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REGISTERED NUMBER: 07779776 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

G J HEALTHCARE LIMITED

G J HEALTHCARE LIMITED (REGISTERED NUMBER: 07779776)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G J HEALTHCARE LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTOR: G Johal





SECRETARY: G Johal





REGISTERED OFFICE: 28 Greening Drive
Edgbaston
Birmingham
West Midlands
B15 2XA





REGISTERED NUMBER: 07779776 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

G J HEALTHCARE LIMITED (REGISTERED NUMBER: 07779776)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 418,404 557,872
Tangible assets 5 352,862 355,010
771,266 912,882

CURRENT ASSETS
Stocks 64,067 59,903
Debtors 6 1,163,373 1,014,442
Cash at bank and in hand 130,741 126,504
1,358,181 1,200,849
CREDITORS
Amounts falling due within one year 7 629,257 645,800
NET CURRENT ASSETS 728,924 555,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,500,190

1,467,931

CREDITORS
Amounts falling due after more than one
year

8

(858,185

)

(935,930

)

PROVISIONS FOR LIABILITIES (5,347 ) (4,472 )
NET ASSETS 636,658 527,529

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 636,558 527,429
SHAREHOLDERS' FUNDS 636,658 527,529

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G J HEALTHCARE LIMITED (REGISTERED NUMBER: 07779776)

BALANCE SHEET - continued
31 January 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 director and authorised for issue on 29 October 2024 and were signed by:





G Johal - Director


G J HEALTHCARE LIMITED (REGISTERED NUMBER: 07779776)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

G J Healthcare 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 2012, 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

G J HEALTHCARE LIMITED (REGISTERED NUMBER: 07779776)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 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 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 1,948,825
AMORTISATION
At 1 February 2023 1,390,953
Amortisation for year 139,468
At 31 January 2024 1,530,421
NET BOOK VALUE
At 31 January 2024 418,404
At 31 January 2023 557,872

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 331,472 4,918 51,201 5,367 392,958
Additions - - 1,753 1,790 3,543
At 31 January 2024 331,472 4,918 52,954 7,157 396,501
DEPRECIATION
At 1 February 2023 - 3,925 30,583 3,440 37,948
Charge for year - 241 4,352 1,098 5,691
At 31 January 2024 - 4,166 34,935 4,538 43,639
NET BOOK VALUE
At 31 January 2024 331,472 752 18,019 2,619 352,862
At 31 January 2023 331,472 993 20,618 1,927 355,010

G J HEALTHCARE LIMITED (REGISTERED NUMBER: 07779776)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 266,401 273,380
Amounts owed by associates 500,669 323,693
Other debtors 59,560 59,560
Directors' current accounts 286,600 286,600
VAT 39,705 61,220
Prepayments 10,438 9,989
1,163,373 1,014,442

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 81,792 97,835
Trade creditors 284,814 288,316
Amounts owed to associates 121,230 139,490
Tax 89,337 61,914
Social security and other taxes 1,790 1,392
Net wages control 15,511 15,108
Other creditors 601 -
Pension control 425 368
Accrued expenses 33,757 41,377
629,257 645,800

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 245,375 391,342
Bank loans more 5 yr by instal 612,810 544,588
858,185 935,930

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 612,810 544,588

9. RESERVES
Retained
earnings
£   

At 1 February 2023 527,429
Profit for the year 139,129
Dividends (30,000 )
At 31 January 2024 636,558

G J HEALTHCARE LIMITED (REGISTERED NUMBER: 07779776)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
G Johal
Balance outstanding at start of year 286,600 287,222
Amounts advanced 166,007 32,941
Amounts repaid (38,371 ) (33,563 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 414,236 286,600

11. ULTIMATE CONTROLLING PARTY

The controlling party is G Johal.