Registered number
06681155
Meyerhealth Limited
Filleted Accounts
31 August 2024
Meyerhealth Limited
Registered number: 06681155
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 778,420 799,496
Investments 4 14,537 14,537
792,957 814,033
Current assets
Stocks 25,000 25,000
Debtors 5 326,373 325,617
Cash at bank and in hand 60,928 47,834
412,301 398,451
Creditors: amounts falling due within one year 6 (105,777) (69,265)
Net current assets 306,524 329,186
Total assets less current liabilities 1,099,481 1,143,219
Creditors: amounts falling due after more than one year 7 (3,556) (57,788)
Provisions for liabilities (96,209) (74,792)
Net assets 999,716 1,010,639
Capital and reserves
Called up share capital 100 100
Profit and loss account 999,616 1,010,539
Shareholders' funds 999,716 1,010,639
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.
A. Meyer
Director
Approved by the board on 16 December 2024
Meyerhealth Limited
Notes to the Accounts
for the year ended 31 August 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.
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:
Motor vehicles 25% on the reducing value
Fixtures, fittings and equipment 25% on the reducing value
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Land and buildings Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 407,489 601,387 76,270 1,085,146
Additions 25,084 69,123 - 94,207
At 31 August 2024 432,573 670,510 76,270 1,179,353
Depreciation
At 1 September 2023 - 252,282 33,368 285,650
Charge for the year - 104,557 10,726 115,283
At 31 August 2024 - 356,839 44,094 400,933
Net book value
At 31 August 2024 432,573 313,671 32,176 778,420
At 31 August 2023 407,489 349,105 42,902 799,496
4 Investments
Other
investments
£
Cost
At 1 September 2023 14,537
At 31 August 2024 14,537
5 Debtors 2024 2023
£ £
Other debtors 326,373 325,617
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 54,052 54,052
Taxation and social security costs 48,129 6,281
Other creditors 3,596 8,932
105,777 69,265
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 3,556 57,788
8 Controlling party
The company is controlled by the director.
9 Other information
Meyerhealth Limited is a private company limited by shares and incorporated in England. Its registered office is:
Meyer Clinic
Mains Road
Fishbourne
Chichester
PO18 8AN
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