Company Registration No. 07464490 (England and Wales)
Aarjay Healthcare Limited
Unaudited accounts
for the year ended 29 February 2024
Aarjay Healthcare Limited
Unaudited accounts
Contents
Aarjay Healthcare Limited
Company Information
for the year ended 29 February 2024
Directors
Jayantkumar Vinodlal Doshi
Rashila Jayantkumar Doshi
Avinash Jayant Doshi
Company Number
07464490 (England and Wales)
Registered Office
Unit 4
Shenley Road
Woodhall Farm Estate
Hemel Hempstead
HP2 7QH
England
Accountants
BPACL Accountancy Services Limited
83 Cowley Hill
Borehamwood
Hertfordshire
WD6 5NA
Aarjay Healthcare Limited
Statement of financial position
as at 29 February 2024
Intangible assets
105,747
211,495
Tangible assets
78,205
34,731
Inventories
136,284
125,581
Cash at bank and in hand
21,334
9,761
Creditors: amounts falling due within one year
(483,714)
(467,916)
Net current assets
296,733
293,973
Total assets less current liabilities
480,685
540,199
Creditors: amounts falling due after more than one year
(305,716)
(308,055)
Net assets
174,969
232,144
Called up share capital
476,023
476,023
Profit and loss account
(301,054)
(243,879)
Shareholders' funds
174,969
232,144
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by
Jayantkumar Vinodlal Doshi
Director
Company Registration No. 07464490
Aarjay Healthcare Limited
Notes to the Accounts
for the year ended 29 February 2024
Aarjay Healthcare Limited is a private company, limited by shares, registered in England and Wales, registration number 07464490. The registered office is Unit 4, Shenley Road, Woodhall Farm Estate, Hemel Hempstead, HP2 7QH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the life of the lease
Motor vehicles
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 29 February 2024
961,340
Charge for the year
105,748
At 29 February 2024
855,593
At 29 February 2024
105,747
At 28 February 2023
211,495
Aarjay Healthcare Limited
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
12,835
-
146,188
159,023
Additions
-
53,219
3,591
56,810
At 29 February 2024
12,835
53,219
149,779
215,833
At 1 March 2023
7,227
-
117,065
124,292
Charge for the year
473
7,956
4,907
13,336
At 29 February 2024
7,700
7,956
121,972
137,628
At 29 February 2024
5,135
45,263
27,807
78,205
At 28 February 2023
5,608
-
29,123
34,731
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
169,431
130,103
Accrued income and prepayments
10,626
15,809
Other debtors
419,914
438,259
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
47,250
36,630
Obligations under finance leases and hire purchase contracts
10,111
-
Trade creditors
351,376
287,113
Taxes and social security
32,109
17,191
Loans from directors
19,468
-
Aarjay Healthcare Limited
Notes to the Accounts
for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
272,675
279,012
Obligations under finance leases and hire purchase contracts
33,041
-
9
Operating lease commitments
2024
2023
At 29 February 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
31,500
30,840
Later than one year and not later than five years
126,000
103,800
Later than five years
31,500
55,533
10
Guarantees provided on behalf of directors
1. Persons entitled: Hsbc UK Bank PLC
Brief description: 2 henry wells square. Grovehill. Hemel hempstead. Contains fixed charge. Contains negative pledge.
2. Persons entitled: Hsbc Bank PLC
Brief description: N/A. notification of addition to or amendment of charge.
3. Persons entitled: Hsbc Bank PLC
Brief description: Notification of addition to or amendment of charge. Contains fixed charge. Contains floating charge. Floating charge covers all the property or undertaking of the company.
4. Persons entitled: Hsbc Bank PLC
Brief description: L/H property k/a unit 6 woodhall farm estate redbourn road hemel hempstead t/no.HD519614. Notification of addition to or amendment of charge.
11
Transactions with related parties
Other debtors includes amounts owed by a connected company of £446,098 (2023 : £438,259). This loan is unsecured and interest brearing @ 3.5% per annum.
During the year, consultancy fees amounting to £18,000 (2023: £31,500) were pai to the connected company.
12
Average number of employees
During the year the average number of employees was 14 (2023: 13).