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REGISTERED NUMBER: 05051431 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Healthmed Supplies (HMS) Limited

Healthmed Supplies (HMS) Limited (Registered number: 05051431)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Healthmed Supplies (HMS) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs Helene Storey
Mr Paul Storey





REGISTERED OFFICE: Crosby Business Centre Mersey View
Brighton-Le-Sands
Liverpool
Merseyside
L22 6QA





REGISTERED NUMBER: 05051431 (England and Wales)





ACCOUNTANTS: Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside

Healthmed Supplies (HMS) Limited (Registered number: 05051431)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,526 12,856
Tangible assets 5 6,671 7,978
18,197 20,834

CURRENT ASSETS
Stocks 3,344 5,194
Debtors 6 7,849 11,966
Cash at bank 3,570 6,370
14,763 23,530
CREDITORS
Amounts falling due within one year 7 31,922 45,093
NET CURRENT LIABILITIES (17,159 ) (21,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038

(729

)

PROVISIONS FOR LIABILITIES 24 -
NET ASSETS/(LIABILITIES) 1,014 (729 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 1,013 (730 )
SHAREHOLDERS' FUNDS 1,014 (729 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Healthmed Supplies (HMS) Limited (Registered number: 05051431)

Balance Sheet - continued
30 June 2024


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 3 October 2024 and were signed on its behalf by:





Mrs Helene Storey - Director


Healthmed Supplies (HMS) Limited (Registered number: 05051431)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Healthmed Supplies (HMS) Limited 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Computer equipment - 25% on reducing balance

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

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.

Healthmed Supplies (HMS) Limited (Registered number: 05051431)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 13,300
AMORTISATION
At 1 July 2023 444
Amortisation for year 1,330
At 30 June 2024 1,774
NET BOOK VALUE
At 30 June 2024 11,526
At 30 June 2023 12,856

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 1,851 4,387 2,225 8,463
Additions 69 - - 69
At 30 June 2024 1,920 4,387 2,225 8,532
DEPRECIATION
At 1 July 2023 154 146 185 485
Charge for year 442 424 510 1,376
At 30 June 2024 596 570 695 1,861
NET BOOK VALUE
At 30 June 2024 1,324 3,817 1,530 6,671
At 30 June 2023 1,697 4,241 2,040 7,978

Healthmed Supplies (HMS) Limited (Registered number: 05051431)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 7,493 11,610
Prepayments 356 356
7,849 11,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans 3,999 7,999
Trade creditors 1,812 794
Tax 949 -
Social security and other taxes - 56
VAT 3,280 2,337
Directors' current accounts 21,654 33,117
Accrued expenses 228 790
31,922 45,093

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 July 2023 (730 )
Profit for the year 2,743
Dividends (1,000 )
At 30 June 2024 1,013

Healthmed Supplies (HMS) Limited

Report of the Accountants to the Directors of
Healthmed Supplies (HMS) Limited

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside


3 October 2024