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Registration number: 08630737

Health Advisor Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Health Advisor Limited
(Registration number: 08630737)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Health Advisor Limited
(Registration number: 08630737)

Company Information

Directors

Mr J N Bloodsmyth

Mr B R Brown

Mr J Gasior

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Health Advisor Limited
(Registration number: 08630737)

Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

2,932

4,360

Tangible assets

5

-

116

 

2,932

4,476

Current assets

 

Debtors

6

-

432

Cash at bank and in hand

 

5,663

6,203

 

5,663

6,635

Creditors: Amounts falling due within one year

7

(66,592)

(99,423)

Net current liabilities

 

(60,929)

(92,788)

Total assets less current liabilities

 

(57,997)

(88,312)

Creditors: Amounts falling due after more than one year

7

(857)

(1,461)

Net liabilities

 

(58,854)

(89,773)

Capital and reserves

 

Called up share capital

114

114

Share premium reserve

34,986

34,986

Profit and loss account

(93,954)

(124,873)

Total equity

 

(58,854)

(89,773)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

 

Health Advisor Limited
(Registration number: 08630737)

Balance Sheet as at 31 January 2024

.........................................
Mr J N Bloodsmyth
Director

 

Health Advisor Limited
(Registration number: 08630737)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The principal creditors in the accounts are the directors loan accounts, and the directors have pledged to continue to support the company so it can meet its obligations as they arise. Therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Health Advisor Limited
(Registration number: 08630737)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

Straight Line over 3 years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software development costs

Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Health Advisor Limited
(Registration number: 08630737)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Intangible assets

Software development costs
£

Total
£

Cost or valuation

At 1 February 2023

19,027

19,027

Additions acquired separately

2,820

2,820

At 31 January 2024

21,847

21,847

Amortisation

At 1 February 2023

14,667

14,667

Amortisation charge

4,248

4,248

At 31 January 2024

18,915

18,915

Carrying amount

At 31 January 2024

2,932

2,932

At 31 January 2023

4,360

4,360

 

Health Advisor Limited
(Registration number: 08630737)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

2,496

2,496

At 31 January 2024

2,496

2,496

Depreciation

At 1 February 2023

2,380

2,380

Charge for the year

116

116

At 31 January 2024

2,496

2,496

Carrying amount

At 31 January 2024

-

-

At 31 January 2023

116

116

6

Debtors

2024
£

2023
£

Trade debtors

-

432

Total current trade and other debtors

-

432

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

611

611

Trade creditors

 

395

509

Other creditors

 

64,326

97,103

Accrued expenses

 

1,260

1,200

 

66,592

99,423

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

857

1,461

 

Health Advisor Limited
(Registration number: 08630737)

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

611

611

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

857

1,461