Registered number
09478166
HEALING HORIZONS LTD
Filleted Accounts
31 March 2024
HEALING HORIZONS LTD
Registered number: 09478166
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 2,522 2,959
Tangible assets 4 467 966
2,989 3,925
Current assets
Stocks - 21,726
Debtors 5 - 162
Cash at bank and in hand 416 3,638
416 25,526
Creditors: amounts falling due within one year 6 (11,563) (9,961)
Net current (liabilities)/assets (11,147) 15,565
Total assets less current liabilities (8,158) 19,490
Creditors: amounts falling due after more than one year 7 (71,858) (74,518)
Net liabilities (80,016) (55,028)
Capital and reserves
Called up share capital 4 4
Profit and loss account (80,020) (55,032)
Shareholders' funds (80,016) (55,028)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paige Ashley LEWIN
Director
Approved by the board on 2 December 2024
HEALING HORIZONS LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Goodwill Amortisation 15% straight line
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 3,634
At 31 March 2024 3,634
Amortisation
At 1 April 2023 675
Provided during the year 437
At 31 March 2024 1,112
Net book value
At 31 March 2024 2,522
At 31 March 2023 2,959
4 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 April 2023 1,995
At 31 March 2024 1,995
Depreciation
At 1 April 2023 1,029
Charge for the year 499
At 31 March 2024 1,528
Net book value
At 31 March 2024 467
At 31 March 2023 966
5 Debtors 2024 2023
£ £
Other debtors - 162
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,998 4,634
Trade creditors 225 3,399
Taxation and social security costs - 838
Other creditors 6,340 1,090
11,563 9,961
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,448 7,808
Other creditors 66,410 66,710
71,858 74,518
8 Other information
HEALING HORIZONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
18a Sun Street
Waltham Abbey
Essex
England
EN9 1EE
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