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REGISTERED NUMBER: 14483344 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ASV Colchester Hospital Limited

ASV Colchester Hospital Limited (Registered number: 14483344)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASV Colchester Hospital Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Gumber
M Khorasani





REGISTERED OFFICE: The Gatehouse
453 Cranbrook road
Illford
IG2 6EW





REGISTERED NUMBER: 14483344 (England and Wales)






ASV Colchester Hospital Limited (Registered number: 14483344)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,805 41,896

CURRENT ASSETS
Stocks 5 4,679 -
Debtors 6 102,222 8,891
Cash at bank 3,697 1,449
110,598 10,340
CREDITORS
Amounts falling due within one year 7 88,879 20,388
NET CURRENT ASSETS/(LIABILITIES) 21,719 (10,048 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,524

31,848

CREDITORS
Amounts falling due after more than
one year

8

25,679

35,104
NET ASSETS/(LIABILITIES) 27,845 (3,256 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 27,745 (3,356 )
SHAREHOLDERS' FUNDS 27,845 (3,256 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

ASV Colchester Hospital Limited (Registered number: 14483344)

Balance Sheet - continued
31 March 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 1 October 2024 and were signed on its behalf by:




R Gumber - Director



M Khorasani - Director


ASV Colchester Hospital Limited (Registered number: 14483344)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

ASV Colchester Hospital 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the companies Act 2006.
The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.

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 includes revenue earned from the sale of goods and from the rendering of services and is recognised at point of sale to the customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 25% on reducing balance and not provided
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially stated at cost and subsequently at cost less depreciation.

ASV Colchester Hospital Limited (Registered number: 14483344)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are
presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

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.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ASV Colchester Hospital Limited (Registered number: 14483344)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 3,198 39,521 - 42,719
Additions - - 299 299
At 31 March 2024 3,198 39,521 299 43,018
DEPRECIATION
At 1 April 2023 - 823 - 823
Charge for year 640 9,675 75 10,390
At 31 March 2024 640 10,498 75 11,213
NET BOOK VALUE
At 31 March 2024 2,558 29,023 224 31,805
At 31 March 2023 3,198 38,698 - 41,896

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 4,679 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 94,362 100
Other debtors 7,860 -
VAT - 8,791
102,222 8,891

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 11,237 11,237
Trade creditors 10,758 -
Amounts owed to group undertakings 55,776 8,880
VAT 9,338 -
Accrued expenses 1,770 271
88,879 20,388

ASV Colchester Hospital Limited (Registered number: 14483344)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 25,679 35,104

Included in creditors less than one year and more than one year are bank loans £36915 secured by the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100