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Registration number: 14617305

Hudelson Health and Wellbeing Limited

Unaudited Filleted Financial Statements

for the Period from 25 January 2023 to 31 January 2024

 

Hudelson Health and Wellbeing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Hudelson Health and Wellbeing Limited

Company Information

Director

Mr B Hudelson

Registered office

3 Warren Close
Badwell Ash
Bury St. Edmunds
Suffolk
IP31 3ER

Accountants

Jacobs Allen Limited
Chartered Accountants and Chartered Tax Advisers
59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

 

Hudelson Health and Wellbeing Limited

(Registration number: 14617305)
Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Intangible assets

4

59,215

Tangible assets

5

26,588

 

85,803

Current assets

 

Debtors

6

6,875

Cash at bank and in hand

 

1,261

 

8,136

Creditors: Amounts falling due within one year

7

(113,387)

Net current liabilities

 

(105,251)

Net liabilities

 

(19,448)

Capital and reserves

 

Called up share capital

8

100

Retained earnings

(19,548)

Shareholders' deficit

 

(19,448)

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 October 2024
 

.........................................
Mr B Hudelson
Director

 

Hudelson Health and Wellbeing Limited

Notes to the Unaudited Financial Statements for the Period from 25 January 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Warren Close
Badwell Ash
Bury St. Edmunds
Suffolk
IP31 3ER
England

The principal place of business is:
3 Woolhall Street
Bury St Edmunds
Suffolk
IP33 1LA

These financial statements were authorised for issue by the director on 14 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The accounting period is extended beyond twelve months due to this being the first period since incorporation on 25 January 2023.

Going concern

The balance sheet shows net current liabilities of £105,251 and net liabilities of £19,448. However, current liabilities include £110,987 owed to the director who has indicated his willingness to contiunue to support the company for the forseeable future. The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Hudelson Health and Wellbeing Limited

Notes to the Unaudited Financial Statements for the Period from 25 January 2023 to 31 January 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

20% reducing balance

Fixtures, fittings and IT systems

20%/33% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Hudelson Health and Wellbeing Limited

Notes to the Unaudited Financial Statements for the Period from 25 January 2023 to 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

60,828

60,828

At 31 January 2024

60,828

60,828

Amortisation

Amortisation charge

1,613

1,613

At 31 January 2024

1,613

1,613

Carrying amount

At 31 January 2024

59,215

59,215

 

Hudelson Health and Wellbeing Limited

Notes to the Unaudited Financial Statements for the Period from 25 January 2023 to 31 January 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

15,170

12,196

27,366

At 31 January 2024

15,170

12,196

27,366

Depreciation

Charge for the period

455

323

778

At 31 January 2024

455

323

778

Carrying amount

At 31 January 2024

14,715

11,873

26,588

6

Debtors

Current

2024
£

Other debtors

6,875

 

6,875

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

2,400

Other creditors

110,987

113,387

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100

   

During the period 100 £1 ordinary shares were alloted.

 

Hudelson Health and Wellbeing Limited

Notes to the Unaudited Financial Statements for the Period from 25 January 2023 to 31 January 2024

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £132,234.

10

Related party transactions

Other transactions with the director

During the period the director provided interest free advances which are considered repayable on demand, amounts owing are £110,387.