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Registered number: 08885913
Hayyan Healthcare Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
Saymur Accountants Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08885913
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 45,161
Tangible Assets 5 9,652 12,065
9,652 57,226
CURRENT ASSETS
Stocks 27,415 27,415
Debtors 523,351 351,081
Cash at bank and in hand 44,559 307,137
595,325 685,633
Creditors: Amounts Falling Due Within One Year (246,490 ) (321,409 )
NET CURRENT ASSETS (LIABILITIES) 348,835 364,224
TOTAL ASSETS LESS CURRENT LIABILITIES 358,487 421,450
Creditors: Amounts Falling Due After More Than One Year (132,076 ) (192,802 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,865 ) (2,865 )
NET ASSETS 223,546 225,783
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 223,446 225,683
SHAREHOLDERS' FUNDS 223,546 225,783
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Asif Alidina
Director
14/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Hayyan Healthcare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08885913 . The registered office is Metroline House, 4th Floor, 118-122 College Road, Harrow,, England, HA1 1BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Writing down value
Computer Equipment 20% Writing down value
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 12)
11 12
4. Intangible Assets
Total
£
Cost
As at 1 March 2023 668,175
As at 28 February 2024 668,175
Amortisation
As at 1 March 2023 623,014
Provided during the period 45,161
As at 28 February 2024 668,175
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 45,161
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5. Tangible Assets
Total
£
Cost
As at 1 March 2023 23,747
As at 28 February 2024 23,747
Depreciation
As at 1 March 2023 11,682
Provided during the period 2,413
As at 28 February 2024 14,095
Net Book Value
As at 28 February 2024 9,652
As at 1 March 2023 12,065
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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