors: amounts falling due within one year
5
(825,487)
(2,897,367)
Net current assets
2,064,368
2,388,216
Total assets less current liabilities
2,122,830
2,491,299
Provisions for liabilities
(14,616)
(25,771)
Net assets
2,108,214
2,465,528
Capital and reserves
Called up share capital
8
646,646
707,837
Share premium account
25,991
25,991
Capital redemption reserve
82,895
21,704
Profit and loss reserves
1,352,682
1,709,996
Total equity
2,108,214
2,465,528

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 April 2024 and are signed on its behalf by:
Mr M Wilson
Director
Company registration number 07320922 (England and Wales)
ATTAIN HEALTH MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Attain Health Management Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire, England, SL9 7QE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover consists of the fair value of the sale of services net of value added tax. Turnover and profits are recognised as contract activity progresses. Where amounts received and receivable are less than the value of the work done, the difference is included in debtors as "amounts recoverable on contracts". Where the amounts received and receivable exceeds the value of work done they are carried forward in creditors as "payments on account".

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost or over period of licences

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ATTAIN HEALTH MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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.

1.8
Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease

ATTAIN HEALTH MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.10

Trade and other receivables

Trade and other receivables are carried at original value less provision for doubtful recovery.

1.11

Trade and other payables

Trade and other payables represent liabilities for goods and services provided to the company prior to the financial year which are unpaid. Current liabilities represent those amounts falling due within one year.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
56
60
3
Tangible fixed assets
Computers
£
Cost
At 1 January 2023
272,362
Additions
1,875
At 31 December 2023
274,237
Depreciation and impairment
At 1 January 2023
169,279
Depreciation charged in the year
46,496
At 31 December 2023
215,775
Carrying amount
At 31 December 2023
58,462
At 31 December 2022
103,083
ATTAIN HEALTH MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,385,589
2,501,614
Amounts recoverable on contracts
163,197
279,497
Called up share capital not paid
290,533
290,533
Other debtors
60,002
60,002
Prepayments and accrued income
48,975
252,090
1,948,296
3,383,736
2023
2022
Amounts falling due after more than one year:
£
£
Deferred tax asset (note 6)
5,308
4,487
Total debtors
1,953,604
3,388,223
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
87,462
1,045,244
Corporation tax
6,029
22,319
Other taxation and social security
266,204
228,007
Other creditors
465,792
1,601,797
825,487
2,897,367
6
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
Assets
Assets
2023
2022
2023
2022
Balances:
£
£
£
£
Accelerated capital allowances
14,616
25,771
-
-
Retirement benefit obligations
-
-
5,308
4,487
14,616
25,771
5,308
4,487
ATTAIN HEALTH MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
6
Deferred taxation
(Continued)
- 6 -
2023
Movements in the year:
£
Net liability at 1 January 2023
21,284
Net credit to profit or loss
(11,976)
Net asset at 31 December 2023
9,308

The deferred tax asset set out above is expected to reverse within 12 months and relates to the utilisation of tax losses against future expected profits of the same period. The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

7
Share-based payment transactions

The company adopted an Enterprise Management Incentive plan and granted share options to the directors and employees on 13 April 2015 under the terms thereof. As at 31 December 2023 there are outstanding share options under the plan held by two directors and 41 employees in respect of 465,000 ordinary 'B' shares and they are able to be exercised at an exercise price that is not less than the nominal value of a share (1p). The options shall lapse and cease to be exercisable per the rules of the EMI plan.

 

The directors are of the opinion that there is no fair value adjustment required in respect of issued share options (2022: £nil) as under the terms of the EMI plan they deem it unlikely that any options will be exercised for the foreseeable future.

8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Founder of £1 each
242,084
315,500
242,084
315,500
A Ordinary of £1 each
358,628
392,334
358,628
392,334
C Ordinary of £1 each
3
3
3
3
F2 of £1 each
31,250
-
31,250
-
A2 Ordinary of £1 each
14,681
-
14,681
-
646,646
707,837
646,646
707,837

During the year 31,250 Ordinary Founder class shares were reclassified as Ordinary F2 class and 14,682 Ordinary A class shares were reclassified as Ordinary A2 class.

In 2022 the company purchased 34,899 of its own ordinary shares from shareholders at par (£1 per share). These shares were not cancelled in 2022, but have been subsequently cancelled in 2023.

 

In the current year the company purchased 26,292 of its own ordinary shares from shareholders at par (£1 per share). These shares were cancelled in the year.

 

ATTAIN HEALTH MANAGEMENT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Daniel Palmer FCA
Statutory Auditor:
Nunn Hayward LLP
Date of audit report:
24 April 2024
10
Controlling party

The ultimate controlling parties of the company are the directors.

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