Registered number
13757583
The Reset Health Group Limited
Unaudited Filleted Accounts
30 June 2024
The Reset Health Group Limited
Registered number: 13757583
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,900 12,869
Current assets
Debtors 4 20,412 9,229
Cash at bank and in hand 16,096 117,035
36,508 126,264
Creditors: amounts falling due within one year 5 (56,639) (127,750)
Net current liabilities (20,131) (1,486)
Total assets less current liabilities (10,231) 11,383
Provisions for liabilities - (3,000)
Net (liabilities)/assets (10,231) 8,383
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,331) 8,283
Shareholders' funds (10,231) 8,383
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 D Broadbent
Director
Approved by the board on 16 December 2024
The Reset Health Group Limited
Notes to the Accounts
for the year ended 30 June 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).
Going concern
The financial statements have been prepared under the going concern principle, which relies on the continued support of the company's directors and creditors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discount. 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:
Office furniture and equipment 15% straight line basis
Computers 33% straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 13,041
Additions 1,483
At 30 June 2024 14,524
Depreciation
At 1 July 2023 172
Charge for the year 4,452
At 30 June 2024 4,624
Net book value
At 30 June 2024 9,900
At 30 June 2023 12,869
4 Debtors 2024 2023
£ £
Trade debtors - 4,525
Deferred tax asset 4,000 -
Other debtors 16,412 4,704
20,412 9,229
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 2,154
Taxation and social security costs 1,307 2,806
Other creditors 55,332 122,790
56,639 127,750
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A D Broadbent
Interest free loan - 4,390 - 4,390
M P Watchet
Interest free loan - 8,522 - 8,522
- 12,912 - 12,912
7 Other information
The Reset Health Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
X=Why Foundry
6 Brindley Place
Birmingham
B1 2JB
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