Registered number
11915857
PRD HEALTHCARE LIMITED
Filleted Accounts
31 March 2024
PRD HEALTHCARE LIMITED
Registered number: 11915857
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 213,207 213,207
Tangible assets 4 73,321 75,187
286,528 288,394
Current assets
Debtors 5 109,967 123,122
Cash at bank and in hand (10,439) (970)
99,528 122,152
Creditors: amounts falling due within one year 6 (68,233) (69,318)
Net current assets 31,295 52,834
Total assets less current liabilities 317,823 341,228
Creditors: amounts falling due after more than one year 7 (296,659) (310,238)
Provisions for liabilities (8,611) (8,967)
Net assets 12,553 22,023
Capital and reserves
Called up share capital 2 2
Profit and loss account 12,551 22,021
Shareholders' funds 12,553 22,023
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 Sheetal Kaur
Director
Approved by the board on 18 October 2024
PRD HEALTHCARE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures, fittings, tools and equipment 10% Reducing balance basis
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 213,207
At 31 March 2024 213,207
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 213,207
At 31 March 2023 213,207
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 27,996 60,841 88,837
Additions - 3,170 3,170
At 31 March 2024 27,996 64,011 92,007
Depreciation
At 1 April 2023 - 13,650 13,650
Charge for the year - 5,036 5,036
At 31 March 2024 - 18,686 18,686
Net book value
At 31 March 2024 27,996 45,325 73,321
At 31 March 2023 27,996 47,191 75,187
5 Debtors 2024 2023
£ £
Trade debtors 4,435 4,988
Other debtors 105,532 118,134
109,967 123,122
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 19,400 19,400
Obligations under finance lease and hire purchase contracts 6,829 2,900
Trade creditors 2,365 3,514
Taxation and social security costs 30,245 34,950
Other creditors 9,394 8,554
68,233 69,318
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 281,965 286,688
Obligations under finance lease and hire purchase contracts 14,694 23,550
296,659 310,238
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 276,000 209,088
Secured bank loans 301,365 261,040
Bank loans from Unity Trust Bank PLC are secured by charges held over all property and undertakings of the company.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr Sheetal Kaur
Director's loan 39,003 6,328 - 45,331
39,003 6,328 - 45,331
10 Other information
PRD HEALTHCARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
394 Pinner Road
North Harrow
United Kingdom
HA2 6EF
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