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REGISTERED NUMBER: 07874037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MULTI HEALTH SPECIALISTS LTD

MULTI HEALTH SPECIALISTS LTD (REGISTERED NUMBER: 07874037)

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

Chartered Accountants' Report 8

MULTI HEALTH SPECIALISTS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mrs C L Boyd
Mrs J A Bowler





REGISTERED OFFICE: Vantage House
Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 07874037 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

MULTI HEALTH SPECIALISTS LTD (REGISTERED NUMBER: 07874037)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285,463 316,621

CURRENT ASSETS
Stocks 50,400 -
Debtors 5 205,693 93,591
Cash at bank 51,328 20,244
307,421 113,835
CREDITORS
Amounts falling due within one year 6 305,563 155,428
NET CURRENT ASSETS/(LIABILITIES) 1,858 (41,593 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,321

275,028

CREDITORS
Amounts falling due after more than one
year

7

(32,668

)

(127,439

)

PROVISIONS FOR LIABILITIES (34,354 ) (59,024 )
NET ASSETS 220,299 88,565

CAPITAL AND RESERVES
Called up share capital 4 4
Capital redemption reserve 2 2
Retained earnings 220,293 88,559
SHAREHOLDERS' FUNDS 220,299 88,565

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.

MULTI HEALTH SPECIALISTS LTD (REGISTERED NUMBER: 07874037)

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 18 September 2024 and were signed on its behalf by:





Mrs C L Boyd - Director


MULTI HEALTH SPECIALISTS LTD (REGISTERED NUMBER: 07874037)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Multi Health Specialists Ltd 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.

Income recognition
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of trade discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

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.


MULTI HEALTH SPECIALISTS LTD (REGISTERED NUMBER: 07874037)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 14,200 150,253 43,658
Additions - - 3,930
Disposals - - -
At 31 December 2023 14,200 150,253 47,588
DEPRECIATION
At 1 January 2023 8,939 25,761 25,616
Charge for year 526 24,899 3,994
Eliminated on disposal - - -
At 31 December 2023 9,465 50,660 29,610
NET BOOK VALUE
At 31 December 2023 4,735 99,593 17,978
At 31 December 2022 5,261 124,492 18,042

MULTI HEALTH SPECIALISTS LTD (REGISTERED NUMBER: 07874037)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 157,811 35,960 401,882
Additions 80,101 - 84,031
Disposals (65,361 ) - (65,361 )
At 31 December 2023 172,551 35,960 420,552
DEPRECIATION
At 1 January 2023 8,787 16,158 85,261
Charge for year 33,810 3,960 67,189
Eliminated on disposal (17,361 ) - (17,361 )
At 31 December 2023 25,236 20,118 135,089
NET BOOK VALUE
At 31 December 2023 147,315 15,842 285,463
At 31 December 2022 149,024 19,802 316,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 108,309 86,341
Other debtors 90,134 -
Prepayments and accrued income 7,250 7,250
205,693 93,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans 15,782 34,000
Hire purchase contracts 17,528 26,059
Trade creditors 48,529 32,144
Tax 74,609 6,057
Social security and other taxes 3,953 2,394
VAT 75,549 49,598
Credit Card 2,520 1,208
Accruals and deferred income 67,093 3,968
305,563 155,428

MULTI HEALTH SPECIALISTS LTD (REGISTERED NUMBER: 07874037)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other loans - 1-2 years - 17,438
Hire purchase contracts 32,668 85,505
Directors loan accounts - 24,496
32,668 127,439

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 50,196 111,564

Hire purchases liabilities are secured on the assets to which they relate.

9. ULTIMATE CONTROLLING PARTY

The company has no one controlling party.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MULTI HEALTH SPECIALISTS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Multi Health Specialists Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Multi Health Specialists Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Multi Health Specialists Ltd and state those matters that we have agreed to state to the Board of Directors of Multi Health Specialists Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Multi Health Specialists Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Multi Health Specialists Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Multi Health Specialists Ltd. You consider that Multi Health Specialists Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Multi Health Specialists Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB


18 September 2024