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REGISTERED NUMBER: 07394844 (England and Wales)











































Health Hut Professionals Ltd.

Unaudited Financial Statements

for the Year Ended 31st December 2023






Health Hut Professionals Ltd. (Registered number: 07394844)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Health Hut Professionals Ltd.

Company Information
for the year ended 31st December 2023







Directors: S N H Shah
Mrs S P Shah





Secretary: S N H Shah





Registered office: 4 Abbey Meadows
Morpeth
Northumberland
NE61 2BD





Registered number: 07394844 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Health Hut Professionals Ltd. (Registered number: 07394844)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 70,208 74,982
Investments 5 221,000 221,000
291,208 295,982

Current assets
Stocks 32,500 35,000
Debtors 6 206,781 98,032
Cash at bank and in hand 13,555 18,648
252,836 151,680
Creditors
Amounts falling due within one year 7 304,349 224,161
Net current liabilities (51,513 ) (72,481 )
Total assets less current liabilities 239,695 223,501

Creditors
Amounts falling due after more than one
year

8

(73,846

)

(35,000

)

Provisions for liabilities (1,077 ) (1,344 )
Net assets 164,772 187,157

Capital and reserves
Called up share capital 16 16
Retained earnings 164,756 187,141
164,772 187,157

Health Hut Professionals Ltd. (Registered number: 07394844)

Balance Sheet - continued
31st December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





Mrs S P Shah - Director


Health Hut Professionals Ltd. (Registered number: 07394844)

Notes to the Financial Statements
for the year ended 31st December 2023

1. Statutory information

Health Hut Professionals 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.

Preparation of consolidated financial statements
The financial statements contain information about Health Hut Professionals Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Home office - 5% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, inter company 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), inter company loans, 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.


Health Hut Professionals Ltd. (Registered number: 07394844)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 12 (2022 - 11 ) .

Health Hut Professionals Ltd. (Registered number: 07394844)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. Tangible fixed assets
Fixtures
Home Plant and and
office machinery fittings
£    £    £   
Cost
At 1st January 2023 60,000 15,791 79,723
Additions - 500 -
At 31st December 2023 60,000 16,291 79,723
Depreciation
At 1st January 2023 3,750 11,671 74,401
Charge for year 3,000 923 1,064
At 31st December 2023 6,750 12,594 75,465
Net book value
At 31st December 2023 53,250 3,697 4,258
At 31st December 2022 56,250 4,120 5,322

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1st January 2023 19,365 3,808 178,687
Additions - 2,475 2,975
At 31st December 2023 19,365 6,283 181,662
Depreciation
At 1st January 2023 11,196 2,687 103,705
Charge for year 2,042 720 7,749
At 31st December 2023 13,238 3,407 111,454
Net book value
At 31st December 2023 6,127 2,876 70,208
At 31st December 2022 8,169 1,121 74,982

5. Fixed asset investments
Other
investments
£   
Cost
At 1st January 2023
and 31st December 2023 221,000
Net book value
At 31st December 2023 221,000
At 31st December 2022 221,000

On 16th December 2020 Health Hut Professionals Ltd. acquired 100% of the share capital of Pharma Plus Medical Ltd.

Health Hut Professionals Ltd. (Registered number: 07394844)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 155,788 72,508
Amounts owed by group undertakings 39,200 -
Other debtors 11,793 25,524
206,781 98,032

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 92,463 14,000
Trade creditors 138,886 131,988
Amounts owed to group undertakings - 40,000
Taxation and social security 2,966 37,483
Other creditors 70,034 690
304,349 224,161

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 73,846 35,000