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Registration number: 14576488

Health Tech Advisory Ltd

Unaudited Financial Statements

for the Period from 6 January 2023 to 31 January 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Health Tech Advisory Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Health Tech Advisory Ltd

Company Information

Director

R Sooch

Registered office

3rd Floor
86-90 Paul Street
London
EC2A 4NE

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Health Tech Advisory Ltd

Statement of Financial Position as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,063

Current assets

 

Debtors

5

2,630

Cash at bank and in hand

 

1,529

 

4,159

Creditors: Amounts falling due within one year

6

(4,136)

Net current assets

 

23

Net assets

 

1,086

Capital and reserves

 

Called up share capital

1

Retained earnings

1,085

Shareholders' funds

 

1,086

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

Director's responsibilities:

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

The director acknowledges her 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 26 November 2024
 

.........................................

R Sooch

Director

Company registration number: 14576488

 

Health Tech Advisory Ltd

Notes to the Unaudited Financial Statements for the Period from 6 January 2023 to 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:
3rd Floor
86-90 Paul Street
London
EC2A 4NE

The principal activity of the company is is that of healthcare consultancy services.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the period ended 31 January 2024 and had net assets at that date of £1,086.

Although the current economic environment is challenging the director is optimistic about the future trading. The company’s working capital requirements are minimal with few fixed overheads.

On the basis of the above, and after making queries, the director has a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received for the 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 from services provided evenly over the period to which the services relate.

 

Health Tech Advisory Ltd

Notes to the Unaudited Financial Statements for the Period from 6 January 2023 to 31 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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

Furniture, fittings and equipment

25% straight line

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.

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 during the period, was 0.

 

Health Tech Advisory Ltd

Notes to the Unaudited Financial Statements for the Period from 6 January 2023 to 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,449

1,449

At 31 January 2024

1,449

1,449

Depreciation

Charge for the period

386

386

At 31 January 2024

386

386

Carrying amount

At 31 January 2024

1,063

1,063

5

Debtors

2024
£

Other debtors

2,630

2,630

6

Creditors

Creditors: amounts falling due within one year

2024
£

Taxation and social security

1,136

Accruals and deferred income

3,000

4,136

7

Transactions with directors

At 31 January 2024 an amount of £2,630 was due from the director. During the period advances of £20,161 and repayments of £17,531 were made. Interest of £160 is payable to the company of 2.25% p.a. There are no set terms in place.