Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 30 December 2023 30 December 2023 05320801 Mrs Greet Beatrice Lambrecht Jean Marie Van Gampelaere true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05320801 2022-12-31 05320801 2023-12-30 05320801 2023-01-01 2023-12-30 05320801 frs-core:CurrentFinancialInstruments 2023-12-30 05320801 frs-core:Non-currentFinancialInstruments 2023-12-30 05320801 frs-core:FurnitureFittings 2023-12-30 05320801 frs-core:FurnitureFittings 2023-01-01 2023-12-30 05320801 frs-core:FurnitureFittings 2022-12-31 05320801 frs-core:MotorVehicles 2023-12-30 05320801 frs-core:MotorVehicles 2023-01-01 2023-12-30 05320801 frs-core:MotorVehicles 2022-12-31 05320801 frs-core:PlantMachinery 2023-12-30 05320801 frs-core:PlantMachinery 2023-01-01 2023-12-30 05320801 frs-core:PlantMachinery 2022-12-31 05320801 frs-core:OtherReservesSubtotal 2023-12-30 05320801 frs-core:ShareCapital 2023-12-30 05320801 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30 05320801 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-30 05320801 frs-bus:FilletedAccounts 2023-01-01 2023-12-30 05320801 frs-bus:SmallEntities 2023-01-01 2023-12-30 05320801 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-30 05320801 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-30 05320801 1 2023-01-01 2023-12-30 05320801 frs-core:CostValuation 2022-12-31 05320801 frs-core:AdditionsToInvestments 2023-12-30 05320801 frs-core:CostValuation 2023-12-30 05320801 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 05320801 frs-core:ProvisionsForImpairmentInvestments 2023-12-30 05320801 frs-bus:Director1 2023-01-01 2023-12-30 05320801 frs-countries:EnglandWales 2023-01-01 2023-12-30 05320801 2021-12-31 05320801 2022-12-31 05320801 2022-01-01 2022-12-31 05320801 frs-core:CurrentFinancialInstruments 2022-12-31 05320801 frs-core:Non-currentFinancialInstruments 2022-12-31 05320801 frs-core:OtherReservesSubtotal 2022-12-31 05320801 frs-core:ShareCapital 2022-12-31 05320801 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05320801
Fidelitas Healthcare Limited
Unaudited Financial Statements
For The Year Ended 30 December 2023
Adbell International Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05320801
2023 2022
Notes
FIXED ASSETS
Tangible Assets 4 28,745 44,966
Investments 5 4,500 500
33,245 45,466
CURRENT ASSETS
Stocks 6 70,284 56,427
Debtors 7 25,800 89,826
Cash at bank and in hand 18,952 26,265
115,036 172,518
Creditors: Amounts Falling Due Within One Year 8 (68,578 ) (151,921 )
NET CURRENT ASSETS (LIABILITIES) 46,458 20,597
TOTAL ASSETS LESS CURRENT LIABILITIES 79,703 66,063
Creditors: Amounts Falling Due After More Than One Year 9 - (6,504 )
NET ASSETS 79,703 59,559
CAPITAL AND RESERVES
Called up share capital 10 150 150
Other reserves 1,450 1,450
Profit and Loss Account 78,103 57,959
SHAREHOLDERS' FUNDS 79,703 59,559
Page 1
Page 2
For the year ending 30 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
Mrs Greet Beatrice Lambrecht
Director
24/09/2024
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
Fidelitas Healthcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05320801 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
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 represents amounts receivable for goods and services supplied by the company, net of VAT and trade discounts.
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 10%
Motor Vehicles 20%
Fixtures & Fittings 10%
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.6. 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.
2.7. Cash and cash equivalents
Cash and cash equivalents 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.
2.8. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Page 3
Page 4
2.9. Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
Cost
As at 1 January 2023 98,383 136,538 18,700 253,621
Additions - - 4,477 4,477
As at 30 December 2023 98,383 136,538 23,177 258,098
Depreciation
As at 1 January 2023 74,915 115,040 18,700 208,655
Provided during the period 3,770 16,189 739 20,698
As at 30 December 2023 78,685 131,229 19,439 229,353
Net Book Value
As at 30 December 2023 19,698 5,309 3,738 28,745
As at 1 January 2023 23,468 21,498 - 44,966
5. Investments
Other
Cost
As at 1 January 2023 500
Additions 4,000
As at 30 December 2023 4,500
Provision
As at 1 January 2023 -
As at 30 December 2023 -
Net Book Value
As at 30 December 2023 4,500
As at 1 January 2023 500
6. Stocks
2023 2022
Finished goods 70,284 56,427
Page 4
Page 5
7. Debtors
2023 2022
Due within one year
Trade debtors 22,370 80,911
VAT 3,430 8,915
25,800 89,826
8. Creditors: Amounts Falling Due Within One Year
2023 2022
Trade creditors 13,042 54,769
Corporation tax 8,428 4,464
Other creditors 17,108 92,688
Accruals and deferred income 30,000 -
68,578 151,921
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
Other creditors - 6,504
10. Share Capital
2023 2022
Allotted, Called up and fully paid 150 150
Allotted, issued and fully paid 100 Ordinary shares of £1 each.
11. Ultimate Controlling Party
The company's ultimate controlling party is Jean Marie Van Gampelaere by virtue of his ownership of 100% of the issued share capital in the company.
Page 5