Registered number
05020425
Healthworks Clinic Limited
Filleted Accounts
31 January 2024
Healthworks Clinic Limited
Accountants' Report
Accountants' report to the directors of
Healthworks Clinic Limited
You consider that the company is exempt from an audit for the year ended 31 January 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Poole Accounting Services Limited
Society of Practising Accountants
98 London Road
Bognor Regis
West Sussex
PO21 1DD
30 October 2024
Healthworks Clinic Limited
Registered number: 05020425
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,817 8,064
Current assets
Debtors 4 - 8,144
Cash at bank and in hand 4,805 -
4,805 8,144
Creditors: amounts falling due within one year 5 (28,147) (43,832)
Net current liabilities (23,342) (35,688)
Total assets less current liabilities (15,525) (27,624)
Creditors: amounts falling due after more than one year 6 (7,515) (17,316)
Net liabilities (23,040) (44,940)
Capital and reserves
Called up share capital 400 400
Profit and loss account (23,440) (45,340)
Shareholders' funds (23,040) (44,940)
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.
Mr M D Henry
Director
Approved by the board on 30 October 2024
Healthworks Clinic 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).
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.
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:
Leasehold improvements nil
Plant and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Leasehold improvements Plant and equipment Total
£ £ £
Cost
At 1 February 2023 7,077 25,742 32,819
At 31 January 2024 7,077 25,742 32,819
Depreciation
At 1 February 2023 - 24,755 24,755
Charge for the year - 247 247
At 31 January 2024 - 25,002 25,002
Net book value
At 31 January 2024 7,077 740 7,817
At 31 January 2023 7,077 987 8,064
4 Debtors 2024 2023
£ £
Corporation tax S455 - 8,144
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,800 3,800
Trade creditors 11,106 15,076
Corporation tax 6,695 6,678
Other taxes and social security costs 546 -
Other creditors 6,000 18,278
28,147 43,832
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,515 17,316
7 Other information
Healthworks Clinic Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Nest
Hunston Road
Chichester
West Sussex
PO20 1NP
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