Registered number
09419480
APL Health Limited
Unaudited Filleted Accounts
31 March 2024
APL Health Limited
Registered number: 09419480
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,146 6,764
Tangible assets 4 200,268 184,087
Investments 5 153,309 153,309
357,723 344,160
Current assets
Debtors 6 339,096 203,474
Cash at bank and in hand 1,011,472 761,055
1,350,568 964,529
Creditors: amounts falling due within one year 7 (922,171) (661,501)
Net current assets 428,397 303,028
Total assets less current liabilities 786,120 647,188
Provisions for liabilities (6,420) (2,823)
Net assets 779,700 644,365
Capital and reserves
Called up share capital 9,000 9,000
Profit and loss account 770,700 635,365
Shareholders' funds 779,700 644,365
The director is 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 director acknowledges his 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.
Harrison Guy Cramer
Director
Approved by the board on 15 November 2024
APL Health Limited
Notes to the Accounts
for the year ended 31 March 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.
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:
Software over 3 years
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 12
3 Intangible fixed assets £
Cost
At 1 April 2023 10,473
At 31 March 2024 10,473
Amortisation
At 1 April 2023 3,709
Provided during the year 2,618
At 31 March 2024 6,327
Net book value
At 31 March 2024 4,146
At 31 March 2023 6,764
Intangibles are being written off in equal annual instalments over their estimated economic life of 4 years.
4 Tangible fixed assets
Land and buildings Software, equipment, fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 172,795 41,921 7,548 222,264
Additions - 21,504 - 21,504
Disposals - - (7,548) (7,548)
At 31 March 2024 172,795 63,425 - 236,220
Depreciation
At 1 April 2023 - 32,084 6,093 38,177
Charge for the year - 3,868 364 4,232
On disposals - - (6,457) (6,457)
At 31 March 2024 - 35,952 - 35,952
Net book value
At 31 March 2024 172,795 27,473 - 200,268
At 31 March 2023 172,795 9,837 1,455 184,087
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 153,309
At 31 March 2024 153,309
6 Debtors 2024 2023
£ £
Trade debtors 278,407 150,919
Other debtors 60,689 52,555
339,096 203,474
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 52,238 27,108
Taxation and social security costs 147,727 45,549
Other creditors 722,206 588,844
922,171 661,501
8 Other information
APL Health Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Brunel Court
Rudheath Way
Northwich
Cheshire
CW9 7LP
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