Registered number
08519853
Charcoal Healthcare Limited
Unaudited Filleted Accounts
31 May 2024
Charcoal Healthcare Limited
Registered number: 08519853
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 100,419 97,894
Current assets
Cash at bank and in hand 144,183 111,499
Creditors: amounts falling due within one year 4 (48,605) (122,407)
Net current assets/(liabilities) 95,578 (10,908)
Net assets 195,997 86,986
Capital and reserves
Called up share capital 100 100
Profit and loss account 195,897 86,886
Shareholders' funds 195,997 86,986
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr C T Kwan
Director
Approved by the board on 4 October 2024
Charcoal Healthcare Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 15% straight line basis
Plant and machinery 15% reducing balance basis
Fixtures, fittings, tools and equipment 15% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 31,022 95,895 126,917
Additions 22,783 - 22,783
At 31 May 2024 53,805 95,895 149,700
Depreciation
At 1 June 2023 14,639 14,384 29,023
Charge for the year 5,874 14,384 20,258
At 31 May 2024 20,513 28,768 49,281
Net book value
At 31 May 2024 33,292 67,127 100,419
At 31 May 2023 16,383 81,511 97,894
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 28,411 23,390
Other creditors 20,194 99,017
48,605 122,407
5 Other information
Charcoal Healthcare Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 8 Granard Business Centre
Bunns Lane
London
NW7 2DQ
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