Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 12463551 Mr Faisal Janjua Mrs Ambreen Janjua Mr Faisal Janjua iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12463551 2023-02-28 12463551 2024-02-28 12463551 2023-03-01 2024-02-28 12463551 frs-core:CurrentFinancialInstruments 2024-02-28 12463551 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-28 12463551 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 12463551 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 12463551 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 12463551 frs-core:OtherResidualIntangibleAssets 2024-02-28 12463551 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-28 12463551 frs-core:OtherResidualIntangibleAssets 2023-02-28 12463551 frs-core:PlantMachinery 2024-02-28 12463551 frs-core:PlantMachinery 2023-03-01 2024-02-28 12463551 frs-core:PlantMachinery 2023-02-28 12463551 frs-core:ShareCapital 2024-02-28 12463551 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 12463551 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 12463551 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 12463551 frs-bus:SmallEntities 2023-03-01 2024-02-28 12463551 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 12463551 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 12463551 frs-bus:Director1 2023-03-01 2024-02-28 12463551 frs-bus:Director2 2023-03-01 2024-02-28 12463551 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 12463551 frs-countries:EnglandWales 2023-03-01 2024-02-28 12463551 2022-02-28 12463551 2023-02-28 12463551 2022-03-01 2023-02-28 12463551 frs-core:CurrentFinancialInstruments 2023-02-28 12463551 frs-core:ShareCapital 2023-02-28 12463551 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12463551
Hfa Healthcare Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12463551
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 49,375 57,275
Tangible Assets 5 163,658 160,994
213,033 218,269
CURRENT ASSETS
Debtors 6 1,250,972 1,176,260
Cash at bank and in hand 124,069 73,247
1,375,041 1,249,507
Creditors: Amounts Falling Due Within One Year 7 (1,567,346 ) (1,440,769 )
NET CURRENT ASSETS (LIABILITIES) (192,305 ) (191,262 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,728 27,007
NET ASSETS 20,728 27,007
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 20,718 26,997
SHAREHOLDERS' FUNDS 20,728 27,007
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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 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.
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.
On behalf of the board
Mr Faisal Janjua
Director
25th November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hfa Healthcare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12463551 . The registered office is Unit 17 Hockley Court, 2401 Stratford Road, Hockley Heath, Solihull, B94 6NW.
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 - Other Intangible
Other intangible assets are purchased pharmaceutical licenses and dossiers. They are amortised to profit and loss account over their 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:
Leasehold Over the terms of the lease
Plant & Machinery 25% Straight Line
2.5. 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: 1 (2023: 1)
1 1
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4. Intangible Assets
Other
£
Cost
As at 1 March 2023 79,000
As at 28 February 2024 79,000
Amortisation
As at 1 March 2023 21,725
Provided during the period 7,900
As at 28 February 2024 29,625
Net Book Value
As at 28 February 2024 49,375
As at 1 March 2023 57,275
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 161,669 16,724 178,393
Additions - 19,906 19,906
As at 28 February 2024 161,669 36,630 198,299
Depreciation
As at 1 March 2023 8,083 9,316 17,399
Provided during the period 8,084 9,158 17,242
As at 28 February 2024 16,167 18,474 34,641
Net Book Value
As at 28 February 2024 145,502 18,156 163,658
As at 1 March 2023 153,586 7,408 160,994
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,240,037 1,168,476
Other debtors 10,935 2,511
Other taxes and social security - 5,273
1,250,972 1,176,260
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 950,161 954,434
Other taxes and social security 23,114 -
Other creditors 594,071 486,335
1,567,346 1,440,769
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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