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REGISTERED NUMBER: SC643032 (Scotland)















Allied Healthcare Ltd

Financial Statements For The Year Ended 29 February 2024






Allied Healthcare Ltd (Registered number: SC643032)






Contents of the Financial Statements
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allied Healthcare Ltd

Company Information
For The Year Ended 29 February 2024







DIRECTOR: Mr A Jones



REGISTERED OFFICE: South Church
Moray Street
Elgin
Moray
IV30 1JH



REGISTERED NUMBER: SC643032 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: The Royal Bank of Scotland
209 High Street
Elgin
Moray
IV30 1DL

Allied Healthcare Ltd (Registered number: SC643032)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 318,174 318,174

CURRENT ASSETS
Debtors 5 1,225 1,587
Cash at bank 3,536 4,322
4,761 5,909
CREDITORS
Amounts falling due within one year 6 90,515 95,738
NET CURRENT LIABILITIES (85,754 ) (89,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,420

228,345

CREDITORS
Amounts falling due after more than one
year

7

(174,974

)

(188,426

)

PROVISIONS FOR LIABILITIES 8 (10,193 ) (6,971 )
NET ASSETS 47,253 32,948

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 47,252 32,947
SHAREHOLDERS' FUNDS 47,253 32,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Allied Healthcare Ltd (Registered number: SC643032)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





Mr A Jones - Director


Allied Healthcare Ltd (Registered number: SC643032)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Allied Healthcare Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 318,174
NET BOOK VALUE
At 29 February 2024 318,174
At 28 February 2023 318,174

Allied Healthcare Ltd (Registered number: SC643032)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,225 940
Other debtors - 647
1,225 1,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 13,589 13,418
Taxation and social security 5,879 -
Other creditors 71,047 82,320
90,515 95,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 124,974 138,426
Other creditors 50,000 50,000
174,974 188,426

During the year the company granted a floating charge over South Church in favour of The Royal Bank of Scotland PLC.

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 10,193 6,971

Deferred
tax
£   
Balance at 1 March 2023 6,971
Provided during year 3,222
Balance at 29 February 2024 10,193

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary 1 1 1

Allied Healthcare Ltd (Registered number: SC643032)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

10. RESERVES
Retained
earnings
£   

At 1 March 2023 32,947
Profit for the year 38,805
Dividends (24,500 )
At 29 February 2024 47,252

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,500 were paid to the director .

As at 28 February 2023 the company owed the director £6,733. During the year the company met expenses on behalf of the director totalling £6,705. At 29 february 2024 the company owed the director £28. This loan is interest free and has no fixed terms of repayments.

As at 28 February 2023 the company owed £74,207 to Fusion Physiotherapy Ltd a company under common control. During the year the company charged rent of £5,500 to Fusion Physiotherapy Ltd. As at 29 February 2024 the company owed £68,707 to Fusion Physiotherapy Ltd. This loan is interest free and has no fixed terms of repayments.