Registered number
09939639
Unity Healthcare UK Limited
Filleted Accounts
31 January 2024
Unity Healthcare UK Limited
Registered number: 09939639
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 13,682 18,242
Tangible assets 5 7,874 11,069
Investments 6 1,078,827 1,078,827
1,100,383 1,108,138
Current assets
Debtors 7 12,374 58,465
Cash at bank and in hand 45,339 27,825
57,713 86,290
Creditors: amounts falling due within one year 8 (49,850) (58,542)
Net current assets 7,863 27,748
Total assets less current liabilities 1,108,246 1,135,886
Creditors: amounts falling due after more than one year 9 (1,699,561) (1,651,561)
Net liabilities (591,315) (515,675)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (592,315) (516,675)
Shareholders' funds (591,315) (515,675)
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.
Going Concern
The accounts have been prepared on a going concern basis which assumes the continued support
of the company's creditors. Should this support be withdrawn and not replaced by alternative
finance, the company would be unable to continue trading. Adjustments would have to be made to
reduce the value of assets to their recoverable amount, to provide for any further liabilities that
might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.
Mr. Song Lu
Director
Approved by the board on 31 October 2024
Unity Healthcare UK Limited
Notes to the Accounts
for the year ended 31 January 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).
2 Going concern
The company is dependent on the continued support of the directors and shareholders.
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:
Plant and machinery over 3 years
Motor vehicles Reducing 25%
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 37 32
4 Intangible fixed assets £
Franchise Acquisition:
Cost
At 1 February 2023 45,602
At 31 January 2024 45,602
Amortisation
At 1 February 2023 27,360
Provided during the year 4,560
At 31 January 2024 31,920
Net book value
At 31 January 2024 13,682
At 31 January 2023 18,242
Franchise acquisition fees are being written off in equal annual instalments over 10 years.
5 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 12,412 13,205 25,617
Additions 459 - 459
At 31 January 2024 12,871 13,205 26,076
Depreciation
At 1 February 2023 11,247 3,301 14,548
Charge for the year 1,178 2,476 3,654
At 31 January 2024 12,425 5,777 18,202
Net book value
At 31 January 2024 446 7,428 7,874
At 31 January 2023 1,165 9,904 11,069
6 Investments
Other
investments
£
Cost
At 1 February 2023 1,078,827
At 31 January 2024 1,078,827
7 Debtors 2024 2023
£ £
Trade debtors 7,397 44,816
Director current account 1,033 1,033
Other debtors 3,944 12,616
12,374 58,465
8 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 11,728 24,702
Other creditors 38,122 33,840
49,850 58,542
9 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 1,699,561 1,651,561
10 Other information
Unity Healthcare UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
41 The Broadway
Cheam
Sutton
Surrey
SM3 8BL
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