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Registered number: 07570099
ESPH Healthcare Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bradleys Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07570099
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 258,532 267,331
Tangible Assets 5 110,080 147,241
368,612 414,572
CURRENT ASSETS
Stocks 6 617 617
Debtors 7 154,045 268,431
Investments 8 3 3
Cash at bank and in hand 2,190 5,137
156,855 274,188
Creditors: Amounts Falling Due Within One Year 9 (634,988 ) (663,687 )
NET CURRENT ASSETS (LIABILITIES) (478,133 ) (389,499 )
TOTAL ASSETS LESS CURRENT LIABILITIES (109,521 ) 25,073
Creditors: Amounts Falling Due After More Than One Year 10 (538,965 ) (687,859 )
NET LIABILITIES (648,486 ) (662,786 )
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account (648,686 ) (662,986 )
SHAREHOLDERS' FUNDS (648,486) (662,786)
Page 1
Page 2
For the year ending 31 March 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 Max Sharp
Director
23/10/2024
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
ESPH Healthcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07570099 . The registered office is 81 Bellegrove Road, Welling, Kent, DA16 3PG.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 .... years.
2.5. 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 Life of lease
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 401,764
Additions 5,000
As at 31 March 2024 406,764
Amortisation
As at 1 April 2023 134,433
Provided during the period 13,799
As at 31 March 2024 148,232
Net Book Value
As at 31 March 2024 258,532
As at 1 April 2023 267,331
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 26,045 418,893 99,322 99,270 643,530
As at 31 March 2024 26,045 418,893 99,322 99,270 643,530
Depreciation
As at 1 April 2023 22,872 301,996 72,451 98,970 496,289
Provided during the period 1,145 29,224 6,717 75 37,161
As at 31 March 2024 24,017 331,220 79,168 99,045 533,450
Net Book Value
As at 31 March 2024 2,028 87,673 20,154 225 110,080
As at 1 April 2023 3,173 116,897 26,871 300 147,241
6. Stocks
2024 2023
£ £
Materials 617 617
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 559 -
Prepayments and accrued income 116,147 245,615
Other debtors - 1,000
Net wages 159 40
Amounts owed by group undertakings 37,180 21,776
154,045 268,431
8. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 3 3
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 318,948 309,045
Bank loans and overdrafts 28,956 28,913
Other taxes and social security 78,753 62,202
VAT 87,767 78,139
Pensions Payable 1,132 391
Accruals and deferred income 15,238 17,791
Amounts owed to group undertakings 104,194 167,206
634,988 663,687
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 538,965 687,859
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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